Leicester Tigers have announced plans to raise £13m through a share subscription via two investors to help secure the club’s future.
The subscription would come from Tom Scott, who would fund up to £10m, and Peter Tom, who is expected to fund £3m.
Scott is a current member of the Tigers board, as is former player Tom.
“We’re very grateful that Peter and Tom are looking to extend their investment in Tigers,” said the club’s executive Andrea Pinchin.
“The club is suffering some very challenging conditions from factors mostly outside of our control,” she added.
The Tigers were put up for sale ...