Leicester plan £13m investment to tackle ‘very challenging conditions’

Leicester’s bid to raise funds comes in the wake of two Premiership clubs – Worcester and Wasps – going to the wall. Photograph: Isaac Parkin/PA

Leicester Tigers have admitted they are “suffering some very challenging conditions” and are intent on raising £13m of fresh investment in the Premiership champions from two directors.

The Welford Road club’s proposal would mean Tom Scott, a nonexecutive director, and the executive chairman, Peter Tom, increasing their stakes and shareholders will vote on whether to accept the board’s plans next month.