“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,” said Crossan in a statement. He also called for a radical overhaul of the professional game in England. With debts of more than £30 million and facing a wind-up petition from HMRC for an unpaid tax bill, Crossan, in an open letter to staff and players, said it was no longer “feasible for me to continue absorbing the multi-million-pound losses of the club each year, indefinitely.”Ĭrossan explained his frustration at the failure of the takeover after receiving repeated verbal assurances it would be completed in time to meet the RFU’s deadline on Tuesday, which had already been extended by one week. Mick Crossan, who has owned the club since 2013, said he had been left with no other option after the failure of a takeover from US consortium NUE Equity, headed by Californian lawyer Chip Sloan. London Irish have filed for administration following their suspension by the Rugby Football Union from all leagues for failing to provide proof of funds and ownership for next season.
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