Eddie Jordan completes takeover of former Premiership Rugby club
Today at 03:26 AM
Former Formula 1 team boss Eddie Jordan has swooped in to save London Irish, taking the club out of administration after it collapsed in 2023 with £30 million in debt.
Find your local Greene King pub and settle in for the 2025 Six Nations!
But he's not stopping there—he's reportedly looking into securing the Exiles a place in the United Rugby Championship (URC), according to The Times.
Jordan's investment group, Strangford Ellis Ltd, has snapped up the intellectual property, brand, and rights of London Irish. However, the deal doesn't include the Hazelwood training centre, which was separated from the club's financial wreckage.
At the heart of the revival is Kyle Jordan, Eddie Jordan's son and a senior partner at Jordan Associates, which specialises in minority stakes in historic sporting institutions. He'll lead the club in the short term, with a clear target: returning to professional rugby by 2026.
A fresh start – with the fans at the centre
In a bold move, the new ownership is introducing a fan ownership model, giving supporters the chance to buy into the club. It's a strategy designed to reconnect with the global Irish diaspora and reinforce the Exiles' brand.
"We are incredibly excited about this opportunity to steer London Irish towards new heights," said Kyle Jordan. "Our investors bring not just financial backing but a profound passion for rugby and a commitment to the community."
Could the Exiles be set for a stunning comeback in the URC? Watch this space.
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The highest-paid rugby players in the world
- Siya Kolisi (Sharks) – £808k
- Owen Farrell (Racing 92) – £797k
- Finn Russell (Bath) – £795k
- Cheslin Kolbe (Suntory Sungoliath) – £740k
- Faf de Klerk (Yokohama Canon Eagles) – £716k
- Dan Biggar (Toulon) – £636k
- Maro Itoje (Saracens) – £636k
- Antoine Dupont (Toulouse) – £557k
- Kalyn Ponga (Newcastle Knights) – £506k
- Nathan Cleary (Penrith Panthers) – £502k
- Cameron Munster (Melbourne Storm) – £502k
- Mitchell Moses (Parramatta Eels) – £499k
- Daly Cherry-Evans (Manly-Warringah Sea Eagles) – £497k
- Tino Fa'asuamaleaui (Gold Coast Titans) – £497k
- Payne Haas (Brisbane Broncos) – £497k
- Steve Luatua (Bristol Bears) – £493k
- Nicholas Hynes (Cronulla-Sutherland Sharks) – £492k
- James Tedesco (Sydney Roosters) – £492k
- Tom Trbojevic (Manly-Warringah Sea Eagles) – £492k
- Handré Pollard (Leicester Tigers) – £485k
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"Two Premiership clubs" – 5 Richest Owners In Rugby In 2024 (Ranked)
Despite the financial troubles hitting the Gallagher Premiership, two of the leagues owners feature on our list of the five wealthiest owners.
These figures have been taken from various sources mentioned in each section.
#5. Bruce Craig
- Nationality: English
- Net worth: 361m
- Rugby CV: Owner Bath rugby
Having inherited business from his father, Bruce gave it a new shape and has earned whopping money. His current net worth has crossed the $361 million mark and is still increasing. Craig has invested in Bath Rugby team and is also banking good numbers from there as the club is generating $16.8 million.
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