On 30 June 2023, following a thorough and detailed process, a Heads of Terms agreement was signed between the new consortium and the WRU.
The deal for Welsh rugby, which allows Dragons RFC to pursue a clear and long-term strategy and take full ownership of the historic Rodney Parade site, has been agreed by WRU and the new owners.
The Gwent club will be led by a consortium which includes chair David Buttress, Graeme Bradbury and David Wright who will take the club into the next exciting chapter of Welsh rugby.
New owner and Director Wright outlined his excitement saying: “I’ve been talking to David (Buttress) for the last eighteen months about joining the consortium and so now having completed the deal, I’m excited about the challenges and opportunities that lie ahead.
“The last two months we have asked some challenging questions as a consortium as we want to make sure that the Dragons are successful both on and off field. I am confident that in the next year we can drive change to set the club up to compete in the long-term.”
Details of a fan forum with members of the new consortium, to address supporters and outline the club’s clear and long-term strategy, will be announced shortly.
The new owners of Dragons RFC took the opportunity to thank fans, the Welsh Rugby Union, the City Council and commercial partners for their unwavering backing and messages of support throughout this entire process.