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Cardiff statement: Helford Capital takeover deal confirmed

Cardiff's Alex Mann (Photo by Ryan Hiscott/Getty Images)

URC strugglers Cardiff have confirmed that their takeover by Helford Capital will be completed on Wednesday after a club general meeting gave a 99.99 per cent approval for the deal to go ahead.

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Club representatives met on Tuesday evening and it was ultimately decided that the best decision was for the Welsh region to accept the majority shareholding offer.

A statement read: “Cardiff Rugby are delighted to confirm Helford Capital Limited’s acquisition of a majority shareholding in the company will be completed on Wednesday. A general meeting took place on Tuesday evening and the relevant changes to the company’s share structure and constitution to allow the acquisition received a 99.99 per cent majority approval.

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Sam Warburton on club rugby in Wales

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Sam Warburton on club rugby in Wales

“Several other amendments to the articles were also approved by shareholders, including changing the company’s name to Cardiff Rugby Limited and the introduction of additional heritage rights.

“Helford Capital, which is an investment group spearheaded by British businessmen Phil Kempe and Neal Griffith, will now become majority shareholders of the company, with Gareth Edwards appointed the club’s new president.

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It is a historic moment for Cardiff Rugby, which completes months of negotiations and secures the club’s long-term future… The investment group had already secured approval from the Welsh Rugby Union (WRU) and from Cardiff Athletic Club, who will retain a minority shareholding in the club.

“Cardiff Rugby Limited now look forward to working closely with all stakeholders including the new leadership of the WRU to deliver a stable and successful future for the Blue and Blacks and whole professional game in Wales.

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“The completion of this significant transaction brings an end to the formal relationship between Cardiff Rugby and the Thomas family, which spanned five decades. During that period Peter made an immeasurable contribution to his beloved club as a player, patron, benefactor, long-standing chairman and life president.

“His contribution has been recognised at the Arms Park with the renaming of the South Stand as the Peter Thomas stand, while a portrait in the trophy room was commissioned and unveiled last month.”

Cardiff Rugby chair Alun Jones said: “Today represents a huge moment in the history of Cardiff Rugby and gives us a bright, secure and exciting future. Following the sad passing of Peter Thomas, it was essential that we found new investment to safeguard the cub and drive us forward.

“We remain indebted to Peter, the Thomas family and the other shareholders who have moved on but we now have new owners who can help us fulfil Peter’s vision and ambitions for the club with renewed passion. Phil and Neal have a genuine appetite to restore Cardiff as a European force and have already begun stabilising the foundations.

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“With Helford Capital at the helm, we want to deliver exceptional rugby experiences whether you are a player, a member of staff, a supporter or sponsor. Helford have the resource and ambition to deliver that and we will now begin an inclusive process with all key stakeholders to build a new long-term strategy.”

New WRU chief executive Abi Tierney said: “Congratulations to Cardiff Rugby and everyone involved in the negotiations and process to seek new investment, which today has reached a hugely successful conclusion. We welcome Helford Capital wholeheartedly to Welsh rugby with a sense of excitement and optimism about what the future holds.”

Malcolm Wall, chairman of the WRU professional rugby board, added: “Firstly it is important to recognise and thank the Thomas family for their long-standing support of Cardiff and Welsh professional rugby as the club enters a new era under new ownership.

“The investment has been subject to a thorough process, and having met Neal and Phil, I am optimistic and excited about the future for Cardiff. Cardiff supporters should also be very excited about the future and I look forward to working with their new owners to help implement their vision.”

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J
JW 3 hours ago
'Passionate reunion of France and New Zealand shows Fabien Galthie is wrong to rest his stars'

Ok, managed to read the full article..

... New Zealand’s has only 14 and the professional season is all over within four months. In France, club governance is the responsibility of an independent organisation [the Ligue Nationale de Rugby or LNR] which is entirely separate from the host union [the Fédération Française de Rugby or FFR]. Down south New Zealand Rugby runs the provincial and the national game.

