The Gallagher Premiership club, Wasps have finally revealed that they are all set to move into administration in the coming days. The financially stricken Wasps have pulled themselves out of their Premiership fixture with Exeter this weekend.
Rugby Football Union have been given Wasps a lifeline of just 10 days to halt going into administration as well as exclaimed that the clubs who enter into administration will be relegated from the following season.
The club face a wrapping-up order from HMRC over a £2million unpaid tax bill and are also struggling to repay the £35m plus interest to bondholders as part of the scheme that financed their move to Coventry.
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