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Altrad looking to invest in Glous 
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Post Re: Altrad looking to invest in Glous
Llew wrote:
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.


Too many cliques in Pro Rugby ... cue World Rugby at the top of that tree ;)

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Wed Apr 19, 2017 1:42 pm
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Post Re: Altrad looking to invest in Glous
Andrew Umbers of Oakwell Capital who advised the Altrad Group said:

"It is disappointing having received broad support from all of the relevant rugby authorities, RFU, FFR, World Rugby and the EPCR but not the unanimous support of the PRL.

"With £500m of revenues in the U.K. the Altrad Group would have brought significant investment into the city of Gloucester and its well managed and fanatically supported rugby club."

Fortune favours the brave. This approach simply puts the brakes on a sport that could pioneer growth and investment opportunities. Maybe this can be revisited when the regulatory landscape is more favourable.

Gloucester Rugby Chairman Martin St Quinton added:

"After many months of work and negotiations, we are understandably disappointed that matters have concluded this way and we fully understand Mohed Altrad's disappointment.

"It has been a frustrating process for him and ourselves at Gloucester Rugby. We worked tirelessly together to try and overcome all the obstacles put in our way. Sadly, the matter was ultimately taken out of our hands, other parties decreed that it was not meant to be.

"However, we now move forward as a Club with much to look forward to this season and beyond, including a European semi-final this weekend and then the push for Champions Cup qualification.

"On behalf of Gloucester Rugby, we would like to thank Mr Altrad for his interest in the Club. It speaks volumes of how well we are viewed externally that he was so interested in investing in us"

We firmly believe that we have an exciting future ahead of us and whilst we naturally would have welcomed Mr Altrad's investment in to the English game, we are on a solid footing moving forward and look forward to finishing this season strongly and have a lot to look forward to next season and beyond"

Looks like Gloucester don't want to sell their club to overseas investors.

Most of the business establishment, Utilities etc, sold out without a qualm.


Thu Apr 20, 2017 8:52 am
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