England’s Rugby Football Union will receive £ 95 million as a result of CVC’s contract with the Six Nations
Private equity giants CVC have further strengthened their hand in rugby union by closing a £ 365 million deal for a 14% stake in the Six Nations.
The deal lasted two years and comes after CVC acquired a stake in Premiership and Pro14.
The money is split between the unions on a sliding scale, with Rugby Football Union receiving £ 95 million.
“This is an extremely positive development,” said Ben Morel, CEO of Six Nations.
“When we started this journey, our goal was to make sure we found the right strategic partner who would deliver real value and who are committed to a long-term relationship.
“CVC recognizes the exciting potential of the six-nation championships and the international fall series and is aligned with our vision for the future.”
More will follow.