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Premiership takeover bid
Leipziger (IP Logged)
05 September, 2018 10:52

 
Re: Premiership takeover bid
Falc Dancer (IP Logged)
05 September, 2018 11:55
Spotted this earlier today
What exactly does it mean for premiership clubs ?

 
Re: Premiership takeover bid
aidanb (IP Logged)
05 September, 2018 17:45
I think this bid means nothing because it is undervalued

however, it suggests the clubs organising body is looking to sell itself to the highest bidder

 
Re: Premiership takeover bid
Leipziger (IP Logged)
11 September, 2018 08:42

 
Re: Premiership takeover bid
Rafpilot2000 (IP Logged)
11 September, 2018 11:22
It appears the vote needs to unanimous and whilst most clubs are desperate for the money due to massive crippling debts it looks like Bath with their money bags owner and billionaire sponsor are going to veto it. Effectively holding other clubs to ransom.

 
Re: Premiership takeover bid
Monkey1 (IP Logged)
11 September, 2018 12:08
Quote:
Rafpilot2000
It appears the vote needs to unanimous and whilst most clubs are desperate for the money due to massive crippling debts it looks like Bath with their money bags owner and billionaire sponsor are going to veto it. Effectively holding other clubs to ransom.

To be fair, that is just the angle put on it by this particular journalist. There are other clubs with wealthy owners who may hold out for more, some sensibly run clubs with sustainable finances, and yes some with debts that could do with a windfall like this sooner rather than later. To portray it as Bath v the rest is almost certainly a gross simplification at best, and possibly downright unfair.

 
Re: Premiership takeover bid
Siders (IP Logged)
11 September, 2018 13:29
This article is particularly insightful on CVC's business model.

The inherent weakness we face is salary inflation from the continent and (increasingly) from Ireland. A buyout may write debt off but the structural problems may remain.

 
Re: Premiership takeover bid
aidanb (IP Logged)
11 September, 2018 13:30
Quote:
Siders
This article is particularly insightful on CVC's business model.
The inherent weakness we face is salary inflation from the continent and (increasingly) from Ireland. A buyout may write debt off but the structural problems may remain.

I was hunting that very article down about 10 mins ago and got distracted.

Worrying times if they do approve it

 
Re: Premiership takeover bid
Cantabrian (IP Logged)
11 September, 2018 13:51
Professional rugby is a great sport and very enjoyable to watch. Coupled with a family friendly atmosphere and a lack of diving [so far] it's no wonder that our game is growing.

However, we can't keep relying on twelve or so wealthy individuals to keep funding teams largely on their own.

I welcome the move to inject funds in to the professional game, so it can develop for the next generations. No doubt it will change, some dearly held traditions will disappear and traditionalists will be unhappy, but overall if it puts the game on to a sounder financial footing that can only be positive.

 
Re: Premiership takeover bid
aidanb (IP Logged)
11 September, 2018 14:04
The RFU are surely the answer here.

It's their game and in their interests to have a healthy Pro game.

 
Re: Premiership takeover bid
Leipziger (IP Logged)
11 September, 2018 15:14
I saw that article early Siders, my immediate thought is that this potential takeover isn't a good thing. CVC will only have one motivation - making money for themselves, as much as possible as quickly as possible. No problem with that in itself, but it won't necessarily be by doing what is in the long-term interest of the sport or its teams. Yes a £17m cash injection would be a huge boost for most clubs, but at what cost further down the line, when ever more TV and sponsor money is creamed off by CVC who will own most of the commercial rights?

Football and F1 display obvious warnings of what happens when sports sell out for a few more quid - they lose control and lose their souls.

Yes pro rugby isn't sustainable as it is, but I don't think this deal is a good answer.

 
Re: Premiership takeover bid
Falc Dancer (IP Logged)
11 September, 2018 18:37
Any takeover is about making a profit
The clubs might get an initial payday but in the long term any new third party owner, driven by profits, will look to make changes in order to make money
The USA is a massive market that Premier Rugby has/is trying to break in to. I would expect any new owner to take that into overdrive, probably in the form of more games abroad leading to big tele rights sales

 
Re: Premiership takeover bid
Monkey1 (IP Logged)
11 September, 2018 18:57
The bid has as expected been rejected according to the FT Online

 
Re: Premiership takeover bid
Kwa444 (IP Logged)
12 September, 2018 19:34
The problem is that as you say it's a windfall. Like killing the goose which lays the golden egg because you feel peckish. Only a short term fix. Inherent problems need more.

Also CVC were strongly criticised for F1 because they were focused on maximising profit to the sports detriment. Whether there is truth to that I can't comment, but one can say for sure that they will sell when the time is right for them and there is no saying who they will sell to.....

A certain portly sports clothing vendor could be interested for example.



Edited 1 time(s). Last edit at 12/09/2018 19:35 by Kwa444.

 
Re: Premiership takeover bid
Monkey1 (IP Logged)
13 September, 2018 07:07
The best long-term strategy would be to have more dynamic leadership within the current ownership. If the potential for higher future incomes then surely it would be best to nurture this for the benefit of the clubs rather than profits of some foreign entity. Surely this what the RFU should be encouraging, and perhaps they are, but I wouldn't count on it. This would be to their benefit after all, for the game in England to be nurtured well rather than used for profit for some non-English corporate body.

There will of course be pressure for a huge cash injection from a few clubs who have a massive and urgent need to clear debts. There could be some heated debates if a unanimous decision is required to make any sort of progress.

 
Re: Premiership takeover bid
aidanb (IP Logged)
13 September, 2018 16:19
Quote:
Monkey1
The best long-term strategy would be to have more dynamic leadership within the current ownership. If the potential for higher future incomes then surely it would be best to nurture this for the benefit of the clubs rather than profits of some foreign entity. Surely this what the RFU should be encouraging, and perhaps they are, but I wouldn't count on it. This would be to their benefit after all, for the game in England to be nurtured well rather than used for profit for some non-English corporate body.
There will of course be pressure for a huge cash injection from a few clubs who have a massive and urgent need to clear debts. There could be some heated debates if a unanimous decision is required to make any sort of progress.

Can you smell the wage cap silence all over again


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