Wasps have been suspended from the Premiership and Premiership Rugby Cup for the rest of the season, the RFU has confirmed.
The Coventry-based club will be relegated from the top tier and their results from this season expunged.
After the demise of Worcester Warriors last month, only 11 clubs will contest the rest of the Premiership season.
However, some good news has appeared tonight for Wasps fans with the club long-term future set to be rescued.
Times columnist Stephen Jones tweeted: “Joint administrators have agreed to sell to new group formed of Wasps Legends, ex-owners and others.
“It’s subject to contract and a green light from RFU but Wasps fans can plan ahead for next season.”
PREMIERSHIP CLUBS RANKED BY TOTAL DEBT:
#13. Exeter Chiefs – £13m
#12. Gloucester – £27m
#11. Northampton Saints £26.5m
#10. Worcester Warriors – £26.5m
