{"id":10723,"date":"2022-11-18T17:06:50","date_gmt":"2022-11-18T17:06:50","guid":{"rendered":"https:\/\/googmn.com\/?p=10723"},"modified":"2022-11-18T17:06:50","modified_gmt":"2022-11-18T17:06:50","slug":"six-nations-considering-whopping-500m-offer-from-investors-cvc","status":"publish","type":"post","link":"https:\/\/googmn.com\/?p=10723","title":{"rendered":"Six Nations considering whopping \u00a3500m offer from investors CVC"},"content":{"rendered":"<\/p>\n<p>THE SIX NATIONS is considering an offer from former Formula One owners CVC Capital Partners to take a stake in the championship, which if accepted would scupper World Rugby\u2019s plans for their so-called Nations League.<\/p>\n<p>CVC \u2013 who in December acquired a reported 27% stake worth more than \u00a3200 million (\u20ac233 million) in the English Premiership \u2014 would enrich each of the six unions to the tune of \u20ac117 million, according to the BBC.<\/p>\n<p>    Ireland lift the Six Nations trophy last year.    Source: James Crombie\/INPHO<\/p>\n<p>This comes on the eve of World Rugby hosting a meeting at their headquarters in Dublin over their controversial plans for an annual global competition which is seen as providing crucial financial funds for the southern hemisphere nations.<\/p>\n<p>It is believed that both Ireland and Scotland oppose the Nations League concept primarily because they do not agree with there being relegation and promotion for the Six Nations.<\/p>\n<p>The Six Nations unions -England, Ireland, Scotland, Wales, Italy and France \u2013 have been looking to the future for some time now about increasing their broadcast revenue collectively in a strategy dubbed \u2018Project Light\u2019.<\/p>\n<\/p>\n<p>Their plan is to embrace both their championship and the November Tests \u2013 when the southern hemisphere teams come to them \u2013 in one broadcast deal.<\/p>\n<p>CVC\u2019s reported offer \u2013 for an approximate 30% share in the Six Nations \u2013 is one of several, the BBC suggests.<\/p>\n<p>According to The Times in the UK, CVC tabled their offer which would be restricted to the commercial arm and not the running of the tournament itself, on Monday.<\/p>\n<p>However, it is believed should they accept CVC\u2019s offer it would lead to the Six Nations being taken away from free to air television \u2013 it has been rumoured that Amazon are circling.<\/p>\n<p>Sources at the unions have not denied an offer is on the table but insist a deal is not imminent.\u00a0<\/p>\n<p>The reports will not make World Rugby chairman Bill Beaumont\u2019s task any easier when he meets with the Tier 1 chief executives and those from Japan and Fiji as well as players\u2019 representatives on Thursday.<\/p>\n<p>    World Rugby are convening a meeting in Dublin tomorrow.    Source: Billy Stickland\/INPHO<\/p>\n<p>World Rugby outlined its concept for the new tournament last Wednesday, which would start in 2022, saying it was \u201ccommitted to the global advancement of rugby\u201d.<\/p>\n<\/div>\n<p>The proposed Championship would see the formation of two conferences \u2013 a European conference and a rest of the world conference \u2013 each with two divisions of six teams and a third division comprising 16 teams.<\/p>\n<p>Both the International Rugby Players (IRP) and the London-based Pacific Rugby Players Welfare (PRPW) organisation had been up in arms over original proposals that were leaked a fortnight ago.<\/p>\n<p>The IRP \u2013 led by their President and world player of the year Johnny Sexton \u2013 were furious at what they saw were commercial interests being placed ahead of player welfare.<\/p>\n<p>The PRPW were threatening a boycott of this year\u2019s World Cup due to the belief that none of the Pacific Islands would be in the 12 team top level competition \u2014 with the United States featuring instead, apparently the idea of World Rugby\u2019s ambitious vice-chairman Agustin Pichot.\u00a0<\/p>\n<p>However, World Rugby clarified these matters last week.<\/p>\n<p>\u201cUnder this model, the Pacific Islands and all teams outside the current Six Nations and The Rugby Championship would have a potential pathway\u201d to play annually at the highest level of the game for the first time,\u201d it said in a statement.<\/p>\n<p>\u201cPlayer welfare is fundamental to our sport,\u201d it added.<\/p>\n<p>\u201cWithin the original proposal, players would play a maximum of 13 matches if their team reaches the final, compared to an average of between 12 and 14 Test matches presently. Most teams would play 11 matches.\u201d<\/p>\n<\/p>\n<p><em>\u00a9 AFP 2019, originally published at 13.08<\/em><\/p>\n<p>Subscribe to our new podcast, The42 Rugby Weekly, here:<\/p>\n<p>Click Here: <a href='https:\/\/www.tdtoo.com' title='factory direct sale'>factory direct sale<\/a><\/p>\n<\/div>\n<\/p><\/div>\n<p  >\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>THE SIX NATIONS is considering an offer from former Formula One owners CVC Capital Partners to take a stake in the championship, which if accepted would scupper World Rugby\u2019s plans for their so-called Nations League. CVC \u2013 who in December acquired a reported 27% stake worth more than \u00a3200 million (\u20ac233 million) in the English&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-10723","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/posts\/10723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10723"}],"version-history":[{"count":0,"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/posts\/10723\/revisions"}],"wp:attachment":[{"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}