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‘Debt free’ Dragons an incredible opportunity says CEO

Dragons CEO Stuart Davies believes the sale of the club is an ' incredible opportunity' Credit: Newport Gwent Dragons

A debt free Dragons up for sale is an ‘incredible opportunity’ according to the club’s CEO.

Stuart Davies has begun the search for a buyer after the current board decided to put the outfit on the open market in the hope that new investors can be found to take them forward.

As part of any deal Dragons Chairman Martyn Hazell has also confirmed that he’ll effectively write off money owed to him leaving them debt free.

And despite having little in the way of tangible assets like a ground or training facilities, as well as mounting financial pressures, Davies believes the package on offer is a brilliant chance for investors to get involved for one or more people.

Asked who he thinks could be interested Davies said:

“A high wealth individual obviously, if it’s going to be one person.

“It could be a collective as well who have a passion for Gwent or Welsh rugby, or sport at large who think ‘we just want to be the people who do this’ and get involved.

‘It’s a clean slate, it’s an incredible opportunity.

‘Essentially it’s the existing board saying if you’re the right people with the right plan, the right intentions for the region and the ability to deliver on it then we’ll hand it over.

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Dragons announce plans to become fully independent region

Credit: PA

The Newport Gwent Dragons have unveiled plans to establish themselves as a fully independent region.

The plans are intended to attract fresh investment and would involve the current joint owners, Newport RFC and the Welsh Rugby Union, transferring their shares to new parties.

This is a hugely important decision that will hopefully enable a new chapter to be written in the Dragons’ story. I am excited by the potential we have and the prospects that this moment brings, and the search can begin in earnest now for the people who wish to take a place at Welsh rugby’s top table and embark on what could be a great adventure.

I would also like to thank the WRU for their support of the proposals, their patience whilst we have been bringing about change, and their assistance in taking the plan forward.

– Stuart Davies, Newport Gwent Dragons Chief Executive

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HT: Scarlets 9-18 Cardiff Blues

Tries from Wales internationals Lloyd Williams and Tom James put Cardiff Blues in the lead at half time against Scarlets at Parc y Scarlets.

Gareth Anscombe opened the scoring with a penalty and added a further three points and a conversion to his first half tally. Three penalties from Dan Jones gave the Scarlets their points.

Half time score Scarlets 9-18 Cardiff Blues.

Full time: Dragons 15 - 16 Edinburgh

It was a close call for the Dragons at Rodney Parade losing 15 - 16 to Edinburgh.

Wales centre Tyler Morgan made his first Dragons start of the season.

Morgan hasn't played since he injured his shoulder when playing for Wales in the 2015 World Cup.

Taulupe Faletau and Hallam Amos both returned for the Dragons after the Six Nations.

Full time: Dragons 15 - 16 Edinburgh.

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