NICK CAIN
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BILL Beaumont might well be wondering who controls the global game. Is it World Rugby based worldwide governing body of rugby union of which Beaumont is the chairman, or is it the venture capital giant, CVC, who have almost £90 billion of assets under management, and 24 offices across Europe, North and South America, and the Asia-Pacific region?
CVC, which has a business model of ‘buy low’ and ‘sell high’ (usually after 5 to 10 years), has invested over £700 million of those assets in European rugby in the last three years.
They started wit...