Wasps: Offer to buy Premiership club accepted by joint administrators

According to the administrators, they have accepted an offer to buy the club.

The offer is only for the men's rugby team and the academy.

The six-time champion was suspended and demoted from the league.

Andrew said that the deal would allow the rugby club to live on.

The consortium knows it still has to meet all of the RFU requirements, including the fit and proper owners' test and presentation of a three to five-year business plan.

To be in a position to play next season, this needs to be done asap.

The RFU and the Rugby Players' Association will be involved in the compliance of the bid.

The prospective buyers intend to build a squad capable of competing at the top level next season despite the fact that they have been demoted.

There are separate discussions about the future of the women's rugby team and the future of the women's basketball team.

The club was the second to be suspended from the league this season.