Six Nations Rugby has agreed to sell a stake in the tournament to private equity firm CVC Capital Partners in a five-year deal thought to be worth in excess of €350million. Organisers say the deal with CVC, which already has significant investment in the Gallagher Premiership and Pro14, is subject to customary regulatory approvals. In a long statement laying out the IRFU’s stance, he explains: “If the agreement obtains approval CVC will acquire, over five years, a 1/7th share of the Six Nations tournament. “The IRFU, together with our fellow five unions, is phasing its sale of equity to CVC, with payments materialising over the next five seasons. In real terms the initial funds received from this deal will simply deliver the funding required to keep Irish rugby going for little more than a month.

Source: The Irish Times March 11, 2021 09:49 UTC