Mick Crossan pens open letter as London Irish go into administration
London Irish owner Mick Crossan has written an open letter explaining the financial hardship that resulted in the club getting suspended on Tuesday evening by the RFU and then deciding to fall into administration on Wednesday.
The governing body of the game in England had given the Exiles a June 6 deadline extension to either complete its mooted takeover by an American-led consortium or else provide evidence that it had the ability to self-fund itself next term.
The news that Crossan last week only paid 50 per cent of the player and staff wages for May and the follow-up revelation that the HMRC would be taking action for an unpaid tax bill worsened the outlook in the lead-up to Tuesday’s deadline.
With promised monies from the consortium subsequently failing to materialise despite repeated promises and with Crossan pulling the plug on his investment, the situation resulted in the RFU suspending London Irish from all competitions in 2023/24.
Its consequence has been to kill off the interest from the American consortium and Crossan has now decided his only option is to place London Irish into administration.
In a 600-word letter, he explained what had happened in recent months and took exception to comments made on Tuesday night by RFU chair Tom Ilube regarding the precarious nature of the professional game in England. Crossan began: “As a lifeline fan of London Irish, the club’s suspension is bitterly disappointing, and I understand the sadness felt by the thousands of our loyal supporters and the frustrations of our incredible coaches, medical staff, back-office team, and players.
“But this decision has ultimately ended any hope of an acquisition of the club and has regrettably forced us to file for administration this morning.
“Over the last seven months, I have been working closely with the RFU, PRL and representatives of NUE Equity to complete a widely publicised deal to acquire the club.
“Negotiations have been complex from the start, further complicated by issues regarding our tenancy at Brentford’s stadium and unrealistic demands from the governing body. But throughout, I have remained confident a deal could be made that would secure the long-term future of London Irish.
“As we neared the completion of the deal, I continually received promises, from both NUE Equity and Redstrike, that the acquisition would be completed imminently, and that funds would arrive within days.
“Right up to Tuesday’s final deadline, we continued to receive verbal assurances from the group. I have trusted that these were not hollow promises and agreed to financially support the club throughout to ensure it could finish the season and give the group time to conclude the dead.
“Sadly, the promises have failed to materialise and, despite our very best efforts, it was not possible to meet the conditions set by the RFU club financial viability group Tuesday afternoon.
“Its subsequent disappointing decision to force our suspension has proved to be the tipping point where we will not be able to meet our current and future financial obligations. And after assessing our options last night, we agreed that administration offered the safest path forward for the club.
“Since acquiring London Irish in 2013, I have made a significant financial investment to ensure we could compete at the highest level once again. We have worked tirelessly over the last few years to develop a more sustainable business model, trying to tap into the Irish community, developing new revenue streams, investing in our fantastic academy to develop future stars, and of course bringing the club back to its spiritual home in West London after 20 years away.
“However, the reality is that professional rugby in this country is going through a hugely challenging time and, as we know, many clubs are sadly still struggling to get back on a stable path following the pandemic.
“I have publicly stated, on numerous occasions, that I would be willing to pass on the stewardship of the club if we could find the right person or group to take it forward and secure its long-term future. After a decade of supporting the club financially, it is not feasible for me to continue absorbing the multi-million-pound losses of the club each year, indefinitely.
“The comments from the RFU chair, Tom Ilube, last night completely overlook the precarious situation other clubs are currently in.
“Collectively, owners of clubs are working very hard to transform their models, but the lack of real support, at times, is non-existent. And it speaks volumes that Ralph Rimmer and Chris Pilling have been appointed by the Government as independent advisers to work on the future stability of rugby union in the UK.
“The professional game in this country needs to be radically transformed. And the current leadership must urgently review its practices from top to bottom if it has a desire to see professional rugby continue in England.
“Administration has always been the last resort and something we hoped we could avoid. And we bitterly regret the difficulties it will present to each and every one of you.”
Comments on RugbyPass
Je suis sûr que Farrell est impatient de jouer avec Lopez et Machenaud et d’être entraîné par Collazo… 🤭
1 Go to commentsAn on field red (aka a full red) in SRP must surely carry a bigger suspension than a red card given by the bunker as that carries a 20 minute team punishment. Had Damon Murphy abdicated his responsibility as a ref and issued both Drua players a yellow, which would have been upgraded to a 20 minute red by the bunker, that would have killed Australia and New Zealand’s push for the 20 minute red to be trialled globally from July this year.
11 Go to commentsEver so often you all post a Danny Care story that isn’t the announcement that he has finally re-signed for one more, victory tour season at Quins and I’m just like, “well you fooled me again!” My absolute favorite player ever, we need to make his final year at the Stoop (and Twickers) official already. I know he supposedly snubbed France but I won’t feel better until he signs.
