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