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Peter Thomas steps down

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SospanMawr View Drop Down
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    Posted: 15 June 2018 at 11:38am

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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Rich (Bris) View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Rich (Bris) Quote  Post ReplyReply Direct Link To This Post 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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