Wasps and Warriors in Crisis?

What is going on with Rugby?

More recent news in the Rugby Premiership is that Worcester are going through a financial crisis. Is this the start of a trend destined to hit more rugby clubs in Union and indeed League.

Due to the tough struggle of everyone in the last two years from the Covid-19 pandemic and the rise in the “cost of living” they have stated they had a large sum of tax liability to Her Majesty’s Revenue and Customs (HMRC).

It is believed that Worcester’s tax bill now stands at around £6 Million.

However, Colin Goldring, Co-Chairman of the Club, has stated to an email to his employers “Any articles that we are in administration, or going into administration tonight, tomorrow, next week etc are all untrue”.

There is a takeover offer to rescue the Club’s future with American partners, but they ‘must be placed into immediate administration’ and this would leave the Club to be set back a 35-point penalty.

Wasps are also struggling with debt. They were expected to start the Season in arrears as they failed to pay a £35 Million retail bond. Due to this crisis we have been informed 11 players are leaving the Club and £1 Million worth of talent has been lost.

Also, it’s been said that Wasps could risk being sued by Coventry City Football Club after they were forced to postpone two matches due to pitch being unplayable.

Article researched and compiled by Kaya Stores.