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Up-for-sale Leicester claim 'CVC's investment in Premiership Rugby has created a unique opportunity'
Leicester Tigers have announced plans for the sale of the club alongside a full strategic review as part of long-term plans to reclaim its status as a dominant force in English and European rugby.
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The announcement on Tuesday morning follows CVC Capital Partners’ acquisition of a minority stake in Premiership Rugby Limited. CVC intends to develop the sport, repeating its success with Formula One and Moto GP.
CVC’s investment sparked several expressions of interest in the Tigers from new investors, prompting the board to run a formal sale process in the best interests of the club, its players, supporters and shareholders.
Despite their 11th place Gallagher Premiership finish in 2018/19, Tigers are the most successful club of the professional era, winning more titles than any other English team.
The club’s games are the most-watched and best-attended in English rugby and the club has a 90-per-cent season ticket renewal rate. The club is ideally positioned to capitalise on the new investment coming into the game.
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We have today announced plans for the sale of the club alongside a full strategic review as part of long-term plans to reclaim our status as a dominant force in English and European Rugby.https://t.co/b8IqwWuLDc
— Leicester Tigers (@LeicesterTigers) June 25, 2019
The pay-out to Tigers from the Premiership Rugby stake sale to CVC means the club has no net debt and can look forward to greater incremental revenues as CVC’s marketing and commercial strategy gathers momentum and grows the game.
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This makes the Tigers an attractive opportunity for an investor that shares the Club’s vision, with the ability to grow commercial revenues and accelerate development plans to the benefit of players, staff and fans.
Leicester chairman Peter Tom said: “CVC’s investment in Premiership Rugby has created a unique opportunity – catapulting the sport into the public consciousness like never before and broadening its appeal to potential investors.
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“It is our duty as a board to explore the club’s strategic options and assess the best possible ownership structure to benefit from the changes ahead on and off the pitch.”
CEO Simon Cohen added: “The investment and changes in English Premiership rugby present a huge opportunity for the club and a new investor.
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“As the most prestigious club in English rugby, this development will further support Leicester Tigers in its ambition to be the most successful club in England and Europe, to the benefit of our players, the club and our loyal supporters.”
WATCH: Episode one of The Academy, the six-part RugbyPass documentary series looking at how Leicester Tigers develop their players
Comments on RugbyPass
The value he brought to the crusaders as an assistant was equal to what he got out of being there. He reflected not only on the team culture but also the credit he attributed to the rugby community. Such experience shouldn’t be overlooked.
3 Go to commentsGood luck Aussie
10 Go to commentssmith at 9 / mounga 10 / laumape 12 / fainganuku 14
40 Go to commentsBar the injuries, it’s pretty much their top team …
2 Go to commentsDon’t disagree with much of this but it appears you forgot Rodda and Beale, who started at the Force on the weekend.
10 Go to commentsExcept for the injured Zach Gallagher this would be Saders best forward pack for the season. Blackadder needs to stay at 7, for all of Christies tackling he is not dominant and offers very little else. McNicholfullback is maybe a good option, Fihaki not really upto it, there was a reason Burke played there last year. Maybe Havilli to 2nd five McLeod to wing. Need a strong winger on 1 side to compliment Reece
1 Go to commentsTo me TJ is clearly the best 9 in the competition right now but he's also a proven player off the bench, there's few playmaking players who can come off the bench as calm and settled as he is, Beauden can, TJ can and I doubt any of the scrumhalves in contention can, if they want to experiment with new 9s I want him on the bench ready to step in if they crumble under the pressure. The Boks put their best front row on the bench, I'd like to see us take a similar approach, the Hurricanes have been doing similar things with players like Kirifi.
40 Go to commentsROG has better chance to win a WC if he starts training and make himself eligible as a player. He won’t make the Ireland squad but I reckon he may get close with Namibia (needs to improve his Afrikaans) or Portugal. Both sides had 1000:1 odds to win the RWC in 2023 which is an improvement on ROG’s odds of winning a RWC as a coach. Unlike Top 14 teams, national teams can’t go shopping and buy the best players - you work with the available talent pool and turn them into world beaters.
3 Go to commentsthat backline nope that backline is terrible why would you have sevu Reece when he’s not even top 5 wingers in the comp why have Blackadder when there’s better players no Scott barret isn’t an automatic the guy is more of a liability than anything why have him there when you have samipeni who’s far far better
40 Go to commentsAh, good to find you Nick. Agree with everything about Cale. So much to like about his game
51 Go to commentsNot too bad. Questions at 6, lock and HB for me. The ABs will be a lot stronger once Jordan and Roigard return. Also, work needs to be made to secure Frizzell back for next season and maybe also Mo’unga; they’re just wasting time playing in japan
40 Go to commentsOn the title, i wonder for many of those people it is a case something like a belief in working smarter, not harder?
1 Go to commentsForget Sotutu. One of those whose top level is Super Rugby. Id take a punt on Wallace Sititi Finau ahead of Glass body Blackadder.
40 Go to commentsI’m a pensioner so I've been around a bit. My opinion of SBW is he is an elite athlete and a great New Zealander and roll model. He has been to the top and knows what he's talking about. To all the negative comments regarding SBW the typical New Zealand way, cut that tall poppy down.
17 Go to commentsI'm not listening to a guy moralise over others when this is the guy who walked out mid season on Canterbury RLFC when he had a contract with them, what a hypocrite. All the Kiwis sticking up for this unprincipled individual because they can't accept justified criticism, he has zero credibility or integrity. Those praising him are a joke.
17 Go to commentsI’d put Finau at 6 instead of Blackadder but that’s the only change I’d make. Can’t wait to see who Razor picks.
40 Go to commentsTamati Williams, Codie Taylor, and Same Cane? Not sure about Hoskins Sotutu at test level. Wasn’t that impressive last season. Need a balance between experience and talent/youth.
40 Go to commentsInteresting insight. Fantastic athlete, and a genuine human being.
17 Go to commentsThey played at night in Suva last weekend and it’s an afternoon game forecast for 19 degrees in Canberra this weekend. Heat change is a non issue.
2 Go to commentsWishing Rosie a speedy recovery
1 Go to comments