The RFU imposed a deadline of the end of the month for London Irish to complete a takeover or risk suspension; the Gallagher Premiership club, whose current owners are in £30m debt, have been in protracted talks with an American consortium
Last Updated: 30/05/23 9:01am
The RFU are set to confirm today whether a takeover of London Irish can proceed, amid fears the club will go into administration.
The Exiles have been in protracted talks with an American consortium over a takeover and earlier this month were given a deadline of May 30 by the RFU for one of two conditions to be met.
English rugby union’s governing body stipulated either the takeover must be completed and approved, with the buyers undertaking to provide all required working capital to meet the club’s obligations as they fall due for at least the 2023/24 season, or the club produced evidence it will continue to be funded and operate throughout next season.
The RFU added failure to meet either of those conditions before the deadline would result in London Irish being suspended from the Premiership and other competitions, which could see them relegated to the Championship.
It is understood that, as of Friday before the Bank Holiday weekend, no proof of funds from the US consortium had emerged, making it increasingly likely that Irish will be suspended from the Premiership in a meeting later on Tuesday.
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London Irish cap …