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Jester10 View Drop Down
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Points: 1794 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Jester10 Quote  Post ReplyReply Direct Link To This Post Posted: 19 Mar 2024 at 17:54
Anyone remember Spencer Trethewy? Smile
Enjoying life!
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Robb View Drop Down
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Points: 1587 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Robb Quote  Post ReplyReply Direct Link To This Post Posted: 19 Mar 2024 at 20:02
Originally posted by rugbychris rugbychris wrote:

It all sounds like PR nonsense. London Irish was offered for sale for £1 as long as sufficient funds were available to cover the business as a going concern. With no playing squad, no staff, no community team and no stadium what exactly are they buying? I've got a signed shirt and couple of flags if he wants to make me an offer.



Just like the person who wants to resurrect Wasps, all they'll buy are the trademarks and maybe Hazelwood.
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Robb View Drop Down
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Points: 1587 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Robb Quote  Post ReplyReply Direct Link To This Post Posted: 19 Mar 2024 at 20:04
Originally posted by Mark W-J Mark W-J wrote:

Hazelwood is built on landfill, so redevelopment for housing isn't an option.

And it only opened 10 years ago after being converted from that golf club.  I can't imagine residents will be happy given how much they objected to it becoming a training centre.

Plus I don't think that London Irish Amateur would approve of that.
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Camquin View Drop Down
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Points: 11453 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Camquin Quote  Post ReplyReply Direct Link To This Post Posted: 19 Mar 2024 at 21:09
Unfortunately, London Irish Amateur don't own it.

It was owned by the professional club, London Irish Scottish Richmond Ltd. and the amateur club leased it from them.

LISR owes in priority order: Close Leasing £5m, Sport England about £12m and Powerday - i.e. Mr Flynn - about £15m.

It then owes HMRC about £500k.
And a small amount owed to unsecured creditors.

And £23m to London Irish Football Ground Limited.
This was the company that originally owned the Sudbury ground.
Its only remaining asset was this loan, and it has now been liquidated.

The administrators expect only Close will see all their money
And that requires finding a buyer for Hazelwood.
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Points: 163 		Post Options Post Options   Thanks (0) Thanks(0)   Quote rugbychris Quote  Post ReplyReply Direct Link To This Post Posted: 19 Mar 2024 at 21:26
But why bother with the pretence of buying London Irish to resurrect a defunct rugby club when you could just purchase the training ground from the administrators and build houses?. Perhaps some covenant is on the land for specific uses only.
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Camquin View Drop Down
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Points: 11453 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Camquin Quote  Post ReplyReply Direct Link To This Post Posted: 19 Mar 2024 at 21:58
I actually think Loitz is interested in Women's sport.
I suspect his dreams are larger than his pocket.

But he wants Reading, and if he can get LI as tenants for a song, it might sweat the assets more.
Just as Bristol City use the Bears.
But I doubt LI will get 18k fans turning up.
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Mark W-J View Drop Down
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Points: 3688 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Mark W-J Quote  Post ReplyReply Direct Link To This Post Posted: 19 Mar 2024 at 22:19
Back in January,  the local residents' association posted the following on their website:
"The London Irish Amateur Rugby Football Club (LIARFC) and Brentford Football Club Community Sports Trust (Brentford Sports Trust) have submitted a joint letter of Intent to the Administrators of London Irish Holdings (LIH) setting out their intention to purchase the Hazelwood site and place it in a Community Owned Trust for the benefit of future generations. The letter has been received positively by both the Administrator and DCMS (Department of Digital, Culture, Media & Sport) / Sport England, and they are in the process of organising some direct talks with them to progress their bid."
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Mark W-J View Drop Down
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Points: 3688 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Mark W-J Quote  Post ReplyReply Direct Link To This Post Posted: 19 Mar 2024 at 22:22
Originally posted by Robb Robb wrote:

Originally posted by Mark W-J Mark W-J wrote:

Hazelwood is built on landfill, so redevelopment for housing isn't an option.

And it only opened 10 years ago after being converted from that golf club.  I can't imagine residents will be happy given how much they objected to it becoming a training centre.
Most of the objections related to the development of the old site in The Avenue rather than the repurposing of the golf club.
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Camquin View Drop Down
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Points: 11453 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Camquin Quote  Post ReplyReply Direct Link To This Post Posted: 19 Mar 2024 at 23:32
As you know, the Administrator is tasked with talking to all potential bidders, with the aim to get the best price for the creditors.
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Points: 3688 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Mark W-J Quote  Post ReplyReply Direct Link To This Post Posted: 20 Mar 2024 at 10:11
Yes, was just highlighting that the Amateurs have aspirations to buy the ground, and they have put together what they believe to be a viable plan to do so.
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islander View Drop Down
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Points: 7609 		Post Options Post Options   Thanks (0) Thanks(0)   Quote islander Quote  Post ReplyReply Direct Link To This Post Posted: 20 Mar 2024 at 10:20
Originally posted by kingsheathlad kingsheathlad wrote:

Is London Irish Wild Gease their community side.

Established as a separate club since 1999 and have been part of league pyramid since then. Currently play in Regional 2 (level 6) - the Jersey Amateur side played them twice this season. JRFC have subsequently won promotion, while Irish are currently ranked 6th with 2 games to go...
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Points: 1456 		Post Options Post Options   Thanks (0) Thanks(0)   Quote WEvans Quote  Post ReplyReply Direct Link To This Post Posted: 20 Mar 2024 at 11:21
Originally posted by Jester10 Jester10 wrote:

Anyone remember Spencer Trethewy? Smile

Now known as Spencer Day he has been manager and (I think) involved in the ownership of Farnborough FC in National League South since 2011. The club have had any number of "financial problems" in recent years!
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Points: 356 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Clive Norling Quote  Post ReplyReply Direct Link To This Post Posted: 21 Mar 2024 at 19:17
Originally posted by Raider999 Raider999 wrote:

[QUOTE=Richard Lowther] https://www.skysports.com/football/news/11095/13097684/reading-german-businessman-daniel-loitz-in-talks-to-take-over-berkshire-club-and-rugby-team-london-irish




Although €42k won't go far in the world of rugby.



Deluded would be a word that springs to mind .... that is less than Rams spend on maintaining 3 x pitches each season ....
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