Former GP team boss buys former Premiership clubExiles collapsed with unpaid debts of around £30m
A consortium led by the former Formula One team owner Eddie Jordan has bought London Irish more than a year after the Premiership club was suspended from all rugby for being unable to pay its players.
The financial crisis forced the club to enter administration after the Rugby Football Union’s June 2023 suspension when Mick Crossan, who had owned the side since 2013, stated that plans to finalise a takeover from the American consortium NUE Equity had failed. The Exiles’ collapse with unpaid debts of around £30m followed in the wake of the demise of two other elite English clubs, Worcester and Wasps.
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