Wasps face relegation as financial crisis in English club rugby union deepens

statement said: “Due to the impending threat of action from HMRC, Wasps Holdings Limited … have taken the difficult decision to file a notice of intention to appoint administrators in order to protect its interests.

RFU regulations state that a club that enters administration during the season will be relegated for the following campaign as it is classed as an insolvency event. RFU regulations also state that “notice of intention to appoint an administrator” is considered an insolvency event, which paints a bleak picture for Wasps.

Wasps, twice European champions, have started the Premiership season with consecutive defeats on the back of a recruitment freeze over the summer that saw the club miss out on signings including their former wing, Christian Wade. Administration would likely lead to a player exodus and relegation to the Championship next season.

Thats gonna sting! When all goes to pot, sit down and have a fry up! fryup

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