WRU To Own Dragons Within Weeks?

The Welsh Rugby Union is set to take over Newport Gwent Dragons with a deal expected to be finalised within a matter of weeks according to Walesonline.com and other regional media sources. The Dragons were put up for sale last April but the search for new investors has proved fruitless despite apparent interest from some parties. Dragons chairman Martyn Hazell has promised to write off any debts owed to him as a condition of any sale leaving the organisation effectively debt free. The decision to relinquish control was made by its board after it agreed new investment was needed in order to try…