Premiership Rugby in the money?

The reported £275m bid, by former owners of Formula 1 – private equity firm CVC Capital Partners – for a controlling stake in Premiership Rugby, is an interesting one.

Effectively the bid values Premiership Rugby at £550m – not peanuts, certainly, but actually only between 2½ and 3 times the value of serial-diver Neymar. 😏

With PRL members due to meet next week and with unanimity required for the bid to be accepted, it seems unlikely to succeed.

It is, however, a stake in the ground and may well be the beginning of a process which could see significant financial investment in the English domestic game.