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Up-for-sale Leicester claim 'CVC's investment in Premiership Rugby has created a unique opportunity'

Even the fervent support Tigers enjoy has not been enough to prevent increasing losses. (Photo by David Rogers/Getty Images)

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.

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.

https://www.instagram.com/p/BxIFTA8gQdn/

“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

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H
Hellhound 48 minutes ago
South Africa player ratings | 2024 Autumn Nations Series

There is this thing going around against Siya Kolisi where they don't want him to be known as the best national captain ever, so they strike him down in ratings permanently whenever they can. They want McCaw and reckons he is the best captain ever. I disagree.


Just like they refuse to see SA as the best team and some have even said that should the Boks win a third WC in a row, they will still not be the best team ever. Even if they win every game between now and the WC. That is some serious hate coming SA's way.


Everyone forget how the McCaw AB's intimidated refs, was always on the wrong side, played on the ground etc. Things they would never have gotten away with today. They may have a better win ratio, but SA build depth, not caring about rank inbetween WC's until this year.


They weren't as bad inbetween as people claim, because non e of their losses was big ones and they almost never faced the strongest Bok team outside of the WC, allowing countries like France and Ireland to rise to the top unopposed.


Rassie is still at it, building more depth, getting more young stars into the fold. By the time he leaves (I hope never) he will leave a very strong Bok side for the next 15- 20 years. Not everyone will play for 20 years, but each year Rassie acknowledge the young stars and get them involved and ready for international rugby.


Not everyone will make it to the WC, but those 51/52 players will compete for those spots for the WC. They will deliver their best. The future of the Boks is in very safe hands. The only thing that bothers me is Rassie's health. If he can overcome it, rugby looks dark for the rest of the rugby world. He is already the greatest coach in WR history. By the time he retires, he will be the biggest legend any sport has ever seen

4 Go to comments
J
JW 1 hour ago
'They smelt it': Scott Robertson says Italy sensed All Blacks' vulnerability

No where to be seen OB!


The crosses for me for the year where (from memory);


This was a really hard one to nail down as the first sign of a problem, now that I've asked myself to think about it. I'd say it all started with his decision to not back form and fit players after all the injuries, and/or him picking players for the future, rather ones that could play right now.


First he doesn't replace Perofeta straight away (goes on for months in the team) after injury against England, second he falls back to Beauden Barrett to cover at fullback against Fiji, then he drops Narawa the obvious choice to have started, then he brings in Jordan too soon. That Barret selection (and to a lesser extent Bell's) set the tone for the year.


Then he didn't get the side up for Argentina. They were blown away and didn't look like they expected a fight and were well beaten despite the scoreline in my opinion. Worst performance of the year in the forth game and..


Basically the same problems were persistent, or even exaggerated, after that with the players he did select not given much of an opportunity, with this year having the most number of unused subs I can remember since the amateur days.


What I think I started to realise early on was that he didn't back himself and his team. I think he prepared the players well, don't get me wrong, but I'll credit him with making a conscious choice in tempering his ambition and instead choosing cohesion and to respect (the idea of it being important in himself and his players) experience first and foremost (after two tight games and that 4th game loss). I think he chose wrong in deciding not to be, and back, himself. Hard criticism.


And it played out by preferring Beauden to Dmac on the EOYT (though that may have been a planned move).


I hope I'm right, because going through all the little things of the season and coming up with these bullets, I've got to wonder when I say his last fault is one we have seen at the Crusaders, playing his best players into the ground. What I'm really scared of now is that not wanting a bit of freshness in this last game could be linked with all these other crosses that I want to put down to simple confidence issues. But are they really a sign that he just lacks vision?


Now, that's not to say I haven't seen a lot of positives as well, I just think that for the ABs to go where they want to go he has to fix these crosses. Just have difficult that will be is the question.

27 Go to comments
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