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Altrad looking to invest in Glous

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Altrad looking to invest in Glous

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Tony Panties

World XV Player

Joined: Thu Feb 19, 2015 10:37 pm
Posts: 9448

Altrad looking to invest in Glous

Reported that Altrad the billionaire owner of Montpelier is looking to invest in Gloucs too.
There may be conflict of interest objections from EPRC but Altrad is a somewhat viscious foe
Multinationalisation for rugby .....

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Mon Nov 21, 2016 11:38 am

Tony Panties

World XV Player

Joined: Thu Feb 19, 2015 10:37 pm
Posts: 9448

Re: Altrad looking to invest in Glous

reference (La Depeche today)

Looking to takeover Gloucs.
Article suggests that he's treating rugby like he treats business, looking for broader bas and has set up a Co 'Altrad UK Ltd' to facilitate the business. Discussions reported as advanced... looking for year end solution. Looking to 55% capital ....

Already in discussion with EPRC ref conflict of interest etc ..

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Easy to consider past and present, it's the future and associated plan and strategy to achieve that takes the talent ..

Mon Nov 21, 2016 12:45 pm

Tony Panties

World XV Player

Joined: Thu Feb 19, 2015 10:37 pm
Posts: 9448

Re: Altrad looking to invest in Glous

FFR have given Altrad their blessing to continue potential takeover at Gloucsj

RFU already given the ok

Now it's only the EPRC go ahead for closure

http://www.lequipe.fr/Rugby/Actualites/ ... rad/760191

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Easy to consider past and present, it's the future and associated plan and strategy to achieve that takes the talent ..

Wed Dec 14, 2016 10:17 pm

Llew

World XV Player

Joined: Thu Dec 19, 2013 12:07 pm
Posts: 3683

Re: Altrad looking to invest in Glous

EPCR statement on the current situation. This guy is seriously wealthy. The shed will be painted gold if this goes ahead. What's odd though, is why Gloucester, when there's a fantastic opportunity just down the road to buy the Dragons ? :dontknow:


	Quote: To have a controlling influence on two clubs participating in European club competition would require consent from the unions concerned (in this case, the RFU and the FFR who are both shareholders and are represented on the EPCR Board) as well as from World Rugby and EPCR itself. "EPCR has written to the three organisations in question, asking for their clarified positions on the matter. "EPCR is committed to completing all of its due diligence regarding this matter and to assessing any potential risks to the integrity and image of its tournaments in which both clubs participate, by avoiding any potential conflict of interest, or perception thereof. "It is important to consider the views of all stakeholders as part of a fair, thorough and transparent decision-making process."

http://www.gloucestershirelive.co.uk/ep ... story.html

Fri Dec 16, 2016 12:19 pm

Keith L

World XV Player

Joined: Thu Jun 03, 2004 8:40 am
Posts: 30769
Location: Somewhere nice

Re: Altrad looking to invest in Glous

Fri Dec 16, 2016 1:07 pm

Keith L

World XV Player

Joined: Thu Jun 03, 2004 8:40 am
Posts: 30769
Location: Somewhere nice

Re: Altrad looking to invest in Glous

http://www.bbc.co.uk/sport/rugby-union/38342633

Not a given as yet!

Fri Dec 16, 2016 3:44 pm

Tony Panties

World XV Player

Joined: Thu Feb 19, 2015 10:37 pm
Posts: 9448

Re: Altrad looking to invest in Glous

Looks like Altrad ownership of Gloucs will be confirmed next wk and Saint Andre, Azam and Ford (ed will terminate in favour of Galthié at end of Season) to take over coaching

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Easy to consider past and present, it's the future and associated plan and strategy to achieve that takes the talent ..

Fri Feb 10, 2017 10:04 am

Llew

World XV Player

Joined: Thu Dec 19, 2013 12:07 pm
Posts: 3683

Re: Altrad looking to invest in Glous

Still pending...................


	Quote: .........proposals were received which require further consideration by the board.

http://www.gloucestershirelive.co.uk/pr ... story.html

Tue Feb 14, 2017 6:36 pm

Tony Panties

World XV Player

Joined: Thu Feb 19, 2015 10:37 pm
Posts: 9448

Re: Altrad looking to invest in Glous

Llew wrote:

Still pending...................


	Quote: .........proposals were received which require further consideration by the board.

http://www.gloucestershirelive.co.uk/pr ... story.html

yep, same in french

http://www.lequipe.fr/Rugby/Actualites/ ... ins/778133

_________________

Easy to consider past and present, it's the future and associated plan and strategy to achieve that takes the talent ..

