Altrad may be Gloucester's boss too?

Wed, 15 Feb 2017 10:14
Large mohed altrad2 800

NEWS: Gloucester Rugby revealed that the meeting with European Professional Club Rugby board about a takeover by Montpellier owner Mohed Altrad was fruitful.

But EPCR stated it still needs further considereation.  

Gloucester Rugby Chairman Martin St Quinton and Mohed Altrad travelled to Geneva on Tuesday, February 14 to jointly present to the Board of EPCR.

Altrad also owns French Top 14 club Montpellier and his plans regarding Gloucester first needs approval from the Rugby Football Union, French Rugby Federation, EPCR and World Rugby.

Following the meeting, EPCR released a statement: "The Board of EPCR has on  [Tuesday, 14 February] received a presentation from Altrad Participations - the parent company of Montpellier Hérault Rugby - and Gloucester Rugby regarding a proposed acquisition of the latter.
 
"At this presentation in Geneva, a number of proposals were received which require further consideration by the Board.
 
"The Board will continue its dialogue with all stakeholders ahead of further discussion with Altrad Participations and will be making no further comment at this stage,"

Meanwhile Gloucester statement read: "The situation is ongoing and the club will not be in a position to make any further statement at this point, but is keen to stress to its supporters and stakeholders that it will communicate any updates as soon as it is possible to do so,"

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