FoNR write to Newport RFC shareholders
You may be aware that the board of Newport RFC has provisionally agreed with the WRU that the Union will buy Rodney Parade and continue to run the professional side, to be renamed as simply “Dragons,” from there. Newport RFC will be permitted to play at the ground but the Union will not give any commitment how long that arrangement will last.
A meeting for shareholders and supporters was held with the stated aim of providing information about the deal to enable shareholders to make an informed choice. However, answers to what we believe to be the two most important questions were not available. The first question was the business model for Newport RFC in future, and how it is to develop income streams to enable it to compete in the Welsh Premiership with no ground. The second is how much of the loans put in by the directors is to be written off and how much is to be repaid.
Friends of Newport Rugby Supporters Trust