Regarding the "Act of God" clause re relegation and going into administration, does anyone have background on how the relevant accounts were pre Covid such that Wasps Holdings Ltd could demonstrate their business assumptions were as much on track as they predicted?
That is for Wasps to argue with the PRL, and indeed they may have already done so. One thing is for certain. As soon as they are officially in Administration, and with their website down I suspect they are, and as such all Social Media accounts ought to now also be locked, as well as any booking sites, shop, etc. We will not know anything until the Administrator says something, or someone with access to the Court can confirm an order has been made.
The administrator's first duty is to secure assets, publish their appointment (in the London Gazette) and then call a creditor's meeting, which is usually advertised in a local paper. Only 7 Administrations are so far listed for today in the London Gazette, not for Wasps.