IRFU chief welcomes €55m for Irish rugby as CVC equity deal done

Six Nations Rugby has completed an agreement to sell a stake to venture capital firm

IRFU Chief Executive Philip Browne. Picture: INPHO/Dan Sheridan

Six Nations Rugby has agreed to sell a stake in the tournament to private equity firm CVC Capital Partners in a five-year deal thought to be worth in excess of £300million.

Organisers say the deal with CVC, which already has significant investment in the Gallagher Premiership and PRO14, is subject to customary regulatory approvals.