The acquisition of Cardiff Rugby Welsh Rugby Union costs £ 780.000

The Wru State The transaction “has safeguarded the work of about 150 people”, including all players, also allowing the company to continue to operate, now as a Wru branch.

All tickets for games, including season tickets together with sponsorships and hospitality, will be honored.

Leighton Davies, Chief Operating Officer of the Wru, and Steve King, Chief Data and Digital Officer Wru, were appointed directors on the Cardiff Board of Directors.

“At the time of the transaction, Cardiff Rugby Limited had to at the Wru £ 9.1 million,” added Collier-Kywood.

“As part of his commitments in the new Professional Rugby Agreement project (Pra25), the Wru undertook to reduce the debt generated during the Covid-19 pandemics by replacing it with long-term capital.

“This is equivalent to about £ 3 million for Cardiff and this transaction gave us the opportunity to do it at the same time using £ 3 million money that we were due and converting it into an investment in Cardiff.

“Leaving our new subsidiary because of the remaining £ 6 million to the Wru. As part of the new Pra25, it is our intention to provide the other three professional clubs with a similar debt relief.”

Cardiff’s collapse means Professional rugby in Wales faces yet another delay to its new long -awaited financing plan.

An agreement between the government organ and its four regional teams appeared close to being aimed, although the saving of Wru’s Cardiff has given up that initial agreement.

Following the confirmation of their acquisition of Cardiff, the CEO of Wru ABI Tierney said “it is unthinkable for us to allow the disappearance of professional rugby in the Welsh capital”.

Cardiff is currently ninth at United Rugby Championship (URC).

Matt Sherratt’s team returns to action in an All-Welsh URC device with Ostpreys at the Principality stadium on Saturday 19 April (15:00 BST).