GLOUCESTER IN TALKS WITH SOME INVESTORS
Gloucester iscurrently in discussions with potential investors as Gavin Gleaveseems set to increase his shareholding.
If any of them were to go through it would be on a smaller scale than the collapsed MohedAltrad proposal, where the billionaire’s attemptto purchase a 45% share from majority shareholder Martin St Quinton was thwarted by Premiership Rugby.
The current CEO of planning and construction company F3 Group, MrGleaveis thought to own about 10% of the club after joining the club as a non-executive director in last year October and he is in talks with Chairman, St Quinton about purchasing more shares.
“The talk is still going on which I expect it to happen,” he said. “They are very good friends and they have worked together for many years. I and Martin are still out there discussing with other parties that have interest, Gloucester is a good club for investors.
Gleave stated that after the fall through of the Altrad deal, several other people were interested in investing in the club. He stated that the discussions were now being made and any person, who wishes to invest, would have to do so on a lower scale.
Speaking, Vaughan claimed that at Gloucester, it’s been business as usual since the collapse of the Altrad deal and he doesn’t expect the Montpellier owner to bring up his interest in any way.
Vaughan also stated that the club was approached with a fantastic offer but the way it panned out was quite disappointing.
He also noted that Altrad was yet to state the reason why he was not allowed to purchase 45% of the shares.
Vaughan as well revealed he is setting up a supporters’ feedback forum to be held next month, where a small group of carefully picked fans from across the demographic will be able to express their opinion on some heavy decisions.