Today in Sports
  • Home
  • Featured News
  • Football
  • Basketball
  • Baseball
  • More
    • Rugby
    • Golf
    • Boxing
    • Soccer
    • NBA
    • Racing
    • Cricket
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us
No Result
View All Result
  • Home
  • Featured News
  • Football
  • Basketball
  • Baseball
  • More
    • Rugby
    • Golf
    • Boxing
    • Soccer
    • NBA
    • Racing
    • Cricket
No Result
View All Result
Today in Sports
No Result
View All Result

WRU takes control after Cardiff rugby club placed into administration | Cardiff Rugby

April 9, 2025
in Rugby
0
Home Rugby
Share on FacebookShare on Twitter


You might also like

Pumas claw Griquas to claim SA Cup crown

Tom Brady Reveals He Wasn’t Involved In Raiders’ QB Evaluation Process

Northampton player ratings vs Bordeaux

The Welsh Rugby Union has taken control of Cardiff after the club’s legal entity Cardiff Rugby Limited was placed temporarily into administration by its directors.

The WRU said the decision was made “once it became clear that the club’s owner, Helford Capital, was unable to meet its obligations to fund the club as it was contractually obliged to do”. The appointed administrator PwC has sold the club’s business and assets to the WRU.

Abi Tierney, the WRU chief executive, said it was “unthinkable for us to allow the demise of professional rugby in the Welsh capital”. The governing body confirmed that Cardiff players and staff will be unaffected by the sale and fixtures will be fulfilled, with season and match tickets remaining valid.

Cardiff play in the United Rugby Championship and are next due to be in action on 19 April as part of Welsh rugby’s Judgement Day at the Principality Stadium. They also face URC fixtures against Munster at home, then the Bulls and Stormers in South Africa. The league’s top eight finishers secure a playoff place, with Cardiff now ninth.

The WRU added that pre-payments for 2025-26 season tickets will also be honoured, as will existing sponsorship arrangements that have been paid for in advance. Tierney confirmed the WRU will take over Cardiff, “recognising its critical importance to the future of Welsh rugby”. She said: “We have been keeping in close contact with the Cardiff Rugby board for several months once they became aware of the risks to anticipated shareholder funding not being available.

“As a result, the WRU has been able to move quickly to provide support for Cardiff. Players, staff and supporters can be assured that professional rugby will continue at Cardiff Arms Park. Cardiff has always been a major contributor to our player pathway, and is critical to the success of our One Wales strategy both on and off the field.

“In the coming months we will be actively seeking investors who wish to play their part in ensuring this is achieved and Cardiff returns to the top table of club rugby.

“It is unthinkable for us to allow the demise of professional rugby in the Welsh capital, and there has been no hesitation for the WRU as we quickly moved to pull a rescue package together.”

Quick Guide

Welsh Rugby Union announces job losses amid restructuring

Show

The Welsh Rugby Union (WRU) has announced that its restructuring programme will lead to job losses.

The WRU hopes its five-year “One Wales” strategy, which includes a newly structured performance department, will sure up its finances and provide £5m in annual savings.

As a result of the changes, up to 20 jobs are at risk, with a period of consultation to begin with those affected.

“There will be investment in key areas, which will enable growth, as we complete our transformation programme. Regrettably, there will also be a small number of job losses,” Abi Tierney, the chief executive, said.

“We will make sure we look after those people affected by these changes and do everything possible to ensure their wellbeing and welfare during our consultation process.”

PA Media

Thank you for your feedback.

The developments come just 16 months after Cardiff looked to have secured their long-term future when Helford Capital’s acquisition of a majority shareholding was approved at a general meeting of club members, when a 99.99% majority voted through the takeover. Helford, an investment group led by the businessmen Phil Kempe and Neal Griffith, acquired an 84.55% shareholding.

skip past newsletter promotion

The latest rugby union news and analysis, plus all the week’s action reviewed

Privacy Notice: Newsletters may contain info about charities, online ads, and content funded by outside parties. For more information see our Privacy Policy. We use Google reCaptcha to protect our website and the Google Privacy Policy and Terms of Service apply.

after newsletter promotion

Rob Lewis, joint administrator and partner at PwC, said: “We are delighted to have completed this transaction which provides the opportunity for a period of stability for professional rugby in Cardiff.

“The structure of the transaction means that the club will be able to continue to trade seamlessly under new ownership and fulfil its playing obligations in both the United Rugby Championship and Super Rygbi Cymru competitions this season and beyond, with minimum disruption to players and fans.”

