Rugby World Cup bosses reject the use of private investment to develop the game because they say “we can achieve the kind of ambition we’re talking about.”
- Rugby World Cup bosses say they will not use private investment to advance the game
- Private equity has been growing in strength in rugby for several years
- Chief Executive Alan Gilpin says they can live up to their ambitions without it
Rugby World Cup bosses have revealed that they will not use private equity investments to take the game’s biggest tournament to the next level.
This week in Dublin, destinations were confirmed for both men and women in the 2033 World Cup, and World Rugby was keen to make long-term plans for the future.
Private equity is gaining importance in rugby and CVC Capital Partners now owns a 14 percent stake in the Six Nations for a £ 365 million investment.
Rugby World Cup bosses rejected the use of private investment to advance the game
CVC also has significant stakes in both the Gallagher Premiership and the United Rugby Championship, while their Silver Lake rivals are a growing force in the Southern Hemisphere.
CVC’s total investment in professional rugby is now over £ 700 million.
World Rugby CEO Alan Gilpin said he considered private equity deals as a way to expand the trade offering of a future World Cup, but was opposed to such a move.
“We’ve been looking at it really hard in the last 12-18 months,” Gilpin said.
Chief Executive Alan Gilpin says they can achieve their ambitions without private investment
“The nice answer is that we can achieve the kind of ambition we’re talking about in these tournaments without doing it.
“Do we want to see more investment in sport around the world? Yes. If some of it comes from private investment, that’s absolutely fine, as long as sport really benefits. ”
World Rugby hopes to increase their $ 1 billion ticket sales for the Men’s World Cup in Australia in 2027 and the US in 2031.