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'We don't know enough about the ins and outs of that deal, it's been shrouded' - World Rugby on Six Nations' CVC investment
World Rugby chiefs have admitted fearing for the sport’s future in the wake of CVC Capital Partners’ investment into the Six Nations. Former Formula One investors CVC have already bought stakes in the English Premiership and the PRO14, and the private equity firm is now poised to complete the purchase of a 15 per cent stake in the Six Nations.
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World Rugby mothballed its controversial Nations League project in June, after failing to gather the support to push through plans for a world league. The Six Nations’ impending deal with CVC represents a further blow to global governing body World Rugby’s authority, leaving chief executive Brett Gosper to lament another loss of control for the sport’s ruling organisation.
“I’d have to say we don’t know enough about the ins and outs of that deal. It’s been shrouded, so we can’t say too much at this stage and we don’t know if it will be good or bad,” said Gosper at the official launch press conference of Rugby World Cup 2019 in Tokyo.
“Certainly as big an investor in the sport as a private equity firm like CVC will create influence, and that’s something that in some areas could concern us. So it’s important we understand from CVC exactly what their medium to long-term plans are. So it’s a bit early to evaluate.
“The areas concerning you are that with a high-funding commercial owner of the sport that isn’t the governing body then certain calls might be made that aren’t in the interests of growth or perhaps player welfare. We want to make sure it’s for the right reasons. Many of our biggest members have welcomed this increased funding, and so we can only recognise it as positive.
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“But we just have a couple of watch-outs and concerns and I’m sure we’ll have a chance to discuss those with the Six Nations. So let’s be optimistic.”
It was early July when RugbyPass revealed Six Nations were selling part of its shareholding to CVC. That development came in the wake of leading global stars previously hitting out at World Rugby’s Nations Championship plans due to fears more matches would further threaten player welfare.
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World Rugby had wanted the winners of the Six Nations and the southern hemisphere’s Rugby Championship to meet in play-offs to determine the globe’s top Test team. But the Six Nations’ move to engage CVC as a new investor ultimately killed off any chances of World Rugby’s plans coming to fruition.
Huge development looming in the Six Nations ? https://t.co/BBiVGXY73v
— RugbyPass (@RugbyPass) July 12, 2019
World Rugby chief executive Gosper has now admitted he met with CVC during discussions over funding for the Nations Championship, but the governing body quickly chose not to partner with any equity firm.
“So yes we have met with CVC, and the conversations we were having around the World League and so on, CVC was one contender,” said Gosper. “Of course CVC’s recent positions taken in the game, it would be madness for us not to be in some source of communication with them.
“In the interests of the game, we would have discussions with them. So that’s something that can be envisaged. There are lots of elements of commonality even if there are some divergences. We probably come at it from a different angle but it’s good that we all come together and ensure what we’re doing is for the good of the sport.”
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– Press Association
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Comments on RugbyPass
Thanks BeeMc! Looks like many teams need extra time to settle from the quadrennial northern migration. I think generally the quality of the Rugby has held up. Fiji has been fantastic and fun to watch
13 Go to commentsLets compare apples with apples. Lyon sent weak team the week before, but nobody raised an eyebrow. Give the South African teams a few years to build their depth, then you will be moaning that the teams are too strong.
41 Go to commentsDid footballs agents also perform the scout role at some time? I’m surprised more high profile players haven’t taken up the occupation, great way to remain in the game and use all that experience without really requiring a lot of specific expertise?
1 Go to commentsSuper rugby is struggling but that has little to do with sabbaticals. 1. Too many teams from Aust and NZ - should be 3 and 4 respectively, add in 2 from Japan, 1 possibly 2 from Argentina. 2. Inconsistent and poor refereeing, admittedly not restricted to Super rugby. Only one team was reffed at the breakdown in Reds v H’Landers match. Scrum penalty awarded in Canes v Drua when No 8 had the ball in the open with little defence nearby - ideal opportunity to play advantage. Coming back to Reds match - same scrum situation but ref played advantage - Landers made 10 yards and were penalised at the breakdown when the ref should have returned to scrum penalty. 3. Marketing is weak and losing ground to AFL and NRL. Playing 2 days compared with 4. 4. Scheduling is unattractive to family attendance. Have any franchises heard of Sundays 2pm?
