Premiership Rugby aiming to finalise £230m CVC deal by Christmas

• Agreement reached in principle with private equity firm• Each club will receive £18m windfall if deal goes throughPremiership Rugby hopes to conclude a £230m agreement with a private equity firm before Christmas after a board meeting on Tuesday failed to tie up a few loose ends.When the 13 shareholders in Premiership Rugby, made up of the 12 clubs in the top flight plus London Irish, first discussed the proposal in September they rejected it, not least because CVC Capital Partners wanted a 50% stake in the league. Related: Twickenham considers NFL-style plan for elite to split into two regio…

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