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PRO14 agrees investment deal with CVC

THE PRO14 has agreed a deal to sell a 28 per cent stake in the league to private equity firm CVC Capital Partners.
CVC will buy a minority shareholding after agreeing a similar deal with English clubs.
The deal will bring major investment, believed to be around £120m, that will benefit the Irish, Scottish, Welsh and Italian Rugby Unions that form Celtic Rugby DAC, which runs the league.
The Unions will retain a 72 per cent majority share of the tournament.
PRO14 bosses have been in long-term discussions with CVC after the firm bought a stake in the Premiership in December 2018, a deal...

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