FoNR dismayed at possible outcome
The Trust has discussed the situation in the light of what we learned from our meetings with the WRU and with Stuart Davies last week. Certain information was given to us in confidence and of course we will respect that. However if the WRU are to step in they will need to make considerable investments in the ground, including installing a new pitch and bringing other facilities up to standard. It is understandable that they would only be able to make that commitment if they own the ground.
It has been suggested that part of the ground be sold to clear debts, but the land values don’t seem to be high enough to do that and make the investments needed in the pitch and facilities. The loans secured on the ground include substantial sums owed to Tony Brown and Martyn Hazell but it is not clear how much of those loans needs to be repaid and how much, if any, will be written off. It’s also likely that a partial sale will take too long.
The situation is very serious and although there might be other options time is running short and lack of clarity on certain matters is proving difficult to overcome.
The supporters have been told on several occasions that Newport Rugby Club would be left debt free. Nobody ever imagined that this would be achieved by selling the ground and leaving it asset free as well. Many supporters will feel badly let down if this goes ahead.