“We are aware that this decision will be a huge disappointment to the clubs and their fans, but the investigation into the financial viability of the clubs clearly shows that factors outside of Covid have led to the clubs becoming insolvent.said RFM chief executive Bill Sweeney, who rejected appeals from Wasps and Worcester over relegation to Division Two on Tuesday.
Both teams were relegated in October after accounting for unpaid debts. The leaders of the two clubs submitted a request to the financial authorities of the RFM.no-fault bankruptcy“Mentioning the main reason for the financial crisis of clubs is the Covid-19 epidemic.
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But according to the RFM committee responsible for the financial viability of clubs, Wasps presented “insufficient evidenceto prove that the club was not at fault, while Worcester’s business model seemed tois permanently financed by debt.»
Six national titles and two European titles for Wasps
Wasps and Worcester still have the right to appeal to an independent commission as the league has been reduced from 13 to 11 teams. RFM have reminded the December 12 deadline for each team to sell if they want to compete in the Championship (Second Division) next season.
A monument to English rugby with six national titles and two European crowns, Vaspers announced at the end of October that they had accepted an offer from a consortium made up of, among others, former club players.
Source: Le Figaro
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