Leicester Tigers up for sale

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Post by Rinsure on Tue 25 Jun 2019, 7:58 am

Heard on the radio this morning that Tigers are up for sale, if anyone's got a cheeky £16M down the back of their sofa...

Yup, confirmed here: https://www.independent.co.uk/sport/rugby/rugby-union/club-rugby/leicester-tigers-for-sale-offers-buy-premiership-rugby-news-a8973226.html

Official statement: https://www.leicestertigers.com/news/club-announcement-leicester-tigers

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Post by Rinsure on Tue 25 Jun 2019, 8:54 am

Now reading £60M. Damn my hearing.

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Post by maestegmafia on Tue 25 Jun 2019, 9:14 am

Maybe get the fans to chip in and all become owners?

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Post by TightHEAD on Tue 25 Jun 2019, 9:53 am

Bruce Craig is interested.
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Post by bluestonevedder on Tue 25 Jun 2019, 10:31 am

Who currently owns them? And how will this impact their competitiveness next season?

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Post by LondonTiger on Tue 25 Jun 2019, 10:40 am

bluestonevedder wrote:Who currently owns them? And how will this impact their competitiveness next season?

Fans mainly. I have 200 shares dating back to a long time ago (1998 I think)

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Post by bluestonevedder on Tue 25 Jun 2019, 10:47 am

LondonTiger wrote:
bluestonevedder wrote:Who currently owns them? And how will this impact their competitiveness next season?

Fans mainly. I have 200 shares dating back to a long time ago (1998 I think)

Ah, I didn't realise that it was fan-owned. You could stand to make a nice bit of money then LT!

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Post by Welly on Tue 25 Jun 2019, 10:53 am

can't call it fan owned when two people own 50% of the company really.

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Post by LondonTiger on Tue 25 Jun 2019, 10:54 am

bluestonevedder wrote:
LondonTiger wrote:
bluestonevedder wrote:Who currently owns them? And how will this impact their competitiveness next season?

Fans mainly. I have 200 shares dating back to a long time ago (1998 I think)

Ah, I didn't realise that it was fan-owned. You could stand to make a nice bit of money then LT!

I need to find the certificate now and update them with my new address  Rolling Eyes 

Then I can vote on the proposal and when my vote not to sell is ignored take the money.

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Post by LondonTiger on Tue 25 Jun 2019, 10:55 am

Welly wrote: can't call it fan owned when two people own 50% of the company really.

Yeah, was never sure how much they had. Still the fans still had a big stake - but soon no longer.

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Post by Brendan on Tue 25 Jun 2019, 11:43 am

If Tigers want to compete it's was probably inevitable that this would happen.

Having a club with the facilities and fan base Tigers have it's probably the jewel of the Prem clubs and most likely to be turned into a profitable business.

They have a sizable population of which a large percent actually care about Rugby. They seem to have a good academy system in place.

I assume it's not saddled with large amounts of debt either.

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Post by LondonTiger on Tue 25 Jun 2019, 11:51 am

Brendan wrote:If Tigers want to compete it's was probably inevitable that this would happen.

Having a club with the facilities and fan base Tigers have it's probably the jewel of the Prem clubs and most likely to be turned into a profitable business.

They have a sizable population of which a large percent actually care about Rugby.  They seem to have a good academy system in place.

I assume it's not saddled with large amounts of debt either.

There was debt, linked to development of the stands. However the CVC payment clears all debt.

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Post by bluestonevedder on Tue 25 Jun 2019, 11:54 am

Welly wrote: can't call it fan owned when two people own 50% of the company really.

Who is that Welly?

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Post by Welly on Tue 25 Jun 2019, 12:44 pm

bluestonevedder wrote:
Welly wrote: can't call it fan owned when two people own 50% of the company really.

Who is that Welly?

Tom Scott and Peter Tom

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Post by Irish Londoner on Tue 25 Jun 2019, 1:11 pm

LondonTiger wrote:
bluestonevedder wrote:Who currently owns them? And how will this impact their competitiveness next season?

Fans mainly. I have 200 shares dating back to a long time ago (1998 I think)

I wouldn't get too excited I think they're worth around £2 - £2.50 each.

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Post by LondonTiger on Tue 25 Jun 2019, 1:30 pm

Irish Londoner wrote:
LondonTiger wrote:
bluestonevedder wrote:Who currently owns them? And how will this impact their competitiveness next season?

Fans mainly. I have 200 shares dating back to a long time ago (1998 I think)

I wouldn't get too excited I think they're worth around £2 - £2.50 each.

I had assumed less.

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Post by formerly known as Sam on Tue 25 Jun 2019, 6:55 pm

Is this why there has been so much inaction in off the field appointments? If so it's the board failing a final time because a Tigers with a quality coaching set up would be more likely to sell than what we currently have, especially as the defence coach and coaching consultant are out of contract.

