Six Nations considering investment offer from CVC Capital Partners

The Six Nations is considering a large offer from CVC Capital Partners that would give the private equity firm a minority stake in the Championship.

CVC secured a 27% share of the Gallagher Premiership for £200m and are also interested in the Guinness PRO 14.

The Six Nations would be their first move into international rugby and news of the offer comes on the eve of a World Rugby-hosted meeting in Dublin in which the controversial Nations League is to be discussed.

However, a Six Nations source has told Press Association Sport that the CVC deal is just one of several options being considered to help launch ‘Project Light’ – the proposal for all the teams in the tournament to pool their commercial revenue.

It has been stressed that outside investment is not needed to get ‘Project Light’ off the ground.

World Rugby chairman Bill Beaumont called an emergency meeting in Dublin to discuss the future of the international game (Anthony Devlin/PA Images).

The challenge facing World Rugby on Thursday is to convince the attending Six Nations teams – all tier one sides plus Fiji and Japan will be present – that their plans for an annual global tournament climaxing in a final is more beneficial than the pooled TV rights deal that they are negotiating.

World Rugby chairman Bill Beaumont called tomorrow’s meeting to discuss the future of the international game amidst controversy over plans for a Nations League.

England captain Owen Farrell and Ireland fly-half Johnny Sexton are among the game’s biggest names to have warned of serious player welfare and integrity concerns over World Rugby’s proposed new competition structure.

A new global season is due to kick off next year, running until 2032, and discussions have taken place about a new Nations League that would combine 12 international sides from both hemispheres in a competition running through summer and autumn and culminating with play-offs and a final.

- Press Association

More on this topic

‘We have got our little wake-up call,’ says Best of Six Nations downturn

McNamara’s mantra: Failure is never fatal, it’s how you react to it

Noel backs return to Cork for U20 side

Anscombe hopeful Wales can keep their winning habit going at the World Cup

More in this Section

Who will replace Vincent Kompany as Manchester City captain?

Toni Kroos agrees contract extension with Real Madrid

The man behind the golfer: A look at US PGA Championship winner Brooks Koepka

Mbappe hints at PSG exit with talk of ‘new project’


Lifestyle

Chelsea Flower Show feeling Brexit sting

Scientists say you really, really shouldn’t use homemade sunscreen from a recipe on Pinterest

Spoilers: Game of Thrones finale problematic in both plot and execution

The Earth's magnetic north pole is shifting rapidly – so what will happen to the northern lights?

More From The Irish Examiner