Peter Thomas: Cardiff Blues chairman to step down after 20 years
Cardiff Blues chairman Peter Thomas is to step down after greater than 20 years within the function at Cardiff Arms Park.
The 75-year-old, who performed for Cardiff RFC within the 1960s, will stay on the board of administrators and write off all of his money owed, value greater than £11m.
Thomas may also take up a brand new function as life president of the area.
“It has been an honour to function chairman of Cardiff RFC and Cardiff Blues because the introduction of regional rugby,” stated Thomas.
“I really feel that is the fitting time to take a step again. I’ll stay on the board of administrators and look ahead to supporting the brand new chairman, whoever which may be.
“I’m assured within the plans in place and look ahead to the area constructing on the success of profitable the European Problem Cup.”
Businessman Thomas is amongst longest-serving chairman in skilled European membership rugby. He first invested within the membership in 1994 and went on to change into one of many powerbrokers within the sport in Wales.
He introduced a number of the largest names within the sport to the Arms Park together with Jonathan Davies, Iestyn Harris and Jonah Lomu.
These signings got here at a value and an enormous private price with private loans to membership totalling extra then £9.1m. His firm Atlantic Properties Developments PLC are additionally owed £1.9m, money owed which might be to be written off.
He has not too long ago campaigned to secure to lease for the Arms Park floor as a part of an bold redevelopment plan however has to this point been pissed off.
Thomas will stay in his submit for an additional 12 months to assist the transition. His successor and three non-executive administrators will likely be appointed throughout that point.
“The membership and area will endlessly be indebted to Peter Thomas for his contribution,” stated Blues chief govt Richard Holland.
“He has labored tirelessly and has solely ever had the most effective pursuits of rugby at coronary heart.”