Wasps relegated from Rugby Premiership, sports body confirms
Wasps will be relegated from the Gallagher Premiership after their suspension from the rest of the season was confirmed by the Rugby Football Union, the governing body has announced
Wasps have been suspended from the Gallagher Premiership Rugby and Premiership Rugby Cup for the remainder of the 2022-23 season.
The Rugby Football Union confirmed Wasps' suspension after they went into administration earlier this month, and the Coventry-based club will now be relegated from the Gallagher Premiership.
An RFU statement said: "Following a meeting of the RFU's Club Financial Viability Group today, the RFU can confirm the suspension of Wasps from Gallagher Premiership Rugby and Premiership Rugby Cup for the remainder of the 2022-23 season."
The statement added: "The RFU's Club Financial Viability Group is encouraged by the progress made by the administrators and it has taken the decision to suspend the team in order to support the prospect of securing a deal with the right investor and giving the club the best chance for a long term sustainable future.
"Any potential investors and management will require due diligence and approvals from the RFU and PRL. A condition of any potential deal will include a requirement for the payment of all rugby creditors.
"The decision also gives certainty to PRL and Premiership rugby clubs to protect the integrity of Gallagher Premiership Rugby and allow clubs and their teams to plan for the rest of the season.
"Under RFU Regulations, Wasps will be relegated from Gallagher Premiership Rugby, and therefore if investors can be secured, the club will restart in the Championship in season 2023-24. The club is able to appeal this decision if it can show there was no fault insolvency."