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.
In a prime location, this freehold business opportunity includes a detached, well-equipped bakery factory along with a retail outlet and cafe, all part of a family business with a century of trading history.
Established in key industries like power generation and rail, this company offers specialised electrical and engineering services across the UK and Ireland, boasting strong relationships with blue-chip clients and a reliable income stream.
This well-established company has a decade-long track record in a growing market and is fully relocatable or can be operated remotely, providing flexibility for the new owner.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.