Cardiff Athletic Club Management Committee Statement 03-07-2019
At the AGM of Cardiff Athletic Club in February 2019 it was overwhelmingly approved that,if the substantial rent arrears owed by Cardiff Blues were not cleared by the end of May 2019 legal proceedings should be taken for the recovery of the outstanding debt.
At the May meeting of Cardiff Athletic Club Management Committee it was unanimously agreed that on the 1st June 2019 a Statutory Demand be issued for all outstanding money.
Due to some confusion on the administration front it was discovered that the Statutory Notice had not been issued as instructed. At this time, we were assured by Cardiff Blues that a financial package had been arranged which would guarantee settlement of all arrears before the end of June.
As a result of this reassurance the legal proceedings were put on hold. We were told that certain conditions had been set by the lender which must be fulfilled by Cardiff Athletic Club before the rent would be paid.
We have been unable to meet these conditions and, in fact, the attachment of any conditions to settlement of rent arrears is a breach of the terms of the lease between Cardiff Athletic Club and Cardiff Blues Ltd.
Cardiff Athletic Club recognises the tough financial environment for regional rugby in Wales and has made every effort to work with Cardiff Blues Ltd to clear the outstanding arrears. However Cardiff Athletic Club Management Committee has a duty to all five of its sections, and the absence of any rental payments for such a substantial period has impacted on the operations for all sections of the Club.
Having exhausted all areas of negotiation and settle this matter amicably, Cardiff Athletic Club has therefore issued a statutory demand in respect of all outstanding debts to protect the interests of our members.