1 Go to commentslate hit what late hit it wasn’t at all late and can clearly see he was committed before the tackle
1 Go to commentsChristian Lio -Willies 2 try perfomance was a standout. As was captain Scott Barrett. Up front was where the boys won it.They are a great team and players. Fantastic Crusades , you can keep going.
1 Go to commentsI don't know how the locals feel about that? I guess if you call yourselves the Worcester Wasps that might be appease. But really we need more teams in the Premiership in my view so they are not padding it out as they are at the moment. It might curtail so many players going abroad as well
5 Go to commentsNZ 😭😭😭is certainly rivaling England for best whingers cup!😭😭😭 !!!
25 Go to commentsYup. New Zealand won 3 out of 10 world cups played. SA 4 out of 8 attempts 30 Vs 50 per cent.🤔🤔
25 Go to commentsShould've done this years ago. Change Saturday kick off times to around 11am. Up and off and back home before 3pm, limit travel time too. Allows players to actually do something else with their Saturday that's family oriented or being rugby fans they could ‘watch’ pro rugby. Increases crowds etc. How can anyone that enjoys grassroots and pro rugby have to choose between the two on Saturdays?
9 Go to commentsI bet he inspired those supporters just as much.
1 Go to commentsBen Smith Springboks living rent free in his head 😊😂
67 Go to commentsGood to hear he would like to play the game at the highest level, I hadn’t been to sure how much of a motivator that was before now. Sadly he’s probably chosen the rugby club to go to. Try not to worry about all the input about how you should play rugby Joey and just try to emulate what you do on the league field and have fun. You’ll limit your game too much (well not really because he’s a standard athlete like SBW and he’ll still have enough) if you’re trying to make sure you can recycle the ball back etc. On the other hard, you can totally just try and recycle by looking to offload any and everywhere if you’re going to ground 😋
1 Go to commentsThis just proves that theres always a stat and a metric to use to justify your abilities and your success. Ben did it last week by creating an imaginary competition and now you did the same to counter his argument and espouse a new yardstick for success. Why not just use the current one and lets say the Boks have won 4 world cups making them the most successful world cup team. Outside of the world cup the All Blacks are the most successful team winning countless rugby championships and dominating the rankings with high win percentages. Over the last 4 years statistically the Irish are the best having the highest win rate and also having positive records against every tier 1 side. The most successful Northern team in the game has been England with a world cup title and the most six nations titles in history. The AB’s are the most dominant team in history with the highest win rate and 3 world cups. Lets not try to reinvent the wheel. Just be honest about the actual stats and what each team has been good at doing and that will be enough to define their level of success.
25 Go to commentsHow is 7’s played there? I’m surprised 10 or 11 man rugby hasn’t taken off. 7 just doesn’t fit the 15s dynamics (rules n field etc) but these other versions do.
9 Go to commentsPick Swinton at your peril A liability just like JWH from the Roosters Skelton ??? went missing at RWC
14 Go to commentsLike tennis, who have a ranking system, and I believe rugby too, just measure over each period preceding a world cup event who was the longest number one and that would be it. In tennis the number one player frequently is not the grand slam winner. I love and adore the All Blacks since the days of Ian Kirkpatrick when I was a kid in SA. And still do because they are the masters of running rugby and are gentleman on and off the field - in general. And in my opinion they have been the majority of the time the best rugby team in the world.
25 Go to commentsHaving overseas possessions in 2024 is absurd. These Frenchies should have to give the New Caledonians their freedom.
21 Go to commentsBell injured his foot didn’t he? Bring Tupou in he’ll deliver when it counts. Agree mostly but I would switch in the Reds number 8 Harry Wilson for Swinton and move Rob Valentini to 6 instead. Wilson is a clever player who reads the play, you can’t outmuscle the AB’s and Springboks, if you have any chance it’s by playing clever. Same goes for Paisami, he’s a little guy who doesn’t really trouble the likes of De Allende and Jordie Barrett. I’d rather play Carter Gordon at 12 and put Michael Lynagh’s boy at 10. That way you get a BMT type goalkicker at 10 and a playmaker at 12. Anyways, just my two cents as a Bok supporter.
14 Go to commentsThanks Brett, love your articles which are alway pertinent. It’s a difficult topic trying to have a panel adjudicating consistently penalties for red card issues. Many of the mitigating reasons raised are judged subjectively, hence the different outcomes. How to take away subjective opinions?
11 Go to commentsYes Sir! Surprising, just like Fraser would also have escaped sanction if he was a few inches lower, even if it was by accident that he missed! Has there really been talk about those sanctions or is this just sensational journalism? I stopped reading, so might have missed any notations.
11 Go to comments