It would have to be sanctioned.
Problem is Wasps need a competition. There are only two mooted options- Prem 1/2 and URC.
Prem 2 will be hard to launch in an acceptable way- and by acceptable I mean fair.
I am not paying a penny to Wasps- or any other championship club- if they are there to make up numbers in a second tier given a nominal 250K playing budget or whatever with no hope of promotion or instant relegation if they do because the clubs above have 5m + bugets- not a penny- because such a competition is not a competition at all- it is a farce. For prem 2 to work clubs in prem 1- Bath, Tigers, Sarries et al need to accept that they WILL be relegated for finishing bottom- automatically. Now I cannot see those clubs agreeing to that in these trying times.
The main issue is those remaining clubs need to be funded at not much more than the ones below if it is genuinely going to be "prem 2"- I cannot see any of them agreeing to a cap drop save a couple. Sarries also need to stop cheating whatever cap is in place, but that is neither here nor there. The issue is the number of clubs in prem 2. two x 10 clubs- who on earth are the others who can afford big budgets? Where are the fans to support them? Even if the 3 dead clubs return, if Jersey mysteriously resurrect- and we add 2-3 ambitious others such as Pirates or Ealing, that is still short of 20. I would say you would be lucky to ever see two lots of 8- and that would mean two prem 1 clubs dropping. Ten in the top tier and six in the second won't work either.
Let us be clear- all the prem clubs will reflect what is in the best interests of prem clubs- which is to rebrand tier 2, hope to get more money from the rebrand, and use those prem clubs as feeder clubs. Nobody can convince me that the remaining prem clubs have any interest in anything other than themselves- that is how all clubs are. If that is all that is on offer, I would genuinely rather Wasps didn't exist as a pro outfit than simply be a feeder club those remaining prem clubs whilst being perpetually stuck in tier 2. If it is not, and there is going to be a genuine prem 2 well funded, then that is different- but I have to ask does anyone here think that will be offered? I don't believe the RFU has lots of funding for prem 2.
If it is a choice between farcical prem 2, and any other competition I will take any other competition even if that means the competition is routinely european, with only 3 accessible away games by car for home supporters local to Kent, and we only play English clubs in Europe. That is obviously not ideal. If we are offered a genuine prem 2, then that is clearly preferable, but ask yourself which of Bath, Tigers, Sarries, Saints, Quins, Sale, Newcastle, Chiefs, Glaws, and Bris is going to voluntarily sign up to a league where they could be automatically relegated?