Welsh Rugby Stuff

[McTallshort]

Cardiff go into administration as Welsh Rugby Union steps in

Cardiff Rugby enter administration and will be taken over in a rescue operation by the Welsh Rugby Union (WRU).

www.bbc.co.uk

 

[Weldit]

Really worth a listen

 

[Flankers' paradise]

Surely the end of hopes for an increased salary cap next season

 

[Weldit]

Depends I guess. I think a lot of clubs (Wales and UK wide) are living on nothing and this can happen to anyone.

 

[dirty harry]

Really worth a listen

Just listening to this as I make dinner...

First few seconds straight away are shocking, Helford after acquiring ownership just stopped putting money in?!

WTF was going on?

I havnt purchased next years season ticket yet, thankfully.

 

[Weldit]

Just listening to this as I make dinner...

First few seconds straight away are shocking, Helford after acquiring ownership just stopped putting money in?!

WTF was going on?

I havnt purchased next years season ticket yet, thankfully.

Yup. Whatever means tests the WRU used was clearly not good.

 

[dirty harry]

Yup. Whatever means tests the WRU used was clearly not good.

What the hell were they?!

It's an interesting listen...

But I am not enjoying it hahaha

 

[Weldit]

What the hell were they?!

It's an interesting listen...

But I am not enjoying it hahaha

Guessing the same ones they use in football

Financial services firm that collapsed was led by Cardiff Rugby's Neal Griffith

Neal Griffith was chief executive of Optima Worldwide Group at the time of its compulsory liquidation in 2021

www.walesonline.co.uk

"A financial services venture that was led by co-owner of Cardiff Rugby Club Neal Griffith went into liquidation in 2021 owing creditors £37m, WalesOnline can report.

Mr Griffith is the former chief executive and shareholder of financial services venture, Optima Worldwide Group (OWG). The liquidation process for that company is ongoing."

 

[dirty harry]

Jesus this is sad, I'd forgotten the Tewksbury talks in 99, about 5 or 6 welsh clubs joining the English league and deciding, nah we are better than that lol.

They're right, acrdiff will always be around, it's the flagship club they will sacrifice Dragons before allowing to go under, but bugger me this might rock welsh rugby totally it's so fragile.

 

[Weldit]

I think it's the same in all rugby (in the UK at least). A lot of clubs are being held together by very little. I don't think the RFU is much better. There's more money, but it's spread out thinner.

 

[dirty harry]

WRU: Welsh rugby deal delay fears after Cardiff crisis & doubts over new Wales coach for Japan tour

The collapse of Cardiff Rugby will delay the long-awaited professional rugby agreement in Wales.

www.bbc.co.uk

Seems the deal is stalled, head coach search will return AFTER the Japan tour, and the other 3 regions are melting down...

Typical Thursday in welsh rugby!

 

[Vieux Talonneur]

Warburton in today's Times.

"I genuinely said that with no inkling that Cardiff were going to go into administration. I was on the Cardiff board at the time, but was blissfully unaware of such developments being considered, and when the news broke on Tuesday I was as shocked as anyone".

As far as I can see he wasn't a Director so didn't have that degree of responsibility and accountability, nonetheless it's still a fairly shocking admission from a Board member.

 

[dirty harry]

Warburton in today's Times.

"I genuinely said that with no inkling that Cardiff were going to go into administration. I was on the Cardiff board at the time, but was blissfully unaware of such developments being considered, and when the news broke on Tuesday I was as shocked as anyone".

As far as I can see he wasn't a Director so didn't have that degree of responsibility and accountability, nonetheless it's still a fairly shocking admission from a Board member.

Doesn't really make a whole lot of sense does it, not that I'm accusing him of anything, but a board member stepping down days before the news breaks...

There may have been a wall of secrecy, but we all know noone can fart in a rugby club without people finding out.

 

[Weldit]

Warburton in today's Times.

"I genuinely said that with no inkling that Cardiff were going to go into administration. I was on the Cardiff board at the time, but was blissfully unaware of such developments being considered, and when the news broke on Tuesday I was as shocked as anyone".

As far as I can see he wasn't a Director so didn't have that degree of responsibility and accountability, nonetheless it's still a fairly shocking admission from a Board member.

I like him, but all that talk of cutting the regions from him and this happens under his nose. He's either pretending or he really was clueless and as such, should not have been there.