By NEALE HARVEY
THE cost of relegation from the Premiership is starkly illustrated by London Irish declaring losses of almost £3m for season 2016/17 – prompting auditors to warn of ‘material uncertainty’ over the club’s ability to survive.
The Exiles’ reliance on benefactor-in-chief Mick Crossan, chairman of controlling party Powerday PLC, is made clear in the club’s latest accounts, which reveal turnover plummeted from £8.8m in 2015/16 to £6.8m during their year outside the top-flight.
That £2m shortfall, along with a 38 per cent ...