Leicester Tigers announced earlier today that they plan to sell the club with a full strategic review to try and create a long-term project that will see them become a dominant rugby force once more.
Following CVC Capital Partners’ acquisition of a minority stake in Premiership Rugby Limited, CVC plan to develop the sport and replicate the successes they have created in both Formula One and Moto GP.
Since CVC invested there has been huge interest in Leicester from new investors and this has caused the board to run a formal sale process. Claiming that the sale is in the best interests of the club, players, fans and stakeholders.
Leicester Tigers chairman Peter Tom believes that CVC’s investment in the Premiership has given them a unique opportunity.
“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. 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,” he said.
Meanwhile Tigers CEO Simon Cohen confirmed the club plan to not only become the most successful one in England but Europe too.
“The investment and changes in English Premiership rugby present a huge opportunity for the club and a new investor. 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,” he said.
By CVC claiming a stake in Premiership Rugby, Tigers were given a pay-out which actually meant that they ended up with no debt.
Coupled with Leicester’s greater incremental revenues as CVC’s marketing and as commercial strategy grows has made them very attractive for potential investors.
This comes as good news to fans who watched their team fall to its lowest finish in the Premiership, 11th last season, since the Premiership turned professional in 1997.
Leicester are the most successful English team in the professional era, but clubs have been catching up, and it will be interesting to see how all this plans out as the Tigers plan to bounce back.
Saracens Lock Latest to Join MLR
Another player has decided to make a move over to the US for a taste of Major League Rugby action
The 33-year-old has been at Allianz Park for two years, making 32 appearances and has been influential in helping the club’s young talent.
“It’s been an amazing two years. I’ve met a lot of really good people and have been a part of a team which has won four trophies since I’ve been here. It’s been more than I could ever have asked for. Saracens are a massive club and pride themselves on being up there and winning things; being part of that has been amazing,” he said.
As well as his efforts on the pitch and with the youth development he has also set up fourfive CBD with fellow lock George Kruis which is a brand that helps athletes maintain an active lifestyle.
Saracens director of rugby Mark McCall thanked Day for his time at the club and wished him luck in the US.
“Dom has been a brilliant person to have at the club over the last two seasons. In particular, he has played a key role in mentoring some of our younger players both on and off the field. We wish him and Nadia well as they embark on this exciting new challenge and will always be grateful to him for the huge contribution he has made at our club,” he said.
Day will now link-up with former England international Steffon Armitage, who joined San Diego Legion last week.
Worcester Coach on the Move
Worcester Warriors head coach Rory Duncan could be set to leave the club very soon according to reports
Worcester Warriors head coach Rory Duncan has been given permission to speak to other clubs according to reports in the Worcester News.
The news outlet claim that they have been informed by the club that they do not see Duncan as a part of their future plans.
“The club has put in place a strategic plan for the future of Warriors. We do not envisage Rory Duncan being part of those plans and, therefore, we have given Rory permission to seek opportunities elsewhere,” a club spokesperson said
Duncan has impressed with stints at the Cheetahs and the Warriors, and a return to the Cheetahs looked to be on the cards until the club announced Hawies Fourie as their new coach.
However, the Southern Kings are currently looking for a new head coach and Duncan is among a four-man list of coaches being considered for the position, with Steve Jackson, Corniel van Zyl and Pieter de Villiers being the others.
Duncan has experience with the Kings having played two Currie Cup seasons with them before his retirement from playing.
Both the Warriors and the Kings open up their respective campaigns for the 2019/20 season in September and one would imagine they will want a quick resolution if he is to depart for South Africa once again.
Scottish Star Signs for the Bulls
One of Scotland’s key back-rowers has left his contract a year early to join the Bulls
The 32-year-old has been at the English club for two-years since joining from Glasgow Warriors, with Sale agreeing to let him leave early having signed Jean-Luc, Daniel du Preez and Mark Wilson this summer.
He had been in talks with the Warriors about a return, as well as receiving a lot of attention from French Top 14 sides, but chose the Bulls.
By signing for the Bulls, Strauss will return to his country of birth, but is far more associated with Scotland having qualified for their national side in 2015.
He made his debut for the Scots in the 2015 World Cup and has gone on to gain 22-caps for them since.
Strauss is included in Scotland’s 44-man World Cup training squad by head coach Gregor Townsend and played in all five of Scotland’s Six Nations fixtures earlier this year.
However, there is no guarantee that he will make the tournament in Japan as he faces huge competition for a place on the plane with Ryan Wilson, Matt Fagerson, Magnus Bradbury, Sam Skinner and Blade Thomson are all vying for places.
Bastareaud Set for Positional Switch at Lyon
Naisarani to Debut for Wallabies Against Springboks
Five New Faces in All Blacks Squad for Pumas Clash
“Awful, actually terrible” – Fitzgerald blasts one Ireland star.
The Low-down on Ulster’s New Signings
WATCH: How did this hit from Tuilagi go unnoticed & unpunished?
WATCH: Cricket streaker deserves a rugby contract #LegDrive
WATCH: Move over Danny Cipriani, Francois Hougaard throws a flatter pill.
WATCH: Kyle Sinckler is unique. Not too many players will have received this message from the ref
Mitre 101 week ago
Ex-All Black to Return to New Zealand
Pro141 week ago
Pienaar Makes PRO 14 Return
International1 week ago
Huge Injury Scare for Ireland Ahead of World Cup
International6 days ago
Barrett’s a Blue
Pro142 days ago
Cheetahs Make Four More Signings
Rugby Transfer Rumours1 week ago
Veteran Wallabies Duo Heading to Japan
International6 days ago
Genia Set for Wallabies Retirement
Pro141 day ago
Ulster Rugby star suffers pre-season ACL tear