NO DEAL: Mohed Altrad's proposed investment in Gloucester is off

The deal for billionaire Mohed Altrad to become a Gloucester shareholder is off.Premiership Rugby voted against proposals for Altrad to buy a 45 per cent share in the club at a board meeting and made the decision to restrict his share to 20 per cent. As a result, Altrad has ended his interest in investing in the club.European Professional Club Rugby required unanimous approval from their members to give the deal the go-ahead and were due to discuss it at their next meeting but with the PRL and..., NO DEAL: Mohed Altrad's proposed investment in Gloucester is off