Pro14 in talks with investors about exploiting its commercial rights

• Wales, Scotland and South Africa open to outside investment• Issue of control still a sticking point for unionsPrivate equity firms have been talking to the Guinness Pro14 board about investing in the tournament as part of their strategy to exploit untapped broadcasting income in sport.Premiership Rugby last week rejected a takeover bid by the equity firm CVC, believing its £500m offer undervalued the league and not willing to concede control. Talks had been going on for a year, but the Pro14, the shareholders of which are all unions, was first approached 12 months before. Related: CVC’s Pre…