Six Nations £300m investment deal with CVC 'postponed' due to coronavirus pandemic

Private equity firm CVC were set to purchase a 14 per cent share of the Six Nations
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The £300million investment by CVC into the Six Nations has been postponed, according to reports.

The private equity firm, which purchased a 27 per cent stake in Premiership Rugby in 2018, had been looking at buying a 14 per cent share in the Six Nations, as part of its widening rugby portfolio.

But the Financial Times reported on Monday that talks between the Six Nations and CVC had been halted.

This year’s championship remains unfinished due to the coronavirus pandemic, with the remaining games potentially scheduled for the autumn.

Ireland's round four meeting with Italy in Dublin was the first match to be called off as a result of the Covid-19 outbreak, while the full final round of fixtures - Italy vs England, Wales vs Scotland and France vs Ireland - was also postponed.

England sit top of the standings following three successive wins and after France's Grand Slam dreams were halted by Scotland in Paris.

The Six Nations was previously concluded in the autumn in 2001 due to the outbreak of foot and mouth disease and has not been left incomplete since 1972.

However, World Rugby chairman Sir Bill Beaumont recently warned that it is a “distinct possibility” that no more international rugby union fixtures take place in 2020.

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