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.
Indoor trampoline park offering a wide variety of activities including, dodgeball, battlebeam, jump tower, interactive wall, bouldering wall, inflatables, Ninja warrior, basketball, toddler area, mini football pitch, dance school, tricking classes, s...
LEASEHOLD
Viewing: Thursday 23 May 2019 between 9am and 12 Noon. (By appointment only). Closes From 12 Noon Tuesday 28 May 2019.
Formal offers for the business as a whole to be received no later than 12 noon on Friday 24 May 2019. An opportunity exists to purchase the business and assets of a Recruitment Agency Start-up Business.
|
17
|
|
May
|
Greater Manchester staffing firm acquires security services company | BUSINESS SALE
A security services business headquartered in Newton-le-Will...
|
16
|
|
May
|
Midlothian IT company enters administration with assets up for sale | ADMINISTRATION
An Edinburgh-based IT firm has collapsed into administration...
|
15
|
|
May
|
Logistics recruiters and distributors snaps up Birmingham-based counterpart | BUSINESS SALE
Challenge TRG Group, headquartered in Wigan, has successfull...
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