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.

There are currently no matches being played
FIXTURE GMT VENUE
Fri, 20 April 2018
Blues v Highlanders 07h35 Eden Park
Waratahs v Lions 09h45 Sydney
Ulster v Glasgow Warriors 19h35 Kingspan Stadium
Sat, 21 April 2018
Crusaders v Sunwolves 07h35 Christchurch
Reds v Chiefs 09h45 Suncorp Stadium
Bulls v Rebels 13h05 Loftus Versfeld
Leinster v Scarlets 14h30 Dublin
Sharks v Stormers 15h15 Durban
Zebre v Ospreys 16h45 Parma
Ulster v Glasgow Warriors 17h05 Kingspan Stadium
Sun, 22 April 2018
Brumbies v Jaguares 06h05 Canberra
Racing Metro v Munster 14h15 Paris
EUROPEAN CUP
MORE LOGS
Pool 1
Team P W D L Pts
La Rochelle 6 4 0 2 20
Wasps 6 3 0 3 17
Ulster 6 4 0 2 17
Harlequins 6 1 0 5 7
Pool 2
Team P W D L Pts
Clermont Auvergne 6 5 0 1 22
Saracens 6 3 1 2 18
Ospreys 6 2 1 3 15
Northampton Saints 6 1 0 5 6
Pool 3
Team P W D L Pts
Leinster 6 6 0 0 27
Exeter Chiefs 6 3 0 3 15
Montpellier 6 2 0 4 13
Glasgow Warriors 6 1 0 5 7
Pool 4
Team P W D L Pts
Munster 6 4 1 1 21
Racing Metro 6 4 0 2 19
Castres 6 2 1 3 12
Leicester Tigers 6 1 0 5 7
Pool 5
Team P W D L Pts
Scarlets 6 4 0 2 21
Toulon 6 4 0 2 19
Bath 6 4 0 2 18
Treviso 6 0 0 5 4