• Fallen giants seal Swanley site on a 10-year option
• Owner Holland hails ‘milestone’ in recovery plan

Wasps are on track to relaunch in the south east after securing land in Kent as a site to build their new stadium. The former Premiership giants went into administration with debts of more than £95 million two years ago but last month applied for entry into the new Tier 2 competition, which will replace the Championship in 2024-25.

By acquiring the site in Swanley on a 10-year option, Wasps are hoping to attract interest in a rugby heartland that does not have a Premiership team. The twice European champions’ ultimate aim is to return to the top flight.