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Another Premiership club on the verge of 'Financial Meltdown' as it fails to pay wages in April

BY Luke Stockwell  ·  Tuesday May 2, 2023

Premiership Rugby is once again facing a crisis, as a third club has found itself in great financial trouble.

According to The Times, London Irish could potentially be the third Premiership club fold in the last 12 months after they failed to pay their staff and players during the month of April.

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The failure to pay wages follows a worrying trend that rugby fans saw with both Worcester and Wasps who eventually had to cease operations due to financial instability.

In a meeting last Friday, staff were told they would not be paid on time for this month. They were delivered the news by The American consortium involved in takeover talks with the West London side.

They were then told that money would be paid into their accounts by Monday evening – however it has been reported that these payments were never made.

During March there were fears that London Irish staff would not be paid however during that month the American Consortium did manage to cover the costs but the same can not be said for April.

In the past hours however, it is being reported that the potential future owners of London Irish have told staff that the  money has been transferred and staff will see the money in their accounts by tonight.

There is hope from the entire rugby community that these payments can be made and London Irish can resolve their off the field issues.

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