A LOTTERY millionairess will announce a significant investment in Sheffield Sharks today, securing the medium term future of the club.
The investor is believed to be Chesterfield’s Karen Child, 38, the former Tesco till assistant who won £8m in 2007.
The undisclosed windfall comes at a good time with Sharks having struggled to cope with cuts to funding for youth and health initiatives.
Previously able to compete with the biggest BBL spenders, Sharks have had to cut their cloth over the last two seasons, leading to a decline in results.
It’s been hard to take for supporters alike who have been used to regular trophies at their Chapeltown HQ.
But while The Star understands that the new investor won’t be presenting a blank cheque it will allow for breathing room while Sharks develop community schemes. Sharks will also look at “putting down firm community roots” to help junior programmes.