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Devil is in the detail of buyback option

RFU chief executive Bill Sweeney

NICK CAIN

AFTER a couple months of putting down a smokescreen the RFU has finally given an answer to what happens to the 14.3 per cent of its Six Nations shares sold to the private equity firm CVC when the five-year deal ends.
The RFU chief executive, Bill Sweeney, offered this explanation of the structure of an overall transaction worth £365 million to the Six Nations, and, crucially, whether the rights revert to the RFU when the CVC involvement ends.
Sweeney said of the RFU’s projected yield worth £95 million: “It is one seventh of the new company, and that company holds the consolid...

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