New Investor for Lions
KUKA Robotics has announced plans to be club sponsor for the Rugby Football Club, moving into the 2013-14 season. As part of the deal, the Wednesbury-based industrial robot supplier will have its logo on all of the club’s shirts, and have prominence with regards the company’s promotional fare at the ground, and within match-day programmes.
KUKA is a wholly-owned subsidiary of KUKA Roboter GmbH, which in turn is owned by KUKA AG, which recently announced preliminary figures for 2012 showing a 1.9 billion Euro turnover, and a 100m Euro EBIT profit level. KUKA has assets valued in excess of 1 billion Euros, a strong free-cash position, and is a prolific share-price performer on the German DAX market.
There are over 20 global subsidiaries of KUKA, the UK-based Robotic division being run by ex-Lion’s player, Managing Director, Jeff Nowill.
“I am hoping that with such a strong and proven financial backer, The Rugby Football club will now be able to convince both players and other investors alike of the health of the club from this point onwards”, quotes Nowill. “We are a financially strong and profitable subsidiary of a financially strong and profitable parent; we are accustomed to success, driven from strong foundations, and hope for the same traits to prevail at the club we are now associated with”.
As part of the deal, Jeff Nowill has now agreed to return to the club in an operational role, and was announced as Vice Chairman at a committee meeting held on Monday 11th January.