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Springboks' future at the heart of latest CVC investment - reports
By Online Editors
Private equity investment group CVC are moving closer to completing a deal to acquire a 14 per cent stake in the Six Nations, according to reports.
The news will once again raise fears surrounding the future of the global rugby calendar.
According to the Financial Times, CVC are set to finalise a £300m deal to acquire a roughly 14 per cent stake in Six Nations over the next few weeks.
CVC are also reported to be close to agreeing a £120m stake in the Pro14.
CVC's continued investment in rugby has raised fears surrounding their plans for the game.
The motives behind CVC's continued investement in rugby has been cause for increasing speculation, as reported by RugbyPass over the weekend.
One of the main concerns concentrates on South Africa's participation in Rugby Championship and Super Rugby. CVC are reported to be in advanced talks about investing in South Africa Rugby, and recently denied reports that any deal would see South Africa leave the Rugby Championship to join an expanded Six Nations.
However, CVC have made no secret about their desire to reshape the current structure of the global club game, sparking rumours of a potential Club World Cup.
According to the Financial Times:
"The Luxembourg-based group, which has previously invested in Formula One, expects to finalise a £300m deal to acquire a roughly 14 per cent stake in Six Nations, one of the sport’s flagship tournaments, within weeks, according to people familiar with the matter.
"The deal, alongside a £120m stake in club competition Pro14 that is expected to be sealed by the end of the month, will take CVC’s investment in rugby to more than £600m since it first targeted the game two years ago. In 2018, it snapped up a 27 per cent holding in Premiership Rugby, the top tier of English club rugby union.
"The group is in talks with World Rugby, the global governing body which runs the Rugby World Cup, and national governing bodies in New Zealand and South Africa, two of the dominant forces in rugby, according to several people familiar with them."
On the subject of South Africa's future, the report claims:
"Those close to the talks denied recent reports that a deal between CVC and South Africa would be a precursor of the current world champions leaving the Rugby Championship to play in the Six Nations instead," the report continues.
"However, they added that there were active discussions about reshaping club competitions between the hemispheres. This includes adding at least one more South African club side to the Pro14."
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Latest Comments
I think you're misunderstanding the fundamentals of how negotiations work, thinking the buyer has all the power. To look at just one rule of negotiation, the party with options has an advantage. I.e. if you are an international 10 with a huge personal brand, you have no shortage of high-paying job opportunities. Counter that to NZR who are not exactly flush with 10s, BB has a lot of leverage in this negotiation. That is just one example; there are other negotiation rules giving BB power, but I won't list them all. Negotiation is a two-way street, and NZR certainly don't hold all the cards.
Go to commentssorry woke up a bit hungover and read "to be fair" and entered autopilot from there, apologies
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