Business Editor of https://t.co/JVNipqSUr5 and the Western Mail.
Apr 17 • 8 tweets • 2 min read
Wouldn’t be surprised if the Y11 deal for @Cardiffrugby unravels. Rugby costs paid for yes, but £3m upfront, £2m to increase capacity at a ground owned by Cardiff Athletic Club, £6m debt servicing, and a £1m annual licence fee . And yes, if WRU ambitious commercial....
projections were realised a half share of future profits to the union next door. Rhino, Martyn Ryan and Hollywood directors were far more circumspect and guess if the WRU’s projections had proven to be right would have offered to pay that ‘upfront price tag’ retrospectively...