Aviva Premiership: London Irish confirm takeover talks
Last Updated: 12/12/13 12:30pm
London Irish have called a press conference for Thursday morning
London Irish have confirmed they are in talks with a consortium regarding a potential takeover of the club.
The Aviva Premiership strugglers have entered negotiations with 'London Irish Consortium (2013) Limited' and expect them to acquire a controlling shareholding in the club, and will hold a press conference on Thursday morning.
The consortium is comprised of Mick Crossan, who is the chairman of recycling and waste management company Powerday, and Philip Cusack, the managing director at PF Cusack (Tool Supplies) Ltd.
Powerday have been Irish's headline sponsor since 2011 and also list former Exiles captain Bob Casey among their employees.
Ulster and Ireland prop Tom Court has agreed to join Irish next season, while Munster second row Donnacha Ryan is also a reported transfer target as the club attempt to reaffirm the club's Irish identity.
"They're recruiting hard and want to get a good strong Irish element in their team again," Court told the Daily Mail.
"They mentioned that there was maybe a change in management of the board, but to be honest I didn't make a lot of it."
A cash injection at London Irish could help them hang onto key players such as James O'Connor and Marlon Yarde, who reportedly wants to move to a bigger club.
Another major issue for the new owners will be whether to remain at Reading's Madejski Stadium, which has been their home since 2000.
Irish have struggled to fill the 24,200-capacity stadium and recorded an average attendance of just over 9,000 last season.
Irish's contract with the Madejski Stadium expires at the end of the 2025/26 season, but they have previously been linked with a possible ground-share with Brentford.
The League One club are set to leave Griffin Park after being given the green light for a new 20,000-seater stadium near Kew Bridge rail station, and expect it to be ready for the start of the 2016/17 campaign.