Newport RFC EGM Votes For WRU Take Over

Newport Gwent Dragons will be taken over by the Welsh Rugby Union (WRU) following Tuesday night’s historic Newport RFC shareholder vote. The nine-acre Rodney Parade site is included in the £3,750,000 (€4.4m) deal with the WRU set to assume operational control on the 1st of July. The vote, recorded at an EGM at Rodney Parade, was approved by 81% of the vote, in excess of the 75% required in the company’s Articles of Association. Newport Gwent Dragons chairman Martyn Hazell, alongside fellow principal benefactor Tony Brown, will write off £4.4 million (€5.18m) in debt as part of the agreement wi…