Muderack and former New Zealand hooker Sean Fitzpatrick are new faces on the Scarlets board having joined last month.
Fitzpatrick’s iconic status means he needed no introduction, but Muderack was less well known despite his huge experience in the business world.
“We have great ambition to further develop financial opportunities for the Scarlets,” said Muderack.
“I’d like to think the footing the board have put the club on will continue to improve, particularly as we come out of Covid-19.
“If you look at the Manchester United model going back 10, 15 or 20 years it was never about necessarily paying top dollar for the best players.
“You spend the money where it’s appropriate to augment and enhance your squad.
“The very famous example is where Manchester United declined to pay the cheque for Ronaldinho but instead made an investment in a young chap who went on to be fairly successful called Cristiano Ronaldo.
“There is a strong commitment to the culture at the Scarlets and belief in the concept where no individual is bigger than the team. We continue to develop a tremendous amount of talent in the region.
“It’s a great place to grow your rugby career. It’s not just about on field talent – it’s about your infrastructure too. We would love to paint the rugby world red.”
New Scarlets executive chairman Simon Muderack (Credit: Riley Sports)
Muderack believes rugby is going to go through significant change off the field as a result of the coronavirus pandemic.
“The game is undoubtedly going to change. The current model is not sustainable and private equity is investing,” he said.
“Investors with big pockets who will take advantage of the value creation opportunity that is going to arise in rugby are circling the game.
“There are going to be some winners and losers in that and this is a significant moment in the history of rugby.
“Highly qualified people have studied the game and believe there are opportunities. There is interest in investment and that came at the peak of the pandemic which is significant and while I was in this process with the Scarlets.
“That was a pivotal moment and it suddenly clicked with me about my relevance to the game and the club going forward.
“Coming into this process and working with the board we were adamant we wanted the Scarlets to be at the forefront of the opportunity that is about to materialise.”
