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Rugby Union in financial crisis from coronavirus as £300m Six Nations deal collapses
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dailystar.co.ukThe Six Nations could be set to lose out on a £300m investment package as rugby union reels from a financial crisis resulting from the coronavirus pandemic.
The proposed deal by CVC Capital Partners to pump funds into Europe’s leading rugby union tournament has been delayed by the deadly virus that is sweeping the globe.
And according to the Financial Times, there is no guarantee that the Luxembourg-based buyout group's plans will still be on the table once the situation subsides.
Coronavirus prevented this year's tournament from being completed, with the deciding games now set to be played in Autumn. CVC's deal for a roughly 14 per cent stake in the Six Nations was expected to have been signed a month ago but is now mired in confusion.
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