Six Nations commercial agreement
Scottish Rugby set for £44.5m from CVC deal
Boost: Scottish Rugby (pic: SNS Group)
Scottish Rugby is set to receive £44.5 million as part of the deal struck by the Six Nations and private equity firm CVC.
CVC is ploughing £365m in to the tournament over a five-year period for a 14.3 per cent stake in the commercial rights.
The money is to be divided on a sliding scale between the unions, with England receiving £95m, Wales £50 and Ireland £48m ahead of Scotland’s share.
The deal is the culmination of two years of talks involving the Six Nations unions over pooling their commercial interests. CVC will own one seventh, with the others retaining the other six sevenths.
The partnership with the Six Nations also includes the autumn internationals, the Women’s Six Nations and the Under-20 Six Nations Championship.
Scottish Rugby said: “The initial amount for Scotland will be around £7.4m (before costs) at completion, out of a total allocation for Scotland of up to £44.5m (before costs) if Six Nations meets various future financial performance conditions.
“Scotland will also benefit from an increased commercial focus on the competition as a result of the partnership with CVC.
“Bringing in a significant external partner is the result of many years of hard work in developing the tournament and recognition of its value and future.
“It provides a great opportunity to take the tournament forward and build on its success to date. The arrival of CVC is a timely and strong expression of confidence in rugby and one which will directly benefit the wider game in Scotland in years to come.