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.
Il Bacio Express, an authentic Sardinian restaurant which was established by our client in 2000. Our client is now looking forward to moving back to Sardinia. Il Bacio Express opened in 2000 as a pizza and pasta café. Since then the business has grow...
LEASEHOLD
Specialises in providing complete, responsive loss adjusting services for property, motor, goods in transit and liability insurance claims. The shareholders are offering the business for sale due to their retirement plans. Offers invited.
FREEHOLD
Gas leakage repair solutions and pipeline corrosion protection to the utilities industry. Strong second-tier management team in place able to run the day-to-day operations of the business. Offers invited.
LEASEHOLD
|
22
|
|
Jan
|
Jewellery retailer enters administration | ADMINISTRATION
A Nottingham-based jewellery and watches company has fallen ...
|
19
|
|
Jan
|
Luxury lodging group enters administration | ADMINISTRATION
An Essex-based company which operates eight luxury lodge par...
|
17
|
|
Jan
|
Fine paper business enters administration | ADMINISTRATION
Arjowiggins UK, which operates a number of trading companies...
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