Majority Sale Is Not Option Preferred By Premiership

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11 September 2018

Premiership shareholder clubs have unanimously agreed that the sale of a majority share in PRL is "not a preferred option".

CVC Capital Partners sought to buy a 51% share but Premiership chairman Ian Ritchie said clubs preferred to offer a minority stake in exchange for new investment.

"The good thing for us is clearly there's a great interest in a fantastic product," Ritchie told BBC Sport.

"We're very interested to explore areas of investment to grow the game and the league even further.

"But, it's fair to say, the majority control is not the preferred option but we would look at a variety of investment opportunities."

Ritchie was keen to point out that the notion of investment from CVC had not been rejected outright, only the detail of this particular bid.

Revenue from international TV deals, new sponsorship and increased domestic television audiences were all reported recently and some argue that a £800m rather than £550m is a more accurate valuation of PRL as a business.

See also...

Premiership Considers £275m Offer

 

 

 

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