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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Fri, 26 August 2016
Golden Lions v Boland 15h00 Johannesburg
Pumas v Griquas 17h10 Kimberley
Sat, 27 August 2016
New Zealand v Australia 07h35 Wellington
EP Kings v Western Province 14h00 Port Elizabeth
Sharks v Blue Bulls 16h10 Durban
Argentina v South Africa 19h40 Salta
RESULT SCORE
Sat, 20 August 2016
South Africa v Argentina 30 | 23
Golden Lions v Griquas 24 | 30
Australia v New Zealand 8 | 42
Fri, 19 August 2016
Blue Bulls v EP Kings 49 | 35
Western Province v Free State Cheetahs 25 | 32
Boland v Sharks 20 | 41
Sat, 13 August 2016
Free State Cheetahs v Blue Bulls 43 | 20
Golden Lions v Pumas 68 | 26
Fri, 12 August 2016
Sharks v Griquas 46 | 24
EP Kings v Boland 10 | 28
Sat, 06 August 2016
Boland v Free State Cheetahs 16 | 44
Hurricanes v Lions 20 | 3
Fri, 05 August 2016
Pumas v Sharks 10 | 33
Blue Bulls v Western Province 45 | 26
Sat, 30 July 2016
Lions v Highlanders 42 | 30
EUROPEAN CUP
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Pool 1
Team P W D L Pts
Saracens 6 6 0 0 28
Ulster 6 4 0 2 18
Oyonnax 6 1 0 5 7
Toulouse 6 1 0 5 5
Pool 2
Team P W D L Pts
Exeter Chiefs 6 3 0 3 16
Bordeaux 6 3 0 3 16
Ospreys 6 3 0 3 16
Clermont Auvergne 6 3 0 3 15
Pool 3
Team P W D L Pts
Racing Metro 6 4 1 1 22
Northampton Saints 6 4 1 1 19
Glasgow Warriors 6 3 0 3 14
Scarlets 6 0 0 6 2
Pool 4
Team P W D L Pts
Leicester Tigers 6 5 0 1 23
Stade Francais 6 4 0 2 19
Munster 6 3 0 3 15
Treviso 6 0 0 6 0
Pool 5
Team P W D L Pts
Wasps 6 4 0 2 20
Toulon 6 5 0 1 20
Bath 6 2 0 4 10
Leinster 6 1 0 5 6