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Board Summary - November 2023

Corporate | 28th February 2024

Cardiff Rugby Board Summary – 1st November 2023



The previous minutes were approved subject to one amendment and actions arising therefrom confirmed.



  • Cashflow continues to be tightly managed.
  • WRU payment brought forward.
  • Audit brought forward from June to enable accounts to be published at the end of the month.
  • Next season’s draft budget completed in line with new PRA.

Richard Holland’s Executive Summary


  • Good progress made on planned transaction with Helford Capital.
  • Due diligence work in progress.
  • All legal requirements in place to enable swift completion.
  • Circular prepared for AGM.
  • New world rugby competition discussed at PRB.
  • Implications of new salary cap discussed.
  • WRU new development competition.
  • Two proposals for CAP lease extension tabled.

Rugby (Matt Sherratt)

  • Pre-season presentation to players shared – theme of connecting and looking ahead, ensuring that players aware of history of Cardiff, one of the greatest clubs in one of the best cities.
  • CR’s culture needs to be about the club, not personalities - history had been an eye opener to many.
  • Account provided of additional actions taken to build the right culture within the squad.
  • Selection and retention of players discussed – desire to bring local players back and stem flow of players out of region.
  • Need to strengthen proactive contact between board and squad identified.

Rhys Blumberg’s COO Summary

  • Changing landscape of sports sponsorship and challenges arising from described.
  • Importance of developing a women’s team identified.
  • LED boards to be installed around pitch.
  • Season membership position updated.
  • Forthcoming European and Boxing Day fixtures selling well and other revenue streams being explored.
  • Financial benefits of permanent marquee clear.
  • Significant maintenance work continues to be undertaken at CAP.

Nadine Griffith’s Foundation Summary

  • Busy period including 21 Fit and Fed camps in areas of high deprivation to tackle holiday hunger.
  • Discussion on better ways to engage Academy players in supporting the Foundation’s work.
  • Financial position continues to be positive.
  • New reporting system to be introduced that will measure impact as well as engagement


  • Arrangements were being put in place for the unveiling of Peter Thomas’ portrait.