Exiles' €3.5-million price tag

Mon, 15 Jan 2018 20:38
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NEWS: London Irish have confirmed that it is considering a number of offers of 'investment' in the Premiership club.

Mick Crossan majority shareholder and president of London Irish confirmed the facts in a statement.

It has been reported that the Exiles are on the market for €3.5-million.

"This year London Irish is 120 years old and I want to make sure that the club is secure for the next 120 years," Crossan said.

"I am very much on board with the club for the long-term but we have been speaking to a number of investors about joining the current shareholders to help the club develop to the next level to become a real contender in the Premiership.

"The process is in the early stages but as you would expect with a club that has such a rich history, passionate supporter base and strong credentials, we have received a number of investment enquiries, however, London Irish will only entertain working with investors that offer long-term security and share the same passion for the club that the existing shareholders have.

"I am aware of the approach discussed in a recent article in The Telegraph and can confirm that we have not accepted any offers of investment to date.

"These are exciting times for London Irish as we consider our options for moving back to London so it is no surprise that we have received a lot of positive interest in investing in the club but we need to make sure that any investor who joins us has the best interests of the club at heart."

Brian Facer, Chief Executive London Irish said their prime focus is currently on the Premiership.

"We are backing Nick and his team to secure the club's survival in the league over the coming months," Fracer said.

"We have shown that we can compete against the country's best teams with close results against some of the top Aviva Premiership teams over the last two months.

"The spirit across the squad and the whole club is very committed and with the backing of our fantastic supporters, we know that this can translate into wins.

"The future of the club is also very strong with five London Irish senior academy players being selected for the England Under-20 squad."

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