WRU's acquisition of troubled Cardiff cost £780kpublished at 12:31 British Summer Time 12 April
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There never seems to be a quiet week in the wacky world of Welsh rugby, and this week has been no exception.
On Wednesday, the Welsh Rugby Union (WRU) took control of Cardiff Rugby after the club's legal entity was placed temporarily into administration by its directors.
The WRU said Cardiff players and staff, which includes 153 employees, will be unaffected by the sale and fixtures will be fulfilled, with season and match tickets remaining valid.
Yesterday, the WRU confirmed the acquisition of the business and assets of Cardiff Rugby cost about £780,000. It now says acquisition costs for the club were made up of about £480,000 in cash and £300,000 of debt.
WRU chair Richard Collier-Keywood said: "Despite being owned by the WRU, our intention is to treat Cardiff as an independent rugby club, similar to the other regional sides and the WRU will assume the role of 'owner'.
"We wanted to provide a safe harbour whilst we draw breath and look at what's right in the longer term.
"Various key supplier contracts were transferred to the WRU subsidiary to enable the Cardiff Rugby business to continue to trade."