Jonny Bell says it is "worrying for the game of rugby" after Wasps joined his former club Worcester Warriors in becoming the second Premiership club to go into administration.
Players and staff have been left without a job as both clubs were hit with season-long bans and relegation from the top flight of English rugby.
Bell, who only left Worcester in the summer to return to Ulster as defence coach, called for more regulation to prevent other clubs suffering a similar fate.
