Local fan takes stake in Gloucester Rugby
Gloucester has confirmed the addition of lifelong supporter Jack Ingles to its board and shareholder group.
The 31-year-old hedge fund manager has taken a minority 10 percent stake alongside existing shareholder Tim Griffiths, while Martin St Quinton remains majority shareholder with 80 percent of the club.
The news come as a boost to Gloucester following rumours of financial difficulties ahead of the start of the 2024-25 Gallagher Premiership season, even though the Cherry & Whites reported the smallest loss of any of the 10 clubs for the 2022-23 financial year of £544,000.
📢 Gloucester Rugby is delighted to confirm the addition of Jack Ingles to its Board and shareholder group.
All the details 👇
— Gloucester Rugby 🍒 (@gloucesterrugby) October 22, 2024
Quinton was delighted to welcome Ingles on board. He said: “We are thrilled to have Jack join the board. His significant financial expertise, as well as his long-standing support of the club, makes him the ideal addition and we are immensely grateful for his commitment to the future of Gloucester Rugby.
“It is a testament to the club, to Alex Brown and the Director group, that we have attracted investment from someone of Jack’s calibre. I’m confident the club is in the right hands and on an upward trajectory.
“All of Jack’s investment money has gone straight into the club and it is a fantastic endorsement of English club rugby in general and Gloucester in particular. I think it’d be fair to say that he’s not investing in Gloucester or club rugby because he’s hoping to make any money, though he may well do. He’s investing in it because he thinks that English club rugby has a great future and he’s hoping to make a difference.”
Ingles was born in the Cotswolds and educated in Cheltenham before attending Oxford University, and is a self-confessed ‘Shedhead’, having been a regular at matches over the years.
He said: “I am over the moon to be investing in the club. It’s an exciting time for rugby – the quality of the product has never been better and thanks to its exceptional management, Gloucester Rugby is in a great place to grow with the game. I know first-hand how important Gloucester Rugby is to the fans and local community and I am excited to get stuck in and do what I can to help push the club forward.”
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