PRO14

Asian group takes 'multi-million' stake in Welsh rugby franchise

Cheetahs v Ospreys (Gallo Images)
Cheetahs v Ospreys (Gallo Images)

Asian based group Y11 Sports & Media has taken a "multi-million" majority share of the Ospreys, the Welsh rugby franchise announced on Wednesday.

Register your interest for the British & Irish Lions tickets in South Africa 2021

The firm has acquired 75.1% of the four-time league winners who almost merged with rivals the Scarlets last year and have the likes of Wales captain Alun Wyn Jones in their squad.

"For some time now we've been planning a radical shift of gear and, from that, over 12-months of hard work and strategic planning has led to this new partnership," the side's chairperson Rob Davies said.

"We needed to secure the success of the past, whilst embracing fully the future and that is what we are now doing together. We're thrilled by the opportunities ahead," he added.

The PRO14 season has been suspended since mid-March with June's final cancelled due to the coronavirus pandemic and the Swansea-based outfit lies bottom of Conference A after just two league wins.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Voting Booth
What is your favourite sport to watch on TV?
Please select an option Oops! Something went wrong, please try again later.
Results
Rugby
42% - 10235 votes
Cricket
11% - 2759 votes
Football
19% - 4624 votes
Athletics
2% - 605 votes
Boxing
1% - 230 votes
Cycling
2% - 561 votes
Golf
5% - 1220 votes
Motorsport
8% - 2037 votes
Tennis
3% - 823 votes
Water sports
1% - 218 votes
American sports
1% - 301 votes
MMA / WWE / UFC
3% - 787 votes
Vote