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.
Six Nations/CVC deal worth £45m to Scottish Rugby
BT have been named sponsor at Murrayfield since 2014.
The confirmation of the long-awaited partnership deal between the Six Nations and private equity group CVC could provide a windfall of nearly £45 million to Scottish Rugby.
After negotiations lasting well over a year which were complicated by delays due to the pandemic, CVC have ploughed in £365m for a seventh-share in rugby’s most historic and popular annual tournament.
The Luxembourg-based group have already made sizeable investments into the Gallagher Premiership and the Guinness PRO14 club competitions in rugby, but this is their biggest move to date. The deal also covers each of the six nations’ Autumn International Series matches.