Former Wasps owner Chris Wright has mourned the loss of a 'family' as the storied club attempts to come to terms with its devastating demise.
Wasps, one of the institutions of domestic rugby, were put into administration on Monday in another dark moment for the sport. The financial crisis plaguing English rugby deepened further as Wasps suffered the same fate as Worcester with Premiership suspension and impending relegation.
Confirmation of the financial collapse that has destroyed Wasps came with the shattering news that a total of 167 players and staff would be made redundant and forced to look for new jobs. The club has been saddled with debts of more than £35million, with money owed relating to their move from London to Coventry in 2014 and unpaid tax bills to HMRC.
