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Cardiff Set for Administration

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Eastern outpost View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Eastern outpost Quote  Post ReplyReply Direct Link To This Post Posted: 09 April 2025 at 8:15am
Originally posted by RR1972 RR1972 wrote:

Originally posted by John John wrote:

Originally posted by hoppy hoppy wrote:

Sam Warburton  has left the board 

So will have all the other board members. The administrators run the entity now. This affects alot of aspects of Welsh rugby and now the WRU have promised to get involved, we're all entangled. I agree with GPR that the WRU have not shown any of the necessary ability to sort this out. Hmmm
well they can’t do a worse job than the cardiff bosrd who sold out to this pair of fly by nights
I really do want to hear all the detail as to why it happened. 

To go from passing due diligence, being declared fit and proper to be new owners to this in very quick time is intriguing.

It’s not like the new owners had assets they could strip, as was the case in Worcester.

The Times today says that the club says Warburton actually left 2 weeks ago to concentrate on his SW7 business and TV commitments. Well, they would say that wouldn’t they. Why did they not announce this departure 2 weeks ago?! No reason to hold it back.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Fscarlet Quote  Post ReplyReply Direct Link To This Post Posted: 09 April 2025 at 8:27am
One of the biggest issues regarding Cardiff is their lack of assets to borrow or finance against.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Eastern outpost Quote  Post ReplyReply Direct Link To This Post Posted: 09 April 2025 at 8:34am
Originally posted by Raj2406 Raj2406 wrote:

I know this is a scarlets forum, but this is very sad and bad news for Welsh rugby! I wonder what happens now and in the future?
A belated welcome to you, Raj.

You’re spot on across the board there. Much uncertainty, ever more so than the usual level.


Edited by Eastern outpost - 09 April 2025 at 8:34am
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Post Options Post Options   Thanks (0) Thanks(0)   Quote GPR - Rochester Quote  Post ReplyReply Direct Link To This Post Posted: 09 April 2025 at 8:41am
Originally posted by Eastern outpost Eastern outpost wrote:

Originally posted by RR1972 RR1972 wrote:

Originally posted by John John wrote:

Originally posted by hoppy hoppy wrote:

Sam Warburton  has left the board 

So will have all the other board members. The administrators run the entity now. This affects alot of aspects of Welsh rugby and now the WRU have promised to get involved, we're all entangled. I agree with GPR that the WRU have not shown any of the necessary ability to sort this out. Hmmm
well they can’t do a worse job than the cardiff bosrd who sold out to this pair of fly by nights
I really do want to hear all the detail as to why it happened. 

To go from passing due diligence, being declared fit and proper to be new owners to this in very quick time is intriguing.

It’s not like the new owners had assets they could strip, as was the case in Worcester.

The Times today says that the club says Warburton actually left 2 weeks ago to concentrate on his SW7 business and TV commitments. Well, they would say that wouldn’t they. Why did they not announce this departure 2 weeks ago?! No reason to hold it back.

I believe that the due diligence was undertaken by WRU appointed professionals. I would suggest the terms of the appointment contract are being scrutinised very thoroughly by WRU lawyers as I write. Sounds like a nice little claim could be pending. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Fscarlet Quote  Post ReplyReply Direct Link To This Post Posted: 09 April 2025 at 8:42am
The trouble is the DD is on paperwork & documents presented by the person seeking to invest/take over the region so they're not going to paint themselves in a bad light.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote GPR - Rochester Quote  Post ReplyReply Direct Link To This Post Posted: 09 April 2025 at 8:48am
Originally posted by Fscarlet Fscarlet wrote:

The trouble is the DD is on paperwork & documents presented by the person seeking to invest/take over the region so they're not going to paint themselves in a bad light.

Of course Fscarlet - but the duty of the people doing the due diligence is to thoroughly vet the documents provided by accessing all necessary sources. Otherwise its just a tick box exercise. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Eastern outpost Quote  Post ReplyReply Direct Link To This Post Posted: 09 April 2025 at 8:56am
Originally posted by GPR - Rochester GPR - Rochester wrote:

Originally posted by Fscarlet Fscarlet wrote:

The trouble is the DD is on paperwork & documents presented by the person seeking to invest/take over the region so they're not going to paint themselves in a bad light.

Of course Fscarlet - but the duty of the people doing the due diligence is to thoroughly vet the documents provided by accessing all necessary sources. Otherwise its just a tick box exercise. 
Absolutely.

All sorts of info and background checks can be done. It’s always interesting to see if the documents and other info presented does stand up to scrutiny or is a tissue of fabrications. The further away the jurisdiction in which entities are based can present complications and if so you need further evidence.

