Mohed Altrad

  • Altrad's €35M Sponsorship To Proceed Despite LNR Concerns

    Montpelier president and construction magnate, Mohed Altrad is getting used to hearing the phrase “conflict of interest”. The French Rugby Federation (FFR) confirmed the shirt sponsorship deal for the national team with the Altrad Group this week despite the LNR (the body representing pro clubs in France) requesting more time to investigate potential conflicts. The five year deal worth a reported €7 million (£6.2m) per year will run until the 2023 Rugby World Cup. FFR’s Bernard Laporte...

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  • Gloucester And Altrad To Wait For EPCR

    Montpelier chairman, Mohed Altrad will have to wait until mid-February to find out if he will be given the go-ahead to become Gloucester's majority shareholder, says the Gloucestershire Live website. The club were hoping for a speedier resolution but European Professional Club Rugby have confirmed that they will not make a decision over whether to give consent until their next executive committee and board meetings, which take place on February 13-14. Scaffolding magnate Altrad already holds com...

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  • Altrad's Support For France 2023 Bid Displayed On Shirts

    ... company to be displayed on the natoinal team's jersey. The logo will appear on French shirts from this Saturday when France play Italy in Rome in the RBS Six Nations and will remain until the announcement of the hosts for RWC 2023 in November this year. Mohed Altrad, the chairman of the construction firm, is also the chairman of T14 club Montpellier and is involved in a takeover bid to gain ownership of Gloucester rugby club that is currently under scrutiny due to concerns over conflict of inte...

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  • Altrad Withdraws From Gloucester Bid

    Mohed Altrad has withdrawn his latest offer to purchase Gloucester Rugby after the PRL rejected his proposals. The Montpelier president had initially proposed the purchase of a 55% stake, which he scaled down after fears of conflict of interest threatened to obstruct his bid. At a PRL board meeting on 11 April, the decision was made to restrict Altrad's investment to 20%, after a narrow vote against a 45% interest. This follows the decision taken by the French LNR in March. With the PRL and LNR...

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  • Montpellier's Altrad To Buy Gloucester?

    The billionaire president of Montpellier, Mohed Altrad, could be set to become the majority shareholder of Gloucester Rugby, according to media reports. Martin St Quinton only completed a full takeover of the club in February after the club was put up for sale by Ryan Walkinshaw, ending his family's 19-year-association with Gloucester. The club have released a statement in response to the speculation. "The board of Gloucester Rugby have always stated that if the right investment to take the clu...

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  • Police Raid FFR Offices And Laporte's Home

    ... was also searched by order of the national financial prosecutors office according to L'Equipe newspaper. Laporte has denied allegations he influenced the rugby federation's appeals process to reduce a fine to be paid by Montpelier, the club owned by Mohed Altrad with whom Laporte was discussing a lucrative contract for his own company. No comment has been made by the FFR, Laporte or the organisers of France’s successful RWC2023 bid team which heavily involved Laporte and was backed by Altrad....

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  • Altrad Presents His Case In Geneva, EPCR Consider Integrity

    The board of EPCR needed time for further consideration after receiving a presentation in Geneva this week from Martin St Quinton, Gloucester’s chairman and Mohed Altrad of Altrad Participations - the parent company of Montpellier Hérault Rugby - regarding a proposed acquisition of the Premiership club. While a Gloucester press release described the talks as “productive”, an EPCR statement said: “The board will continue its dialogue with all stakeholders ahead of further discussion with...

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  • Conflict Of Interest Storm Brewing For Laporte

    ... has been sent to the public prosecutor by sports minister Laura Flessel. An official investigation was commissioned after press reports of Laporte influencing a federation appeals committee to reduce penalties imposed on the Montpellier club owned by Mohed Altrad. Montpellier was found to have not controlled fans who displayed banners protesting the Racing-Stade Francais merger in April 2016. The club's €70,000 fine was reduced to €20,000 and a one-game stadium ban cancelled after Laporte's...

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  • Nat West Agree One Year 6N Deal For £11m

    ... heritage and for the last five years has supported more than 700 community rugby clubs across England and Wales via NatWest RugbyForce. Earlier on in the week, press reports had linked the Altrad Group – the corporation owned by Montpelier president, Mohed Altrad – as a potential long-term sponsor. The firm may still be in discussions about 2019 onwards. Premiership Rugby had been conducting an extensive search for a new sponsor for their league after Aviva had announced they were stepping...

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  • 2017 In Review

    ... Olympic Legacy Park but will not have primacy. Club Ownership The year started with the demise of London Welsh as a pro club. We were all shocked by the attempt to merge the two Parisian outposts of the T14, Racing 92 and Stade Francais. Montpelier’s Mohed Altrad’s bid to buy a controlling interest in Gloucester endured death by a thousand cuts as successive committees considered the potential conflicts of interest in multi-club ownership. Surely the same process the SRU will experience if...

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