National League Rugby Discussion Forums Homepage
Forum Home Forum Home > League Rugby - www.leaguerugby.co.uk > Clubhouse chat
  New Posts New Posts RSS Feed - Premiership rugby to go private
  FAQ FAQ  Forum Search   Events   Register Register  Login Login

IMPORTANT Remember to read the rules of the board and abide by them when posting.

Premiership rugby to go private

 Post Reply Post Reply Page  12>
Author
Message
Camquin View Drop Down
World Cup Winner
World Cup Winner
Avatar

Joined: 01 Jun 2007
Location: Cambridge
Status: Online
Points: 5605
Post Options Post Options   Thanks (0) Thanks(0)   Quote Camquin Quote  Post ReplyReply Direct Link To This Post Topic: Premiership rugby to go private
    Posted: 05 Sep 2018 at 08:24
Apparently PRl is in negotiation with CVC to sell up.

There is an article in the times, quoted here
I am not sure what PRL own.

Blood and Sand
Back to Top
BeeBumble View Drop Down
World Cup Winner
World Cup Winner
Avatar

Joined: 07 Nov 2008
Location: Caldy
Status: Offline
Points: 604
Post Options Post Options   Thanks (0) Thanks(0)   Quote BeeBumble Quote  Post ReplyReply Direct Link To This Post Posted: 05 Sep 2018 at 08:38
Time for the RFU to talk to its own bankers, perhaps - frying pan and fire does, however, then spring to mind!  
Me? I'm just buzzin' around!
Back to Top
OldNick View Drop Down
World Cup Winner
World Cup Winner


Joined: 20 May 2007
Location: United Kingdom
Status: Online
Points: 2564
Post Options Post Options   Thanks (0) Thanks(0)   Quote OldNick Quote  Post ReplyReply Direct Link To This Post Posted: 05 Sep 2018 at 09:02
I get the strong impression that the bankers have already been talking to the RFU. The RFU is in an extremely weak position at present, and this buy out would make them much weaker. 
Back to Top
Robb View Drop Down
World Cup Winner
World Cup Winner
Avatar

Joined: 24 Jan 2017
Location: Kent
Status: Offline
Points: 475
Post Options Post Options   Thanks (0) Thanks(0)   Quote Robb Quote  Post ReplyReply Direct Link To This Post Posted: 05 Sep 2018 at 10:06
The first step towards closing the shop.
Back to Top
Morgie Man View Drop Down
British and Irish Lion
British and Irish Lion


Joined: 14 Sep 2015
Location: South Coast
Status: Offline
Points: 291
Post Options Post Options   Thanks (0) Thanks(0)   Quote Morgie Man Quote  Post ReplyReply Direct Link To This Post Posted: 05 Sep 2018 at 11:06
https://www.thetimes.co.uk/article/22397ebc-b06f-11e8-8fb1-ac438dd6af00
The Premiership to be sold for £275m to organisation who bought F1.
 
Rugby going to turn into a proper Franchise business. Time for the RFU to support the Championship even more.
when you win say nothing, when you lose say less
Back to Top
JonDee View Drop Down
World Cup Winner
World Cup Winner


Joined: 25 May 2007
Location: Nottingam
Status: Offline
Points: 950
Post Options Post Options   Thanks (0) Thanks(0)   Quote JonDee Quote  Post ReplyReply Direct Link To This Post Posted: 05 Sep 2018 at 11:24
If that happens I would be surprised if there was promotion from the Championship and if that happens could see a review of finances for some of the bigger spending Championship clubs . Although the opposite point of view would be a few Championship Clubs may be invited to join the Premiership to provide more fixtures ???
Back to Top
Morgie Man View Drop Down
British and Irish Lion
British and Irish Lion


Joined: 14 Sep 2015
Location: South Coast
Status: Offline
Points: 291
Post Options Post Options   Thanks (0) Thanks(0)   Quote Morgie Man Quote  Post ReplyReply Direct Link To This Post Posted: 05 Sep 2018 at 11:32
Surely if they are buying a company (Premier Rugby Ltd) PRL, then only the shareholders in that company would benefit and that would only be London Irish in the Championship as Yorkshire lost all their shares last year?
when you win say nothing, when you lose say less
Back to Top
Insignificant Tick View Drop Down
World Cup Winner
World Cup Winner
Avatar

