Premiership Rugby agrees selling majority share is ‘not preferred option’

• Private equity firm CVC offered £275m for 51% share
• Clubs want to keep control, says chairman, Ian RitchiePremiership Rugby has declined to accept a £275m offer from the private equity firm CVC for a 51% share because the clubs are fearful of handing control to a third party. With collective losses of around £35m, the clubs remain on the lookout for fresh investment but at Tuesday’s board meeting they unanimously agreed that selling a majority share was &ldq