One puzzling thing is what did the new owners have to gain by taking over Cardiff. Other than some prestige, there’s no obvious financial gain type of motive. All very puzzling.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Scarlswb Quote  Post ReplyReply Direct Link To This Post Posted: 09 April 2025 at 9:01am
This is another blow for zwelsh rugby, with the knock on effects to the other Regions, with a delay to the Regions WRU funding.
I am only putting it out there...is it time we wrnt to 2 regions, East and West, along with a revamping of the Welsh Domestic leagues to feed into these.
Including Llanelli RFC.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote supertaf Quote  Post ReplyReply Direct Link To This Post Posted: 09 April 2025 at 9:20am
Originally posted by Scarlswb Scarlswb wrote:

This is another blow for zwelsh rugby, with the knock on effects to the other Regions, with a delay to the Regions WRU funding.
I am only putting it out there...is it time we wrnt to 2 regions, East and West, along with a revamping of the Welsh Domestic leagues to feed into these.
Including Llanelli RFC.
If we went to 2 regions, what would happen to the other 70 or 80 players in the 2 dropped teams? 
Who would support these new teams?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote skyblue Quote  Post ReplyReply Direct Link To This Post Posted: 09 April 2025 at 9:21am
Scarlswb

"I am only putting it out there...is it time we wrnt to 2 regions, East and West, along with a revamping of the Welsh Domestic leagues to feed into these.Including Llanelli RFC"
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I fear with dwindling crowds and interest in the game this could be the start of a catastrophic domino effect, particularly in todays volatile world. Something radical has to be done:-

Current SRC clubs receive a share of £1 million. 100 k each

Funding from next year was £5 million for each region. £20 million in total.

Reducing to 2 regions releases £10 million.

The £10 million being released could give £5 million to 2 new regions and £5 million to SRC clubs

So 2 new regions funding would be £7.5 million and SRC clubs would get 600 k each (I’ve included the 100 k they already get).

Two new super regions created to avoid the animosity of mergers and existing regions go back to clubs.

The SRC with greatly enhanced funding will hopefully produce better players and concentrating the best of those into 2 regions with greater funding will hopefully mean we can become competitive again.

Of course this isn’t perfect and would need refining



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Post Options Post Options   Thanks (0) Thanks(0)   Quote KID A Quote  Post ReplyReply Direct Link To This Post Posted: 09 April 2025 at 9:24am
What would these 2 'super regions' be called?
Where would they play?
Who would support them?
Who would pay for them?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote skyblue Quote  Post ReplyReply Direct Link To This Post Posted: 09 April 2025 at 9:35am
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Good questions, my thoughts:-
Names... thats up for debate.
Where does existing funding come from? A continuation of this? But with greater attendances, brings in more revenue through gate money ehanced attractiveness to sponsorous and hopefull higher sponsor investment.
I'm sure some current stadiums would be grateful for leasing agreements with associated revenue.
In terms of who will follow them...well in Cardiff's case if they go bust where will their supporters go? No good being a fan if you've no team.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Raised By Peregos Quote  Post ReplyReply Direct Link To This Post Posted: 09 April 2025 at 9:36am
Originally posted by KID A KID A wrote:

What would these 2 'super regions' be called?
Where would they play?
Who would support them?
Who would pay for them?

For the sake of pushing back against the pass agg of this, and as a thought experiment:

East Wales / West Wales
CAP / PyS
Anyone not bloody-minded enough not to from within those areas (they will made up of the players who currently play for your side after all) and new, young supporters who grow up with this new system. 
Presumably, under this proposed model, the WRU. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Raised By Peregos Quote  Post ReplyReply Direct Link To This Post Posted: 09 April 2025 at 9:37am
For CAP also see Rodney Parade, depending on the CAC
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Post Options Post Options   Thanks (0) Thanks(0)   Quote KID A Quote  Post ReplyReply Direct Link To This Post Posted: 09 April 2025 at 9:39am
Originally posted by skyblue skyblue wrote:

KID A

Good questions, my thoughts:-
Names... thats up for debate.
Where does existing funding come from? A continuation of this? But with greater attendances, brings in more revenue through gate money ehanced attractiveness to sponsorous and hopefull higher sponsor investment.
I'm sure some current stadiums would be grateful for leasing agreements with associated revenue.
In terms of who will follow them...well in Cardiff's case if they go bust where will their supporters go? No good being a fan if you've no team.


Would people who have supported the Scarlets for 40 years suddenly support the 'West Wales Rams'? I wouldn't.

Would benefeactors and sponsors who have pumped money into Llanelli / Scarlets for decades suddenly be happy to do the same for a WRU owned entity with barely any conection to the Scarlets / Llanelli?

Would such a small player base (around 80 pro players) be a sensible way forward to enable the national team to flourish? We have no diasphoric mercenaries from South Africa like Scotland do for instance).

It looks like a huge gamble that wouldn't pay off.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote KID A Quote  Post ReplyReply Direct Link To This Post Posted: 09 April 2025 at 9:42am
Originally posted by Raised By Peregos Raised By Peregos wrote:


Presumably, under this proposed model, the WRU. 


They can't afford it. It would be no more successful / well financed than the regions are now, because the benefactors would go.

The £22m the WRU has for pro domestic rugby would more or less equal the current turnover (Scarlets are about £10m). They'd still need benefactor money on top of about £5m each year to be competitive. Which benefactors would stump up for a new plastic entity they havbe zero connection with?
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