Big news in rugby circles! Scarlets’ investors, House of Luxury, have pulled out of their plans to buy a major stake in English Championship club Coventry. Despite being keen on the idea—given Coventry’s rich 156-year history and strong community presence—the move has been stalled by the ongoing confusion around promotion and relegation within English rugby.
The Rugby Football Union and Premiership Rugby are still in talks about a possible franchise league, which could freeze relegation from the Gallagher Premiership to attract international investments. This uncertainty put HOL off the deal, says David Moffett, the outspoken former WRU CEO leading HOL’s sports division.
Moffett didn’t hold back, criticising the current system where promoted clubs need to pay around £25 million to buy into the league. “Charging a club that’s been fostering rugby for over a century is outrageous,” he remarked. He referenced his time with Australia’s NRL, noting how they encourage success by supporting new teams financially.
Hol’s investment in Scarlets is not in jeopardy, despite the Coventry plan’s collapse. This decision underscores the importance of clarity and fair play in rugby’s evolving landscape.
Let us know your thoughts! Should newly promoted rugby clubs be treated with the same fairness as longstanding members, or is the hefty entry fee justified? 🏉💬