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Author Topic: Latest on Irish from Chris Foy just now  (Read 18674 times)

baldpaul101

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Re: Latest on Irish from Chris Foy just now
« Reply #60 on: May 24, 2023, 01:58:26 PM »
Quote
If the rugby creditors get paid, Irish would be allowed to play in the Championship.

Surely they would also need to show clear management, finances & business plans etc etc?
Just paying rugby creditors won't be enough & there won't be time to get all that arranged to the RFU's satisfaction for the Champ to organise next season

NellyWellyWaspy

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Re: Latest on Irish from Chris Foy just now
« Reply #61 on: May 24, 2023, 03:52:08 PM »
Quote
If the rugby creditors get paid, Irish would be allowed to play in the Championship.

Surely they would also need to show clear management, finances & business plans etc etc?
Just paying rugby creditors won't be enough & there won't be time to get all that arranged to the RFU's satisfaction for the Champ to organise next season

The Championship requires far fewer resources and can be pro, semi pro or entirely amateur, yes? Ready for next season? Not a chance.

DGP Wasp

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Re: Latest on Irish from Chris Foy just now
« Reply #62 on: May 24, 2023, 05:05:11 PM »
If London Irish fail, will Newcastle be far behind.
And how will Exeter and other clubs who want just 10 Premiership teams feel about having just 8? 4 fewer home matches will have a big impact on their finances.

And then what will happen with TV rights? Not sure how long is left on the current BT deal, but until recently, BT had 22 weekends of regular premiership rugby per season, with plans for that to go up to 26 under the proposed 14 team league that was previously thought to be the solution to club rugby's financial woes. The new 10 team solution offers only 18, fewer still if more fall by the wayside, so I'm sure BT will be seeking to renegotiate pretty swiftly regardless of when the current deal runs out, since the terms of that deal have changed significantly, and they are no longer getting as much for their money.

Neils

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Re: Latest on Irish from Chris Foy just now
« Reply #63 on: May 24, 2023, 05:16:56 PM »
If London Irish fail, will Newcastle be far behind.
And how will Exeter and other clubs who want just 10 Premiership teams feel about having just 8? 4 fewer home matches will have a big impact on their finances.

And then what will happen with TV rights? Not sure how long is left on the current BT deal, but until recently, BT had 22 weekends of regular premiership rugby per season, with plans for that to go up to 26 under the proposed 14 team league that was previously thought to be the solution to club rugby's financial woes. The new 10 team solution offers only 18, fewer still if more fall by the wayside, so I'm sure BT will be seeking to renegotiate pretty swiftly regardless of when the current deal runs out, since the terms of that deal have changed significantly, and they are no longer getting as much for their money.

TNT from July. Don't think the Yanks take to reduced output too kindly.
« Last Edit: May 24, 2023, 05:59:02 PM by Neils »
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westwaleswasp

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Re: Latest on Irish from Chris Foy just now
« Reply #64 on: May 24, 2023, 05:28:07 PM »
I hope the new TV deal is much worse to reflect the fewer fans watching.

NellyWellyWaspy

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Re: Latest on Irish from Chris Foy just now
« Reply #65 on: May 24, 2023, 05:29:12 PM »
Or TNT drop the PRL coverage, as Eurosport doesn't have any Rugby Union coverage. The whole point of the merger was to offer more of the really popular sports under one umbrella, like more soccer. For them, the PRL would be too small to bother with.

Neils

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Re: Latest on Irish from Chris Foy just now
« Reply #66 on: May 24, 2023, 06:00:56 PM »
I did read that the current Sunset + Vine contract has been beaten by Gary Neville's company at half the price. So quality has to change.
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NellyWellyWaspy

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Re: Latest on Irish from Chris Foy just now
« Reply #67 on: May 24, 2023, 06:50:48 PM »
I did read that the current Sunset + Vine contract has been beaten by Gary Neville's company at half the price. So quality has to change.

Well, that must have upset Sunset + Vine. More than a million cheaper, for a season. Wow.

Maybe TNT are serious about rugby then?

