Six Nations secures long-term partnership with CVC Capital

FILE PHOTO: Rugby Union - Six Nations Championship - England v Wales - England v Wales - Twickenham, London, Britain - March 7, 2020 General view of rugby balls on the pitch inside the stadium before the match REUTERS/Toby Melville

(Reuters) - Six Nations Rugby on Thursday announced a long-term investment deal with CVC Capital Partners worth up to 365 million pounds ($509 million) to further develop the Six Nations Championships and Autumn International series.

Under the terms of the deal, which is subject to regulatory approval, CVC will gain a 1/7th share in Six Nations Rugby, while the rugby unions of England, France, Ireland, Italy, Scotland and Wales will together retain a 6/7th share.