WRU takes control after Cardiff rugby club placed into administration
WRU tells fans season ticket payments will be honouredUnion says owner ‘unable to meet obligations to fund club’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. Continue reading...
- WRU tells fans season ticket payments will be honoured
- Union says owner ‘unable to meet obligations to fund club’
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. Continue reading...
