Another big question mark over this would be Ealing's financial viability.
Mike Gooley (aka Trailfinders), the owner, is worth around £400M. He is quoted as saying that he would invest whatever is needed, to secure a place for Ealing at the top table.
But Trailfinders cannot possibly be worth that kind of money in the present environment. He may have been worth £400m at the start of this year when we were all still merrily booking our holidays, but that valuation has probably dropped off a cliff in the past 8 months. Hardly solid foundations for a Premiership rugby club. I have a soft spot for Ealing as I lived there for many years, at one time just a stone's throw from the Trailfinders sports ground. I would hate to see them bite off more that they can chew and a wealthy owner's ego and ambition see them go the way of London Welsh. I may be doing Gooley a disservice, but professional rugby clubs are loss making businesses, as are most travel firms at the moment. Not a good position to be in.
Looking at Companies House, Trailfinders seems to be another web of companies. It seems he has 75% or more stock of 1 company.. via another company. I'm guessing his "worth" is valued by his 75% at a given time of trading (18 - 24 months ago). Like you say.. what's that worth now? Do travel companies own assets?
Changing the subject slightly.. their offices are in Earls Court. My first skiing holiday started there.. 1989. We (loosely connected friends from uni . . well it was a poly back then) took a coach from Earls Court to Andorra.. only 30 hrs or something (
) . I have a feeling it was Trailfinders.
Having promised myself I'd never do the same thing again.. glutton for punishment... I did, but closer that next time.. Trois Vallees in the Alps.
Back to rugby - to ringfence the EPL I don't see the need for 14 clubs (possibly bankrupting Ealing).. stick to 13 and 1 club has 1 week-end off every round?