Crouch, hold, invest: Private equity bidder seeks Six Nations stake

Crouch, hold, invest: Private equity bidder seeks Six Nations stake

World Rugby chairman Sir Bill Beaumont called Thursday's meeting to discuss the future of the global game amid controversy over plans for a Nations League.

A further complaint by the organisations that oversee the English Premiership, as well as the French Top 14 and ProD2, was the increase in the number of global fixtures in a season due to the proposed competition.

"At the meeting of unions, competition owners and worldwide player representatives, World Rugby outlined details of a game-changing competition model that delivers a true pathway for all unions through a three-division format and a system of promotion and relegation", the body said in a statement.

CVC's bid for the Six Nations is a natural extension of its strategy to invest in the sport, with the private equity group believing it can provide the financial firepower and corporate knowhow to derive better sponsorship and broadcast deals for the game.

Despite revealing details of a proposed multi-billion pound investment deal with sports marketing company Infront though, World Rugby chairman Bill Beaumont admitted resistance to World Rugby's plans still remain.

However, the global player's body will be reinforcing that player views must be fundamental to any future proposals.

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Premiership Rugby and the French Rugby League (LNR) also released a joint statement on Monday calling on World Rugby to include all stakeholders in its upcoming talks in Dublin. "The professional leagues now seem to be excluded from this new work, even though the World Rugby project would be a major change to the San Francisco agreement for all elements of the professional game and impact other competitions", the statement read.

"I would like to thank my union, competition and player representative colleagues for their candid, constructive and positive contributions".

Among other announcements made by World Rugby, the proposed new format would be "underpinned by a record commercial partnership" with marketing company Infront, which they say will guarantee nearly £5 billion ($6.6 billion/€5.9 billion) for investment in the sport over 12 years.

"We are encouraged that the format revisions and robust financial model has been well-received".

Both also stated that the perceived lack of consensus by World Rugby making the decision means they "reserve the option to take any action to preserve their rights and competitions".

'The feeling on the call was that it is no longer appropriate for World Rugby and the unions to determine tournament structures, logistics and tournament terms of participation without getting to an agreed outcome with players'. "Only by keeping the best interests of the global game at heart will we be able to achieve something truly impactful for the future success and sustainability of the game".

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