Nottingham Rugby has today announced that the club is
under new ownership as a management-led team completed the purchase
of the club from the former owners Jason Brewer and Luke Jones on
The new group, led by existing directors Alistair Bow and Simon
Beatham, are all known 'friends' of Nottingham Rugby, representing
a significant shift from the previous ownership structure of the
club. The rescue package represents the first step towards securing
the club's future in the Greene King IPA Championship and enables
Nottingham Rugby to meet its immediate financial demands. Further
discussions are ongoing with other interested parties, who share
the passion for the club and who want to help see it prosper.
Club Chairman Alistair Bow will remain with the club in his
current role, whilst existing Directors Simon Beatham and Diane
Orson will also stay on the board. They are joined by Philip
Barltrop, former Finance Director of Aggregate Industries UK and
Chris Simon, the club's current Operations Director. Further board
appointments will be made in due course.
On confirmation of the sale, Club Chairman Bow said:
"This is good news for Nottingham Rugby, but we've still got a
lot of work to do. We've been working hard for almost 12 months to
secure the necessary funding to ensure the survival of one of the
oldest rugby clubs in the country. I'd like to welcome all of our
new shareholders to Nottingham Rugby and thank them for their
commitment for the next three seasons. We're on the way to
achieving the first stage of our plan, which was to stabilise the
club and make sure we have a base level of funding to maintain our
existence and place in the Championship at least."
Nottingham Rugby has been seeking new investment for almost a
year. The club has faced tough times on and off the field since
climbing to its highest ever Championship finish of 2nd
place in April 2013. The club narrowly missed out on a place in the
Premiership Play-Off Final against Newcastle.
The first group of investors has secured the immediate future of
Nottingham Rugby and discussions are taking place with several
parties to help add further stability to the Championship side. The
board is hopeful that they will have more positive news in the next
Chief Executive, Simon Beatham said:
"We've achieved our initial objective of securing immediate
stability for the club, but our target is to ensure we have the
mechanics in place to take us up to the end of the 2015-16 season.
This is when the league structure and agreement with the RFU (Long
Form Agreement) will be renegotiated. It's extremely important that
we have a position at the top table of professional rugby until at
least that season."
"This initial group of shareholders have shown tremendous
commitment to keeping this great club of ours going for the next
three seasons, although that will not distract us from our
continuing discussions with other interested parties who share our
aspirations to once again challenge at the top end of the
championship. Playing professional rugby at this level currently
needs significant investment to make up the shortfall.
"We want to challenge for the play-offs again and to do this we
still need to invest further in the club. I genuinely believe, as
do my colleagues, that we are capable of bringing Premiership Rugby
to Meadow Lane at some stage in the near future. Today's
announcement enables us to get back onto that journey, but we all
know we've still got a long way to go and need the support of the
people of Nottingham, Nottinghamshire and the surrounding areas to
be able to achieve our vision."
Nottingham's next game is against Munster away on Friday
10th January as the club looks to qualify for the
quarter finals of the British and Irish Cup. A win in Ireland will
make it a showdown versus Plymouth on Saturday 18th
January, kick off 1pm.
For further details on Nottingham Rugby, please visit: www.nottinghamrugby.co.uk
or call 0115 9070070.