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Altrad looking to invest in Glous 
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Post 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
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Post 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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Mon Nov 21, 2016 12:45 pm
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Post 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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Wed Dec 14, 2016 10:17 pm
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Post 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
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Post Re: Altrad looking to invest in Glous
:D


Fri Dec 16, 2016 1:07 pm
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Post 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
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Post 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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Fri Feb 10, 2017 10:04 am
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Post 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
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Post 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

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Tue Feb 14, 2017 8:31 pm
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Post 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 ;)

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Mon Mar 20, 2017 11:46 am
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Post 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 .....

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Tue Apr 18, 2017 7:54 pm
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Post 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
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Post 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
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Post 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)

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Wed Apr 19, 2017 10:11 am
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Post 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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