Gloucester welcomes talk on 'right investment'

Gloucester Rugby has welcomed investment talks that will benefit the club in making progress.

Reports emerging that billionaire Mohamed Altrad, who is also the owner of the Top 14 club Montpellier has expressed his interest in buying the majority of shares in Gloucester.

Martin St Quinton, who was a major shareholder since 2008 had completed a full takeover of the club earlier this year after purchasing the remaining shares from Walkinshaw family.

With speculations rising, Gloucester issued a statement that 'right investment to take the club forward' will be encouraged for further discussions. The Cherry and Whites also emphasised on St Quinton's full commitment to the club in their statement.

"Gloucester Rugby are aware of the speculation from various media channels linking the club with a potential majority shareholder interest," read Gloucester's statement.

"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."

For Altrad to buy majority shares from Gloucester, it needs ratification from Rugby Football Union, French Rugby Federation and World Rugby.

It also needs approval from European Professional Club Rugby organisers to avoid any potential conflict of interest at a later stage.