Wed, 09 Apr 2025 | ADMINISTRATION
Cardiff Rugby have served formal notification that they intend to enter administration.
A Notice of Intention (NOI) was filed in court on Tuesday, effectively giving the club two weeks to explore options. The club said in a statement: “Cardiff Rugby can confirm notice of intention to appoint administrators has been filed. Please rest assured that everything possible is being done to protect our employees and the future of the club. We have a plan in place and we will update you as soon as possible.”
It comes just 16 months after Cardiff looked to have secured their long-term future when Helford Capital Limited’s acquisition of a majority shareholding was approved at a general meeting of club members.
A 99.99 per cent majority voted through the takeover, that also saw Cardiff and Wales rugby great Sir Gareth Edwards appointed as club president. Helford Capital Limited, an investment group led by businessmen Phil Kempe and Neal Griffith, acquired an 84.55 per cent shareholding.
It has been reported that the Welsh Rugby Union appears poised to step in and support the capital city club. “We are aware Cardiff Rugby have confirmed notice of intention to appoint administrators,” a WRU spokesperson said. “And we are working closely with the Cardiff board and the administrators to safeguard the future of professional rugby in Cardiff.”
According to its most recent financial results for the year ending June 30, 2023 Cardiff Rugby had a turnover of £16 million and a loss before taxation of £2.2 million. It had net liabilities of £10.5 million.
Cardiff play in the United Rugby Championship and are next due to be in action on April 19 as part of Welsh rugby’s Judgement Day at the Principality Stadium, when Cardiff face the Ospreys and Dragons tackle the Scarlets.
Former English Premiership clubs Worcester, Wasps and London Irish entered administration during the 2022-23 season.
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