Cardiff Rugby serve formal notification that they intend to enter administration
Cardiff Rugby have served formal notification that they intend to enter administration.
But the Welsh Rugby Union appears poised to step in and is set to support the capital city club.
“We are aware Cardiff Rugby have confirmed notice of intention to appoint administrators,” a WRU spokesperson said.
“And we are working closely with the Cardiff board and the administrators to safeguard the future of professional rugby in Cardiff.”
A Notice of Intention (NOI) was filed in court on Tuesday, effectively giving the club two weeks to explore options.
It comes just 16 months after Cardiff looked to have secured their long-term future when Helford Capital Limited’s acquisition of a majority shareholding was approved at a general meeting of club members.
A 99.99 per cent majority voted through the takeover, that also saw Cardiff and Wales rugby great Sir Gareth Edwards appointed as club president.
Return
Helford Capital Limited, an investment group led by businessmen Phil Kempe and Neal Griffith, acquired an 84.55 per cent shareholding.
The latest development, though, will send shockwaves through the sport and follows former English Premiership clubs Worcester, Wasps and London Irish entering administration during the 2022-23 season.
None of that trio has yet to make a competitive return to action, although Worcester will be back in professional rugby next term after being accepted as members of the new 14-club Tier 2 league.
The Rugby Football Union announced last week that Worcester, all 12 current Championship teams and a promoted National League One side – subject to that club meeting minimum operating standards – will comprise the division below the Premiership after an open tender process.
Cardiff play in the United Rugby Championship and are next due to be in action on April 19 as part of Welsh rugby’s Judgement Day at the Principality Stadium, when Cardiff face the Ospreys and Dragons tackle the Scarlets.
Their financial situation comes to light after a testing season in Wales that saw the national team collect a second successive Six Nations wooden spoon.
Performance
Wales have lost 17 successive Tests stretching back to the 2023 World Cup, while Warren Gatland departed as head coach following a 22-15 defeat against Italy in February.
Cardiff boss Matt Sherratt took charge on an interim basis for Wales’ three remaining Six Nations fixtures, and oversaw a revival in terms of performance until England travelled to Cardiff in the Championship’s final round and won 68-14.
Gatland’s permanent successor is likely to be appointed ahead of the summer tour to Japan. The bookmakers’ favourite is current Bristol rugby director Pat Lam.
None of the four Welsh regions qualified for this season’s Investec Champions Cup, with Cardiff making a Challenge Cup last-16 exit against Connacht on Saturday.
Ospreys are the sole remaining Welsh team in Challenge Cup contention, with Lyon their quarter-final opponents.
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I’d laugh if it wasn’t so desperately sad ! Pro clubs have now had about 30 years of time to master the skills of preparing budgets and monitoring performance yet they still appear to scribble a set of random numbers and then try to concoct a narrative to fit those numbers. All is then forgotten when the reality of players’ wages, gate receipts, TV moneys and the declining sponsorship moneys get aggregated. Suddenly we get a deficit with a Capital D, but instead of learning from that experience they contrive to repeat it year after year on the basis of… Read more »
Good riddance to them.
Hope the other “regions” follow them ASAP.
The “Regions” have killed Welsh Rugby.
It’s a Death Spiral….it’s too late.
RIP Welsh Rugby.
And there is the problem with Welsh rugby. Where is the incentive in investing in your club when the WRU can bail you out? If a region folds then why not let another take its place?
The ‘Regions’ was always a false name conjured of by Moffo and his short term sugar daddy club mates when they binned the original Irish provincial structure for stand alone clubs and strange mergers. So it was just a continuation of the failed club system based on a couple of outdates local rivalries that then decided to cut off 3/4 of the national population. The pro franchises (whoever and wherever they are) should now be made to play only on Friday evening so we can play more internationals on the Saturdays. It’s all about development for the national team as… Read more »