Peter Thomas steps down |
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Rich (Bris)
Veteran Joined: 23 August 2007 Status: Offline Points: 1507 |
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Posted: 15 June 2018 at 12:48pm |
He is apparently effectively writing off all the loans he has given them which is great
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SospanMawr
Veteran Joined: 03 April 2013 Location: The North Stand Status: Offline Points: 10035 |
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Peter Thomas has
announced that he's stepping down from the Cardiff Blues and in the process
converting his debts to equity. "The 75-year-old will stay on the board and take
up the role of life president, but a new chairman will be appointed within the
next 12 months.
He
will remain as chairman for a transitional period of up to one year, while his
successor and three non-executive directors are appointed.
“One of the conditions of my retiring was there
would be a business plan going forward which would be supported. I am
comfortable that is the case.There is a plan in place which gives me confidence
about the financial security of the business for the future"
Like
him or not, you can't deny his huge influence and sacrifice to Welsh rugby.
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