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Bernard Laporte: CVC will acquire share of Six Nations
By Online Editors
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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Go to commentsGreat read on a fascinating topic.
Couple of questions related to Bristol and Black Ferns.
They were properly hammered and struggled to score many points at all in the two European matches preceding the demolition of Leicester. Was it lack of ambition in those matches or a better opponent? This Tigers mob has been less than the sum of their parts since their ugly GP win under Borthwick.
I went to Twickenham with a large group of parents and young ladies from Barnes RFC to watch NZ v England last season. The dads among us were deeply frustrated by how inflexible the Black Ferns were with their strategy to run and not kick and they were duly put to the sword.
Pretty clearly, there is more depth and quality in the England squad and, whilst on any given day (and with the help of a red card), NZ might sneak one the strategy can go horribly wrong given the level of passing and catching skill in the women's game. Was Smith very lucky and it's the wrong way to play big games or was he showing us the way forward? I'm not at all sure.
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