Tier 2 & 3 Rugby Forum

English Premiership to be bought by Venture Capitalists

Posts: 260
Joined: Sun, 31 Aug 2014, 11:36
National Flag:
PakistanPakistan

English Premiership to be bought by Venture Capitalists

Postby jservuk » Wed, 05 Sep 2018, 22:25

Despite the sometimes high horse holier than thou mutterings of many RU fans about the sports purity of values steeped in its amateur past, I always felt that given the traditional strong links with the English public schools' Old Boys Network that RU would show the rest the way to mnake serious money.

This and similar stories are in the newspapers in the UK today:

https://www.independent.co.uk/sport/rug ... 24681.html

In summary - Venture Capital firm CVC wants to buy a controlling interest in the English Premiership. This could become a battle for the soul of club Rugby in England. Still, it's a sign of the rude health of the game here.

Posts: 2663
Joined: Tue, 06 Oct 2015, 22:54
National Flag:
SpainSpain

Re: English Premiership to be bought by Venture Capitalists

Postby Armchair Fan » Wed, 05 Sep 2018, 23:06

Anybody following F1 knows this is bad news for the game. They only look for short-term profit.

Posts: 897
Joined: Tue, 27 May 2014, 20:40
Location: Europe
National Flag:
Great BritainGreat Britain

Re: English Premiership to be bought by Venture Capitalists

Postby Thomas » Thu, 06 Sep 2018, 08:42

there are mixed reports in the morning press, some say they want 51% others 50% but they are awaiting for the Premiership clubs to publish their annual reports. I just google CVC and they own F1 for the last 10 years.

Posts: 2663
Joined: Tue, 06 Oct 2015, 22:54
National Flag:
SpainSpain

Re: English Premiership to be bought by Venture Capitalists

Postby Armchair Fan » Thu, 06 Sep 2018, 09:07

They owned. Sold it last year and new owners have lost plenty of money just trying to regain ground due to their lack of investment.

Posts: 4211
Joined: Thu, 17 Apr 2014, 02:51
Location: São Paulo
National Flag:
BrazilBrazil

Re: English Premiership to be bought by Venture Capitalists

Postby victorsra » Wed, 12 Sep 2018, 17:50

Brazilian Rugby News: www.portaldorugby.com.br

User avatar
Posts: 2123
Joined: Wed, 30 Apr 2014, 16:57

Re: English Premiership to be bought by Venture Capitalists

Postby 4N » Wed, 12 Sep 2018, 18:19

Armchair Fan wrote:Anybody following F1 knows this is bad news for the game. They only look for short-term profit.


:thumbup:

Return to Rugby Forum

Who is online

Users browsing this forum: Bing [Bot] and 8 guests