- Wasps takeover in doubt with club set to lose P shares
- ‘I can’t give you a direct answer,’ says PRL chief on other clubs
Premiership Rugby cannot rule out more clubs joining Worcester and Wasps in being suspended from the league on financial grounds as league officials grapple with the crisis engulfing the domestic game.
Executives also detailed their reasons against allowing Worcester and Wasps to keep their P shares – that entitle clubs to a percentage of the league’s income as well as voting rights on key issues – saying “we have to be strong on this and we will be strong”. That stance appears to deliver a hammer blow to Wasps, who are hoping to achieve a quick takeover on the understanding they will not lose their P shares. Without a quick takeover there are fears Wasps, who are due to enter administration on Monday, will go bust.
Written by Gerard Meagher
This news first appeared on https://www.theguardian.com/sport/2022/oct/14/rugby-union-premiership-rugby-wasps-worcester-finances under the title “Premiership Rugby not ruling out more clubs being suspended over finances”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.