Paris (AFP)
The investment fund CVC Capital Partners will enter the commercial company of the Six Nations Tournament by June, AFP learned, confirming information from the newspaper L'Equipe.
According to the sports daily, Bernard Laporte, president of the French Rugby Federation but also vice-president of Six Nations, mentioned in the Steering Committee on Friday the arrival of CVC Capital Partners, which should be formalized in June.
The CVC fund, one of the largest in the world and which held the majority of the Formula 1 championship shares from 2006 to 2016, has already acquired part of the first English rugby division by laying down around 200 million pounds (225 million euros) to obtain 27% of the Premiership shares.
The crisis linked to the coronavirus pandemic had, according to the English press, forced CVC to suspend its acquisition of approximately 25% of the commercial company of the Tournament, for an amount between 300 and 350 million euros.
This return of money would be good news for the European Federations after the cancellation of the summer tours and in view of the doubt that still hangs over the tests in the fall.
"Our big question mark is October-November. Will the Northern Hemisphere be able to go to the Southern Hemisphere and vice versa? We will really know it in mid-June or at the end of June. But it seems compromise, "said Laporte on Friday to AFP.
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