Wasps rugby

Bill Sweeney believes even the once "nuclear" option of central contracts for England players will be discussed to solve club rugby's financial crisis. The ...

So is there a different way that we can work with PRL and the clubs to mitigate the expense they are facing on that side of things and have a better structure in place? But it's a chance now to address ideas that have been knocking about for some time. And this is a fresher set of eyes that are looking at it. The Rugby Football Union chief executive revealed central contracts and two-tier deals will be floated as part of wide-ranging plans to reshape the sport in England. The RFU and PRL are already in talks on a new Professional Game Agreement (PGA), despite current terms not expiring until June 2024. But there are certain phrases that are like nuclear buttons, and the phrase 'central contracts' tends to have that nuclear effect. But with clubs racked with debt and benefactor owners adding the league's main ballast, Sweeney wants radical changes to bring about self-sufficiency. That allows his team-mate to come in and put pressure on to get the turnover. Henry Slade has been left out of England's squad for the Autumn Nations Series in a surprise omission by Eddie Jones. Prop Kyle Sinckler is also back having sat out the 2-1 series victory over the Wallabies because of a back issue. When asked if central contracts could be an option to alleviate financial burden on cash-strapped clubs, Sweeney replied: "I think everything's on the table to be discussed. The company has ceased trading with immediate effect.

The entire Wasps playing squad and coaching staff are among 167 redundancies that were made on Monday when the club was placed in administration.

However, we remain in ongoing discussions with interested parties and are confident that a deal will be secured that will allow Wasps to continue.” The stadium is unaffected by the administration and will continue to trade as normal. We need a strategic governance that allows the CEO of Premiership Rugby to make decisions." "A bit like the NFL and NBA we'd have a commissioner, I think that would be essential, so decisions can be made for the greater good because for an amazing institution like Wasps with some really great, talented people here, to not be able to continue when there are people who want to invest but because of particular parts of governance and contracts don't allow that to happen, that's pretty difficult to deal with. Vaughan, speaking to Sky Sports, called for the Premiership to run by a commissioner moving forward. Former chief executive Stephen Vaughan described the current structure with key decisions made by club owners as "just not right" while Wasps head coach Lee Blackett described the turn of events as "sickening".

Almost 170 jobs have been lost following the confirmation of administrators being appointed to Premiership rugby club Wasps.

Of course, time remains of the essence, and we will be doing everything in our power to progress discussions with interested parties as quickly as possible, while fulfilling our statutory duties as administrators. However, we remain in ongoing discussions with interested parties and are confident that a deal will be secured that will allow Wasps to continue. "Our immediate focus is on supporting those who have lost their jobs this morning.

The entire Wasps squad have lost their jobs after the club was put into administration with relegation expected to follow. Players were left in tears as ...

Of course, time remains of the essence, and we will be doing everything in our power to progress discussions with interested parties as quickly as possible, while fulfilling our statutory duties as administrators.” Plans are afoot to redraw the domestic structure of English rugby for the 2024-25 campaign with support growing for a 10-team top flight but how next season shapes up is still unclear with both Wasps and Worcester dropping out. However, we remain in ongoing discussions with interested parties and are confident that a deal will be secured that will allow Wasps to continue. In the short-term, players and coaches are now faced with scrambling around for new clubs. The Wasps chief executive, Stephen Vaughan, said dialogue was ongoing with the RFU but conceded, “we probably understand that we have to come back in the Championship.” Wasps had bought themselves time by twice filing notice of intention to appoint administrators and while there have been interested parties in a takeover, including a consortium led by the former chief executive, David Armstrong, time has ultimately run out.

Wasps Holdings Limited is the trading company for Wasps men's and women's rugby teams, and Wasps netball. The company has now ceased trading, with Andrew ...

"The mismanagement has been poor and I think Stephen alluded to it, it has caught up with them. It's quite a tearful day for everyone associated with the club." "We've been in dialogue with the RFU and PRL with regards to relegation. "It's a tough day for the club. It's not a red herring, but is something that makes the club much more attractive for an investor to come in. "But yes we are in dialogue with them now to see what we can possibly do. However, we remain in ongoing discussions with interested parties and are confident that a deal will be secured that will allow Wasps to continue. "It's a process that was going down and we were always hopeful for positive news. You realise it's not just the players and staff here, there's massive families behind them and my thoughts are with everyone. "Regrettably, upon appointment the joint administrators were required to make 167 employees redundant, including all members of the playing squads and coaching staff. The company has ceased trading with immediate effect," a statement read. The company has now ceased trading, with Andrew Sheridan and Rajnesh Mittal of FRP appointed as administrators.

Wasps games have been cancelled but Coventry City Football Club look set to play on at the Coventry Building Society Arena.

“We would like to thank the RFU and PRL for their support to date and we continue to engage closely with them as negotiations with interested parties continue. Of course, time remains of the essence, and we will be doing everything in our power to progress discussions with interested parties as quickly as possible, while fulfilling our statutory duties as administrators. However, we remain in ongoing discussions with interested parties and are confident that a deal will be secured that will allow Wasps to continue. The administration of Wasps does not impact: Regrettably, upon appointment the Joint Administrators were required to make 167 employees redundant, including all members of the playing squads and coaching staff. The company has ceased trading with immediate effect.

