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Leicester Tigers board plan additional investment

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Leicester Tigers directors Tom Scott and Peter Tom have made an investment commitment which could raise up to £13m for the club.

The proposal would see Scott, a non-executive director, and executive chairman Tom increase their shareholdings in the club.

Shareholders will vote on whether to accept the board's plans on March 3.

More information can be found here.

"Tom Scott is a long-standing supporter of the club and a valued member of the board of directors who over his tenure with the club has already invested over £10m." Leicester Tigers’ CEO Andrea Pinchen said in a statement.

“Peter Tom has been Chairman of Leicester Tigers since 1993, having made 130 appearances for the club between 1963 and 1968 and has been a huge part in navigating the club through the professional era.

"We are very grateful that Peter and Tom are looking to extend their investments in Leicester Tigers at a time when the club is suffering some very challenging conditions from factors mostly outside of our control.

"Their decision to invest at this time will give the club the financial assurance to execute the club’s strategy of continued success and financial sustainability.