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Six Nations announces CVC partnership
Updated / Thursday, 11 Mar 2021
16:35
The IRFU and five other nations retain a six-sevenths share
The Six Nations has announced that it has entered into partnership with CVC Capital Partners, which will see the private equity and investment advisory firm take a one-seventh share.
The IRFU along with the English, French, Scottish, Welsh and Italian unions will retain a sixth-sevenths (85.7%) share, with CVC Fund s investment totalling up to £365 million (€425.5m) with the aim of launching ambitious growth plans for the men s, women s and Under-20s championships as well as the Autumn International Series.
In a joint statement, Six Nations Rugby said: Under the terms of the agreement the six unions will retain sole responsibility for all sporting matters as well as majority control of commercial decisions.
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