Cardiff Rugby to Enter Administration as Financial Crisis Deepens

CEO Richard Holland confirmed the move during a staff meeting, with the Welsh Rugby Union stepping in to assist in safeguarding the club's future.

Cardiff Rugby has filed a Notice of Intention to enter administration, giving the club a two-week window to explore financial options.
The financial crisis follows the death of longtime benefactor Peter Thomas in 2023 and subsequent challenges in securing sustainable investment.
Helford Capital Limited, which acquired a majority stake in 2024, has faced scrutiny over governance issues, including Neal Griffith's involvement in a failed financial venture.
The Welsh Rugby Union is collaborating with Cardiff Rugby's board and administrators to protect professional rugby in the capital city.
Severe funding reductions from the WRU and wage cuts for players have exacerbated financial instability, reflecting broader challenges in Welsh rugby.