Six Nations sold to CVC - report
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The Six Nations unions have agreed to sell a significant share of their business to CVC Capital Partners, the private equity firm, according to a report by Owen Slot at The Times
CVC Capital Partners have already bought a stake in the Gallagher Premiership and are reportedly close to completing a similar deal with the Guinness Pro14.
The six unions that make up the Six Nations Championship have agreed to pool all their business into one commercial entity. This means that CVC does not just own a share of the winter Six Nations Championship, it also has a stake in the autumn internationals and the summer tours.
According to the report, CVC is buying a 15 percent sake in the commercial arm of the Six Nations business. The agreed figure is reportedly more than £300 million.