The crisis in Premiership rugby worsened on Monday afternoon as Wasps, who had been suspended from the league last week after warning of imminent ...

The RFU now have a major task on their hands to prevent the crisis worsening further and seeing other clubs dragged to the same fate. 'And one of the things that's held us back in England is the overlap between the international game and the club game. The league now finds itself on uncertain ground with the collapse of two of its biggest clubs in a matter of weeks.

Wasps make 167 redundancies - including their entire playing staff - as they follow Worcester Warriors into administration.

"We've seen everything that has happened at Worcester - and we always hoped for positive news but this is the reality of it. - 11 Oct 2022 - [Wasps file notice to the High Court in London](https://www.bbc.co.uk/sport/rugby-union/62986407)that they intend to appoint administrators to "protect the club's interests". - 4 Oct 2022 - "You think that a club of this size that something like this can't happen, but unfortunately it has. - 21 Sept 2022 - "Our immediate focus is on supporting those who have lost their jobs this morning. - June 2022 - - 5 Sept 2022 - "A lot of people are really down," Blackett told BBC CWR. [Wasps move to Coventry](https://www.bbc.co.uk/sport/rugby-union/30501550), taking over as Ricoh Arena landlords, with the help of a loan from Coventry City Council. [Rumours first circulate](https://www.bbc.co.uk/sport/rugby-union/29352876)that Wasps might leave High Wycombe for Coventry - just as Coventry City return to the Ricoh Arena after 14 months in exile in Northampton following a rent row.

Wasps have followed Worcester into administration and with their players being made redundant, the Coventry Building Society Arena likely to soon have a new ...

In years to come business schools will write case studies about the Wasps project and students will speculate about the club’s attitude to risk and debt. But ultimately it seems it was the reputational damage this did rather than the debt itself which finished Wasps off. Since this body also regulates the UK’s banks getting a sizeable loan with which to kick the debt can further down the road suddenly became a very difficult proposition for Wasps. With hindsight Wasps had taken a calculated decision to throw money at marketing, community engagement and the development of the wider brand in an attempt to rapidly drive up revenue but it was very high risk because of the levels of cost involved. Haskell and Young were both to leave the club within the next two years. Their trading losses were briefly halted by CVC’s £200 million 2018 investment in PRL which generated each of the 13 shareholder clubs a sizeable windfall. The first obvious sign of problems came when Richardson went back on promises made to players and staff regarding the provision of world-class training facilities. In Dai’s own words he moved from shopping in Aldi to pushing a trolley round Marks & Spencer, and as the salary cap threshold rose Wasps spent to the maximum permissible level. A more cautious approach would have seen the merger done on a graduated basis, aiming to rationalise along the way and control costs, but there was nothing during my time working for the club to suggest this was ever considered. I remember Dai saying that the operating costs were pretty low in the Acton days – he had few expensive names in his squad and the club got by with a minimalist approach to support staff and facilities. With the assistance of newly-appointed Chief Exec David Armstrong Wasps came upon the idea of a bond issue – an innovative alternative to conventional bank borrowing. This quickly generated the club £35 million which allowed them to purchase the Ricoh Arena and for Richardson to temporarily clear his personal loan account.

'Dark day': English rugby in crisis as second club goes bankrupt, 167 players and staff sacked.

Hopefully the club finds new investment and can bounce back asap.” Thoughts with every player, member of staff and fan at the minute. A club I loved my time with on and off the field.

James Haskell believes the financial problems which have forced Wasps and Worcester Warriors into administration are indicative of a wider issue facing ...

"It's a huge organisation, a club as big as Wasps, and obviously Worcester previous to that. "It's awful, but I think it's quite indicative of the way rugby is going. "It's devastating," Haskell told Sky Sports News. "I think the traditions of rugby are great, but at the top level, to make it sustainable, we need to make it an entertainment business, we need to build up superstars, we need a franchise model, everything has got to be centrally managed and the right people in the right places. 167 players, staff made redundant](https://www.skysports.com/rugby-union/news/12321/12722978/wasps-gallagher-premiership-club-placed-into-administration) [Premiership Rugby's ongoing crisis: Why are clubs struggling?](https://www.skysports.com/rugby-union/news/12321/12718790/premiership-rugbys-ongoing-crisis-why-are-clubs-like-wasps-and-worcester-warriors-struggling) [Greenwood: Wasps, Worcester crisis 'worrying' 'We thought they'd be immune'](https://www.skysports.com/rugby-union/news/12321/12719501/will-greenwood-wasps-worcester-crisis-enormously-worrying-calls-for-premiership-rugby-and-rfu-to-find-connected-solution)

An emotional James Haskell has been reacting to the news that his former club Wasps have entered administration. Yesterday, the club made 167 players and ...

