Corpacq Finance Ltd

  • Sale Sharks Make £800k Loss On Improved Income In 2016-17

    ... company’s income was up 11.4% from the previous year at £8.3m. In season 2016-17 the cost of wages and salaries grew at a greater rate than the increase in revenue. The company is wholly owned by Sharks Holdings Ltd whose registered shareholders are Corpacq Finance Ltd (51%), Steven Diamond (24%), Gerard Mason (20%) and Mark Cueto (5%). Sharks Holdings runs accounts to the end of December each year. See also... Kennedy Sells Sharks To Corpacq    ...

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  • Orange Fields Sharks Questions On Facebook

    The new chairman of Sale Sharks, Simon Orange of Corpacq, conducted a video interview on Facebook earlier this week in which he fields questions from fans about his reasons for getting involved and his plans for the club in the future. Please click the link below to watch... Simon Orange Video Interview With Sale Sharks Fans See also.. Kennedy Sells Sharks To Corpacq...

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  • Kennedy Sells Sharks To CorpAcq

    After 16 years under Brian Kennedy’s control, Sale Sharks have been sold to corporate acquisitions and investment firm Corpacq Ltd, run by Simon Orange and supported by BetFred founder Fred Done and others.  Corpacq is aiming to build on Sale’s success in the Premiership, is targeting a "top spot" and will invest in the senior squad as well as the academy and the commercial team. Orange said: “Sale have performed resiliently over the past 16 years under the ownership of Brian Kennedy an...

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  • Wasps Appoint John Parker As Group Finance Director

    Wasps have announced that John Parker has joined the club from Gloucester as its new group Finance director. Parker joins the Coventry-based club from his role as Finance director and comapny secretary at Gloucester, where he played a big role in bringing the Rugby World Cup to Kingsholm. He will be based at Wasps’ home at the Ricoh Arena and will be responsible for both the club and Arena Coventry Limited, reporting to group chief executive David Armstrong. Parker said: "Joining Wasps is a fa...

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  • Wasps appoint Eastwood as CEO

    London Wasps have appointed former RFU Finance director Nick Eastwood as their new chief executive officer in the wake of the recent takeover of the club. Eastwood, who was Finance director at the RFU for more than a decade and has also worked for The Body Shop and accounting firm Arthur Andersen, will take up the reins on a permanent basis later this week from interim CEO David Thorne. The ICAEW-qualified accountant helped the RFU to increase its net worth from £35m to £180m and improve from...

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  • Sharks Name New Board Chaired By Cotton

    Sale Sharks have named a new board of directors and have appointed ex-England captain and British and Irish Lions prop Fran Cotton as their new chairman. Ex-Sale player Cotton, 69, spent time on the board in 2007 but has taken up his new position after Sale's takeover by investment company CorpArq. Owner of CorpArq, Simon Orange, is confirmed as the Sharks co-owner along with Ged Mason who is chief executive at recruitment company Morson Group. Director of rugby Steve Diamond also takes a positi...

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  • McDonald Steps Up To Managing Director At Bath

    Bath have announced that Tarquin McDonald, the club's Finance and strategy director, will take on the role of managing director with immediate effect. The role coincides with owner Bruce Craig's recently announced title change to executive chairman and follows CEO Nick Blofeld move to step up to a wider group role. McDonald said: "The club remains focused on both becoming one of the best rugby clubs in Europe and keeping Bath Rugby playing at its spiritual home, the Rec. I am excited about con...

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  • Super League Clubs £68.5 Million In Debt

    Super League clubs are facing combined debts of £68.5m, a BBC Inside Out investigation alleges. "There are too many teams generating insufficient turnover and generating too much cumulative debt," sports Finance expert Rob Wilson said. However, the Rugby Football League said the debt should be put into context. "Rugby League's health compares favourably to every other major sport," RFL director of standards and licensing Blake Solly said. "Attendances were at an all-time high in 2012, more pe...

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  • Accounts,Funding and Financial Services

    Rugby Finance, Accounts and Funding.This section focuses on the Finances that drive rugby business. The governing bodies and top tier clubs in league and union in UK and Ireland generate collectively over £600 million in turnover each year.We report and archive financial performance in rugby in more detail than any other media channel. We analyse and compare current rugby Finance and related news against past reports, interview leading figures from rugby bodies and experts in tax, financ...

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  • Gloucester Re-Finances With HSBC

    Gloucester Rugby has secured a multi-million pound Finance package from HSBC which it will use to invest more heavily in its squad over the next 10 years and improve its stadium facilities. The new package has also helped the club reduce its bank borrowings by £300,000 a year. Planned improvements to the club's Kingsholm Stadium, which will be funded by the deal, include a dedicated fan zone, bars, food outlets and a children's area. The club also plans to upgrade its ticketing system. Stephen...

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