Wasps rugby club has said it is likely to 'enter administration in the coming days'.
Wasps rugby club has said it is likely to"enter administration in the coming days".Wasps, who lost to Northampton Saints in a Gallagher English Premiership match on Sunday, have been pushed to the brink of financial ruin by a debt pile which includes an unpaid tax bill owed to HM Revenue & Customs.
The club's parent company, Wasps Holdings, filed a notice of intention to appoint FRP Advisory, a restructuring firm, as administrator on 21 September. This was followed by a second such notice last week. They gave the club ten days of breathing space from creditors as it sought to find a way through its financial troubles.
Sky News revealed at the weekend that David Armstrong, a former Wasps chief executive, was working with investment firm Terminum Capital on aExhibitions group NEC later lodged a bid for the Coventry Building Society Arena, the club's stadium, though City editor Mark Kleinman understood that
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