Joined: 06 Jul 2012
Status: Offline
Points: 797
Post Options Post Options   Thanks (0) Thanks(0)   Quote Insignificant Tick Quote  Post ReplyReply Direct Link To This Post Posted: 05 Sep 2018 at 12:24
Superb timing to expose the talks.
The RFU need the Premiership players for the World Cup and Internationals after spending far too much on big projects and so will be very compliant when negotiating with PRL new owners.
Could the RFU be brave enough to select internationals only from the Championship ? 
They could if they cut PRL 1 adrift and have Premiership 2 with all the funding that they used to give to the original Premiership 1.
It would mean a choice for players to either go to Premiership 1 and not play for England or play for a Premiership 2 side that is RFU funded but plays England Internationals. The side would get beaten heavily initially and could RFU coffers stand that ?
Where Television cameras ( and their money) & supporters go to would be interesting.     
Back to Top
Bigmal View Drop Down
World Cup Winner
World Cup Winner


Joined: 17 Nov 2013
Location: BRISTOL
Status: Offline
Points: 967
Post Options Post Options   Thanks (0) Thanks(0)   Quote Bigmal Quote  Post ReplyReply Direct Link To This Post Posted: 05 Sep 2018 at 13:47
Interesting concept-the point made by one commentator that the current business model is not working for all but 1/2 of the clubs is a fair one BUT in order to "sweat" the asset costs for fans will have to rise.

Where this could leave some clubs is anyone's guess - Exeter for example needs to improve its ground whereas Bristol have the ground,the support AND lots of fans on historical and cheap long term season ticket deals.

The RFU could be in difficulty given that it relies upon the international games for income - which wont be forthcoming if the top players aren't involved.

Not seen any other comments about this but no doubt things will become clearer in due course.
Back to Top
Richard Lowther View Drop Down
Coaching staff
Coaching staff
Avatar
Moderator

Joined: 19 May 2007
Location: England
Status: Offline
Points: 4443
Post Options Post Options   Thanks (0) Thanks(0)   Quote Richard Lowther Quote  Post ReplyReply Direct Link To This Post Posted: 05 Sep 2018 at 14:26
Twitter is full of comments. Alot refer to the CVC exploiting the TV and commercial rights much more than at present. The CVC would own the PRL but not the clubs and when the present agreement with the RFU ends, there is nothing to suggest that the RFU have to renew with the current cabal.

Edited by Richard Lowther - 05 Sep 2018 at 14:27
Moderator National League Rugby Message Boards



Remember Wakefield RFC
Back to Top
romford View Drop Down
British and Irish Lion
British and Irish Lion


Joined: 03 Mar 2010
Status: Offline
Points: 207
Post Options Post Options   Thanks (0) Thanks(0)   Quote romford Quote  Post ReplyReply Direct Link To This Post Posted: 05 Sep 2018 at 14:47
My understanding is that the RFU can block this if they have the "cojones".This would inevitably lead to a schism with PRL and plenty of work for my learned friends.With the world Cup on the horizon they may be shy.As always PRL's hand is all about player release for England.
PRL have historically been nervous of having their cartel like share structure examined in a court but with Ritchie having "crossed the floor" they will be privy to all the RFU's legal opinions.
CVC are a venture capitalist and despite their statements to the contrary have no interest in the ethos of our game, just maximising their returns with a five to seven year exit plan.
Its a bad move for everyone apart from the 13 owners.
Does the RFU govern our game or not? This one may run and run.
Back to Top
Insignificant Tick View Drop Down
World Cup Winner
World Cup Winner
Avatar

Joined: 06 Jul 2012
Status: Offline
Points: 797
Post Options Post Options   Thanks (0) Thanks(0)   Quote Insignificant Tick Quote  Post ReplyReply Direct Link To This Post Posted: 05 Sep 2018 at 14:54
The RFU need PRL for players at the moment but do the Premiership clubs need the RFU money ?
Might as well be another few million in debt without it as it doesn't seem to matter to the owners.
Back to Top
Bigmal View Drop Down
World Cup Winner
World Cup Winner


Joined: 17 Nov 2013
Location: BRISTOL
Status: Offline
Points: 967
Post Options Post Options   Thanks (0) Thanks(0)   Quote Bigmal Quote  Post ReplyReply Direct Link To This Post Posted: 05 Sep 2018 at 17:16
The Prem needs to be sustainable financially which realistically can only come from increased commercial/tv revenue. How much advertising revenue would a better tv package attract or would we see pay to view? Can't see rugby fans buying into the latter? 

Any new owners will have studied the round ball approach which raises all sorts of concerns around the 6 Nations as well as those lucrative Autumn Internationals.

