1
Report: UK firm makes €200m play for share in LNR
A private equity company in the UK wants to enter into negotiations to buy a €200m share in the LNR (Ligue Nationale de Rugby) it has been revealed in France.
ADVERTISEMENT
According to reports, Novalpina Capital have approached the LNR in a bid to open negotiations in what looks a deal similar to CVC’s move into professional rugby in the UK and Ireland.
The President of the LNR, Paul Goze, said in a column in L’Equipe that he had sent 30 letters to thirty presidents across France to “mark of interest (from Novalpina) opens up interesting financial perspectives for the development and the influence of our sport”.
Midi Olympique first broke the story on September 16th.
Goze wrote in his column that now was not a good time for such discussions. “The period is not conducive to this type of discussion. There is no question of bringing in an investment fund simply to make it pay the deficits of a certain number of clubs and without developing a specific project. . This type of investor should allow us to develop (…) We are not closed but there is a process to follow and we are not at all at the level of advanced discussions.”
On their website, the Novalpina say: “We make control-orientated equity investments in European middle market businesses. We focus on providing creative solutions, which balance interests of all relevant stakeholders, helping catalyse a successful transaction.”
Leaving COVID aside, it’s a colourful time for French rugby off the field. Last week Bernard Laporte, Mohed Altrad and three other people taken into police custody in France were released after two days of questioning by the fraud squad.
ADVERTISEMENT
Laporte, the president of the French Federation of Rugby and World Rugby vice-chairman, is suspected of using his influence to secure Montpellier, the club owned by Altrad, a more favourable outcome when they faced sanctions in 2017.
The French rugby boss has always defended himself from any intervention in favour of Montpellier, even if he admitted to having telephoned the chairman of the commission, Jean-Daniel Simonet.
Ministry of Sports investigators have also established in a report sent to justice that the decisions of the commission were allegedly modified between June 29 and 30, 2017. Initially, the appeal commission would have decided to confirm the sanctions announced by the League (LNR), a €70,000 fine and a closed-door match, before moving to a €20,000 fine and a stay of execution on the closed-door match.
Altrad, the Montpellier owner who is now also jersey sponsor of the France national team, was taken into custody along with the general manager of the World Cup 2023, Claude Atcher, and two senior officials of the French Federation, vice-president Serge Simon and its international relations manager Nicolas Hourquet.
ADVERTISEMENT
Comments on RugbyPass
Ah, good to find you Nick. Agree with everything about Cale. So much to like about his game
48 Go to commentsNot too bad. Questions at 6, lock and HB for me. The ABs will be a lot stronger once Jordan and Roigard return. Also, work needs to be made to secure Frizzell back for next season and maybe also Mo’unga; they’re just wasting time playing in japan
22 Go to commentsOn the title, i wonder for many of those people it is a case something like a belief in working smarter, not harder?
1 Go to commentsForget Sotutu. One of those whose top level is Super Rugby. Id take a punt on Wallace Sititi Finau ahead of Glass body Blackadder.
22 Go to commentsI’m a pensioner so I've been around a bit. My opinion of SBW is he is an elite athlete and a great New Zealander and roll model. He has been to the top and knows what he's talking about. To all the negative comments regarding SBW the typical New Zealand way, cut that tall poppy down.
17 Go to commentsI'm not listening to a guy moralise over others when this is the guy who walked out mid season on Canterbury RLFC when he had a contract with them, what a hypocrite. Those praising him are a joke.
17 Go to commentsI’d put Finau at 6 instead of Blackadder but that’s the only change I’d make. Can’t wait to see who Razor picks.
22 Go to commentsTamati Williams, Codie Taylor, and Same Cane? Not sure about Hoskins Sotutu at test level. Wasn’t that impressive last season. Need a balance between experience and talent/youth.
22 Go to commentsInteresting insight. Fantastic athlete, and a genuine human being.
17 Go to commentsThey played at night in Suva last weekend and it’s an afternoon game forecast for 19 degrees in Canberra this weekend. Heat change is a non issue.
1 Go to commentsWishing Rosie a speedy recovery
1 Go to commentsObscene that SA haven’t been knocking
1 Go to commentsChances of Blackadder being injured seem too high to give him serious consideration. ABs loosie combination finally looked good with 2 committed to tackling and clearing rucks in the centre and Ardie roaming. Hoskins/Ardie together would force one of them into where they don’t excel and don’t get to use their talent, or require a change in tactics. If we continue to evolve last years systems I would take Papali’i and Finau at 6 and 7 (conceding that Blackadder will be injured) and Ardie at 8.
22 Go to commentsArdie’s preferred position 7? Where do they get these writers from? I've no idea where he's playing in Japan, but the previous two seasons he wore the 7 jersey exactly twice.
17 Go to commentsNot good to hear Ulster described as “financially troubled”. Did not think it was getting to that level. I would hope the Irish system of spreading players of talent away from Leinster would kick in now. Better to have a Leinster fringe player with Ulster or Connacht, then getting only a few games a season in Dublin. 10, for example, would seem to be a case for spreading the talent. I would not be at all adverse to a SA man coming in as head coach/DR. Ludeke is worth trying. Certainly got a long and impressive coaching career at this level…..149 games in SR, then Japan, 30 years experience. And Ulster’s ledger of successful SA coaches and players is on the positive side. Is talk of Ruan Pienaar interested in coming back as a coach…..could be a good combination with Ludeke. And Pienaar and family would have no settling in to do, one would judge. He loved life in Ulster when there, by all reports.
1 Go to commentsSome thoughts to consider here, Sam. Thanks
2 Go to commentsI think he is right, SBW is respected in RSA. The guy who never stood up is a worm. Sseems lots of NZ SBW hate, you do the crime do the time.
17 Go to commentsAfter missing the curfew, the player was simply too “Shagged” to stand up.
17 Go to commentsVernier is probably the best 12 in the world though she has some English competition these days . I am nervous for England because it is unpredictable France and who knows which team will turn up, but they have not yet shown anything that should worry England, Saturday could be a different day. I would be more confident against the BFs.
1 Go to commentsWhat a difference Rodda and Carter made. Rodda has been out for ages but he is really the only world class lock in Australian rugby. Him, Carter and Beale made a huge difference on the weekend. If only they had a few decent props they’d be a much more dangerous team. Hamish Stewart was excellent last week as well. His carrying has improved significantly and has to be next in line after Paisami at 12 for the Wallabies. He’ll benefit hugely with Beale at fullback, there’s just no better communicator in Australian rugby than him and his experience will make a huge difference for the Force. No one sees space like Beale and he’s still sharp. I can see Force making a late charge into the top 8 if they can get some consistency.
2 Go to comments