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.
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.