Tue Feb 14, 2017 8:31 pm

Tony Panties

World XV Player

Joined: Thu Feb 19, 2015 10:37 pm
Posts: 9448

Re: Altrad looking to invest in Glous

Reported that Altrad will be allowed 45% of Gloucs holdings but not 50% of the total by the EPCR

He could still swing voting though

_________________

Easy to consider past and present, it's the future and associated plan and strategy to achieve that takes the talent ..

Mon Mar 20, 2017 11:46 am

Tony Panties

World XV Player

Joined: Thu Feb 19, 2015 10:37 pm
Posts: 9448

Re: Altrad looking to invest in Glous

Altrad bid withdrawn as Premiership vetos it

http://www.bbc.com/sport/rugby-union/39633779

May be an opportunity for the Gogs .....

_________________

Easy to consider past and present, it's the future and associated plan and strategy to achieve that takes the talent ..

Tue Apr 18, 2017 7:54 pm

Llew

World XV Player

Joined: Thu Dec 19, 2013 12:07 pm
Posts: 3683

Re: Altrad looking to invest in Glous

Rejected by the majority of the cartel eh. I wonder what the reasons behind that were ? Big loss for Gloucester that, although I expect their loss will be someone else's gain.

Tue Apr 18, 2017 9:05 pm

Llew

World XV Player

Joined: Thu Dec 19, 2013 12:07 pm
Posts: 3683

Re: Altrad looking to invest in Glous

Wow, strong stuff from Altrad, as he points to the finger at " certain stakeholders " in PRL.

GLOUCESTER RUGBY STATEMENT ON PROPOSED MOHED ALTRAD INVESTMENT

http://www.gloucesterrugby.co.uk/news/1 ... PZ3Y1TTWhA

Tue Apr 18, 2017 9:40 pm

Tony Panties

World XV Player

Joined: Thu Feb 19, 2015 10:37 pm
Posts: 9448

Re: Altrad looking to invest in Glous


	Llew wrote: Wow, strong stuff from Altrad, as he points to the finger at " certain stakeholders " in PRL. GLOUCESTER RUGBY STATEMENT ON PROPOSED MOHED ALTRAD INVESTMENT http://www.gloucesterrugby.co.uk/news/1 ... PZ3Y1TTWhA

When Altrad took over Mop he flooded the squad with Boks, sacked the Coach Galthié (went to Industrial Tribunal) ...
Hired JakeWhite, replaced by Cotter upcoming Season. Pretty ruthless guy and businessman, shakes trees, ...maybe PRL
just want to preserve their control......?..?

He also tookover the Mop multi sports stadium in quite a contentious battle, also has sposored French jersey when first offered for sponsorship ...

No half measures with him.

His history is well published and reported for his rise from poverty to billionaire with International Co over 100+ countries....
(biography easy to find on internet)

_________________

Easy to consider past and present, it's the future and associated plan and strategy to achieve that takes the talent ..

Wed Apr 19, 2017 10:11 am

Llew

World XV Player

Joined: Thu Dec 19, 2013 12:07 pm
Posts: 3683

Re: Altrad looking to invest in Glous

Tony Panties wrote:


	Llew wrote: Wow, strong stuff from Altrad, as he points to the finger at " certain stakeholders " in PRL. GLOUCESTER RUGBY STATEMENT ON PROPOSED MOHED ALTRAD INVESTMENT http://www.gloucesterrugby.co.uk/news/1 ... PZ3Y1TTWhA

When Altrad took over Mop he flooded the squad with Boks, sacked the Coach Galthié (went to Industrial Tribunal) ...
Hired JakeWhite, replaced by Cotter upcoming Season. Pretty ruthless guy and businessman, shakes trees, ...maybe PRL just want to preserve their control......?..?

He also tookover the Mop multi sports stadium in quite a contentious battle, also has sposored French jersey when first offered for sponsorship ...

No half measures with him.

His history is well published and reported for his rise from poverty to billionaire with International Co over 100+ countries....
(biography easy to find on internet)

It would seem the vote was split on this within PRL. So not so much PRL wanting to preserve control, but certain clubs within PRL who would not want Altrad pouring money into Gloucester. Thereby, protecting their own interest. This lot are nothing more than a cartel. No doubt it'll be quickly brushed under the carpet, just like the salary cap issue.

Wed Apr 19, 2017 10:44 am

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