Maybe it doesn't matter in the wonderful world of "sports franchises" (as ACL like to say).
But franchising is killing real sport. CCFC supporters are seeing it up close now.
If Wasps franchise to Ricoh they will surely have primacy over their own stadium. EPL rules are quite clear - a club must have primacy over teams from other sports if they groundshare.
So CCFC are effectively banned from EPL as long as they play at Ricoh. A club with no assets other than players and no legal route to the Premier League is effectively unsaleable...stuck with SISU for ever.
At your protests I suggest the issue of primacy be raised.
Why are you trying to create a problem that doesn't exist and never will. It is very very simple. Football, both PL and FL, requires the club to have primacy on any potential match dates. Rugby, at any level, does not. Hence many football and rugby clubs share grounds. It really doesn't matter who owns it from a primacy perspective. Wasps play 11 home games, do you really think they would refuse a major tenant to have primacy when there is absolutely no requirement for them to have it, would it make any difference to them if they play at home on 11 of the Saturdays when we aren't? What would happen is exactly the same as happens with every other team that shares a ground.
Of course that even assumes at any point the rules get enforced. According to FL rules Coventry should have had primacy at Sixfields, they didn't but nothing happened did it? Some games got moved to a Sunday the first season as the fixtures had already been published and then this season it was arranged so home games alternated.