Louise Evans from business advisors Grant Thornton says promotion could be worth up to £150m for the club and will have knock-on benefits for the city and Wales.
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The squadron is being disbanded as part of the Army's response to the Government's Strategic Defence and Security Review.
Andrea Byrne presents the third episode of Helimeds following the helicopter crews of the Wales Air Ambulance.
The heaviest of the rain clears overnight leaving a much drier and brighter picture for the weekend!