Wasps file a notice of intention to appoint administrators | Rugby Union News

News Story

“Wasps Holdings Limited, the ultimate holding company of the group including Wasps Rugby Football Club and Arena Coventry Limited, have taken the difficult decision to file a notice of intention to appoint administrators in order to protect its interests,” a statement said.

Last Updated: 21/09/22 8:24pm

Wasps Holdings Limited are the ultimate holding company of the group including Wasps Rugby Football Club and Arena Coventry Limited

Wasps Holdings Limited are the ultimate holding company of the group including Wasps Rugby Football Club and Arena Coventry Limited

Wasps Holdings Limited have filed a ‘notice of intention’ to appoint administrators in order to protect the interests of the group, which includes Wasps Rugby Football Club and Arena Coventry Limited.

In a statement shared with Sky Sports, Wasps Holdings Limited said the measure provides a period for negotiations to continue to take place with interested parties who could secure its future.

“Due to the impending threat of action from HMRC, Wasps Holdings Limited, the ultimate holding company of the group including Wasps Rugby Football Club and Arena Coventry Limited, have taken the difficult decision to file a notice of intention to appoint administrators in order to protect its interests,” the statement said.

“This measure does not mean the business is in administration but provides a crucial period of grace to continue negotiations with a number of interested parties to secure the long-term future of the group.

“These negotiations have been going on for some time, are in advanced stages and we are hopeful of securing a deal.

“In the meantime, the day-to-day operations of the business are unaffected, and we will continue to support our players, staff, supporters, bond holders and suppliers, and keep them fully updated during what we appreciate will be an unsettling time.”

Leave a Reply