Premiership clubs to discuss £275m takeover approach from CVC

• Private equity company made £8bn from ownership of F1• All 13 Premiership member clubs would need to approve saleThe Premiership has been approached by private equity company CVC Capital Partners over the sale of a controlling stake in the league.The proposal is one of several avenues being explored by Premiership Rugby as it searches for investment into a competition which currently sees all but one club make a loss. Selling a minority stake or borrowing money are further options available as the league looks to expand. Continue reading...