Blues Make £1.49m Loss In 2015/16

The Cardiff Blues have fallen further into the red with board member Martyn Ryan warning that the professional game in Wales is now at crisis point and should look to create two super regions with the financial clout to be competitive reports Wales Online. It comes as the Blues, which is hoping to secure a 150 year lease from landlord Cardiff Athletic Club to redevelop its BT Sport Arms Park home – with two possible options in a new stadium and an indoor arena – have posted pre-tax losses of £1.49m for the its last financial year up to the end of June 2016. . While the previous year was a 13 m…