Neil Fissler from The Rugby Paper reported yesterday that there could be a shock merger between two Gallagher Premiership clubs.
He wrote in this weekend’s edition: “Wasps could be set to leave Coventry and make a return to their traditional home in London as part of a potential merger with London Irish.
“A party looking to buy financially stricken Wasps have held tentative discussions about also buying the Exiles, who have been put up for sale by owner Mick Crossan.”
However, the Exiles have moved quick to dismiss any such merger.
The statement from London Irish read: “The board of directors of London Irish has today dismissed as “total and utter speculation” the press reports alleging that the Club is exploring a merger with Wasps, who have been suspended from the Gallagher Premiership and face relegation if, as expected, they go into administration.
“London Irish principal shareholder, Mick Crossan, recently confirmed that he would relinquish his shares in London Irish to new owners that would be prepared to guarantee the security of the Club going forward.”
PREMIERSHIP CLUBS RANKED BY TOTAL DEBT:
#13. Exeter Chiefs – £13m
#12. Gloucester – £27m
#11. Northampton Saints £26.5m
#10. Worcester Warriors – £26.5m
