Irish own Hazelwood, their training centre, in Sunbury.
According to the LI board, there would be major issues around planning permission on that site (no idea what that would be)
secondly, no idea whether LI actually own it, or Like the EPIC, is it owned by A.n.Other related company?
Thirdly, I would expect there would be a much easier way for the "American Investors" to acquire a plot of land for development than go through the hassle of buying a distressed rugby club, then folding it & building luxury housing.
According to the LI board, again, most of their debts are to the current owner. If he is prepared to write those off, I don't think LI would be in that bad a shape, they "just" need new owners who can inject enough capital to pay the bills and keep the club afloat.