Union Speeds Up Stadium Payoffs

Summary


THE Welsh Rugby Union has fast-tracked the repayment of its Millennium Stadium debts after agreeing a restructured financing arrangement.

The original loan taken out by the WRU to fund the development of the iconic stadium was more than Pounds 60million.

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Extract


Union Speeds Up Stadium Payoffs

But the new arrangement with bankers Barclays Corporate has reduced the debt fro...

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