Advertisement
Dougie Allward/INPHO

CVC buys 28% stake in Pro14 Rugby in €140 million deal

Along with the deal, the Italian federation will become a member of Celtic Rugby DAC.

THE GUINNESS PRO14 today confirmed that investment firm CVC has taken up a 28% share of the company running the competition, Pro14 Rugby, with the participating European unions owning the remaining 72%.

The deal, reportedly worth €140 million when it was agreed last year, has also brought Italy’s union (FIR) in as member of Celtic Rugby DAC after a decade of participation in the tournament.

CVC has given high profile cash injection to Premiership Rugby, in which it acquired a 27% stake,  and has been linked with a major investment to take hold of 14% of the Six Nations.

This deal will only enhance their influence across European rugby, but CVC has already assured the Competition and Consumer Protection Commission (CCPC) that they will proactively notify flag any deal to acquire commercial rights of the Six Nations.

This morning’s statement by the Pro14 says that the investment will ‘allow the league to work towards its full potential – for the benefit of fans, players, clubs and unions in these key rugby nations over the years ahead.’

The statement outlines that a portion of the investment will be held centrally to improve operations within the organisation, while individual unions will invest in their own programmes for growth.

“As a Board, we have been ambitious in our outlook and have significantly developed the league in recent years. One of our key goals was to secure a strategic partner to help accelerate our plans and CVC bring a wealth of experience and great expertise in this regard,” says Celtic Rugby DAC chairman Dominic McKay.

“Sport, like all of society is dealing with major challenges currently that we could not have imagined just a few months ago, and it is testament to the strength of our partnership with CVC that they have committed to the game of rugby in a such a significant way.”

Pro14 Rugby CEO Martin Anayi said:

“We believe the Guinness PRO14 is a world-class club league, that is still in its growth phase and we are confident that it will become a major standard bearer in our sport. We are excited that CVC clearly shares that ambition and we look forward to working with them to deliver on the league’s promise in the years ahead.”

Close
19 Comments
This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
Leave a Comment
    Install the app to use these features.
    Mute Donal Peoples
    Favourite Donal Peoples
    Report
    May 30th 2020, 9:59 AM

    I like the way one of the answers is written on the picture tagline :)

    44
    Install the app to use these features.
    Mute Monty
    Favourite Monty
    Report
    May 30th 2020, 6:13 PM

    @Donal Peoples: honestly thought it was a trick question and was 99% sure it was him lol

    3
    Install the app to use these features.
    Mute my name
    Favourite my name
    Report
    May 30th 2020, 9:52 AM

    Jim Staples, what a player

    31
    Install the app to use these features.
    Mute Mike Keane
    Favourite Mike Keane
    Report
    May 30th 2020, 2:51 PM

    @my name: The only one I got right.

    5
    Install the app to use these features.
    Mute Jim Demps
    Favourite Jim Demps
    Report
    May 30th 2020, 9:37 AM

    10/10 here. Good quiz

    22
    Install the app to use these features.
    Mute Hugh Dunne
    Favourite Hugh Dunne
    Report
    May 30th 2020, 10:42 AM

    @Jim Demps: that question 9 tho……

    2
    Install the app to use these features.
    Mute Jim Demps
    Favourite Jim Demps
    Report
    May 30th 2020, 11:15 AM

    @Hugh Dunne: era is always know the ex munster players

    3
    See 1 more reply ▾
    Install the app to use these features.
    Mute Kate Colbert
    Favourite Kate Colbert
    Report
    Jun 1st 2020, 3:56 AM

    @Hugh Dunne: Can never forget that face rampaging through South Africans in the Irish away kit. One of the most exceptional performances I remember.

    2
    Install the app to use these features.
    Mute Chris Mc
    Favourite Chris Mc
    Report
    May 30th 2020, 9:34 AM

    Got the Mason question wrong.

    18
    Install the app to use these features.
    Mute Brendan Phelan
    Favourite Brendan Phelan
    Report
    May 30th 2020, 1:01 PM

    5 out of 10 and proud. Love those quizzes. Keep em comin !

    14
    Install the app to use these features.
    Mute Robb Stark
    Favourite Robb Stark
    Report
    May 30th 2020, 10:37 AM

    First 10/10 in a while.

    9
    Install the app to use these features.
    Mute Brendan Heery
    Favourite Brendan Heery
    Report
    May 30th 2020, 11:44 AM

    @Robb Stark: Sure you did Robb… Sure you did.

    39
    Install the app to use these features.
    Mute Larry Betts
    Favourite Larry Betts
    Report
    May 30th 2020, 11:58 AM

    @Robb Stark: All scores should be declared null and void. It’s a disgrace to be having quizzes like that when people are dying.

    47
    See 3 more replies ▾
    Install the app to use these features.
    Mute Robb Stark
    Favourite Robb Stark
    Report
    May 30th 2020, 1:51 PM

    @Larry Betts: couldn’t agree more, Larry. Well said.

    5
    Install the app to use these features.
    Mute Mark C
    Favourite Mark C
    Report
    May 30th 2020, 1:52 PM

    @Larry Betts: go have a lie down.

    14
    Install the app to use these features.
    Mute Larry Betts
    Favourite Larry Betts
    Report
    May 30th 2020, 6:49 PM

    @Mark C: ’twas only a dig at someone who says that at every oportunity! ;-)

    10
    Install the app to use these features.
    Mute D
    Favourite D
    Report
    May 30th 2020, 5:49 PM

    Back when it was about the sport and not posing on Instagram

    7
    Install the app to use these features.
    Mute Oran Burns
    Favourite Oran Burns
    Report
    May 30th 2020, 10:43 AM

    5 out of 10 brutal!

    5
    Install the app to use these features.
    Mute Kieran Considine
    Favourite Kieran Considine
    Report
    May 30th 2020, 3:16 PM

    Going well for once in these quizzes..Simon Mason let me down for the slam

    5
    Install the app to use these features.
    Mute JoyMonkey
    Favourite JoyMonkey
    Report
    May 30th 2020, 6:16 PM

    8/10 I’m happy to say. Dropped the ball on a couple.

    2
    Install the app to use these features.
    Mute Auntie
    Favourite Auntie
    Report
    May 30th 2020, 1:45 PM

    7. Not bad.

    1
Submit a report
Please help us understand how this comment violates our community guidelines.
Thank you for the feedback
Your feedback has been sent to our team for review.

Leave a commentcancel