• Paris club were confident of securing Read after World Cup
Racing 92’s bid to sign the New Zealand captain Kieran Read after next year’s World Cup on a £1m-a-year contract could be gazumped if Premiership clubs accept an investment of more than £200m from a private equity firm next month.
The clubs will vote on the offer for a minority stake in Premiership Rugby by CVC, the former owners of Formula One. The company believes it can make a significant return on its investment by securing lucrative sponsorship and television deals in the next decade.
Written by Paul Rees
This news first appeared on https://www.theguardian.com/sport/2018/nov/28/premiership-clubs-cvc-deal-gazump-racing-92-move-kieran-read under the title “CVC cash may put Premiership clubs on trail of Racing 92 target Kieran Read”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
