SM
Man City vs. Spurs: 11 hrs 40 mins
Upcoming predictions and previews

Premiership Rugby ‘on track’ for deal to change face of the domestic game

:Headline: Premiership Rugby ‘on track’ for deal to change face of the domestic game: ID:343960: from db_amp
PRL chief executive Mark McCafferty indicated that the deal was so close it might not even require another formal meeting.

Premiership Rugby chairman Ian Ritchie says a prospective nine-figure deal with a private equity firm which will change the face of the domestic game “remains on track”.

Ritchie had been expected to announce the completion of the £230million deal – widely reported to be with CVC Capital Partners – following Tuesday’s fourth meeting in recent months.

But instead the top-flight clubs will have to wait a little longer for the
financial boost which will earn them around £18m each in exchange for CVC becoming the PRL’s partners.

Saracens and Wasps are among the top-flight clubs set for a financial boost (Victoria Jones/PA)

Ritchie said: “We had a good PRL board meeting and there remains a unanimity about our approach and our desire to enter into (this deal).

“We remain on track with our objectives. These discussions are inevitably
complex but we have had a good meeting today and we remain with that shared objective.”

PRL chief executive Mark McCafferty indicated that the deal was so close it might not even require another formal meeting before the biggest investment in the history of the game can be announced.

PRL chief executive Mark McCafferty is excited about the new deal (Simon Cooper/PA)

Officials hope it will transform the domestic competition, leading to a much greater strength in depth and more opportunities for the smaller clubs to challenge for silverware.

Under the PRL’s existing rules, the current salary cap level remains at £7m irrespective of the prospective investment levels, meaning a bigger initial benefit to those clubs that currently spend less.

Other clubs are expected to use the windfall to focus on revamping their current facilities, including training pitches and even hotels.

Exeter Chiefs are considering building a hotel (Nigel French/PA)

McCafferty said: “I wouldn’t say there were sticking points, it’s more that these are not straightforward negotiations because they have got a number of different angles to them.

“With the collective will around the table today, we can find the results to those remaining few items.

“It will be a landmark moment if we can get there, which will usher in a new era for the game going into next year, and that will allow the clubs to make the next big investment in the game.”

amp_article__343960 : Database Data restored...  : 
last updated article - 2018-12-11 19:22:21:
html db last update - 2018-12-11 19:22:21 :

ex - 7200 : read : read cache amp html

Click here for more stories about Mark McCafferty

Share this article now:
Read more about Rugby Union
Recommended Next on SM
Premier League Table
TeamPWDLFAGDPTS
1Liverpool119112161528
2Manchester CityMan City117222213923
3Chelsea115422113819
4Arsenal115421812619
5Nottingham ForestNott'm Forest115421510519
6Brighton & Hove AlbionBrighton115421915419
7Fulham115331613318
8Newcastle UnitedNewcastle115331311218
9Aston Villa115331717018
10Tottenham HotspurSpurs1151523131016
11Brentford115152222016
12Bournemouth114341515015
13Manchester UnitedMan Utd114341212015
14West Ham UnitedWest Ham113351319-612
15Leicester CityLeicester112451421-710
16Everton112451017-710
17Ipswich TownIpswich111551222-108
18Crystal Palace11146815-77
19Wolverhampton WanderersWolves111371627-116
20Southampton11119721-144
Scroll for more - Tap for full version


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
AL
Sign up for our FREE daily preview newsletter direct to your inbox!

Loading ...

Failed to load data.



. . . . . . . . . . . . . . .