Report: CVC’s deal for Six Nations pushed back

Report: CVC’s deal for Six Nations pushed back

The multi-million pound Six Nations investment deal tabled by private equity firm CVC appears to have stalled – according to a report by Kaye Wiggins and Murad Ahmed in the Financial Times. 

According to the report the £300,000 buy-in has been delayed by the global coronavirus pandemic.

The deal which is believed to be tabled to acquire 14 per cent of the Six Nations has been in reports since 2019 but the impact of the global pandemic means that contracts are yet to be signed, as a lack of clarity remains over the tournament’s immediate future.




The report states papers were to be signed last month but the Six Nations told the Financial Times that: “We have not agreed to either take a break nor to push through a completed agreement. The conversations are simply ongoing and obviously take into account the new environment created by the current pandemic.”

 
 
CVC have already bought significant shares in both the Gallagher Premiership and the Guinness PRO14. People briefed on the conversations said they believed the deal could still be completed this year, with CVC executives committed to an investment thesis around increasing the value of broadcasting and sponsorship contracts in rugby. It is not clear whether the deal’s terms will be the same as initially proposed, the people said.  “Everyone's just saying let's draw breath, make sure whatever we're doing we're getting it right,” said a person with knowledge of the talks.

 
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