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September 6, 2019
Premiership Rugby: Minority shareholding sold to CVC Capital Partners for £200m
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Premiership Rugby: Minority shareholding sold to CVC Capital Partners for £200m


Premiership Rugby has moved into a “new era” after a deal was concluded with private equity firm CVC Capital Partners to invest £200m.

CVC have bought a minority shareholding, understood to be about 27%, after member clubs had previously rejected an offer to buy 51%.

“This is a landmark new partnership,” Premiership Rugby chairman Ian Ritchie said of the deal.

“It is positive news for the league, the clubs and the game.”

More to follow.



Source BBC News

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