Scarlets set for US takeover
The Scarlets have entered into an agreement for a new strategic partnership with House of Luxury LLC (HOL) that will eventually see the American-based company take control of the Welsh region.
HOL is an international luxury asset agency and, under the terms of the proposal its sports and entertainment investment division, headed by former Welsh Rugby Union chief executive David Moffett, will acquire a 55 per cent controlling stake in Scarlets.
Dan Biggar
Moffett’s team of directors includes Dan Biggar, the 112-times capped Wales outside-half who retired from playing at the end of last season.
Scarlets executive chairman Simon Muderack said: “The new deal with HOL puts the Scarlets in control of its own future as we act boldly to move forward with a partner that will add significant resources and ambition.”
The announcement comes as the Welsh Rugby Union considers whether to cut its four regional teams to two or three in a radical restructure of the domestic games, with the decision expected to be made in October.
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A significant development, and one which looks to have secured the future of the Scarlets. And as a devoted supporter of welsh rugby i welcome this – as i want all 4 of Wales’ regiononal teams to succed. But this news today does beg the question did Nia Griffith, Cefin Campbell and Ann Davies have any foreknowledge of this or contact with HOL – or their representatives – before their somewhat surprising intervention this week into the matter of the redevelopment of Swansea’s St Helens?
The West Wales rugby region has one descent stadium (owned by a central local authority), barely one squad of adequate players spread across 2 failing entities because they’re based on an outdated club rivalry. If Munster were forced to play as 2 club sides they would also fail, so with only 1 year 9 months left of the current agreement it’s time to align all contracts to end in time for a full West Wales region launch in 2027 as the Scarlet Ospreys. Laughable that Moffo gave a ‘region’ to a club from an impoverished town of 40,000 people, but… Read more »