Sherratt praised the role of Welsh rugby’s governing body.
“The WRU have been brilliant, I can’t speak highly enough of how they have been,” said Sherratt.
“The speed they have done it at has been impressive. But away from the business side of it, their first thought has always been about the people at the club. I got texts immediately asking if the players and staff were OK.
“Regardless of the nuts and bolts of it, the way they cared about the staff and players was the most impressive thing for me.”
In the immediate aftermath of last week’s takeover WRU chief executive Abi Tierney said it was “unthinkable for us to allow the demise of professional rugby in the Welsh capital”.
“There is a massive amount of history here and I think the Welsh game would lose a lot if it lost Cardiff,” said Sherratt.
“It’s an iconic club in the middle of the city. It’s essential that rugby stays.”
Cardiff are currently ninth in the United Rugby Championship (URC) and return to action on Saturday where they face rivals Ospreys as part of Welsh rugby’s Judgement Day at the Principality Stadium.
They then take on Munster, Bulls and Stormers in the URC in the hope of clinching a play-off place, which is awarded to teams who finish in the top eight.
“It will be nice to get back to rugby because, from my perspective in particular, it wasn’t an easy week to concentrate on rugby,” said Sherratt.
“Because I know the lads, I don’t think they will use the last week as an excuse to let our season just peter out.
“The group are tight and they will want to finish the season in the right way.”