ENGLISH RUGBY’S FLAGSHIP domestic competition is in meltdown with Wasps following Worcester by being suspended from the Gallagher Premiership.
The four-time Premiership champions also face a “likely” move into administration and had already withdrawn from Saturday’s scheduled league fixture against Exeter at Sandy Park.
In a statement, the Rugby Football Union said: “The RFU’s Club Financial Viability Group has met this evening and confirmed that Wasps are suspended from the Gallagher Premiership.
In light of our current financial situation the Men’s team have withdrawn from this Saturday’s fixture against Exeter Chiefs.
— Wasps Rugby (@WaspsRugby) October 12, 2022
Full statement 👉 https://t.co/0270jNM6Sa pic.twitter.com/ZVXd5Z6iOp
“We appreciate this is a very difficult time for Wasps players, staff and supporters who will be concerned at news that the club is likely to enter administration.
“The RFU will continue to work with the club, PRL (Premiership Rugby) and any potential administrator or future investors to find the best possible outcome for the club.”
It is understood that Wasps would need to reapply for the suspension to be lifted if they can demonstrate means and commitment to pay rugby creditors.
It is another colossal blow for the English domestic game as chronic financial issues continue to engulf its professional arm.
Worcester have been suspended from Premiership action for the rest of this season, with relegation to follow, after the club’s partial liquidation.
Wasps Holdings Limited recently confirmed a second notice of intention to appoint administrators had been filed, revealing talks were at “a relatively advanced stage” with possible investors in the face of a winding-up order from HM Revenue and Customs for £2million in unpaid tax.
Former Newcastle United owner Mike Ashley is understood to be one of those interested parties.
Wasps also face having to repay a £35million bond which had helped finance the club’s relocation to Coventry during 2014.
Wasps’ only hope of avoiding following Worcester out of the Premiership if they go into administration would rest on them proving a “no fault” solvency event because of the global pandemic.
It is understood that Wasps players and staff – who now face uncertain futures – were informed of Wednesday’s developments during a lunchtime meeting.
“Since filing a notice of intention to appoint administrators on 21st September, we have been working tirelessly to secure the long-term future for Wasps Holdings Limited, and all of the organisations and clubs that sit within the Group,” a WHL statement read.
“Negotiations to secure deals that will allow the men’s and women’s rugby teams, netball team and the arena (Coventry Building Society Arena) and associated business to move forward are ongoing.
“However, it has become clear that there is likely to be insufficient time to find a solvent solution for the companies within the Group, and it is therefore likely that they will enter into administration in the coming days with a view to concluding deals shortly thereafter.”
Wasps have been ever present in the Premiership since the competition began 25 years ago, winning it in 2003, 2004, 2005 and 2008.
They were also crowned European champions twice, in addition to achieving one European Challenge Cup triumph, and have fielded some of England’s most well-known players during rugby union’s professional era.
The 2003 World Cup-winning England squad included five Wasps players – Lawrence Dallaglio, Josh Lewsey, Stuart Abbott, Simon Shaw and Joe Worsley.
This article has been updated after originally being published at 2.27pm.
When will this blatant poor refereeing end.
@Barry Kelleher: never. Ref mistakes are part and parcel of the game. Even VAR won’t eliminate mistakes
@IrishSportives.ie: Things that are up to interpretation will probably never be fully corrected but both of these decisions would have been overturned.
@IrishSportives.ie: Decision wasn’t even a close one as he was clearly off
@Barry Kelleher: where was Var?
Every game for about three months now Man City have gotten decisions in their favour. Bad ones too, going right back to Kompany cleaning out Salah as the last man but getting a yellow… Offsides, penalties. It’s remarkable.
@James Doyle: poor James
@David Weston: you get me wrong, man. I’m delighted City have another game in April.
Just pointing out the reality of this incredible lucky streak they’re on with refs, and keeping in mind the old maxim “it all evens out over a season”.
There’s some evening out to be had, in that case. And that will be fun.
Offside winner and the penalty was never a foul. VAR can’t come soon enough.
The more games they play the better for Liverpool
@Willy Motley: go on….
Was a great tackle to win the ball for pen. How could they not see change in flight. Var should be in every stadium
@Yorkie1892: it is in Swanseas stadium but can’t be used as there not in the top division of the game was at the eitihad car would have been used
@Colm Connolly: Ridiculous though, they had VAR there last season but they went down a division so the FA won’t have it implemented there.
It’s a shame such a prestigious cup is rigged
It was a valiant effort overshadowed by poor refereeing. Bercant Celina has been electric all season. Come you Jacks.
@Succulent Goujons: and Danny James tearing Otamendi and Laporte new ones. Shame they aren’t that motivated more often!
Selective VAR introduction making a mockery of the FA Cup yet again..