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Thread: Juno Moneta Group

  1. #1

    Juno Moneta Group

    The Scarlets have started legal proceedings to reclaim £500,000 of lost revenue after one of their sponsors fell into administration owing creditors £12 million. Some of Welsh rugby’s biggest names have also found themselves at the centre of the fallout after the demise of the Juno Moneta Group.

    The group negotiated a three-year sponsorship package with the Scarlets worth in excess of £600,000 in 2018 and their founder and owner, now known as Claire Louise Thomas, became a board director at the Welsh region as a result of the deal. Thomas has been ordered to attend a bankruptcy hearing on November 3.

    The Wales scrum half Rhys Webb and former lock Ian Gough are two men who could yet lose thousands of pounds as a result. Webb is liable for £24,000 while Gough went into partnership with Thomas and is suing her for more than £50,000. “I can confirm we have had consent orders put in — one against Juno Moneta and one against Claire Louise Thomas,” Gough said. “We have also raised statutory demands and a bankruptcy permission. We are owed in excess of £50,000.”

    Founded and chaired by Thomas, the Cardiff-based financial services firm Juno Moneta Group also had past links with Cardiff City where it had naming rights to the football club stadium’s hospitality lounge. Like the Scarlets, Cardiff have now terminated their relationship with the company.

    Thomas enjoyed a board position at the Scarlets, but after ending their deal with Juno Moneta a year early due to the company going into administration, the Llanelli-based side have now filed a claim for a sum understood to be in excess of £500,000 for loss of earnings.

    Gough set up Ian Gough Sports Management with Thomas in January 2018 but at the start of 2019 he became uneasy with the way Thomas was working with the Wales players involved in business with her. In February of that year, his work payments stopped without reason. Gough began legal proceedings against Thomas for loss of earnings and also unpaid rent on a building in Porth which he co-owned with Thomas and out of which a number of her businesses have traded.

    Another potential high-profile casualty is Webb, who this year returned from Toulon to the Ospreys. He is about to be issued with a court demand for a sum of £24,000 for unpaid fees relating to a failed housing deal with Cross Hands-based firm Enzo Homes. The deal with Enzo Homes was managed by Juno Moneta but in Webb’s name.

    Fiorenzo Sauro, of Enzo Homes, said: “Rhys was going to buy two properties in Ammanford from our business and he wanted me to do a part exchange to which I agreed. The deal was negotiated by Juno Moneta. Normally when you do a part- exchange you complete on the purchase at the same time. In this case they asked me for a gap. The plan was we would complete on his house in Bridgend and then we would complete on the other two houses seven and 28 days later.

    “That never happened. After seven days of nothing happening, I checked on why and I started getting excuses. It cost us about £24,000.” When Webb was contacted for comment he said he was unaware he was liable for any costs.

    Companies House records state Thomas is involved in 21 businesses. When Juno Moneta became the Scarlets’ main shirt sponsor, the company had a lounge at the team’s Parc y Scarlets home branded with its name in a similar way to a deal previously arranged at Cardiff City. The majority of its investment portfolios surrounded property and the purchase of houses for rent. The focus was on providing the players with a regular income away from rugby and for the future once their on-the-field careers had finished.

    So impressed were a number of the Wales side with Thomas that they even attended her wedding to Simeon Thomas. Scarlets and Wales stars Aaron Shingler and James Davies, Webb, and former internationals Hadleigh Parkes and Eli Walker were all present.

    Former Wales and Ospreys wing Walker, who retired in 2018 at just 25 due to a back problem, went on to invest more than £100,000 of an insurance payout for his career-ending injury in setting up construction company Walker Blake Limited with Thomas in June 2018.

    Walker Blake was charged with carrying out renovation work on properties managed by Juno Moneta. Walker had no previous experience of the construction industry but was backed by Thomas and boosted by her strong connection to Welsh rugby. The Scarlets even used the region’s official Twitter account to promote Walker Blake’s services and the company’s connection to Juno Moneta. Walker did not comment.

    Thomas also moved into Welsh grassroots rugby when Porth-based club Wattstown RFC confirmed they were being supported by Juno Moneta “to raise money for club refurbishments.” Wattstown also renamed their club lounge the Juno Moneta Lounge. The Wattstown chairman Mark Leyshon was a director and solicitor at Equilibrium Law, a company of which Thomas was a director. Equilibrium Law is now in liquidation but had previously been based at the Porth address.

    Thomas nonetheless remained heavily involved at the Scarlets and employed Suzanne Parkes — the wife of former Wales and Scarlets centre Hadleigh — as a corporate accountant with Juno Moneta from November 2018. Suzanne Parkes was fully qualified for the role.

    On August 7, 2020, Juno Moneta was put into administration by its main creditor, Contrad, who had provided Thomas’ business with a £10.3 million fixed charge loan in 2018. The Scarlets have declined to comment on any creditor position with Juno Moneta. A number of Scarlets players, Aaron Shingler included, have lost sponsored cars provided by Juno Moneta as a result of administration. Thomas has declined to comment.
    https://www.thetimes.co.uk/article/s...nsor-kldkwbk0n

  2. #2

    Re: Juno Moneta Group

    https://www.cardiffcityfc.co.uk/hosp...-moneta-lounge

    The Juno Moneya Lounge page is still on the club website.

  3. #3

    Re: Juno Moneta Group

    Quote Originally Posted by LeningradCowboy View Post
    https://www.cardiffcityfc.co.uk/hosp...-moneta-lounge

    The Juno Moneya Lounge page is still on the club website.
    Time for Michael Morris to step in and make it the CCMB lounge

  4. #4

    Re: Juno Moneta Group

    Quote Originally Posted by lisvaneblue View Post
    Time for Michael Morris to step in and make it the CCMB lounge
    He can use some of the grant he gets from the Welsh Assembly for keeping the welsh language board open.

  5. #5

    Re: Juno Moneta Group

    Quote Originally Posted by lisvaneblue View Post
    Time for Michael Morris to step in and make it the CCMB lounge
    I had tickets in there once a couple of seasons ago. You get a good view from the seats at the top of the grandstand, but the lounge itself was pretty underwhelming.

  6. #6

    Re: Juno Moneta Group

    Quote Originally Posted by LeningradCowboy View Post
    I had tickets in there once a couple of seasons ago. You get a good view from the seats at the top of the grandstand, but the lounge itself was pretty underwhelming.
    £5 for a glass of piss

  7. #7

    Re: Juno Moneta Group

    I've got a ticket in the lounge and I think it's great. The cider is Ok though. I never figured out how their model worked, Juno Moneta that is, as they seem to be everywhere. As I work in the same industry I wondered where all the money came from. It seems clear now that it was all funded by a massive loan.

  8. #8

    Re: Juno Moneta Group

    I sit in this area of the ground. I like it, nice atmos with friends and family. Always wondered who the owner was when it changed names to the Juno lounge, used to see her in there then giving it the big one. For some reason always looked a bit dodgy with her entourage and random rugby players. Now we know!!

  9. #9
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    Re: Juno Moneta Group

    Is this Thomas any relation to Peter Thomas, the owner of Cardiff blues and Peters pies? Brother of Stan Thomas who is funding Merthyr Rugby Club and owns the Cardiff Hilton? (He used to have shares in Bristol and Miami airports too)
    Just wondering.

  10. #10

    Re: Juno Moneta Group

    I checked an there is no such person registered on the Financial Conduct Authority website, so all he dealing were un-regulated apparently. Unless she was referring to authorised people for regulated investment business.

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