Worcester too have been refused permission to relaunch in the Championship following a dispute between new owners Atlas and the RFU. Wasps' demotion to Counties 4 Midlands West adds to the financial turmoil that has engulfed English rugby this season.

'Our requests were refused on both occasions.Indeed, the recent revelations around the possible ring-fencing of the Premiership for three to five years to protect it has further weakened our investment position.' 'On two occasions we asked the RFU for an extension of time to secure funding and to satisfy the rugby creditors. 'The lack of clarity on the league structure and concerns over promotion have caused the investor group to remain silent and fatigued,' Wasps said in a statement. Also, if you want to play with your file permissions, you should right-click it, choose Properties and select Security tab. Since youre using Windows, you should read a little more about File and Folder Permissions. Wasps said their plans to revive the club in the Championship were effectively ended by doubts over the future structure of the league, with reports the Premiership is set to be turned into a ring-fenced, 10-team division. Your user dont have the right permissions to read the file, since you used open () without specifying a mode. 'We are also working together at pace to ensure the game emerges from this challenging time on a strong and sound financial footing.' 'Investors fatigued' He added: 'The RFU is working closely in partnership with Premiership Rugby and the Rugby Players' Association to ensure players are supported. 'We have worked with the new owners for the past six months to try to ensure that a robust plan could be put in place for the club to continue to play in the Championship while players and staff could receive monies owed to them.' 'This is not the outcome anyone in rugby wanted and all those involved with the club will be deeply disappointed,' said RFU chief executive Bill Sweeney in a statement.

Wasps also told the RFU they were unable to recruit staff or players until additional finance has been secured and so could not recommit to playing in the Championship. Officials cited a lack of evidence that creditors have been paid and doubts over the establishment of a suitable governance structure as reasons for their decision. Wasps, however, have now been sent tumbling to the tenth tier of English rugby after failing to meet an RFU deadline for providing proof the club could still operate. Wasps' debts totalled some £95 million ($118 million, 109 million euros), with the now homeless former English and European champions taking out a £35 million bond to help finance their relocation from London to the Midlands city of Coventry in 2014.Įngland's governing Rugby Football Union gave Wasps' new owners, HALO22 Limited, permission to play in the Championship provided they met certain conditions. Both Wasps and Worcester were dramatically expelled from this season's top-flight Premiership, reducing the league from 13 teams to 11, after entering administration in October.

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