Mohed Altrad, the Syrian-born billionaire owner of French Top 14 side Montpellier, will be denied any operational control over Gloucester if his multi-million pound investment in the Premiership club is approved later this month.
It is understood that Altrad abandoned his controversial plan to take a majority stake of 54 per cent in the Premiership club at a European Professional Club Rugby board meeting in Geneva last month in the face of overwhelming opposition from the governing bodies and clubs.
Now it can be disclosed that revised proposals to buy a 45 per cent stake would be bound by stringent regulations to prevent any perception of a conflict of interest – including severe sanctions that could see both Gloucester and Montpellier face expulsion from European competitions for up to five years for any breach.
That seems even madder. As to the bolded bit, sure they will, just like the salary cap!