Tigers shareholders accept investments from director

Loan notes and share purchase to save nearly £250k a year in interest payments

A Leicester Tigers shareholders meeting on 19 August approved the redemption of loan notes and purchase of shares by director Tom Scott.

Scott can buy 3 million shares at £1.83 each, increasing his holding of ordinary shares to 46%. The club says the arrangements will save the club almost £250,000 a year in interest payments on the loan notes.

Last year the club paid interest on its debts of £370,000. For more detail see analysis of Tigers finances.

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