CVC ownership of F1 should serve as a warning to Premiership Rugby | Giles Richards

On the eve of Premiership Rugby’s decision over the purchase offer from CVC, they may want to consider how the private equity firm’s tenure in charge of Formula One turned outShould Premiership Rugby’s club owners reject the purchase offer from private equity firm CVC on Tuesday, as is expected, they might consider this a hospital pass rightly declined. The owners and rugby fans should be under no illusion about what to expect if the experience of Formula One’s ownership by the company is anything to go by. CVC expect a return from investment and they pursued that ruthlessly in F1.CVC owned F1…