The Welsh Rugby Union (WRU) has assumed control of Cardiff Rugby after the club’s legal entity – Cardiff Rugby Limited – was placed temporarily into administration.
The decision was made once it became clear that the club’s owner, Helford Capital, was unable to meet its obligations to fund the club as it was contractually obliged to do. Immediately following appointment, administrators sold the club’s business and assets to the WRU.
Players and staff will be unaffected by the sale and fixtures will be fulfilled, with season and match tickets remaining valid. Prepayments for 2025/26 season tickets will also be honoured, as will existing sponsorship arrangements that have been paid for in advance.
WRU CEO Abi Tierney confirms the governing body will take over Cardiff Rugby, recognising its critical importance to the future of Welsh rugby.
Tierney insists the WRU will not be derailed from plans to chart the rise of the pro-game in accordance with its ‘One Wales’ strategy.
“We have been keeping in close contact with the Cardiff Rugby Board for several months once they became aware of the risks to anticipated shareholder funding not being available. As a result, the WRU has been able to move quickly to provide support for Cardiff,” said Tierney.
“Players, staff and supporters can be assured that professional rugby will continue at Cardiff Arms Park.
“Cardiff has always been a major contributor to our player pathway and is critical to the success of our One Wales strategy both on and off the field.
“In the coming months we will be actively seeking investors who wish to play their part in ensuring this is achieved and Cardiff returns to the top table of club rugby.
“It is unthinkable for us to allow the demise of professional rugby in the Welsh capital and there has been no hesitation for the WRU as we quickly moved to pull a rescue package together.”
Cardiff Rugby is the largest of the four professional clubs in Wales, with a regional population containing more clubs and schools than any other.
“Our first concerns are with the players, staff and supporters,” added Tierney.
“Cardiff has always produced players for our pathway and is critical to the success of our One Wales strategy in terms of player development.”
Cardiff Rugby chair, Alun Jones, said: “We are incredibly grateful to the Welsh Rugby Union for securing our financial stability and ensuring professional rugby continues in Cardiff as we approach our 150th season.”
“The priority has been securing our staff, the future of the club and the rugby pathway in the capital city and wider region.”