David Moffett
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| David Moffett | |
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| Born | May 17, 1947 Doncaster, England |
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| Occupation | Businessman |
| Spouse | Kerri Moffett |
David Moffett is an executive businessman who was notably the Group Chief Executive of the Welsh Rugby Union from 2002 until 2005.
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[edit] Biography
David Moffett was born in 1947 in Doncaster in Yorkshire, England. Having spent a large amount of his childhood in Kenya he later emigrated to Brisbane, Australia in 1963.
[edit] Previous Employment
[edit] Waste Management
Before entering management in the sporting arena, David had a long period in waste management, both with major companies in Australia and starting his own businesses, from contract cleaning to clinical waste and landfill.
[edit] Sport
He is also one of the chief architects of SANZAR (South Africa, New Zealand and Australia Rugby) in 1996.
Prior to his job at the WRU, he worked as Executive Director of the New South Wales Rugby Union, Chief Executive at the New Zealand Rugby Union, Chief Executive at Australia's National Rugby League from 1999 - 2001 and Chief Executive of Sport England from January 2002 - 31st March 2003 earning £140,000 a year.
[edit] WRU Group Chief Executive Appointment
He took up his post at the WRU on December 2, 2002 having beaten off over 100 other applicants to the job, and immediately set about controlling the WRU's finances who were by this time heavily in debt (around £55 million) due to poor management of funds and expenditure on facilities such as the Millennium Stadium. Moffett created an 18 man Board of Directors, replacing a 27 man committee as part of his streamlining of administration at the Union.
Moffett also gained backing to dismiss the Wales 'A' Team, long considered an important development side playing at a level just below that of full international level, in order to save money and develop rugby players at a higher level.
[edit] Regional Rugby
However the most controversial decision Moffett took was the introduction of regional rugby to Wales. After much discussion with the clubs, he got his wish and for the 2003-04 season five regions were created, some jointly owned by two of the former clubs and two (Llanelli Scarlets and Cardiff Blues) were owned by only one club, promting complaints of favouritism from supporters of the other clubs. During the 2003-04 season 50% of the ownership of the Celtic Warriors region was sold to the WRU. At the end of the 2003-04 season Leighton Samuel, the owner of the other 50% of the region also sold his share to the WRU. Following the WRU's decision to become 100% shareholders in the club; they found it had been left heavily in debt. With the lowest support base of all the new provincial teams and determined to eradicate Welsh Rugby's financial difficulties, the Celtic Warriors team was dissolved leaving just four regional teams; this had been Moffett's original intention. The regions each receive £2 million a year from the WRU, although originally Llanelli Scarlets and Cardiff Blues received less than the others, as a punishment for going alone.
With regard to the debt caused by the Millennium Stadium, on November 24, 2004, it was announced that Moffett had secured a deal with Barclays Bank to repay £45 million over 35 years and for the remaining £10 million of the debt to incur no interest and not to be repaid unless the WRU or the Millennium Stadium Plc default or sell the stadium or enter into partnership with a third party within the said period of thirty-five years. As part of this deal with Barclays, the WRU Group cleared its debt to BT for the land on which the stadium was built. He also secured permission from the Millennium Commission, who had provided a grant for the construction of the stadium to obtain a sponsor for naming rights of the stadium on condition that the word Millennium remained in the name.
[edit] WRU Group Chief Executive Resignation
Moffett signed an extension to his contract which would see him remain at the WRU until 2008 in March 2004. However on the September 29, 2005 he announced his resignation to take effect on the December 31, 2005. He cited personal and family reasons for his departure.
Under his command the WRU went from making a loss of £3.7 million in the year he joined, to making a profit of £3.6 million in the year he left. The WRU decided not to replace him, instead sharing his duties between the Millennium Stadium manager, Paul Sergeant and WRU Chief Executive Steve Lewis. Although following the Mike Ruddock affair in February 2006, the WRU decided to replace him with Roger Lewis.
[edit] Post WRU
David Moffett now lives in Canterbury, New Zealand where he runs his own change management business.