In a statement issued by the WRU the Cardiff chair, Alun Jones, said: “We are incredibly grateful to the Welsh Rugby Union for securing our financial stability and ensuring professional rugby continues in Cardiff as we approach our 150th season.”



Source link

Tags: administrationCardiffClubcontrolRugbyTakesWRU
Share30Tweet19

Recommended For You

Pumas claw Griquas to claim SA Cup crown

by TODAY IN SPORTS
May 24, 2025
0
Pumas claw Griquas to claim SA Cup crown

The Pumas dethroned Griquas with a convincing win in the SA Cup final at the Mbombela Stadium on Saturday. The hosts led 19-7 at the break and went...

Read more

Tom Brady Reveals He Wasn’t Involved In Raiders’ QB Evaluation Process

by TODAY IN SPORTS
May 24, 2025
0
Tom Brady Reveals He Wasn’t Involved In Raiders’ QB Evaluation Process

Coming into the offseason, the biggest question surrounding the Las Vegas Raiders was the quarterback position. However, the franchise was expected to address that this summer, with minority...

Read more

Northampton player ratings vs Bordeaux

by TODAY IN SPORTS
May 24, 2025
0
Northampton player ratings vs Bordeaux

Northampton Saints player ratings: Northampton fell short in their pursuit of a second Investec Champions Cup title on Saturday, losing to Bordeaux-Begles 28-20 at the Principality Stadium.The Saints were...

Read more

Shaun Edwards picks out ‘unbelievable’ Wales player who stuck out above the rest

by TODAY IN SPORTS
May 24, 2025
0
Shaun Edwards picks out ‘unbelievable’ Wales player who stuck out above the rest

Former Wales coach Shaun Edwards revealed the most inspiring players he has worked withLegendary Wales defence coach Shaun Edwards picked out the winger on a recent podcast.(Image: (Photo...

Read more

Spencer sparkles for Bath to overwhelm Lyon and win European Challenge Cup | European Challenge Cup

by TODAY IN SPORTS
May 23, 2025
0
Spencer sparkles for Bath to overwhelm Lyon and win European Challenge Cup | European Challenge Cup

Bath have been waiting a long time for nights like this. A first major trophy for 17 years – and only their second since they lifted the Heineken...

Read more
Next Post
Alycia Parks, Bernarda Pera and Hailey Baptiste to Join U.S. Billie Jean King Cup Tennis Team for 2025 Qualifying this Weekend in Slovakia

Alycia Parks, Bernarda Pera and Hailey Baptiste to Join U.S. Billie Jean King Cup Tennis Team for 2025 Qualifying this Weekend in Slovakia

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Alcaraz, Medvedev headline stacked field

Alcaraz, Medvedev headline stacked field

February 1, 2025
Luis Diaz urged to remain at Liverpool unexpectedly former participant amid £75m exit hyperlinks – Liverpool FC

Luis Diaz urged to remain at Liverpool unexpectedly former participant amid £75m exit hyperlinks – Liverpool FC

April 13, 2024
Guardiola: Lovable McAtee is ´lovable´

Guardiola: Lovable McAtee is ´lovable´

October 2, 2024

Browse by Category

  • Athletics
  • Baseball
  • Basketball
  • Boxing
  • Cricket
  • Football
  • Golf
  • MMA
  • NBA
  • NFL
  • Racing
  • Rugby
  • Soccer
  • Tennis
Today in Sports

Get the Latest Sports News and Updates on TodayInSports.net. Soccer News, Basketball News, Baseball News, Golf News, Boxing News and More!

CATEGORIES

  • Athletics
  • Baseball
  • Basketball
  • Boxing
  • Cricket
  • Football
  • Golf
  • MMA
  • NBA
  • NFL
  • Racing
  • Rugby
  • Soccer
  • Tennis

Recent News

  • Liverpool negotiating a move to sign Milos Kerkez
  • ‘Rod Gotta Go’ — Hurricanes Fans Ready To Wave White Flag After Game 3 Loss to Panthers
  • Man United to allow Evans, Lindelof and Eriksen to leave
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Get the Latest Sports News and Updates on TodayInSports.net.
  • Privacy Policy
  • Terms and Conditions

Copyright © 2024 Today in Sports.
Today in Sports is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Featured News
  • Football
  • Basketball
  • Baseball
  • More
    • Rugby
    • Golf
    • Boxing
    • Soccer
    • NBA
    • Racing
    • Cricket

Copyright © 2024 Today in Sports.
Today in Sports is not responsible for the content of external sites.