London Irish is currently facing a potential financial crisis, as the buy-out of the club has been delayed, leaving players, coaches, and staff worried about whether they will receive their wages later this week.
The Mail Online reports that these individuals are seeking assurances amidst concerns over a possible threat to their monthly pay.
To address the issue, Premiership Rugby and the RFU have claimed that a "cash flow solution" has been found to mitigate the risk of a missed payroll deadline.
However, the solution is dependent on confirmation of new investment from the United States, which has been delayed for some time.
Reliable sources have indicated that this is not the first time this season that there have been doubts over wages, as owner Mick Crossan has been attempting to relinquish control of the club.
Despite repeated assurances that a buy-out is imminent, it has yet to materialize, and employees remain anxious about the situation.
Similar concerns were reportedly raised around Christmas, but they turned out to be unfounded.
LONDON IRISH STATEMENT:
London Irish responded to the following story with this statement: “It has been public knowledge that the Club is exploring its options with regards to investment, however no comment will be made until there is anything to announce.
“In regards to recent media reports, London Irish can categorically confirm that all staff will be paid this month. Anything reported to the contrary is pure speculation.”
PREMIERSHIP CLUBS RANKED BY TOTAL DEBT:
#13. Exeter Chiefs - £13m
#12. Gloucester - £27m
#11. Northampton Saints £26.5m
#10. Worcester Warriors - £26.5m
Worcester Warriors flags fly in support of the club as they go through difficult times. during the Gallagher Premiership Rugby Match between Worcester Warriors and Exeter Chiefs at Sixways on 18 Sept 2022 Photo: Phil Mingo/PPAUK
#9. Sale Sharks - £30.9m
#8. Leicester Tigers - £31m
Guy Porter of Leicester Tigers during the Gallagher Premiership Rugby Semi Final Match between Leicester Tigers and Northampton Saints at Mattioli Woods Welford Road on 11 June. Photo: Tom Sandberg/PPAUK
#7. Harlequins - £33.7m
#6. London Irish - £37.5m
#5. Bath - £37.3m
#4. Newcastle Falcons - £39m
#3. Saracens - £40.8m
#3. Bristol Bears - £51.2m
#1. Wasps - £112.3m
