By Matt Hardy Financially troubled Premiership rugby club Wasps could be taken over by a bid headed by former chief executive David Armstrong. The club, who moved to Coventry from High Wycombe in 2014, are facing money woes in relation to tax owed to HMRC, bond repayments and other debt. Sources close to the auction of the club said that the Armstrong bid, in association with investment firm Terminum Capital, could see the club valued at over £50m, with another £12m earmarked as working capital, according to City a.m. columnist Mark Kleinman. It is thought that the bid could include the Covent…