Gloucester respond to report of Mohamed Altrad interest
Monday 21 November 2016 19:02, UK
Gloucester say they are open to "to right investment" amid reports of interest from Montpellier owner Mohamed Altrad.
Reports emerged on Monday linking billionaire Altrad with a controlling stake in the Premiership club, whose current majority shareholder is Martin St Quinton.
A statement from Gloucester stopped short of confirming Altrad's interest but said the option of new investment is open.
"Gloucester Rugby are aware of the speculation from various media channels linking the club with a potential majority shareholder interest," the statement read.
"The board of Gloucester Rugby have always stated that if the right investment to take the club forward is found that we would welcome discussions.
"Martin St Quinton and the executive team are committed to the future of the club, and if there are significant strategic benefits that can be sought by introducing the right people to the club who share our drive and ambition then we will act in the best interest of the club.
"The club will be making no further comment at this stage."
Altrad would require clearance from English, French and global rugby bodies to own clubs in the Top 14 and Premiership.
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