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Premiership shareholders CVC now angling for a very different tournament stake - reports

(Photo by Matthew Lewis/Getty Images)

BBC Sport are reporting that the Six Nations are considering whether to follow a business model adopted earlier this season by the English Premiership. 

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It was December when Premiership Rugby moved into a new era after concluding a deal for CVC, a private equity firm, to invest more than £200m into the league in return for a 27% minority shareholding. Member clubs had previously rejected an offer for a majority 51% stake. 

CVC are now believed to have tabled an offer to convince Six Nations officials to sell a 30% share in what is widely regarded as rugby’s greatest championship. 

BBC report that a deal would be worth a windfall of more than £100million to each of the six unions, but the sale would mean part surrender of control of the tournament. 

The revelation comes in the same week that the 2019 competition heads towards a Super Saturday finish where three of the six countries can still lift the title.

(Continue reading below…)

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More intriguingly, it also coincides with World Rugby’s summit meeting in Dublin on Thursday to thrash out the controversy that has developed about the proposed new World League.  

It’s believed that if Six Nations decided to sell a chunk of its tournament to private equity, it would more than likely kill off the chances of the World League ever getting off the ground. 

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In a strategy called Project Light, the half-dozen Six Nations unions have spent the past 18 months exploring ways to better pool their commercial interests in an effort to raise more finance through the Six Nations whose credibility suffered a huge blow with a sponsorship wrangling.

Dithering by its administrators cost it a record value long-term deal two years ago and when that offer was pulled, they were left red-faced and forced to take a cut-price, one-year offer from NatWest. They have since struck a longer-term deal this season with Guinness, but that fee was still below the value of that was previously on the table two years ago. 

The 2019 Six Nations rugby captains (left to right) Scotland’s Greig Laidlaw, Italy’s Sergio Parisse, Ireland’s Rory Best, Wales’ Alun Wyn Jones, England’s Owen Farrell and France’s Guilhem Guirado pose with the trophy at the launch event in London (Photo by Clive Rose/Getty Images)

CVC’s equity interest is apparently one of a handful of possible options and while an agreement is said not to be imminent, it leaves the Six Nations in a strong position when it comes to the World Rugby negotiating table this week. 

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A number of Six Nations unions have already made clear their concerns over the introduction of promotion and relegation, which would be part of the proposed Nations Championship.

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P
PM 13 minutes ago
Why Henry Pollock's x-factor could earn him a Lions Test start

I have been following Lions tours for the last 30 odd years and I can’t remember one feeling as flat as this one, so your damp squib comment is a fair one.


I think there are a few reasons for this;


1) The opposition isn’t that strong this tour and hasn’t generated the normal excitement and uncertainty for the tests, most people are expecting 0-3 (which has never happened in living memory before).


2) The growing discontent within the fan base at the number of “outside BIL “ born players in the squad is a growing issue. The import issue has reached saturation point with some fans and is a bit negative element to this tour (will improve as nation switching becomes harder).


3) The rugby so far hasn’t been great and the tactics to date are not very exciting. People expected more from Andy Farrell and his Lions team.


4) Lions management have scored some own goals with the selection and subsequent call ups. It should have been the best 44 players from the start of the tour but the recent call ups have been underwhelming and damaged the Lions brand for some fans.


5) This tour would have been better if they merged Australia with Argentina and the Lions played Fiji as a warm up game to give the Pacific Nations a better chance of exposure and glory to grow the game. This is the sort of innovative thinking they need to bring out the magic of the Lions brand and create an exciting experience for all.


What’s become clear is the next tour needs to be an exciting one before people forget how magical a Lions tour can feel and the Lions brand is damaged to the point of questioning why it continues. The writing is on the wall, so lets hope the Lions see it and correct some of the above by the next tour.

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P
PM 1 hour ago
Why Henry Pollock's x-factor could earn him a Lions Test start

Nick,

I am a long suffering England fan, who has had to endure watching 4 years of dull rugby, poor selections and painful defeats. Steve Borthwick talks about GPS and picks squads by numbers and then we put in a poor performance on the pitch - it’s been a consistent trend.


Something changed in the Six Nations and we totally changed our style (literally overnight) and played some really good footie, which finally felt like positive rugby for a change.


Genge has regained his pore-Covid form and is looking back to his best and is head and shoulders above Porter.


Chessum has had a good year and hasn’t played a poor International game this season.


Tom Curry was outstanding in the 6 Nations but they have been playing him at 6, wheras he is better at 7 and is lethal at the breakdown.


Tom Willis was brought into the starting team at 8 and has been one of the best England players over the last year, who should have been on this Lions tour at 8. Earl had his best game since 2020 last week - not sure 1 game warrants Lions selection over a poor combination side and he is certainly second choice for his club 7 country behind Willis.


Pollock will be a good player but like all young emerging players, he is inconsistent and can go quiet in games, which is why Curry should be the starter at 7. He brings energy to games, which is why he is good from the bench but there is an argument to say he is the 5th best England openside (Curry x2, Underhill & Earl are currently better) but will improve over the next 5 years. We just need to stop the media building him up for a fall, let him play and develop and you will see a sensational Henry Pollock for the Lions in 4 years time.


Lions will be too powerful over 80 mins, so doesn’t really matter who they pick. Just please don’t put too much hype on Pollock. His 20 mins of International rugby going into this tour were positive but the media caused a frenzy and no other player would be selected on this basis.


Let’s enjoy the rugby and give Pollock the space and time he requires.

102 Go to comments
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