The offer, from a consortium including members of Wasps Legends, is for
only the men’s rugby team and youth academy.
The six-time champions were suspended and relegated from the league after
entering administration.
Wasps Holdings Limited was placed into Administration on 17 October 2022
and immediately ceased to trade.
The next steps will include hiring a number of senior coaching staff, with
the aim of building a squad “capable of competing at the top-level next
season”.
Andrew Sheridan, Joint Administrator and Partner at FRP Advisory, said:
“The consortium knows that it still has to meet all of the RFU
requirements, including the fit and proper owners test and the presentation
of a three-five year business plan with supporting robust financial
forecasts, and that this needs to completed as soon as is practical in
order to be in a position to play next season”.
only the men’s rugby team and youth academy.
The six-time champions were suspended and relegated from the league after
entering administration.
Wasps Holdings Limited was placed into Administration on 17 October 2022
and immediately ceased to trade.
The next steps will include hiring a number of senior coaching staff, with
the aim of building a squad “capable of competing at the top-level next
season”.
Andrew Sheridan, Joint Administrator and Partner at FRP Advisory, said:
“The consortium knows that it still has to meet all of the RFU
requirements, including the fit and proper owners test and the presentation
of a three-five year business plan with supporting robust financial
forecasts, and that this needs to completed as soon as is practical in
order to be in a position to play next season”.
