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Mohed Altrad has withdrawn his latest offer to purchase Gloucester Rugby after the PRL rejected his proposals.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 votes at the next EPCR board meeting now pre-determined, Mohed Altrad has decided to withdraw from t…