CVC Capital is the world’s third-biggest private equity firm. In March of this year, it agreed to a deal to buy one-seventh of the Six Nations rugby tournament for €428 million. CVC has been sniffing around the rugby world for some time. In December 2018, it bought 27 per cent of Premiership Rugby, England’s club tournament, for €220 million. Six months later it bought 28 per cent of the Pro 14, which is the domestic club tournament of Ireland, Wales, Scotland and Italy, for €140 million. It’s also said to be interested in an investment in the New Zealand, South…
CVC implied it can use its shareholding in the Six Nations, Premiership Rugby and Celtic Rugby to come up with new tournaments and formats.