England: Premiership Rugby refuses a 51% takeover bid (£275m) by the fund CVC Capital Partners

The 12 Gallagher Premiership Rugby clubs have "unanimously" refused the offer of a majority takeover of the league by the investment fund CVC Capital Partners, according to Ian Ritchie, president of Premiership Rugby, who spoke to the British public broadcasting group the BBC on 11/09/2018. CVC reportedly offered £275m (€319m) to acquire 51% of the capital of Premiership Rugby Limited according to British media on 05/09/2018.

The announcement came as the 12 clubs suffered a combined loss of £28.5m (€32m) in 2016-17, "Exeter was the only Premiership club to clearly turn a profit in 2016-17," according to the British daily The Guardian on 28/08/2018.

CVC Capital Partners was the former owner of Formula 1, prior to the acquisition of the circuit by Liberty Media Corporation in 2017 (see below).

CVC Capital Partners: former owners of Formula 1

• Liberty Media Corporation acquired Formula One Management from a consortium of investors represented by the investment fund CVC Capital Partners, announced the American communication, media, and entertainment group on 07/09/2016. 
  
  • Liberty…