⏰ The clock is ticking! Cardiff Rugby’s future is on the line with a major takeover deadline fast approaching. Next Monday marks the last day for takeover bids, heightening the pressure on leaders at the Welsh Rugby Union (WRU).
Two strong contenders are in the race: a consortium led by former Cardiff director Martyn Ryan, alongside Rhino CEO Reg Clarke and three Hollywood producers, and the Ospreys’ majority shareholders, Y11 Sports & Media. The WRU initially set a £10 million price tag on Cardiff, plus £6 million in debt obligations. It’s a hefty investment, but the Hollywood-led consortium appears to be in the lead with grand plans to take Cardiff global 🌍.
Imagine this: a scripted TV show based in Cardiff, aimed at promoting the club worldwide, especially in the US. With British-born producer Gareth West and film industry heavyweights like Mark Williams and Niels Juul on board, the prospects are star-studded! 🎥🌟
However, the road is bumpy. The WRU board is split over the decision, and there’s talk of community clubs calling for an Extraordinary General Meeting (EGM). There could even be a no-confidence vote against current leadership.
With talks of reducing the number of professional teams from four to three, the stakes couldn’t be higher for the WRU and Cardiff Rugby. As discussions intensify, we await the WRU’s final call. 📣
This situation highlights the mounting tensions and transformative possibilities within Welsh rugby. What are your thoughts? 🤔🏉
Stay tuned for more updates as the deadline approaches! #CardiffRugby #Takeover #WalesRugby #HollywoodBids