Wasps have been given a lifeline of just 10 days to halt going into administration.
Wasps Holdings Limited have filed a second notice of intention to appoint administrators but are hopeful a “number of potential investors and funders” can save their future.
The club face a winding-up order from HMRC over a £2million unpaid tax bill and are also struggling to repay the £35m bond behind their relocation to Coventry.
The game against Northampton on Sunday is set to go ahead as planned but, if new investment is not found in the next week and a half, they face going into administration and dropping out of the Premiership.
A statement from Wasps Holdings Limited said: “Since filing the original notice of intention on September 21, a number of additional potential investors and funders have come forward.
“Discussions are now at a relatively advanced stage and we remain hopeful of securing a deal that will allow the group and the entities that sit within it to move forward.
“We would like to thank our stakeholders for their engagement during this process and, in particular, the constructive support and approach provided by the RFU and PRL (Premiership Rugby).
“This will continue to be vitally important as negotiations with interested parties proceed and we remain in regular dialogue with both organisations.
“While the financial circumstances facing the group are extremely challenging, we remain optimistic about a positive outcome and will keep our players, staff, supporters, partners, bond holders and suppliers updated as this process moves forward.”
