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Phillips: £5b sounds good but it breaks down small

■By STEFFAN THOMAS

Warning: Martyn Phillips

WRU chief executive Martyn Phillips has warned the Six Nations board to think twice before accepting a lucrative offer from private equity firm CVC.
The Six Nations is considering a bid from the cash-rich investment firm to sell a stake in rugby’s oldest championship.
If accepted, it is believed it could provide a windfall of more than £100m to each union but would mean partly surrendering control of the competition.
Phillips believes it is an offer seriously worth conoptions before you make that fairly key decision.
“I&...

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