11:47pm, 21 September 2022Financially troubled Wasps are poised to enter administration, a development that will leave them vulnerable to relegation from the Gallagher Premiership. ADVERTISEMENTThis worrying move by Wasps was triggered by HMRC signalling its intention to issue a winding-up order against the club over unpaid tax. It was August 12 when club owner Derek Richardson insisted Wasps would not be going into administration despite missing three deadlines on this bond repayment. “Contrary to some ill-informed speculation, we are not in administration and we are not going to be,” said Richardson at the time. “We made a statement on the bond repayment on May 13, we have been very transparent with the market and the bond-holders.

Source: The Times September 21, 2022 22:00 UTC