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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

Wales 2019 will be remembered as the last winners of the Six Nations before the tournament sold an investment stake to CVC (Photo by Stu Forster/Getty Images)

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.

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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J
JW 5 hours ago
Does South Africa have a future in European competition?

I rated Lowe well enough to be an AB. Remember we were picking the likes of George Bridge above such players so theres no disputing a lot of bad decisions have been made by those last two coaches. Does a team like the ABs need a finicky winger who you have to adapt and change a lot of your style with to get benefit from? No, not really. But he still would have been a basic improvement on players like even Savea at the tail of his career, Bridge, and could even have converted into the answer of replacing Beauden at the back. Instead we persisted with NMS, Naholo, Havili, Reece, all players we would have cared even less about losing and all because Rieko had Lowe's number 11 jersey nailed down.


He was of course only 23 when he decided to leave, it was back in the beggining of the period they had started retaining players (from 2018 onwards I think, they came out saying theyre going to be more aggressive at some point). So he might, all of them, only just missed out.


The main point that Ed made is that situations like Lowe's, Aki's, JGP's, aren't going to happen in future. That's a bit of a "NZ" only problem, because those players need to reach such a high standard to be chosen by the All Blacks, were as a country like Ireland wants them a lot earlier like that. This is basically the 'ready in 3 years' concept Ireland relied on, versus the '5 years and they've left' concept' were that player is now ready to be chosen by the All Blacks (given a contract to play Super, ala SBW, and hopefully Manu).


The 'mercenary' thing that will take longer to expire, and which I was referring to, is the grandparents rule. The new kids coming through now aren't going to have as many gp born overseas, so the amount of players that can leave with a prospect of International rugby offer are going to drop dramatically at some point. All these kiwi fellas playing for a PI, is going to stop sadly.


The new era problem that will replace those old concerns is now French and Japanese clubs (doing the same as NRL teams have done for decades by) picking kids out of school. The problem here is not so much a national identity one, than it is a farm system where 9 in 10 players are left with nothing. A stunted education and no support in a foreign country (well they'll get kicked out of those countries were they don't in Australia).


It's the same sort of situation were NZ would be the big guy, but there weren't many downsides with it. The only one I can think was brought up but a poster on this site, I can't recall who it was, but he seemed to know a lot of kids coming from the Islands weren't really given the capability to fly back home during school xms holidays etc. That is probably something that should be fixed by the union. Otherwise getting someone like Fakatava over here for his last year of school definitely results in NZ being able to pick the cherries off the top but it also allows that player to develop and be able to represent Tonga and under age and possibly even later in his career. Where as a kid being taken from NZ is arguably going to be worse off in every respect other than perhaps money. Not going to develop as a person, not going to develop as a player as much, so I have a lotof sympathy for NZs case that I don't include them in that group but I certainly see where you're coming from and it encourages other countries to think they can do the same while not realising they're making a much worse experience/situation.

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