Potential CVC windfall will ‘futureproof’ the provinces

Irish rugby will not go on an overseas spending spree for galacticos when the IRFU gets its cash windfall from CVC Capital Partners, Munster CEO Ian Flanagan has warned.

Media reports this week have suggested the private equity firm is nearing completion of a €360m investment deal for around a 14 per cent stake in the Six Nations, while a €145m purchase of a stake in the PRO14 is also on the cards.