Bloomberg Law
Free Newsletter Sign Up
Bloomberg Law
Welcome
Go
Free Newsletter Sign Up

CVC to Invest as Much as $509 Million in Six Nations Rugby

March 11, 2021, 9:55 AM

CVC Capital Partners will pay as much as 365 million pounds ($509 million) for a stake in Six Nations Rugby, the body that oversees Europe’s main rugby tournament.

The money will be paid over a five-year period in return for a one-seventh stake in the competition. The rugby unions of England, France, Ireland, Italy, Scotland and Wales, who play in the competition, will continue to own the remainder of Six Nations Rugby.

Private equity firms are investing in sports as broadcasters compete for content to help sell subscriptions. The money managers are especially interested in leagues rather than teams because ...