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Montpellier Owner Mohed Altrad Hopes To Seal Gloucester Takeover Soon

Top14 side Montpellier Owner & President Mohed Altrad "hopes to have his proposed takeover" of Premiership rugby side Gloucester confirmed by European Rugby execs this week, according to Daniel Schofield of the London TELEGRAPH. The takeover bid has been "rumbling on for several weeks with rugby authorities keen to establish that there will no conflict of interest over owning two clubs who could compete in European competition." It is understood that Altrad "will not be able to become a majority shareholder at Kingsholm but will still have a controlling interest" of 45%. Reports in the French press "continue to state that Altrad intends to bring in Philippe Saint-André as director of rugby to replace David Humphreys alongside coaches Gonzalo Quesada and Olivier Azam" (TELEGRAPH, 3/20).

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