CVC in talks to acquire stake in Six Nations rugby championship
CVC wants a slice of the action
The Six Nations is in talks with private equity firm CVC Capital Partners which wants to invest £300 million for a substantial stake in the tournament.
CVC has agreed in principle to buy a 15% share in the six unions’ commercial arm. It has already bought a stake in the Gallagher Premiership and is close to completing a similar deal with the Guinness Pro14.
It is understood that the Six Nations deal extends to the autumn internationals and summer tours.
In a statement, Six Nations said: “Six Nations believes that investment in rugby football is vital for the long-term future of our game and this belief is central in our decision to enter into this period of negotiation.
“Six Nations, together with its constituent unions and federations, has agreed to enter into an exclusive period of negotiation with an external investor partner.
“As these negotiations are confidential and commercially sensitive, Six Nations will not be making any further comment.”
A deal will be the culmination of two years of talks involving the Six Nations unions – England, Ireland, Scotland, Wales, Italy and France – over pooling their commercial interests.