Wed, 08 Apr 2015 | BUSINESS SALE
Gloucester Rugby are reportedly up for sale and are said to be welcoming takeover approaches.
The club is, however, remaining cautious and only plans to sell if a deal worth more than £25 million can be secured with the right investor.
Reports from the Citizen & Gloucestershire Echo indicate that the club has hired Cavendish Corporate Finance to oversee any takeover movement. They are expecting to receive a decent amount of interest given its profitable status and low debt.
Chief executive Stephen Vaughan spoke to the publication: “We have asked Cavendish to conduct a strategic review of the club. The owners have a number of other business interests and now might be the right time to pass the baton on.”
He added: “The best case scenario is we find an investor, or group of investors, who want to put money into the club to help me accelerate our objective of being a top four club domestically and in Europe.”
The club is one of only three profitable clubs in the Premiership. Last year they reported revenues of £12 million and a pre-tax yield of £512,000. The club also owns its own ground and, according to Vaughan, is able to generate income from activities other than the game, such as conferencing and concerts.
______________________________________________________________________
Related information:
Search other lifestyle businesses for sale.
Opportunity to acquire the Business & Assets of :- A Well Established National Reprographics and Flexo Plate Manufacturer. Expressions of interest are to be made by COB Thursday 17 October 2019. All offers are to be received by Midday Wednesday 23 Oc...
Service retailer member of Europe's largest buying group. Additional gift shop in the business with additional income streams. Business across 2 units (Retail & Storage, admin & service). Sale and installation and of aerials, satellites and CCTV. Of...
LEASEHOLD
Well established care agency for sale. Situated in a predominantly residential area close to the town centre. Thriving business with ample growth potential. Highly reputed with regular and repeat trade. Offers invited.
RELOCATABLE
|
16
|
|
Oct
|
Automotive supplier completes MBO | MBO/MBI
An automotive products supplier located in South Yorkshire h...
|
15
|
|
Oct
|
Tomlinsons Dairies falls into administration | ADMINISTRATION
Wrexham-based dairy firm Tomlinsons Dairies has announced to...
|
14
|
|
Oct
|
PE firm snaps up independent video game firm | BUSINESS SALE
Private equity firm NorthEdge Capital has successfully acqui...
Sign up to receive our acquisition alert emails to get your FREE guide
|
29
|
|
Jul
|
Lloyds and AIB moot sale of Robert Dyas | BUSINESS SALE
Lloyds Banking Group and Allied Irish Banks are mulling a sa...
|
10
|
|
May
|
Grand Union sale could net founders up to £15m | BUSINESS SALE
The owners of London's popular Grand Union chain of bar...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources