Wasps Holdings Limited – administration

Wasps Holdings Limited, a London-based rugby club, entered administration on 17 October, making it the second Premiership club to do so in less than a month. Arena Coventry Limited, which operates the Wasps-owned Coventry Building Society Arena and holds the Coventry City Council lease to operate the stadium, has filed a notice of intention to appoint administrators, giving it time to find further funding so that the stadium remains operational. Meanwhile, 167 Wasps players and staff have been made redundant, and the club has been suspended by the Premiership. Andrew Sheridan and Raj Mittal of FRP were appointed as Joint Administrators. Derek Arthur Richardson has two registered charges against the company, while U.S. Bank Trustees Limited and Canmango Limited each has one.