Hoping we get Top come in and bring us into the King Power family. Maybe we could share the new training complex as well.

Irish Londoner wrote:
LondonTiger wrote:
bluestonevedder wrote:Who currently owns them? And how will this impact their competitiveness next season?

Fans mainly. I have 200 shares dating back to a long time ago (1998 I think)

I wouldn't get too excited I think they're worth around £2 - £2.50 each.

Would help pay for a European jaunt this season though.

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Post by mikey_dragon on Wed 26 Jun 2019, 2:46 am

Welly wrote:
bluestonevedder wrote:
Welly wrote: can't call it fan owned when two people own 50% of the company really.

Who is that Welly?

Tom Scott and Peter Tom

What ever happened to the scourge of Ospreys, Peter Wheeler?

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Post by formerly known as Sam on Wed 26 Jun 2019, 7:12 am

mikey_dragon wrote:
Welly wrote:
bluestonevedder wrote:
Welly wrote: can't call it fan owned when two people own 50% of the company really.

Who is that Welly?

Tom Scott and Peter Tom

What ever happened to the scourge of Ospreys, Peter Wheeler?

Retired as a director a couple of years back. Is due to become RFU president in August.

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Post by nathan on Wed 26 Jun 2019, 9:31 am

Jan McGinity confirmed as head of elite performance recruitment. Hopefully he'll be better than Glynn

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Post by formerly known as Sam on Wed 26 Jun 2019, 9:46 am

nathan wrote:Jan McGinity confirmed as head of elite performance recruitment. Hopefully he'll be better than Glynn

Glynn wasn't all bad. The recruitment of Denton, Spencer and Thompson last summer for instance. His overhaul of the academy has enabled Taylor to transform it. He was promoted above his experience and ability but McGinty coming should help rectify that.

Pat Howard returning as coaching mentor is also excellent news.

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Post by SecretFly on Wed 26 Jun 2019, 9:58 am

Cue Vader's big entrance music as Mourad Boudjellal walks into Leicester's Head Office with a few bags full of loot.


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Post by The Oracle on Wed 26 Jun 2019, 11:07 am

Gwent Dragons were sold for around £3.5m. Go figure!
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Post by SecretFly on Wed 26 Jun 2019, 11:24 am

The Oracle wrote:Gwent Dragons were sold for around £3.5m.  Go figure!  

....to PhilBB???

Good lad. Finally has an investment to cheer for in Pro14.

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Post by formerly known as Sam on Wed 26 Jun 2019, 2:31 pm

SecretFly wrote:Cue Vader's big entrance music as Mourad Boudjellal walks into Leicester's Head Office with a few bags full of loot.


I think the whole stunt is because someone like that has already tried this and the board are trying to sell the club to someone like the King Power Group instead. I suspect they'd be a few interested parties but even fewer that would add something to Leicester Tigers.

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Post by WELL-PAST-IT on Wed 26 Jun 2019, 3:13 pm

Tigers have the largest crowd attendances of any GP club, only Bristol and Wasps can get close, they have 50% more than say Saints and 200% more than Sale and Worcester. Unless their ticket prices are very cheap, thus attracting bigger crowds, they should be earning more than anyone else and with the wage cap, should not be spending much more.

How does more investment in better players work if you are limited on your spending? You can only clear out the players coming to an end of their contracts unless you come to an accommodation.

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Post by Brendan on Wed 26 Jun 2019, 3:53 pm

If the King Power group purchased them would they be like Treviso and get their name changed to the owners, something like the King Power Tigers. Would fans care as long as Tigers was in there.

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Post by LondonTiger on Wed 26 Jun 2019, 4:57 pm

Brendan wrote:If the King Power group purchased them would they be like Treviso and get their name changed to the owners, something like the King Power Tigers.  Would fans care as long as Tigers was in there.

They did not change the name of Leicester City, just the name of the stadium (perhaps via naming rights). No point having two King Power Stadiums in one city Very Happy

I am really not sure what rugby benefits would be brought by new owners, unless we believe the cap will be removed and the GP is about to become an arms race.

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Post by formerly known as Sam on Wed 26 Jun 2019, 8:38 pm

WELL-PAST-IT wrote:Tigers have the largest crowd attendances of any GP club, only Bristol and Wasps can get close, they have 50% more than say Saints and 200% more than Sale and Worcester. Unless their ticket prices are very cheap, thus attracting bigger crowds, they should be earning more than anyone else and with the wage cap, should not be spending much more.

How does more investment in better players work if you are limited on your spending? You can only clear out the players coming to an end of their contracts unless you come to an accommodation.

Three years of losses whilst the board have got some capital projects going. The board have set everything up and aren't getting any younger. They might feel they've taken everything as far as they can and they need an injection of fresh thinking. Certainly the decisions in relation to the first team have not been good.

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