Agreement Reached

There's some sunshine on the horizon with the news from the receiver that the offer from the Wasps' Legends to buy the men's team and the academy has been accepted. However, there are still hurdles to jump.

The official statement says: "The consortium knows it still has to meet all of the Rugby Football Union requirements, including the fit and proper owners' test and the presentation of a three to five-year business plan with supporting robust financial forecast.

"This needs to be completed as soon as is practical in order to be in a position to play next season."

"The bid is subject to contract and the consortium plan to liaise with both the RFU and the Rugby Players' Association to ensure compliance with creditors' rules."