The multi-million pound Six Nations investment deal tabled by private equity firm CVC appears to have stalled – according to a report by Kaye Wiggins and Murad Ahmed in the Financial Times.
According to the report the £300,000 buy-in has been delayed by the global coronavirus pandemic.
The deal which is believed to be tabled to acquire 14 per cent of the Six Nations has been in reports since 2019 but the impact of the global pandemic means that contracts are yet to be signed, as a lack of clarity remains over the tournament’s immediate future.
CVC’s £300m deal for Six Nations rugby pushed back by pandemic https://t.co/1cNiWIAtps— Financial Times (@FinancialTimes) April 19, 2020
The report states papers were to be signed last month but the Six Nations told the Financial Times that: “We have not agreed to either take a break nor to push through a completed agreement. The conversations are simply ongoing and obviously take into account the new environment created by the current pandemic.”