Leicester Tigers say they are up for sale and they are open to offers in the region of £60m
In a statement released this morning the club confirmed an article from The Times, and said an “offer period” has begun..
The club said that the move follows a lucrative investment in Premiership Rugby Ltd by CVC, which is expected to pump cash into the top clubs.
The statement continues: “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.
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— Leicester Tigers (@LeicesterTigers) June 25, 2019
We have today announced plans for the sale of the club alongside a full strategic review as part of long-term plans to reclaim our status as a dominant force in English and European Rugby.https://t.co/b8IqwWuLDc
“Tigers is 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 statement continues: “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.
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“Tigers is 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.