11 Go to commentsAbsolutely..all they need is a chance in yhe playoffs and I bet all the other teams will be nervous…THEY KNOW HOW TO WIN IM THE PLAYOFFS..
2 Go to commentsI really hope he comes back and helps out with some coaching.
1 Go to commentsI think we are all just hoping that the Olympic 7s doesn’t suffer the same sad fate as the last RWC with the officials ruining the spectacle.
1 Go to commentsPersonally, I’ve lost the will to even be bothered about the RFU, the structure, the participants. It’s all a sham. I now simply enjoy getting a group of friends together to go and watch a few games a year in different locations (including Europe, the championship, etc). I feel extremely sorry for the real fans of these clubs who are constantly ignored by the RFU and other administrators. I feel especially sorry for the fans of clubs in the Championship who have had considerable central funding stripped away and are then expected to just take whatever the RFU put to them. Its all a sham, especially if the failed clubs are allowed to return.
9 Go to commentsI’m guessing Carl Hayman would have preferred to have stayed in NZ with benefit of hindsight. Up north there is the expectation to play twice as many games with far less ‘player management’ protocols that Paul is now criticising. Less playing through concussions means longer, healthier, careers. Carter used as the eg here by Paul, his sabbatical allowed him to play until age 37. OK its not an exact science but there is far more expectations on players who sign for Top 14 or Engl Prem clubs to get value for the huge salaries. NZR get alot wrong but keeping their best players in NZ rugby is not one of them. SA clubs are virtually devoid of their top players now, no thanks. They cant threaten the big teams in the Champions Cup, the squads have little depth. Cant see Canes/Chiefs struggling. Super has been great this year, fantastic high skill matches. Drua a fantastic addition and Jaguares will add another quality team eventually. Aus teams performing strongly and no doubt will benefit with the incentive of a Lions tour and a home RWC. Let Jordie enjoy his time with Leinster, it will allow the opportunity for another player to emerge at Canes in his absence.
11 Go to commentsLove that man, his way to despise angry little men is so funny ! 😂
4 Go to comments“South African franchises would be powerhouses if we had all our overseas based players back in situ. We would have the same unbeatable aura the Toulouses, Leinsters or Saracens of this world have had over the last decade or so.” Proof that Jake white does not understand the economics of the game in SA. Players earning abroad are not going to simply come back and represent the bulls. But they might if they have a springbok contract.
22 Go to commentsA lot of fans just joined in for the fun of it! We all admire O'Gara and what he has done for La Rochelle
4 Go to commentsThe RFU will find a way to mess this up as usual. My bet is there will be no promotion into the the Premiership, only relegation into National League One. Hopefully they won’t parachute failed clubs into the league at the expense of clubs who have battled for promotion.
9 Go to commentsWell that’s the contracts for RG and Jordie bought and paid for. Now, what are the chances we can persuade Antoine to hop over with all the extra dosh we’ll have from living at the Aviva & Croke next season…??? 🤑🤑🤑
35 Go to commentsWow, that’s incredible. Great for rugby.
35 Go to commentsYou probably read that parling is going to coach the wallaby lineout but if not before now you have.
14 Go to commentsIf someone like Leo Cullen was in O’Gara’s place I don’t hear Boo-ing. It’s not just that La Rochelle has hurt Leinster and O’Gara is their Irish boss. It’s the needle that he brings and the pantomime activity before the game around pretending that Munster were supporting LaRochelle just because O’Gara is from Cork. That’s dividing Irish provinces just to get an advantage for his French Team. He can F*ck right off with that. BOOOOO! (but not while someone is lying injured)
4 Go to commentsDid the highlanders party too hard before the game? They were the pits.
1 Go to commentsWhat a player! Not long until he’s in the England side, surely?
5 Go to commentsHe seems to have the same aura as Marcus Smith - by which I mean he’s consistently judged as if he’s several years younger than he actually is. Mngomezulu has played 24 times for the Stormers. When Pollard was his age he had played 24 times for South Africa! He has more time to develop, but he has also had time to do some developing already, and he hasn’t demonstrated nearly as much talent in that time as one would expect. If he is a generational talent, then it must be a pretty poor generation.
6 Go to comments