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SBD Global/May 21, 2013/Finance

Championship Rugby Club Nottingham In Talks With Two Potential Owners

Financially-troubled Championship side Nottingham Rugby is "in discussions with two potential new owners," according to the BBC. Nottingham Rugby Chair Alistair Bow also revealed that club directors helped finance the £250,000 ($382,000) shortfall "needed to finish their last campaign." However, he said that hopes of returning to the playoff semifinals next term "rest on the confirmation of a new backer." Bow: "There have been positive conversations going on for a while now. At this level we have an annual shortfall that can be anywhere up to £500,000 and as a club we could quite happily survive on what we generate from income. But if we want to continue playing at the top of the Championship we do need to find a major investor" (BBC, 5/20).
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