The statement accompanying the accounts goes on: “The directors remain confident in the company’s future development, supported by ongoing shareholder backing and continued funding arrangements with the Welsh Rugby Union.

“The expected transition to the new Professional Rugby Agreement (PRA25) is anticipated to enhance financial stability through to at least June 2028 and beyond.

“In addition, the proposed redevelopment and relocation to St Helens in Swansea represents a significant strategic opportunity to strengthen the Company’s long-term sustainability and growth prospects.”

There was no sign in the accounts of any major new loans. The current loans stand at £3.44m, the majority being the WRU post-covid loan over 19 years.

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What next for the Ospreys?

The Ospreys have endured a difficult season with question marks about its future following the WRU announcement in October 2025 they were planning to cut one of the four professional sides.

Ospreys’ fans and players have feared they are being targeted, especially after the WRU declared in January 2026 that Ospreys owners were the preferred bidder to buy Cardiff, who were taken over by Welsh rugby’s governing body in April 2025.

That deal subsequently fell through in April with the WRU announcing that the four professional sides would exist in their current guise until the end of the 2027-28.

They have invited Ospreys and Scarlets to sign the new Professional Rugby Agreement (PRA) which Dragons and Cardiff had already committed to.

But the WRU is pressing ahead with its policy of cutting a professional team by 2028 and has promised to outline how it plans to achieve that by the end of June.

Having played home games at the Brewery Field in Bridgend last season, work started this week on Ospreys new St Helen’s home.

The region are hoping to play their first game in Swansea against the Dragons on 24 October.

Related topics

  • Welsh Rugby
  • Ospreys
  • Rugby Union

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