THE DEADLINE for a proposed takeover of Cardiff Rugby has been pushed back, giving potential buyers more time to finalise a deal.
The Welsh Rugby Union (WRU) has granted Ospreys owners Y11 Sport & Media a further 30 days to continue negotiations, with the new deadline now set for Wednesday (Apr 22).
The original exclusivity period for talks has now expired, but discussions between both parties remain ongoing after the WRU board previously selected Y11 as its preferred bidder in January.
The extension comes at a tense time for Welsh rugby governance. WRU chair Richard Collier-Keywood is due to face a vote of no confidence at an extraordinary general meeting later this month, following pressure from leading figures within Central Glamorgan Rugby Union.
Clubs are also expected to vote on proposed changes to how WRU board members are appointed, despite the current representatives having only recently been re-elected.
The unrest follows controversial plans by the WRU to reduce the number of professional teams in Wales from four to three by 2027 — a move that has sparked concern across the game.
In a statement, the WRU confirmed that negotiations with Y11 have been ongoing since the group was chosen as the preferred bidder, with both sides continuing to work towards agreeing terms for the takeover.
