Always a Wasp

Author Topic: Latest on Irish from Chris Foy just now  (Read 18548 times)

andermt

  • Hero Member
  • *****
  • Posts: 788
  • Wasps Rugby Fan
    • View Profile
Re: Latest on Irish from Chris Foy just now
« Reply #135 on: June 01, 2023, 11:55:35 AM »
Thanks for the link, it's not great from their owner.

From what I've read the fans were fully behind the owner, sounds like that has now been well and truly tarnished.

bigad82

  • Sr. Member
  • ****
  • Posts: 367
  • Wasps Rugby Fan
    • View Profile
Re: Latest on Irish from Chris Foy just now
« Reply #136 on: June 02, 2023, 06:03:01 PM »
Served a winding up order by the taxman.From The Times behind the paywall.
« Last Edit: June 02, 2023, 06:05:12 PM by bigad82 »

Neils

  • Hero Member
  • *****
  • Posts: 14744
  • Wasps Rugby Fan
    • View Profile
Re: Latest on Irish from Chris Foy just now
« Reply #137 on: June 02, 2023, 06:14:02 PM »
Can anyone cut and paste please.
Let me tell you something cucumber

NellyWellyWaspy

  • Hero Member
  • *****
  • Posts: 4037
  • Getting older a couple of minutes every day
    • View Profile
Re: Latest on Irish from Chris Foy just now
« Reply #138 on: June 02, 2023, 06:43:01 PM »
I can give you what the Torygraph said:

London Irish on the brink after being served winding up petition

London Irish have been served a winding up petition by HM Revenue and Customs as the financial crisis deepens for the stricken Premiership club.

Irish face being suspended from competition next Tuesday unless they can demonstrate that they can be funded through next season, either by the US consortium purportedly interested in buying them or by their existing ownership.

On Friday, a winding up petition from HMRC over unpaid tax added to that tension. London Irish Rugby Ground Limited, London Irish Holdings Limited and London Irish Scottish Richmond Limited have all been singled out.

All three of these companies count Adrian Alli, the club?s interim chief executive, and owner Mick Crossan as directors and list their respective addresses in Sunbury-On-Thames.

While not terminal to the business in itself, and different to a winding up order, the issue of these winding up petitions follow an ominous trend. Worcester Warriors went into administration last September after months of uncertainty over the payment of wages, which foreshadowed a winding up petition.

London Irish employees have only been paid half of their wages for May, having also had to wait to receive their salaries for April. The latter only arrived two days before the club?s final match of the Premiership season against Exeter Chiefs when Crossan stepped in to stump up the cash as players were about to hand in breach-of-contract letters.

The timing of the crisis is particularly brutal on players and staff because finding onward destinations will not be easy. Many teams, both in the Premiership across the French Top 14, are finished with their recruitment for next season and tied by salary cap constraints of their respective competitions.

Having granted a week-long extension at the request of Irish players and staff, the RFU has stressed that their June 6 deadline is final.

The article then goes on to review the new help the government is working on. Got to love the irony.

Shugs

  • Hero Member
  • *****
  • Posts: 4418
  • Wasps Rugby Fan
    • View Profile
Re: Latest on Irish from Chris Foy just now
« Reply #139 on: June 03, 2023, 12:36:54 PM »
This is only ending one way unfortunately. Surely with three disbanded squads wages will become depressed. Supply is starting to seriously outweigh demand.

Brandnewtorugby

  • Hero Member
  • *****
  • Posts: 1014
  • Wasps Rugby Fan
    • View Profile
Re: Latest on Irish from Chris Foy just now
« Reply #140 on: June 03, 2023, 12:44:37 PM »
If Irish go then that is just under a quarter of the league bust. At what point do other suppliers for remaining teams decide they want out or payment up front etc.

Neils

  • Hero Member
  • *****
  • Posts: 14744
  • Wasps Rugby Fan
    • View Profile
Re: Latest on Irish from Chris Foy just now
« Reply #141 on: June 03, 2023, 01:11:05 PM »
If Irish go then that is just under a quarter of the league bust. At what point do other suppliers for remaining teams decide they want out or payment up front etc.

Quickly
Let me tell you something cucumber

Neils

  • Hero Member
  • *****
  • Posts: 14744
  • Wasps Rugby Fan
    • View Profile
Let me tell you something cucumber

Lwasp

  • Sr. Member
  • ****
  • Posts: 407
  • Wasps Rugby Fan
    • View Profile
Re: Latest on Irish from Chris Foy just now
« Reply #143 on: June 06, 2023, 05:18:55 PM »

Neils

  • Hero Member
  • *****
  • Posts: 14744
  • Wasps Rugby Fan
    • View Profile
Re: Latest on Irish from Chris Foy just now
« Reply #144 on: June 06, 2023, 05:23:27 PM »

London Irish to be suspended from Premiership after missing wages deadline

Exclusive: Irish had not paid their staff and players by 4pm deadline and have become the third Premiership club to be suspended this season
By Gavin Mairs, Chief Rugby Union Correspondent 6 June 2023 ? 5:01pm


London Irish are understood to have missed their 4pm deadline to pay staff and players, with an announcement thought to be imminent that the club will be suspended.

It is understood all players and staff have been invited onto a Zoom call at 6.30pm. The RFU?s club financial viability group is due to meet at 5pm to consider whether or not Irish has met the conditions of proving they have the funds in place for next season, with sources close to the players expecting to be told that it has failed to do so. The decision to suspend London Irish from all leagues has to be rubber-stamped by the RFU board.

It is understood that the US consortium has not made enough progress to complete their proposed takeover, having missed multiple deadlines to provide proof of funds and other details for a fit-and-proper person test.

That will spark a huge scramble for players such as Henry Arundell and Tom Pearson with Irish set to be the third club to be suspended this season, after Wasps and Worcester. 

This is a breaking story. More to follow

Let me tell you something cucumber

WonkyWasp

  • Hero Member
  • *****
  • Posts: 5919
  • Wasps Rugby Fan
    • View Profile
Re: Latest on Irish from Chris Foy just now
« Reply #145 on: June 06, 2023, 05:54:27 PM »
Horrendous and heart-breaking for everybody conne4ctedwith Irish.  So very sorry.

NellyWellyWaspy

  • Hero Member
  • *****
  • Posts: 4037
  • Getting older a couple of minutes every day
    • View Profile
Re: Latest on Irish from Chris Foy just now
« Reply #146 on: June 06, 2023, 07:24:49 PM »
The RFU and RPA have both confirmed the suspension. London Irish have not said anything.

NellyWellyWaspy

  • Hero Member
  • *****
  • Posts: 4037
  • Getting older a couple of minutes every day
    • View Profile
Re: Latest on Irish from Chris Foy just now
« Reply #147 on: June 06, 2023, 07:26:29 PM »
The RFU and RPA have both confirmed the suspension. London Irish have not said anything.

Irish just tweeted a link to their site, which has crashed.

Neils

  • Hero Member
  • *****
  • Posts: 14744
  • Wasps Rugby Fan
    • View Profile
Re: Latest on Irish from Chris Foy just now
« Reply #148 on: June 06, 2023, 07:35:34 PM »
London Irish are SUSPENDED from the Gallagher Premiership https://mol.im/a/12166285 via https://dailym.ai/android
Let me tell you something cucumber

Neils

  • Hero Member
  • *****
  • Posts: 14744
  • Wasps Rugby Fan
    • View Profile
Let me tell you something cucumber