That is the National Provincial Championship, a competition of 14 representative union based teams run through the SH international window and only semi professional (paid only during it's running). It is run by NZR and goes for two and a half months.


Super Rugby is a competition involving 12 fully professional teams, of which 5 are of New Zealand eligibility, and another joint administered team of Pacific Island eligibility, with NZR involvement. It was a 18 week competition this year, so involved (randomly chosen I believe) extra return fixtures (2 or 3 home and away derbys), and is run by Super Rugby Pacific's own independent Board (or organisation). The teams may or may not be independently run and owned (note, this does not necessarily mean what you think of as 'privately owned').


LNR was setup by FFR and the French Government to administer the professional game in France. In New Zealand, the Players Association and Super Rugby franchises agreed last month to not setup their own governance structure for professional rugby and re-aligned themselves with New Zealand Rugby. They had been proposing to do something like the English model, I'm not sure how closely that would have been aligned to the French system but it did not sound like it would have French union executive representation on it like the LNR does.

In the shaky isles the professional pyramid tapers to a point with the almighty All Blacks. In France the feeling for country is no more important than the sense of fierce local identity spawned at myriad clubs concentrated in the southwest. Progress is achieved by a nonchalant shrug and the wide sweep of nuanced negotiation, rather than driven from the top by a single intense focus.

Yes, it is pretty much a 'representative' selection system at every level, but these union's are having to fight for their existence against the regime that is NZR, and are currently going through their own battle, just as France has recently as I understand it. A single focus, ala the French game, might not be the best outcome for rugby as a whole.


For pure theatre, it is a wonderful article so far. I prefer 'Ntamack New Zealand 2022' though.

The young Crusader still struggles to solve the puzzle posed by the shorter, more compact tight-heads at this level but he had no problem at all with Colombe.

It was interesting to listen to Manny during an interview on Maul or Nothing, he citied that after a bit of banter with the All Black's he no longer wanted one of their jersey's after the game. One of those talks was an eye to eye chat with Tamaiti Williams, there appear to be nothing between the lock and prop, just a lot of give and take. I thought TW angled in and caused Taylor to pop a few times, and that NZ were lucky to be rewarded.

f you have a forward of 6ft 8ins and 145kg, and he is not at all disturbed by a dysfunctional set-piece, you are in business.

He talked about the clarity of the leadership that helped alleviate any need for anxiety at the predicaments unfolding before him. The same cannot be said for New Zealand when they had 5 minutes left to retrieve a match winning penalty, I don't believe. Did the team in black have much of a plan at any point in the game? I don't really call an autonomous 10 vehicle they had as innovative. I think Razor needs to go back to the dealer and get a new game driver on that one.

Vaa’i is no match for his power on the ground. Even in reverse, Meafou is like a tractor motoring backwards in low gear, trampling all in its path.

Vaa'i actually stops him in his tracks. He gets what could have been a dubious 'tackle' on him?

A high-level offence will often try to identify and exploit big forwards who can be slower to reload, and therefore vulnerable to two quick plays run at them consecutively.

Yes he was just standing on his haunches wasn't he? He mentioned that in the interview, saying that not only did you just get up and back into the line to find the opposition was already set and running at you they also hit harder than anything he'd experienced in the Top 14. He was referring to New Zealands ultra-physical, burst-based Super style of course, which he was more than a bit surprised about. I don't blame him for being caught out.


He still sent the obstruction back to the repair yard though!

What wouldn’t the New Zealand rugby public give to see the likes of Mauvaka and Meafou up front..

Common now Nick, don't go there! Meafou showed his Toulouse shirt and promptly got his citizenship, New Zealand can't have him, surely?!?


As I have said before with these subjects, really enjoy your enthusiasm for their contribution on the field and I'd love to see more of their shapes running out for Vern Cotter and the like styled teams.

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