Wasps and Worcester's 'P shares' seized by Premiership rivals
The TelegraphWasps and Worcester’s Premiership rivals are to seize the clubs’ ‘P shares’ following confirmation of their relegation to the Championship next season. Premiership Rugby said the stricken sides’ administrators and prospective new owners had been informed of the 11 remaining top-flight teams’ intent to strip them of the shares worth £9.8 million apiece. Premiership Rugby chief executive Simon Massie-Taylor told the Telegraph Sport: “We can confirm it’s our clubs’ intent to buy the P share and they do so knowing that Wasps and Worcester are going to be in the Championship next season. “Both clubs’ prospective purchasers have also produced three-to-five-year plans which are not contingent on the P share.” The near-£20 million cost of buying the P shares will be used to pay off Government loans given to Wasps and Worcester during the coronavirus crisis.
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