Premiership side Wasps have been placed into administration following their recent financial struggles.
The club join fellow top-flight outfit Worcester in being placed in administration, as rugby union's crisis goes on. The decision means that 167 employees of Wasps Holdings Limited have been made redundant.
The West Midlands-based club confirmed the news in a statement, which read: "Wasps Holdings Limited (the “Company”) was placed into Administration on 17 October 2022 and immediately ceased to trade.
