Premiership Considers £275m Offer From CVC

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5 September 2018

Premiership Rugby Limited shareholders – the twelve current clubs and London Irish – are holding a board meeting next week to discuss a potential £275m (€306m) offer from CVC Capital Partners to buy 51% of the organisation.

Former F1 owners CVC’s offer values Premiership Rugby at £550m. It would not necessarily gain them control of individual constituent clubs, but it is being considered as the injection that will take English club rugby union to a new level.

However, there are concerns that a deal of this kind could drive a further wedge between the club game and the Rugby Football Union.

"The board is always considering options for further expansion and the best ways to support that," said a Premiership Rugby statement. "This interest is of course very good news for Premiership Rugby and is a reflection of its growing international appeal. But a decision is not imminent."

Club sources have indicated that the approach is one of a number of options.

CVC is reported to control £53bn (€58.9bn) in assets. It sold its controlling stake in Formula One to Liberty Media in 2016 in a deal worth £6.2bn having bought into motor racing’s premium property £1.3bn ten years earlier.

See also...

Premiership Clubs Carry Combined Debt Of £250m

 

 

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