Wasps, who were based in High Wycombe and latterly Coventry before their demise, aim to restart the club in the south east, with a focus on returning close to their traditional home in Kent or Greater London.

Holland has told the BBC they "have been working closely with stakeholders to ensure a smooth and successful transition to our new home".

Wasps are also looking for a new competition to return to the women's game. They completed the 2022-2023 campaign in the top-tier Premiership Women's Rugby before stepping out of the elite.

Holland also owns Worcester Warriors, who are set to submit their own bid for a place in the men's Championship, while the prospective owner of London Irish - the third top-flight club to go out of business in the 2022-2023 campaign - says he has also entered the club into the process.

The possibility of promotion to the top-tier Premiership from the Championship returns this season, with the Championship winners set to take on the Premiership's bottom club in a two-legged play-off, provided they meet various entry criteria.