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• CVC would run commercial activities but not league itself
• Takeover bid was turned down by clubs in September
• Takeover bid was turned down by clubs in September
Premiership club owners are likely to vote for a proposal to give a minority stake to private equity firm CVC in return for more than £200m, two months after they turned down a takeover bid.
Related: England players’ £25,000 match fees may be cut to reduce RFU spending
Written by Paul Rees
This news first appeared on https://www.theguardian.com/sport/2018/nov/27/premiership-clubs-likely-to-agree-200m-deal-sell-stake-cvc-rugby-union under the title “Premiership clubs likely to agree £200m deal to sell stake to former F1 owners CVC”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
