Leicester Tigers To Float Debt
By: Ainsley Brown
Yes that right, I am referring to the English Rugby team – the Leicester Tigers.
Sorry but I just had to do this, being a rugby fan and all, I will make any excuse to write on the subject.
The Leicester Tigers, the current Guinness Premiership – the English Rugby Union’s top competition – it would seem are planning to float some of its debt some time next year. The plans are to dual list on the Channel Islands Stock Exchange and either London’s AIM or the Plus Market the £3m it raised.
Could a full blow stock listing be in the offing?
Well with the club being currently advised by the stockbrokers Cenkos on this financing maneuver the possibilities are endless.
The money was raised to help pay for £15m, 10,000 seat grand stand in their 24,000 capacity stadium. Most of the money for the grandstand was financed through a loan from HSBC and the additional £3m will be used to pay for conference and bar facilities, according to the Times.
Hmmm…a rugby team stock? looks like its time for me to invest