As part of the deal, it has been agreed that Tony Brown will provide additional funds to the new regional team until the end of the 2005/6 season. In addition Bisley Office Furniture will sponsor the team shirt for the coming season.
The four nominated board members for Dragons Rugby Ltd will be Tony Brown and Martyn Hazell, representing Newport RFC, and David Pickering and Steve Lewis, representing the WRU. David Pickering will act as chairman.
“Given the difficult circumstances that have been experienced in the Gwent region this year, we feel this is the best possible deal to ensure the ongoing viability of the Dragons,” said WRU general manager Steve Lewis.
“This is not a situation that was created by the
“Moreover, we intend to ensure that the best interests of the team and the game are served throughout the whole region.
“The team will be officially known as the Newport Gwent Dragons, but will be marketed as the Dragons.
“From next season on, neither the name
“All the contracts of the current players and team management will revert to the new company and everyone involved with the new board is totally committed to the regional rugby concept.”
The Gwent Dragons are lying in second place in the Celtic League and are due to kick off their Heineken Cup campaign against Celtic League leaders