The loss at their Adams Park home in Wycombe ensured Wasps wouldn't be able to repeat their Amlin Challenge Cup triumph of 2003 but a switch to a new stadium is intended to help them become regular challengers for the Heineken Cup crown they wore back in 2004 and 2007.
New owner Derek Richardson believes the club must move grounds in order to create a successful financial future for the club and he admits they are already looking at options as they target a return to the city of London in the near future.
"We feel it is vital that we own or co-own our own ground," said Richardson, who became the principal shareholder for Wasps last week.
"We are not interested in a ground share, which is prohibitive in terms of helping us to become self-sustainable.
"We are currently looking at sites and co-ownership options. Ideally, we believe that west London is a natural future home for London Wasps but we are exploring lots of options at a very initial stage at the moment.
"The club has been through some tough times but I am confident that, with the right management and commercial focus, new investment can really reinvigorate everything about London Wasps.
"Financial stability is our immediate focus and our aim is to become a self-sustainable business within a number of years.
"We are now looking at developing a longer-term business strategy with the ultimate aim of ensuring we achieve that goal."
Wasps have been tenants at League Two soccer side Wycombe Wanderers since 2002 having previously played professional rugby at Loftus Road, which is home to another football outfit in the shape of Queens Park Rangers.