🏉 Exciting news from the rugby world! The Welsh Rugby Union (WRU) is moving forward with a major decision regarding Cardiff Rugby’s future ownership. After a key board meeting, they’ve unanimously approved a preferred bidder, entering a phase of exclusivity aimed at finalising the deal in the coming weeks.
The two contenders were Y11 Sports and Media, the major shareholders of the Ospreys, and a high-profile consortium led by ex-Cardiff director Martyn Ryan. While details are still under wraps, it’s clear that big changes are on the horizon for Cardiff Rugby.
This decision aligns with the WRU’s broader strategy to trim the number of professional Welsh clubs from four to three, aiming for more streamlined operations. If Y11 takes the reins, this could pave the way for that reduction by consensus, satisfying the WRU’s plans.
The contrasting bid from Ryan includes some star-studded partners—three Hollywood directors—and exciting plans for a scripted TV series set in Cardiff. Imagine the buzz!
The WRU is now committed to engaging with key stakeholders and Cardiff Rugby’s management to iron out details. They hope to seal a binding agreement soon, so stay tuned for more updates! 🏉✨
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