Premiership Rugby club the Leicester Tigers has put itself up for sale and is looking for around $60millon. The sale follows on from an investment from private equity from CVC’s investment in the sport in December last year, which has lead to several new approaches from investors according to the club. The acquisition of a 27% stake in Premiership Rugby resulted in each club earning around £13 million.
For Leicester, that meant that they would no longer have any debt. Each club has retained a 7.7% stake, and with CVC in charge of new marketing initiatives for the Premiership, the clubs anticipated more revenue streams down the road, increasing the amount of cash they will be able to work with for club improvements and new player management.
Leicester executive chairman, Peter Tom, told reporters that CVC’s investment in Premiership rugby has formed a unique opportunity for everyone involved, and has shot the sport into the public consciousness like never before, and that it has also broadened the overall interest in rugby by other potential investors. He added that their new duty as the board is to explore the club’s strategic options and to asses the best ownership structures that will benefit from the changes both on and off the field.
Leicester is among the most successful clubs in the professional era, having won the Premiership 10 times and the European Cup twice. The club’s games also attract the highest TV audiences in the country.
| # | Site | Bonus | Bet | |||
|---|---|---|---|---|---|---|
| 1 |  | Betway |  | 5/5 | Up to $60 NZD | Bet now Review |
More About Gary Hicks
When it comes to knowing what’s going on, on the track, field or any other sporting arena, Gary Hicks is your man. With an almost unrivalled passion for journalism, sports and betting Gary decided to combine his love of all 3 and share his expertise with the world.
In the last few years Gary has risen through the ranks and prides himself on always keeping a finger on the pulse of what’s hot and happening in the sports betting world. Gary is the resident news expert at OnlineBettingNZ.co.nz and his articles make for invaluable fodder for any avid punter.
You May Also Like:
SA Six Nations Plan Could Spark Bidding War
If South Africa were to join the Six Nations, such a move could potentially spark a bidding war to host the British & Irish Lions tour in 2033. The list ….
Kawa Leauma Dies After Freak Accident
Tragic news confirmed on Wednesday is that New Zealand lock Kawa Leauma has died of the head injuries sustained during an accident in Amsterdam in the Netherlands. The Spanish Rugby ….
Kawa Leauma Suffers Serious Head Injuries
New Zealand rugby player Kawa Leauma is reportedly in a critical condition in hospital after falling eight metres. Leauma, who is undergoing treatment in a hospital in Amsterdam, is said ….
Quade Cooper May Soon Call Australia Home
Wallabies star Quade Cooper told the media this week that he will be taking another citizenship test– a test that will hopefully allow him to finally call Australia his home. ….
World Rugby Says About Dementia
World Rugby has reportedly now told players that head impacts and concussions aren’t the only factors known to contribute to the early onset of dementia. The organisation allegedly said this ….