The RFU has imposed a deadline of the end of this month for London Irish to complete a takeover or risk suspension; the Gallagher Premiership club have been in protracted talks with an American consortium, who have so far failed to provide proof of funds to complete the purchase
Last Updated: 15/05/23 8:03pm
London Irish have been given a deadline to complete a potential takeover
London Irish have been given a deadline of May 30 by the RFU for a takeover of the Gallagher Premiership club to be completed.
The Exiles have been in protracted talks with an American consortium over a takeover, but that deal has yet to be finalised.
Seeking assurances that the club will be in a position to take its place in the Premiership for 2023/24 – and will be able to complete that season – the RFU wants one of the following resolutions by their May 30 deadline:
A takeover of the club has been completed and approved by the RFU, with the buyers undertaking to provide all required working capital to meet the club’s obligations as they fall due for at least season 2023/24; or
The club evidences that it will continue to be funded to operate throughout the 2023/24 season.
The RFU added in a statement: “If the club fails to meet these conditions, it will be suspended from participating in the Premiership (and other competitions) in season 2023/24 to avoid a scenar …