Bernard Laporte: CVC will acquire share of Six Nations
World Rugby vice-chairman Bernard Laporte has revealed that CVC will acquire a 14.5 per cent stake in the Guinness Six Nations. The former head coach of France revealed the news publicly at the AGM of the FFR that was held over the weekend. The estimated £400,000 million-plus buy-in has been delayed by the global coronavirus pandemic.
The exact breakdown of the deal is yet to be revealed, but Midi Olympique report that France are set to bag at least €75 million (£67.5m) over five years.
The deal has come at the perfect time for the cash strapped unions, who are forecast to lose millions due to pandemic lockdown.
RugbyPass reported last year that the CVC deal could see some Six Nations matches no longer broadcast on free-to-air television, a move that would inevitably cause controversy in the sport.
It's a double windfall for Ireland, Wales, Scotland and Italy. The Luxembourg-based group, who previously invested in Formula One before switching its attention to rugby, spent £120million acquiring a stake in the PRO14.
The total value to the Irish, Italian, Scottish and Welsh unions is in the order of £30m each (net of costs), with an initial sum expected on Friday of approximately £5m to be paid to each of the four countries. South Africa, who have Southern Kings and Cheetahs playing in the league, won’t benefit from this deal.
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Now that made me laugh bull!
I tell you what though, the head knock from Kriel on Hugh jones in the wc that didn’t result in any card was a real mystery with the way things are now.
Also suspect the Boks will be pretty well motivated by glasgows antics in stellenbosch last week and loftus in June…
Should be a cracker hopefully!
Go to commentsThose words could come back to bite on Friday!!!
That said, six day turn around and BB missing ain’t the best…
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