There are rumours in the Telegraph that a backer has emerged wanting to buy London Irish.

Daniel Loitz appears to have come out of the German music industry, and now runs a VC company in London with an office in Dubai.

They are already principal Sponsor of Halifax Town FC - a women's lower league Soccer side.

They claim to invest in Women's Soccer in Canada, but there are no links to them from the Canadian sites.

Aside from that, they have inestments in three PR and marketing companies registered in London, but operating in the music industry in Germany. However, these companies have not filed full accounts.

You would think that someone with multiple concerns in Women's football would have a digital footprint for them but all I can find is the same press release about Halifax FC Women with the telling phrase that the purchase price wasn't divulged. 

A cynic might say "Nice PR putting this out on St P's day."

Alternatively, you might say he was two weeks early for April 1st. 

If you can read German or have a translator in your browser that's an interesting article.

I assume it's the same Daniel Loitz (not a common name in Germany).

Previously sponsor of a woman's football team in Germany. The story us about when he pulled that sponsorship.

I can't find anything in German press about his business.

It's behind a paywall for me.  This is a translation of what I can see. 

Funds required t cover a going concern was always the kicker in that sentence.

And did that include repaying the loans from Powerday - or just the third party loans and HMRC.

Of course now it is in the hands of the administrator - and Hazelwood is the only asset of note.

The administrator is not permitted to prefer an ongoing club, if building houses on Hazelwood makes more money, they are required to take that offer - so the taxman sees more of their debt repaid.

That has not stopped at least one developer from talking to the administrator about the possibility.

It is explicitly mentioned in the progress report.

It may reduce the amount they are prepared to offer, down to a point that sporting use is more profitable.

There are many housing estates built on landfill. However, it's only seen as viable nowadays if the site has been suitably stabilised over a number(?) of years.

No idea what the status of the training ground is right now though.

Just like the person who wants to resurrect Wasps, all they'll buy are the trademarks and maybe Hazelwood.

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.

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.

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.

"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."

Most of the objections related to the development of the old site in The Avenue rather than the repurposing of the golf club.

As you know, the Administrator is tasked with talking to all potential bidders, with the aim to get the best price for the creditors.

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...

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!