Premiership rugby clubs set to reject CVC offer in quest for better deal

• CVC offered £275m for 50% share in Premiership• Premiership to look at other investment sourcesA £275m offer tabled by the private equity firm CVC Capital Partners to buy 50% of Premiership Rugby is set to be rejected at Tuesday’s scheduled meeting of the leading club owners. A unanimous vote is required for the bid to succeed but it is understood a significant minority of owners are firmly against the plan.Far from regarding the proposal as a “gamechanger” for club rugby, the view of some influential voices is that the offer undervalues the league by a considerable amount. Nor, with the pro…