Hull KR face big week as investor seeks controlling stake
HULL KR are heading into a crucial week in terms of the club's financial position as talks over a 'potential major investment' could come to a head.
As first revealed by the Mail, a local businessman has made an offer to join the KR board and plough a significant amount of money into the Robins.
That offer was first made almost two months ago, and following a period of due diligence, the Mail understands Rovers are hopeful of a deal being done.
The identity of the potential investor has been kept a closely-guarded secret at Craven Park.
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However, sources say the interested party is a Hull businessman who now works mainly out of the city.
Sources have also told the Mail that should the deal go through, although not a complete takeover, due to the size of his investment, the new investor would take a controlling stake in the club.
It is expected that chairman Neil Hudgell and vice-chairman Rob Crossland would both retain their current positions on the board going forward.
When contacted by the Mail, Hudgell said the matter was at a 'too sensitive stage' to make any comment.
He did, however, confirm that the investment was still very much under consideration and that progress had been made in recent weeks.
He also said he was hopeful of an outcome over the next seven days.
The offer of investment has come about after both Hudgell and Crossland appealed for more support, having under-written losses at KR every year since the club was promoted to Super League in 2006.
Those losses topped £500,000 in the last financial year, leading to the pair conducting a full review of the club's long-term financial viability.