Wasps must begin rebuilding from the bottom of the league pyramid after the Rugby Football Union revoked their licence to play in next season’s Championship.
Hopes that new owners HALO22 Limited could relaunch Wasps in the second tier have been dashed due to their failure to meet an RFU deadline for proving the club could still operate at the required level.
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Among the commitments that have not been kept are the provision of evidence that creditors have been paid and the creation of a suitable governance structure.
The RFU has also been told by Wasps that they are unable to recruit staff or players until additional finance has been secured and cannot recommit to playing in the Championship.
