Wasps buy more time as talks with investors ‘at relatively advanced stage’

Wasps are facing a desperate fight for survival (Zac Goodwin/PA)

Wasps have bought more time in their bid to lift the financially stricken club out of crisis by filing a second notice of intention to appoint administrators.

A statement issued by Wasps Holdings Limited revealed that talks are at “a relatively advanced stage” with possible investors in the face of a winding up order from HM Revenue and Customs for £2million in unpaid tax.