The chances of Wasps returning in the Championship next season grew significantly on Saturday following a statement from the clubs adminerstratrors.
They confirm late on Saturday night that a takeover offer had been accepted by a consortium which includes former players.
In a statement, they said: “The consortium knows that it still has to meet all of the RFU requirements, including the fit and proper owners test and the presentation of a 3-5 year business plan with supporting robust financial forecasts, and that this needs to completed as soon as is practical in order to be in a position to play next season.
However, this deal is a significant step forward, and one that we all hope will allow Wasps Rugby to live on.
“We have informed the RFU about this development and the consortium is fully aware of the rugby creditors rules as set out in Regulation 5 by the RFU.
"We understand that the consortium will seek to work with the RFU, the RPA and their members to reach a reasonable conclusion on those matters.”
Wasps Facts:
Founded in 1867 as Wasps Football Club, now a distinct amateur club, from 1923 to 1996 they were based at Repton Avenue in Sudbury, London
Wasps won 12 major titles. They were European Champions twice, in 2004 and 2007; have won six English Championships including three in a row from 2003–05; and won three Anglo-Welsh Cups
Lawrence Dallaglio was the clubs longest serving captain in history, leading the side from 1999 to 2008
From 1996 to 2002 Wasps played their home games at Queens Park Rangers’ home ground, Loftus Road, in West London
For the Club’s 90th birthday, the team enjoyed playing a rare full International XV at Twickenham
Wasps fans pick their all-time XV
Back-Three
15. Mark van Gisbergen
14. Christian Wade
11. Joe Lewsey
Wasps player Christian Wade during the Gallagher Premiership Match between Wasps and Leicester Tigers at the Ricoh Arena, Coventry on Sep 16 - PHOTO: Steve Bond/PPAUK
Centres
13. Fraser Waters
12. Jimmy Gopperth
Wasps player Jimmy Gopperth during the Gallagher Premiership Match between Wasps and Exeter Chiefs at the Coventry Building Society Arena, Coventry on October 16th - PHOTO: Steve Bond/PPAUK
Halfbacks
10. Danny Cipriani
9. Joe Simpson
London Wasps, Danny Cipriani and London Wasps, Josh Lewsey - Photo Mandatory by-line: Jan Kruger/Pinnacle - Tel: +44(0)1363 881025 - Mobile: 0797 1270 681 - 05/04/2009 - SPORT - RUGBY - GUINNESS PREMIERSHIP - WASPS V NEWCASTLE - Adams Park