Neils

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Re: Latest on Irish from Chris Foy just now
« Reply #68 on: May 24, 2023, 07:10:05 PM »
I did read that the current Sunset + Vine contract has been beaten by Gary Neville's company at half the price. So quality has to change.

Well, that must have upset Sunset + Vine. More than a million cheaper, for a season. Wow.

Maybe TNT are serious about rugby then?

From 2024/25 season
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Shugs

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Re: Latest on Irish from Chris Foy just now
« Reply #69 on: May 24, 2023, 08:11:41 PM »
I can?t see that Irish have a cat in hells chance. Their best option seems to be Crossan continuing to bankroll them but he doesn?t seem keen. If he doesn?t I don?t think the RFU could even turn round an analysis of their business case in time for the Championship.

andermt

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Re: Latest on Irish from Chris Foy just now
« Reply #70 on: May 25, 2023, 07:42:22 AM »
The last deal with BT sport was signed in Dec 2020 and was for 3 years, so the 21/22, 22/23, 23/24 seasons, so next year is the last, it was less than the previous contract dropping from ?40M/season to ?110M for 3, so not a huge drop (40 down to 36.66).
The interesting bit was the comment

Quote
Under the deal, the network will continue to air up to 80 live matches ? including 69 Premiership Rugby fixtures and 11 Premiership Rugby Cup ties ? until 2024.

With the old 13 team league over 24 weekends and the semi's and final that comes to 75 live games with 3 matches per weekend so the odd weekend with only 2 and the 69 was easy to reach.
However with a 10 team league and 18 weekends they will never reach that, 3 per weekend plus semi's and final is only 57.

I know the statement says 'upto' but that is a lot of lost live broadcast hours they would have to fill from elsewhere, which will cost them money to do so, so I wouldn't be surprised if there are discussions ongoing for the final year of the contract as Premiership rugby must be breaching the T&C's by reducing the number of weekends. Plus a Premiership match can't be replaced by a cup game as the standard and interest will be less.

Going into the following season, the contract won't be as highly paid, and with CVC taking their big cut, the payout to the teams will be a lot less. They can only have been getting a a million or so each per season anyway with the current contract. If the Rob Baxters etc think a smaller league will get them more money they are in for a shock.

Bloke in North Dorset

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Re: Latest on Irish from Chris Foy just now
« Reply #71 on: May 25, 2023, 07:48:05 AM »
To be fair to Baxter he was mostly talking about player welfare and the quality of matches. I suspect Rowe has a different view.
« Last Edit: May 26, 2023, 04:36:16 PM by Bloke in North Dorset »

Neils

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Re: Latest on Irish from Chris Foy just now
« Reply #72 on: May 26, 2023, 05:36:43 PM »

London Irish players told takeover is going ahead as deadline looms

Exclusive: Club staff told that deal with US buyer is progressing but with only four days until deadline no funds are in sight
By Charlie Morgan, Senior Rugby Writer 26 May 2023 ? 4:40pm


London Irish players have been assured that negotiations over a takeover deal remain active, but no funds have materialised with just four days until the Rugby Football Union?s deadline.

In an email to club staff from acting chief executive Adrian Alli, which has been seen by Telegraph Sport, it was said that current owner Mick Crossan has been working around the clock in order to ?progress? a deal with US buyers.

It is also understood that there is a meeting scheduled between the London Irish squad, the Rugby Players? Association and representatives from the RFU on Friday evening. Players and staff received their wages for April late, and only after Crossan stepped in to stump up the finances.

?The deal is still active, with Mick speaking to the US into the night and early hours of the morning to progress,? reads the email from Alli, which was sent just after 2pm on Friday.

?We have not received the funds as yet, nor confirmation of the funds, but have had email communication this morning to indicate that these are expected imminently and now have more details over the remitting bank.

?I have no detail as to the reason for the delay other than needing to go through certain approvals for fund release.?

Earlier this month, the RFU imposed a deadline of May 30 for the takeover to be completed or for the current ownership to show evidence that Irish could be funded through next season. Failure to do so could result in the club being suspended from participation in the Premiership and any other competitions.

Telegraph Sport has previously revealed that the head of the US consortium aiming to buy Irish is Alfred ?Chip? Sloan, a California-based lawyer and former sports agent.

