Six Nations Rugby has secured a £365m investment after agreeing to sell 14.3 per cent of its share to private equity firm CVC.

CVC Capital Partners has now invested more than £700m into professional rugby, with its latest move adding to previous funds in the Gallagher Premiership and the Guinness Pro14.

England Rugby released a statement this morning describing the partnership as an opportunity to “grow and develop the game”.

The CVC Fund VII investment will be paid to the six unions over a period of five years, reflecting the long-term nature of the deal.

Read more/Source: City A.M.