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However, following the Championship winning campaign of 2006-07, it was announced that Leeds Metropolitan University had entered into a joint venture with the club and taken a majority stake in Leeds Tykes, with the club renamed Leeds Carnegie for their return to the Premiership Rugby competition. The change of ownership was seen as a ground breaking arrangement in British sport with an educational institution taking over ownership of a professional sporting organisation.
In May 2009 it was announced that, following promotion back to the Premiership Rugby competition, that the club was re-structuring with former Wales and British Lion international Gareth Davies joining a new board of Directors, and Leeds Rugby taking control of the club once again.
In order to attract further financial support for the club, Leeds Met has returned its 51% stake in the club to Leeds Rugby and agreed a revised strategic partnership arrangement, which includes sponsorship. The name of the club will remain as Leeds Carnegie RUFC.
Davies, who is a former Chief Executive of Cardiff RFC and BBC Wales Head of Sport, is the new Dean of the Carnegie Faculty of Sport & Education at Leeds Met and he will represent the university on a new board, which is headed up by Paul Caddick as Chairman.
The name Carnegie comes from the Scottish entrepreneur and philanthropist Andrew Carnegie whose Carnegie Trust funded the establishment of a PE teaching training college in 1930s. Carnegie College is now the Carnegie Faculty of Sport and Education within Leeds Metropolitan University.
Leeds RUFC founded in 1991 after the merger of Roundhay and Headingley. They were renamed Leeds Tykes in 1998 and became Leeds Carnegie in 2007.