The English Premiership is considering selling controlling ownership of the league to a private equity firm for about £275-million (R5.4-billion).
According to The Times of London, the Premier Rugby Ltd (PRL) executive has been in negotiations for about a year with CVC Capital Partners, the private equity company based in Luxembourg which made about £8-billion (R157-billion) from its decade-long ownership of Formula One.
Premiership clubs collectively lose about £30-million (R591-million) a year, on average £2.3-million (R45-million) each.
A deal with CVC Capital would deliver about £17-million (R335-million) overnight to every club that could help wipe out their debt.
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