CVC to Invest as Much as $509 Million in Six Nations Rugby
Six Nations rugby union tournament match between Italy and Ireland on Feb. 27.
Photographer: Filippo Monteforte/AFP/Getty Images
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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.