Hull KR in talks with local businessman Tony Larvin over club buyout
Last Updated: 11/01/13 2:02pm
Hull KR: confirm investment talks with Tony Larvin
Hull KR have announced they are in talks with local businessman Tony Larvin over his offer to make a huge investment in the Super League club.
The 48-year-old Larvin is thought to be ready to plough up to £15m into the Humberside team to transform their fortunes.
Rovers have a debt of around £2m and talks are reportedly at an advanced staged.
A club statement on their website reads: "In light of recent coverage in the media we can confirm that club representatives have met with Tony Larvin regarding a substantial investment in Hull Kingston Rovers.
"Those meetings took place prior to Christmas and again earlier this week.
"At this stage there will be no further comment until such time as the necessary proof of funds has been delivered to the club."
If the deal goes through, Larvin will take full financial control, with chairman Neil Hudgell and vice-chairman Rob Crossland remaining on the board.