Hobbycraft To Launch CVA to Close Stores And Negotiate With Landlords
Hobbycraft To Launch CVA to Close Stores And Negotiate With LandlordsLicensed Insolvency Practitioners With National Coverage
Cardiff Rugby is intending to appoint administrators according to reports on the BBC and in the Daily Mail. The Welsh Rugby Union is expected to step in to stop the club disappearing as was the case with the Wasps in England.
Investment group Helford Capital Limited completed a Cardiff takeover in January 2024 after it acquired an 84.55% shareholding in the regional team.
In March 2024, Cardiff announced a loss of £2.1m for the year ending June 2023, with the next set of accounts due in May 2025.
It is understood that the Club will honour all signings for next season and, what will no doubt come as some relief, there is no automatic points deduction if a club goes into administration.
The club has been playing since 1876 and is regarded as one of the grand old clubs. Its home ground is Cardiff Arms Park which has played host to famous victories over even national teams like the All Blacks.
Hobbycraft To Launch CVA to Close Stores And Negotiate With Landlords
Hobbycraft To Launch CVA to Close Stores And Negotiate With Landlords
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