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, 04 September 2015
Blue Bulls v Free State Cheetahs 17h10 Loftus Versfeld
Sat, 05 September 2015
Sharks v Pumas 13h00 Kings Park, Durban
England v Ireland 13h30 London
Western Province v Griquas 15h05 Newlands
Wales v Italy 17h00 Cardiff
Golden Lions v EP Kings 17h10 Ellis Park
France v Scotland 19h00 Paris
Sun, 06 September 2015
United States v Australia 00h30 Chicago
EUROPEAN CUP
MORE LOGS
Team P W D L Pts
Clermont Auvergne 6 5 0 1 22
Saracens 6 4 0 2 17
Munster 6 3 0 3 15
Sale Sharks 5 0 0 5 2
Leinster 6 4 1 1 20
Wasps 6 3 1 2 18
Harlequins 6 4 0 2 18
Castres 6 0 0 6 1
Toulon 6 5 0 1 22
Leicester Tigers 6 3 0 3 13
Ulster 6 2 0 4 12
Scarlets 6 2 0 4 8
Bath 6 4 0 2 19
Toulouse 6 4 0 2 17
Glasgow Warriors 6 3 0 3 15
Montpellier 6 1 0 5 6
Racing Metro 6 5 1 0 24
Northampton Saints 6 4 0 2 19
Ospreys 6 1 1 4 9
Treviso 6 1 0 5 4