ITV Sports reporter Matthias Kurth has reported that Mohed Altrad’s planned takeover of Gloucester Rugby is still set to happen despite the club and owner still waiting on approval from European Professional Club Rugby (EPCR).
— Matthias Kurth (@MKurthTV) February 17, 2017
Altrad, who is currently the President of Top 14 contenders Montpellier, is rumored to want former Gloucester coach Philippe Saint-Andre to return to the Kingsholm next season and form a new-look coaching team with current Toulon boss Mike Ford and ex-Gloucester favourite Olivier Azam.
On Tuesday, Gloucester Rugby Chairman Martin St Quinton and Altrad traveled to Geneva together to present a joint presentation to the EPCR ahead of Mr. Altrad’s planned takeover.
The EPCR have yet to ratify Mr. Altrad’s planned takeover bid, however, a statement released by Premiership Rugby on Tuesday indicate that the discussions have been positive so far.
The statement read:
“The Board of EPCR has today received a presentation from Altrad Participations (the parent company of Montpellier Hérault Rugby) and Gloucester Rugby regarding a proposed acquisition of the latter.
“At this presentation in Geneva, a number of proposals were received which require further consideration by the Board.
“The Board will continue its dialogue with all stakeholders ahead of further discussion with Altrad Participations and will be making no further comment at this stage.”
There is no planned timeline for the EPCR’s approval but Kurth’s report indicates that the planned takeover is still firmly on the table.
Jack O’Toole, Pundit Arena