The takeover of London Irish is close to completion, Sky Sports News understands.
The club entered administration in June 2023 and have been in talks with German investor Daniel Thomas Loitz, who heads up investment firm Hokulani Ltd, in recent months. Sky Sports News understands that administrators ReSolve Group have picked Loitz's bid as the preferred offer.
The club were then given a one-week extension to get the takeover completed by 4pm on June 6, the main reason for which - it turned out - was the hope players and staff would receive the rest of the money owed for May, having been paid just half of their salary amounts for the month.
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