Picking an England squad from the Championship as has been referred to above may not be such a daft idea after all - likely to result in more open games and more tries.

Having watched 3 out of the last 4 Euro finals there is no doubt in my mind that the fans are looking for a more entertaining spectacle which means more tries.

Interesting times …..
Back to Top
Count Ford View Drop Down
First XV regular
First XV regular


Joined: 20 May 2017
Location: WA4
Status: Offline
Points: 102
Post Options Post Options   Thanks (0) Thanks(0)   Quote Count Ford Quote  Post ReplyReply Direct Link To This Post Posted: 05 Sep 2018 at 19:33
Originally posted by Insignificant Tick Insignificant Tick wrote:

The RFU need PRL for players at the moment but do the Premiership clubs need the RFU money ?
Might as well be another few million in debt without it as it doesn't seem to matter to the owners.


surely all the RFU would need to do is drop the 'must play in England' clause.

Plenty of good players would then move to France for the finance and be out of the clutches of PRL/CVC and could still play for England
Back to Top
Insignificant Tick View Drop Down
World Cup Winner
World Cup Winner
Avatar

Joined: 06 Jul 2012
Status: Offline
Points: 797
Post Options Post Options   Thanks (1) Thanks(1)   Quote Insignificant Tick Quote  Post ReplyReply Direct Link To This Post Posted: 06 Sep 2018 at 10:26
Its a golden chance for the RFU to start again and conduct professional rugby as it should have been from the outset. Central contracts for the players etc along the models of other countries.
The RFU would have to be very bold and take a hit in the early years but what if they cut the Premiership / CVC adrift and divert all monies to Championship clubs ? The Championship clubs will turn full time professional, fitness levels will soar and ability levels will follow in a couple of years. PRL / CVC will promote their brand as they see fit which will grow or wither and die like Kerry Packers mob but that will still have some benefit to the RFU. The RFU however will have England matches to promote their brand plus all the existing clubs and infrastructure. Radical man ! 


Edited by Insignificant Tick - 06 Sep 2018 at 16:25
Back to Top
Morgie Man View Drop Down
British and Irish Lion
British and Irish Lion


Joined: 14 Sep 2015
Location: South Coast
Status: Offline
Points: 291
Post Options Post Options   Thanks (0) Thanks(0)   Quote Morgie Man Quote  Post ReplyReply Direct Link To This Post Posted: 06 Sep 2018 at 16:22
RFU should take back control of our borders........ well of English Rugby at the very least !
when you win say nothing, when you lose say less
Back to Top
Robb View Drop Down
World Cup Winner
World Cup Winner
Avatar

Joined: 24 Jan 2017
Location: Kent
Status: Offline
Points: 475
Post Options Post Options   Thanks (0) Thanks(0)   Quote Robb Quote  Post ReplyReply Direct Link To This Post Posted: 12 Sep 2018 at 08:14
Back to Top
Deva Delinquent View Drop Down
World Cup Winner
World Cup Winner


Joined: 24 May 2017
Location: Chester
Status: Offline
Points: 521
Post Options Post Options   Thanks (0) Thanks(0)   Quote Deva Delinquent Quote  Post ReplyReply Direct Link To This Post Posted: 12 Sep 2018 at 10:04
Dead in the water according to the news this morning.
Back to Top
OldNick View Drop Down
World Cup Winner
World Cup Winner


Joined: 20 May 2007
Location: United Kingdom
Status: Online
Points: 2564
Post Options Post Options   Thanks (0) Thanks(0)   Quote OldNick Quote  Post ReplyReply Direct Link To This Post Posted: 12 Sep 2018 at 10:19
Not dead at all - this offer at this time  rejected as being too small,  but the words  from  Ian  Ritchie and  Mark Rafferty as reported in today's Daily Telegraph, make it clear they are lookig to sell for more money.
Back to Top
Camquin View Drop Down
World Cup Winner
World Cup Winner
Avatar

Joined: 01 Jun 2007
Location: Cambridge
Status: Online
Points: 5605
Post Options Post Options   Thanks (1) Thanks(1)   Quote Camquin Quote  Post ReplyReply Direct Link To This Post Posted: 12 Sep 2018 at 11:14
To misquote Peter Jones:

"You can’t possibly value it at £800 million to an investor unless they are completely stupid… Are you talking to people that are over five years of age or under?”

“That’s going down as the most ridiculous valuation ever in the den.”




Blood and Sand
Back to Top
 Post Reply Post Reply Page  12>
  Share Topic   

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 11.04
Copyright ©2001-2015 Web Wiz Ltd.