Gloucester welcome discussions amid takeover talk

Updated: 

Gloucester say they would "welcome discussions" amid reports Montpellier president Mohed Altrad could bid for a majority shareholding in the Premiership club.

Reports in French media suggest the Syria-born billionaire is keen to take a controlling stake in the Kingsholm outfit, with talks said to be at an advanced stage.

A statement released by the club on Monday read: "Gloucester Rugby are aware of the speculation from various media channels linking the club with a potential majority shareholder interest.

"The board of Gloucester Rugby have always stated that if the right investment to take the club forward is found that we would welcome discussions. 

"[Chairman] Martin St Quinton and the executive team are committed to the future of the club, and if there are significant strategic benefits that can be sought by introducing the right people to the club who share our drive and ambition then we will act in the best interest of the club.

"The club will be making no further comment at this stage."

St Quinton only took full ownership of Gloucester in February after purchasing shares previously held by the Walkinshaw family.