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On Monday, Wasps made 167 players and staff redundant after becoming the Premiership's second club to go into administration this season, after Worcester ...

[England](https://www.mirror.co.uk/all-about/england-rugby-union-team), is now reportedly in talks with Harlequins over a potential move. Being made redundant today from an organisation that means so much to me and my family is impossible to take.," he said on Amongst them was second row Launchbury, who has made over 150 league appearances for the club since joining from Worthing in 2010. Thanks Wasps Rugby for letting me live my dream." [Joe Launchbury](https://www.mirror.co.uk/all-about/joe-launchbury) has admitted he will 'never get over' being made redundant by [Wasps](https://www.mirror.co.uk/all-about/wasps-rfc) after being at the club for over a decade. [Wasps entered administration](https://www.mirror.co.uk/sport/rugby-union/breaking-wasps-administration-premiership-crisis-28259765), meaning they join [Worcester Warriors](https://www.mirror.co.uk/all-about/worcester-warriors) in being relegated.

Wasps CEO Stephen Vaughan has called for an overhaul in the way Premiership Rugby are allowed to run the English top flight.

Vaughan also shed light on the difficult conversation he had to have with the Wasps players and staff on Monday, telling them in person that the club had financially gone to the wall. A bit like the NFL and the NBA, who have a commissioner, that would be essential so decisions can be made for the greater good. A massive sadness from all of us and I certainly didn’t want to be having this conversation with anybody, but the past had caught up with us. The call comes after “Currently the way it is set up – and it is no fault of Premiership Rugby – it is set up where the owners of all of the clubs are able to make decisions on all of the other clubs and that is just not right. “It’s Wasps today, Worcester a couple of weeks ago and there will be other clubs in the future and we need strategic governance that allows the CEO of Premiership Rugby to make decisions.”

Danny Cipriani, Andy Goode and Jimmy Gopperth have shared their thoughts after Wasps went into administration.

Mark Brown, father of academy lock Fyn Brown: “Well we start again Son x All you ever wanted to do was put that shirt on and play for the club you love and been with from 12. Seismic development that simply must be a catalyst for the financial/structural overhaul of @premrugby” Tom Varndell: “Thoughts go out to all the players and staff who are dealing with the @WaspsRugby news. I’m truly gutted for everyone at the club #onceawaspalwaysawasp” The breakup of a family that meant so much to the whole Wasps community. A club I loved my time with on and off the field.

Former England and Wasps captain Lawrence Dallaglio has warned English rugby faces further drastic upheaval unless the RFU and Premiership Rugby come ...

The RFU and Premiership Rugby have acknowledged the need to set a more sustainable path for club rugby. We will be pressing them to ensure they are putting the foundations in place to guarantee the health of the sport from the top level right down to the grassroots.” Dallaglio said he was heartbroken at the news of Wasps’ fate and the players and staff affected. Jones said: “He’s got to get on with it. For me, the relationship between the RFU and PRL has to become a much stronger one. Good players get on with it.

Dallaglio won a total of 85 caps for England – 22 as captain – World Cup winners medals in both Sevens and fifteens, and was selected for three British Lions ...

- 14. - 15. “There were a lot of tears.

Rassie Erasmus and Jacques Nienaber have shared their thoughts on Springboks tighthead Vincent Koch being made redundant by Wasps.

He will probably be like our Japanese players in this break between The Rugby Championship and us going on the end-of-year tour. Lee Blackett said at the time that [the forward would be available to debut in that Sunday’s Premiership game at home to Northampton](https://www.rugbypass.com/news/wasps-explain-barbeary-op-logic-give-verdict-on-kochs-first-week/) but illness scuppered that plan and the club has since folded without Koch managing to make an appearance. That 32-year-old was one of the highest-profile movers in the Gallager Premiership off-season, switching from [Saracens](https://www.rugbypass.com/teams/saracens/) to Wasps following the league’s squeeze on the salary cap. “Luckily Vincent is the only player on the radar,” said Erasmus in reaction to the sudden contraction of the Premiership from 13 to eleven clubs with the demise of Wasps and Worcester. “At Worcester, we don’t really have a player. It meant that Koch called time on his stellar six-season stint at Saracens in preference of a switch to the Coventry-based Wasps.

The administrator who told Wasps players they were being made redundant says it was tough to face men "bawling their eyes out".

And the chances are it will never be seen again because when it goes, it loses its 'P share', its right to participate at the top table of rugby. "I know how much they love the club. "I feel really, really sorry for everyone there. "There were a lot of tears. It's never going to be the same. You could see the emotion." But this has been my day-to-day job for 10 or 11 years, it's completely heartbreaking. "This is all family - and it's a family that has died. "Thankfully I have people out there looking out for me and looking for a job for me. "It's going to be a tough time for rugby." Wasps number eight Alfie Barbeary said "it's a bit of a scary time" as he looks for somewhere new to play - and tries to deal with how to pay the bills. "Obviously there's Worcester, the market's very liquid, full of players at the moment, so there's going to be a lot of boys struggling to find new clubs.