WRU tells fans season ticket payments will be honouredSays owner ‘unable to meet its obligations to fund club’
The Welsh Rugby Union has taken control of Cardiff after the club’s legal entity Cardiff Rugby Limited was placed temporarily into administration by its directors.
The WRU said 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”. Appointed administrators PwC have sold the club’s business and assets to the WRU.
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