Wasps placed into administration as holding company ceases trading

ADMINISTRATION: Wasps have been placed in administration. Pic: David Davies/PA

Gallagher Premiership club Wasps have been placed into administration.

Wasps Holdings Limited is the holding company for Wasps men’s and women’s rugby teams, and Wasps netball. The company has ceased trading with immediate effect.

The administrators FRP said that 167 employees have been made redundant, including all members of the playing squads and coaching staff.

All Wasps’ playing and coaching staff have been made redundant (David Davies/PA)

Confirmation of the widely-expected move for Wasps Holdings Limited came in a statement from the administrators.

Wasps follow fellow Gallagher Premiership club Worcester into administration, with the league now operating as an 11-team competition.