Premiership Rugby in £275m takeover talks after CVC approach
Premiership Rugby owners will hold a board meeting next week to discuss a potential £275m takeover of the league.
The deal, first revealed by The Times, would be the biggest of its kind in club rugby history.
The approach has come from former F1 owners CVC Capital Partners, which is looking for a 51% share.
The prospective deal would mean a windfall for the 12 Premiership clubs, many of whom have endured severe financial losses recently.
Worcester Warriors lost £8m and Harlequins £6m in the past accounting year, while only Exeter Chiefs made a profit.
However, there are concerns that a deal of this kind could drive a further wedge between the club game and the Rugby Football Union.
Financial equity firm CVC would also be unwilling to make such a play without seeing a sizeable return for its investment.
It is understood the clubs have long sought a means to raise extra capital in order to take the league to the next level.
But CVC’s valuation of the league at about £550m falls short of the clubs’ expectations.
Club sources have also indicated the approach is one of a handful of options, with nothing imminent at this stage.
“Financial sustainability is one of things we focus on continually,” Premiership Rugby chief executive Mark McCaffery said in May.
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