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Cardiff Set for Administration |
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Eastern outpost
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Joined: 13 March 2012 Location: South Suffolk Status: Offline Points: 25444 |
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Posted: 09 April 2025 at 8:15am |
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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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In a world where you can be anything – Be Kind.
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Fscarlet
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Joined: 26 January 2015 Status: Offline Points: 10016 |
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Posted: 09 April 2025 at 8:27am |
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One of the biggest issues regarding Cardiff is their lack of assets to borrow or finance against.
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Eastern outpost
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Joined: 13 March 2012 Location: South Suffolk Status: Offline Points: 25444 |
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Posted: 09 April 2025 at 8:34am |
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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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GPR - Rochester
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Joined: 01 December 2014 Location: Rhydcymerau Status: Offline Points: 23492 |
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Posted: 09 April 2025 at 8:41am |
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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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Fscarlet
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Posted: 09 April 2025 at 8:42am |
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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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GPR - Rochester
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Posted: 09 April 2025 at 8:48am |
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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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Eastern outpost
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Joined: 13 March 2012 Location: South Suffolk Status: Offline Points: 25444 |
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Posted: 09 April 2025 at 8:56am |
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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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Scarlswb
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Joined: 29 June 2019 Location: Llanelli Status: Offline Points: 251 |
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Posted: 09 April 2025 at 9:01am |
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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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supertaf
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Joined: 17 August 2004 Location: Down the Parc Status: Offline Points: 9576 |
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Posted: 09 April 2025 at 9:20am |
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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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Scarlets - Suppliers of fine rugby since 1872
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skyblue
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Joined: 14 April 2024 Location: Llanelli Status: Offline Points: 1086 |
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Posted: 09 April 2025 at 9:21am |
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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" __________________ 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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KID A
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Joined: 16 August 2004 Location: Cardiff Status: Offline Points: 28636 |
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Posted: 09 April 2025 at 9:24am |
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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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skyblue
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Joined: 14 April 2024 Location: Llanelli Status: Offline Points: 1086 |
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Posted: 09 April 2025 at 9:35am |
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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.
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Raised By Peregos
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Posted: 09 April 2025 at 9:36am |
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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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Raised By Peregos
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Posted: 09 April 2025 at 9:37am |
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For CAP also see Rodney Parade, depending on the CAC
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KID A
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Joined: 16 August 2004 Location: Cardiff Status: Offline Points: 28636 |
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Posted: 09 April 2025 at 9:39am |
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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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KID A
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Joined: 16 August 2004 Location: Cardiff Status: Offline Points: 28636 |
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Posted: 09 April 2025 at 9:42am |
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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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