• Private equity company made £8bn from ownership of F1
• All 13 Premiership member clubs would need to approve sale
The Premiership has been approached by the private equity company CVC Capital Partners over the sale of a controlling stake in the league.
The proposal is one of several avenues being explored by Premiership Rugby as it searches for investment into a competition which currently sees all but one club make a loss. Selling a minority stake or borrowing money are further options available as the league looks to expand.
Written by Press Association
This news first appeared on https://www.theguardian.com/sport/2018/sep/05/premiership-clubs-to-discuss-takeover-approach-from-cvc-capital-partners-rugby-union under the title “Premiership rugby clubs to discuss £275m takeover approach from CVC”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
