- Wasps set for Championship in 2023 but are £100m in debt
- RFU: ‘Condition of any deal includes paying all creditors’
Wasps have been officially suspended from the Premiership for the rest of the season and the Rugby Football Union has confirmed the club’s relegation to the Championship next term. The move was expected by the RFU, given Wasps were put into administration earlier this month with 167 employees – including all players and staff – made redundant and it leaves Premiership officials now planning to see out the rest of the season with just 11 clubs.
Wasps will enter next season’s Championship if investment is forthcoming but there are no guarantees, with the former chief executive Stephen Vaughan recently revealing the club are more than £100m in debt. Wasps are in effect now in the same position as Worcester and they can appeal against their relegation if they can show evidence of a “no‑fault” insolvency.
Written by Gerard Meagher
This news first appeared on https://www.theguardian.com/sport/2022/oct/28/wasps-suspended-from-premiership-as-rfu-confirms-relegation under the title “Wasps suspended from Premiership and will be relegated, RFU confirms”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.