Gloucester to seek investment in club's 'future'

Kingsholm has been Gloucester's home since 1891

Gloucester Rugby have announced plans for an investment offer to "protect the future" of the club.

The Cherry and Whites want to raise the cash to help develop the academy system and training centre at their Kingsholm ground.

The club announced they made a loss of about £500,000 in their latest accounts as the English game struggles to turn a profit.

Gloucester have labelled the enterprise 'A Piece of Holm' - a reference to their home ground since 1891.

"A Piece of Holm is seeking to raise investment to support Gloucester Rugby's ambition to realise its vision, developing local, home-grown talent to create a world-class environment for future Cherry and White greats," said a statement on investment platform Republic.

"Investment will go directly to the academy system and training centre at Kingsholm, creating an unrivalled space to grow and develop our talent pool, across both women and men's teams, contributing to our key objective; a sustainable professional rugby business, protecting the future of this great club and its place at the heart of the community."

In 2003, then-owner Tom Walkinshaw launched 'Project Kingsholm' and set up the Kingsholm Supporters Mutual in order to fund the redevelopment and increase the capacity of their home ground.

Gloucester currently sit ninth in the early Prem standings, one of just two sides without a league win this season.

Their women's team - Gloucester-Hartpury - have won three consecutive PWR titles.