Thursday January 23, 2020

Broadcasting rights boost for IRFU from €140 million Guinness Pro14 deal

Irish rugby would receive investment injection of €40m from sale

24th November, 2019
Josh Murphy of Leinster is tackled during their Guinness Pro14 match against Zebre in Parma last month (Pic: Ramsey Cardy/Sportsfile)

The sale of a stake in the Guinness Pro 14 to private equity will provide a €40 million boost to Irish rugby, although commercial control of the league may move out of the country.

As revealed by the Business Post last week, Formula One investor CVC has signed to acquire a 27 per cent stake of Celtic Rugby DAC, the Dublin-based Guinness Pro 14 holding company, for around €140 million.

An investment injection of €40 million...

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