🚨 Breaking News in Rugby! 🚨
David Moffett, the outspoken former Welsh Rugby Union CEO, has surprised the rugby world by stepping down as an investor with House of Luxury (HOL), the prominent backers of the Scarlets. Moffett, who took on the role back in May, spearheaded HOL’s sports and entertainment division and played a pivotal role in the partnership announcement between the Scarlets and HOL this August.
This alliance saw HOL aiming to take over non-rugby operations and acquire a 55% controlling stake in the club, conditional on surviving a proposed restructuring by the WRU. But things seem to have shifted remarkably as Moffett announced his immediate departure via LinkedIn, leaving fans and followers in suspense over what might have prompted this sudden change.
Adding to the intrigue, Moffett’s resignation comes just weeks after HOL’s attempted purchase of a majority share in English Champ side Coventry fell through. Difficulties arose due to ongoing talks about creating a franchise league, raising concerns about investment stability.
Taking a firm stand on Twitter recently, Moffett critiqued the WRU’s proposal to cut the number of regions to two, labelling it a “crock of s***”. He has also slammed the financial hurdles faced by clubs seeking promotion, calling the necessary costs and unequal treatment “absolutely ridiculous”.
Moffett, known for his forthright nature, has consistently voiced his belief in the vibrant essence of rugby: its community roots and regional pride. He continues to challenge moves he views as threats to the spirit of the game, amid ongoing debates within the rugby community.
Stay tuned for more updates as this unfolds. 🏉 #RugbyNews #DavidMoffett #Scarlets #RugbyUnion