Staff are due to be paid by Wednesday next week and leading players have already begun to put in place alternative options for next season in case the takeover deal does not go through.

The US consortium has remained shrouded in secrecy, with three former NBA basketball players, Julius Erving, Allen Iverson and Dikembe Mutombo, as well as Ray Lewis, a double Super Bowl winner with Baltimore Ravens in the NFL, said to be involved in its ?leadership group?.
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NellyWellyWaspy

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Re: Latest on Irish from Chris Foy just now
« Reply #73 on: May 26, 2023, 05:50:25 PM »
Remember, the deal has to go through, money has to arrive, and the RFU have to perform due diligence, in what remains as one working day.

We have heard it all before. Enid Blyton wrote more believable bedtime stories that I read to my daughter when she was young.

NellyWellyWaspy

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Re: Latest on Irish from Chris Foy just now
« Reply #74 on: May 26, 2023, 07:07:52 PM »
After that fluff piece, the Daily Fail breathe a sense of reality on things:

https://www.dailymail.co.uk/sport/rugbyunion/article-12129371/London-Irish-players-told-prepare-clubs-suspension-Premiership-week.html

London Irish players told to prepare for the cash-strapped club's suspension from the Premiership NEXT WEEK... which means they will have to seek employment elsewhere in latest blow to crisis club

By CHRIS FOY FOR MAILONLINE
PUBLISHED: 18:35, 26 May 2023 | UPDATED: 18:44, 26 May 2023

  • London Irish players have been told club could be suspended next week
  • If London Irish are suspended players will have to seek employment elsewhere
  • Owner Mick Crossan didn't attend a virtual meeting on Friday evening

London Irish players have been told to prepare for the club to be suspended from the Premiership next week, which will mean they have to seek employment elsewhere.

The demise of the Exiles now seems inevitable after the squad's virtual meeting on Friday evening with representatives from the RFU, Premiership Rugby and the players' union, the RPA. Mail Sport understands that current owner Mick Crossan was invited but did not participate - which does not suggest he is prepared to fund Irish through next season. And players were told that there is still no clarity in English rugby's corridors of power about their prospective new owners.

Going into a long weekend, ahead of Tuesday's deadline set by the RFU for a take-over or for Crossan to commit to fund the 2023-24 campaign, there has still been no proof of finance to be used by an American consortium to buy the debt-laden club. As was made clear to the Exiles squad, there is now no expectation at all that there will be an 11th-hour breakthrough or reprieve.

After several months of negotiations, the stark reality which was explained to Irish players is that the long-anticipated purchase of the club by a group including former American NFL and NBA stars has not progressed as had been hoped. This was even conceded in an internal email sent to staff by chief executive Adrian Alli, which has been seen by Mail Sport.

While he claimed that 'the deal is still active', he also admitted 'we have received no funds as yet, nor confirmation of funds' and added: 'I have no detail as to the reason for the delay'. Alli went on to state that Crossan wished to arrange a meeting with players and staff next week, but by then the most likely scenario is that it would be a meeting to confirm that the worst-case scenario has come to pass.

If Irish are suspended from competition by the RFU, it would represent another dismal development at the end of a season of turmoil in the domestic game. They would become the third club to be forced out of the Premiership in the space of eight months - following the collapse of Worcester and Wasps last autumn - despite a successful on-field campaign which saw Declan Kidney's side finish fifth in the table.

It would mean the top division being reduced to 10 teams; a streamlined model which has been coveted by many within the club game for some time. It would also mean the likes of England wing Henry Arundell, Red Rose centre Will Joseph and emerging World Cup candidate, flanker Tom Pearson, being among those forced to move on.

A host of clubs in France and in this country are poised to sign the leading Exiles, but some will struggle to secure new deals in a saturated market, at this time of year. It is a grim fate for players who performed admirably all season against a backdrop of turbulence behind the scenes, and regular concerns about whether wages would be paid - culminating in a late intervention by Crossan last month, to prevent players submitting breach-of-contract letters.
« Last Edit: May 26, 2023, 07:10:25 PM by NellyWellyWaspy »