Cardiff Rugby would like to clarify our future following media reports and speculation in recent days.
Following the sad passing of Life President Peter Thomas earlier this year there were always going to be changes at the club.
The Thomas family have nevertheless continued to support us and have underwritten the new agreement with the Welsh Rugby Union, for which we are enormously grateful.
We have now received the first allocation of WRU monies, with the remainder scheduled for early next month. This agreement secures the club’s future for the four year term of the agreement, albeit with reduced budgets.
Since Peter’s sad passing, there have inevitably been numerous enquiries and approaches around the purchase of his shareholding. It is our board’s duty to listen to, and consider, all approaches that could improve our revenues and strengthen the club moving forward. These conversations are commercially sensitive and therefore confidential at this stage.
Professional rugby is undoubtedly facing significant challenges across the whole game, but Cardiff Rugby will continue and will remain at Cardiff Arms Park.
We are looking forward to the new season and a return to the Champions Cup, with the squad returning for pre-season last week.
We truly appreciate the continued support of our loyal fan base at this time and will issue further communications as and when appropriate. In the interim, we thank you for your continued patience.