CVC And Pro14 Talks Point To A 6N Sale

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19 April 2019

Discussions between the Guinness Pro14 league and CVC Capital Partners are being widely interpreted in the media as an indication that the Six Nations may be looking favourably at selling a minority stake to the investment fund.

Media reports suggested on Thursday night (18th) that the fact that the union-owned Pro-14 competition was on the verge of agreeing to sell around 30 per cent of its commercial rights for around £120m (€138m) would be interpreted as a green light for the private equity firm to secure a similar stake in the Six Nations, having already tabled a £500 million (€575m) offer for the championship.

CVC invested £200 million for a 27 per cent stake in Premiership Rugby last December and the success of their negotiations with Pro 14, who claim to have received several other offers for a minority stake, is taken as indicative of their desire to secure a foothold across club and international rugby.

Six Nations sources, however, insisted that the Pro 14 deal, which is expected to be completed within the next two months and has raised the potential of competitive matches between the two leagues, would not influence the decision-making process over investment in their ‘Project Light’ proposal to market their broadcasting and commercial rights collectively.

The Six Nations are also considering World Rugby’s plan for a Nations Championship or World League as well as a reported offer from IMG.

See also...

PRL Clubs Agree Unanimously TO CVC Offer

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