A Dragons statement was released on behalf of owners David Wright, David Buttress and Hoyoung Huh.

“When we took over the Dragons in 2023 our ambition was clear, we wanted to build a club that could thrive both on and off the field,” the statement read.

“That commitment has not changed. With the incredible support of our staff, players, partners and above all our fans we are making progress.

“We have established financial stability and we remain focused on driving forward on field performances.

“In the coming weeks we will take part in the WRU consultation on the future of the game in Wales.

“Our message will be simple and consistent – elite rugby must remain in Gwent and Dragons RFC has every reason to continue proudly in its current form.”

Dragons were one of the five Welsh regional sides created in 2003 before it was taken over by the WRU in 2017 after the organisation had suffered financial difficulty.

Dragons returned to private ownership in June 2023 but have been in recent years the worst performing Welsh professional side.

The statement continued: “Like all Welsh fans we also want to see a strong national side, this requires a robust and competitive regional set up.

“We expect the WRU to listen carefully to all feedback during the consultation process and to reflect the views of every stakeholder when shaping its final proposals.

“We have great fans, dedicated staff and players, and fantastic partners. As custodians of Dragons RFC, we’ll continue to represent the interests of our entire rugby community.”