Connacht in financial crisis

Sun, 19 Jan 2014 14:34
Large robbiehenshawconnacht Large connacht celebrate630 Large patlamconnacht

Irish club Connacht are reportedly facing a crippling shortfall of €900,000 at the end of the current financial year.

Irish club Connacht are reportedly facing a crippling shortfall of €900,000 at the end of the current financial year.  

According to Irish Independent, it was confirmed at an Ireland Rugby Football Union (IRFU) committee meeting in December that overspending and a shortfall in projected income will result in a near €1 million deficit.

While it's unlikely that Connacht will close their doors, as was first feared in 2003, the pressure will be on the club's Professional Game Board to prove they can competently run the club, with the IRFU set to investigate how Connacht conduct their affairs.

Tom Sears' failed 15-month stint as chief executive is believed to have contributed to the Pat Lam-coached club's dire financial situation. The club are yet to appoint a replacement for Sears.

Connacht crashed to a 6-64 loss in their final European Cup pool game against Saracens at Allianz Park on Saturday.

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FIXTURE GMT VENUE
Wed, 31 May 2017
New Zealand U20 v Scotland U20 07h00 AIA Arena
England U20 v Samoa U20 07h00 Tbilisi
South Africa U20 v France U20 09h30 Tbilisi
Ireland U20 v Italy U20 09h30 AIA Arena
Argentina U20 v Georgia U20 12h00 Tbilisi
Australia U20 v Wales U20 14h30 Tbilisi
Fri, 02 June 2017
Blues v Reds 07h35 Auckland
Sat, 03 June 2017
Crusaders v Highlanders 02h35 Christchurch
Chiefs v Waratahs 05h05 Hamilton
NZ Barbarians v B&I Lions 07h35 Toll Stadium
Brumbies v Rebels 09h45 Canberra
Force v Hurricanes 11h35 Perth
Sun, 04 June 2017
Ireland U20 v Scotland U20 07h00 AIA Arena
Argentina U20 v France U20 07h00 Tbilisi
New Zealand U20 v Italy U20 09h30 AIA Arena
Australia U20 v Samoa U20 09h30 Tbilisi
South Africa U20 v Georgia U20 12h00 Tbilisi
England U20 v Wales U20 14h30 Tbilisi
RESULT SCORE
Sun, 28 May 2017
Lions v Kings 54 | 10
Sat, 27 May 2017
Jaguares v Brumbies 15 | 39
Munster v Scarlets 22 | 46
Sharks v Stormers 22 | 10
Wasps v Exeter Chiefs 20 | 23
Bulls v Hurricanes 20 | 34
Rebels v Crusaders 19 | 41
Highlanders v Waratahs 44 | 28
Sunwolves v Cheetahs 7 | 47
Fri, 26 May 2017
Reds v Force 26 | 40
Blues v Chiefs 16 | 16
Sun, 21 May 2017
Waratahs v Rebels 50 | 23
Sat, 20 May 2017
Kings v Brumbies 10 | 19
Munster v Ospreys 23 | 3
Wasps v Leicester Tigers 21 | 20
EUROPEAN CUP
MORE LOGS
Pool 1
Team P W D L Pts
Munster 6 5 0 1 24
Glasgow Warriors 6 4 0 2 19
Leicester Tigers 6 2 0 4 8
Racing Metro 6 1 0 5 5
Pool 2
Team P W D L Pts
Wasps 6 4 1 1 22
Toulouse 6 3 2 1 18
Connacht 6 4 0 2 18
Zebre 6 0 0 6 0
Pool 3
Team P W D L Pts
Saracens 6 5 1 0 24
Toulon 6 3 0 3 16
Scarlets 6 2 1 3 11
Sale Sharks 6 1 0 5 4
Pool 4
Team P W D L Pts
Leinster 6 4 1 1 23
Montpellier 6 3 0 3 16
Castres 6 2 1 3 12
Northampton Saints 6 2 0 4 9
Pool 5
Team P W D L Pts
Clermont Auvergne 6 5 0 1 26
Bordeaux 6 3 0 3 14
Exeter Chiefs 6 2 0 4 12
Ulster 6 2 0 4 10
Pool Challenge Cup
Team P W D L Pts
Gloucester 0 0 0 0 0
Stade Francais 0 0 0 0 0