Wales Deals Stephen Farrell

Cardiff Blues have said they will not pursue the option of a takeover by the Welsh Rugby Union (WRU) as they seek options to support the redevelopment of Cardiff Arms Park.

The club has held talks with the union, initially over support for the potential redevelopment of the ground. This led to discussions regarding taking control of the rugby operation both on a temporary and permanent basis.

Chief executive Richard Holland has now issued a statement saying the board has taken the unanimous decision not to pursue the offer.

He added that negotiations were ongoing over a 150-year lease with development rights with the stadium's owner, Cardiff Athletic Club.

Holland said: "With only five years remaining on the existing lease and the annual costs of maintaining the current facility escalating, the Cardiff Blues board are resolutely focused on extending the lease and redeveloping Cardiff Arms Park to provide a fit for purpose stadium for both Cardiff Rugby Football Club and Cardiff Blues.

"The history and heritage of Cardiff Rugby at Cardiff Arms Park is of paramount importance to the board and it is essential to protect all elements of this great club and its iconic home."

Holland also set out some initials concepts for work on Cardiff Arms Park, including the replacement of the North and South stands as well as a complete redevelopment of the entire site.

Earlier this month the WRU secured approval for a £3.75m takeover of Newport Gwent Dragon, including the Rodney Parade ground.