leicester Tigers Seeks Fresh Investment

Gallagher Premiership rugby union club Leicester Tigers has announced plans to raise £13m through a share subscription via two investors to help secure the club’s future.

The subscription would come from Tigers board member Tom Scott, who would fund up to £10m, and former player Peter Tom, who is expected to fund £3m.

In a statement, the club claimed that it ‘believes that the subscription is essential to secure the company’s financial position and to enable the survival and future success of Leicester Tigers.’

Andrea Pinchen, Leicester Tigers CEO, commented, “Tom Scott is a long-standing supporter of the club and a valued member of the board of directors who over his tenure with Leicester Tigers has already invested over £10 million in the club. Peter Tom has been Chairman of Leicester Tigers since 1993, having made 130 appearances for the club between 1963 and 1968 and has been a huge part in navigating the club through the professional era.

“We are very grateful that Peter and Tom are looking to extend their investments in Leicester Tigers at a time when the club is suffering some very challenging conditions from factors mostly outside of our control.

“Their decision to invest at this time will give the club the financial assurance to execute the club’s strategy of continued success and financial sustainability”.

The news comes at a turbulent time for Premiership rugby union. Wasps and Worcester Warriors both fell into administration last year due to league-wide financial difficulties.

Both clubs recently discovered whether they would be allowed to return to the Championship, UK professional rugby union’s second division.

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