First, some history
Cardiff Rugby Football Club was established in 1876 as the rugby section of Cardiff Athletic Club (CAC) and remained in that set up until the advent of professionalism. CAC also has bowls, hockey and cricket sections. The rugby section played their first games at Sophia Gardens, just a short trip up stream from their eventual home at The Arms Park. During this long history they enjoyed regular fixtures against southern hemisphere international touring sides and defeated New Zealand, South Africa and Australia. They have a much better record against Australia than Warren Gatland, remaining unbeaten in six matches until 2009 when (playing under the brand Cardiff Blues) they were comfortably beaten by the Qantas Wallabies (see page 35 here).
With the advent of professional rugby, CAC’s rugby section was transferred to Cardiff RFC Ltd. The club continued to shine and lost narrowly in the first ever European Cup final to Toulouse at the National Stadium. The 1995-6 season saw the first major investments by Peter Thomas, and entrepreneur originally from Merthyr who had made his fortune in confectionary.
Stagnation in Welsh rugby, and a failure by the WRU to recognise that it is the club game where growth is set to accelerate, saw an unbeaten Rebel Season, featuring games against all the top English clubs. But the WRU failed to embrace the offer of an Anglo-Welsh league and the opportunity was lost.
Relationship with the Cardiff Athletic Club
CAC are owners of the land on which Cardiff Arms Park is situated. They do so under a convenant originally set up by the Marquis of Bute which authorises the land to be used for sporting purposes.
In 1997 CAC acquired £500,000 Ordinary £1 Shares in the capital of Cardiff Rugby Football Club Ltd. – the company set up to run professional rugby at CAP. CAC also own of 750,000 Heritage Shares which cannot be traded or sold, taking their total shareholding of £1,250,000. This entitles CAC to appoint 3 Non-Executive Directors to the Management Board of the Cardiff RFC Ltd (renamed Cardiff Blues Ltd in November last year).
Who owns Cardiff?
Peter Thomas : 1,062,000
CAC (Heritage Shares): 750,000
CAC (Ordinary Shares): 500,000
Martin Ryan: 500,000
Paul Bailey: 500,000
John Smart: 500,000
Simon Webber: 20,000
Gareth Edwards: 5,000
Others (non-board members): 698,202
Total Shareholder Value: 4,035,202
Who runs Cardiff?
Peter Thomas is a multi-millionaire who originally built his fortune with Peter’s Pies in Caerphilly. The 72 year-old went on to sell the company for £95m in 1988, and he moved into property with the creation of Atlantic Properties. Back in 2012, his family featured on the Sunday Times rich list, with wealth estimated at £225m.
Simon Webber is a 53 year old with multiple directorships in 21 active companies. His roles are mainly in the food and confectionary industry and he is based in England. He was appointed as a director at Cardiff on 22 November 2004. Webber is a barrister by trade.
70 year old Paul Bailey is chairman of the Bailey Group, a property company. He amassed his wealth through various property deals, working closely with Peter Thomas and his brother Stan. His estimated worth is around £75m. Bailey’s money has provided loans to keep Cardiff afloat.
Gareth Edwards is the greatest scrum half ever to have played the game of rugby union. The 68 year old was appointed as Director in May 2003. His major role at the club is to act as a recruiting agent and scout. When recruiting overseas, his name opens all doors – a wise appointment for the organisation.
John Smart is a property developer and owner of JR Smart Ltd. Reputedly worth close to £100m. Smart by name and nature, he has been a constant thorn in Peter Thomas’ side. The two do not see eye to eye on the running of the club. In recent years, Smart has taken a back seat and seems reluctant to get involved in day to day affairs.
57 year-old Martin Ryan was appointed a director in August 2014 and immediately invested £500,000 in the club. He still chairman of London Welsh Exiles. He is an extremely successful and well educated businessman. Ryan’s money – along with a loan from Bailey – bought the new pitch at CAP.
Richard Holland is a former vice-president of corporate relations and sales at Celtic Manor. He joined Cardiff following a stint as boss at Chepstow racecourse. The 42 year-old was appointed as CEO in January 2012, taking over from Robert Norster. His grandfather captained for Cardiff in the 1932/33 season.
Keith Morgan is a chartered accountant by trade. The 65 year old is an ex-chairman of CAC and also head of its rugby section. He is also Vice Chairman of the Rags. Each CAC representative serves for a three year term. Any replacements have to be approved by the CAC Management Committee.
Christopher Nott is a 56 year-old lawyer and non-executive director at the Cardiff Blues Ltd. Nott is one of the directors appointed by the CAC. A commercial lawyer, he is a managing partner at Capital Law – which employs 13 litigation lawyers and handles business in the £100ms.
John Huw Williams was appointed as a board member in December 2014. He is the third representative from CAC and replaced Malcolm Childs. Williams is the present chairman of CAC and played over 100 games for Cardiff.