Guinness Premiership
Wasps dismiss financial fears
April 22, 2010
Wasps wing Tom Varndell is congratulated after scoring a try against Gloucester, London Wasps v Gloucester, European Challenge Cup, Adams Park, High Wycombe, England, April 11
Wasps' season is building to a crescendo © Getty Images

Guinness Premiership heavyweights Wasps have dismissed reports that they have been threatened with a winding-up order over an unpaid tax bill.

The Independent newspaper reported that the club had unpaid debts of over £1m and that club officials were discussing ways of clearing the debt as quickly as possible with HM Revenue and Customs (HMRC).

Owner Steve Hayes has moved to quell fears however, insisting that there is an agreement in place between the club and HMRC. Wasps will face Bath at Twickenham on Saturday in their St George's Day game and are set to draw 60,000 fans to the home of English rugby.

"We remain very confident in the future of London Wasps both on and off the pitch," he said. "There is no winding up petition and I am surprised by these reports given we already have an agreement in place with HMRC.

"We have enjoyed great form recently and look forward to a hugely exciting St George's Day fixture at Twickenham on Saturday. The short and long term prospects at the Club, including development of a new stadium, are very exciting and show the good health of London Wasps."

Premier Rugby, the umbrella organisation for the Premiership clubs, has been kept informed of the situation and is confident that there are no problems at Wasos.

"We are in regular touch with all club and we know there isn't a problem at Wasps. It has been sorted out," a spokesman said.

In March, Cardiff Rugby Football Club Ltd, the umbrella organisation responsible for the Cardiff Blues Magners League franchise and the Cardiff Principality Premiership side, was named on a winding-up list but were able to dismiss fears for their future.


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