the Wasps still hope to avoid filing for bankruptcy

The request filed in court for the appointment of a director serves to “protect the interests” of the club by opening “a crucial breathing space to continue negotiations with a number of interlocutors to secure the long-term future of the club. group,” the Wasps wrote in a statement.

“These negotiations have been going on for some time, are at an advanced stage and we are confident that we can reach an agreement,” added the Coventry-based club.

A dialogue with the English Federation

On Wednesday, The Times wrote that the club had defaulted on the repayment of a bond loan of 40 million euros, scheduled for last May.

The placement of a club in administration normally results in its administrative relegation, unless the club allows the deterioration of its financial situation not to be its fault, had underlined the Times.

The English Rugby Federation (RFU) indicated, for its part, that it was “engaged in a dialogue with the Wasps” and that it “is working with them to understand their actions, their plan to ensure the sustainability (of the club) and what what are the next steps?

Six-time English champions and double European champions, even if it goes back fifteen years, the Wasps join the Worcester Warriors on the list of English clubs in great financial difficulty.

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