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Premiership Rugby is confident of completing a "landmark" investment deal with a private equity company by the end of the year, according to senior figures within the organisation.
British media reported that Luxembourg-based CVC Capital Partners, previously the commercial rights holders for Formula One, have offered more than £200m for a minority share in the business.
"It's a landmark moment for us if we can get there and will usher in a new era for the club game going into next year," chief executive Mark McCafferty said after a board meeting.
"It (the deal) comes down to a few issues and we have to work through those remaining points. But with the collective will around the table today we can find the answers to those remaining few items."
In September, Premiership Rugby said it was opposed to selling a majority share to a private party after reports emerged that CVC sought to buy a 51 per cent share with a bid of around £275m.
Rugby internationals – team of the autumnShow all 15 1 /15Rugby internationals – team of the autumn Rugby internationals – team of the autumn Cian Healy (Ireland) Rolled back the years to his very best form and the sight of him leaving the field against New Zealand completely exhausted demonstrated just how much he gave to Ireland’s caused. Has ended any doubts over who the best current loosehead in Ireland is once and for all.
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Rugby internationals – team of the autumn Ken Owens (Wales) The most consistent hooker throughout the autumn, both in performance and in selection. Strong showings against Australia and South Africa that both resulted in victories saw him clinch the shirt with relative ease.
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Rugby internationals – team of the autumn Kyle Sinckler (England) Looks to be on the way to fulfilling his potential after a standout autumn, with the man-of-the-match performance against Australia being one of the best showings from an English tighthead we’ve ever seen. Could well become a force to be reckoned with in the years to come.
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Rugby internationals – team of the autumn Maro Itoje (England) The consistent figure in England’s second row that was hit by injury after injury. Overcame a difficult start against the Springboks to star in the near-miss against New Zealand and the comeback victory over Japan. Is growing into a real leader of the pack as he took control of the lineout against Australia with huge success.
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Rugby internationals – team of the autumn Brodie Retallick (New Zealand) The best player in the world right now and it was his domination of the English lineout that helped secure the comeback victory at Twickenham. Unlucky to be on the losing side against Ireland but overall it was a strong series from the towering lock.
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Rugby internationals – team of the autumn Peter O’Mahony (Ireland) Phenomenal performance against the All Blacks saw him hobble off the pitch to a standing ovation. A crucial figure in the lineout against Argentina too and he is developing into a new talisman for the Irish.
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Rugby internationals – team of the autumn Ellis Jenkins (Wales) Two brilliant showings against Tonga and South Africa on either side of the back-row. His performance against the Springboks was phenomenal, with a line-break to set up Tomas Francis for a try and a try-saving tackle on Jesse Kriel, and we can only hope he makes a full recovery from the nasty knee injury he suffered at the end of the match.
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Rugby internationals – team of the autumn Mark Wilson (England) Came into the autumn as an unknown quantity and leaves having put himself firmly in the frame for England’s World Cup squad. Man of the match against South Africa in only his second start and provided some much-needed ball carrying against Australia that apparently England were lacking.
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Rugby internationals – team of the autumn Greig Laidlaw (Scotland) May be off the radar playing in France but he is back to his best as Scotland’s first-choice No 9. Has looked lively all autumn and as reliable as ever kicking for goal to lift that responsibility off half-back partner Finn Russell.
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Rugby internationals – team of the autumn Owen Farrell (England) Say what you want about his controversial tackling technique that for some reason is going unpunished, but he offers so many match-defining moments that he has to feature in the side. Unsurpring mention for Johnny Sexton too, but his lack of game time compared to Farrell’s three-and-a-half outings sees Farrell take the shirt.
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Rugby internationals – team of the autumn Jacob Stockdale (Ireland) Part of a well-drilled team move to secure victory against New Zealand but his individual contribution cannot be ignored as he executed a perfect chip-and-chase to win the match for the Irish and inject them with a huge show of momentum ahead of the World Cup.
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Rugby internationals – team of the autumn Bundee Aki (Ireland) The standout performer in an autumn that was difficult for a lot of inside centres. Ben Te’o and Hadleigh Parkes were also in the running and Damien De Allende was perhaps the most consistent, but Aki takes the spot with strong performances against the All Blacks and Italy.
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Rugby internationals – team of the autumn Garry Ringrose (Ireland) He is developing into a wonder player at international level, and is able to form strong partnerships with whoever is inside him as we saw when Robbie Henshaw was ruled out at late notice to see Aki come in inside him. Somewhat strangely the only player retained in the side to face the USA, but delivered with a virtuoso performance in playing a key role in Andrew Conway’s hat-trick.
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Rugby internationals – team of the autumn George North (Wales) Looked like the wing of old at the start of the autumn and looks to be reaping the rewards of his move back to Wales and the National Dual Contract that came with it. Fully fit and firing at his best, it has been a joy to watch North get back into his stride this autumn.
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Rugby internationals – team of the autumn Israel Folau (Australia) The superstar playing in one of the most average Australia teams we’ve ever seen. The finish for his first try against England was the sign of a special player that few others could replicate, while he was also mighty under the high ball throughout the autumn.
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However, Premiership Rugby chairman Ian Ritchie said there was "complete unanimity" about the need for investment.
"We remain on track for achieving this," Ritchie added.
Premiership Rugby is owned by 13 member clubs, many of whom have suffered heavy financial losses, comprising the 12 sides that make up the top division plus London Irish.
Reuters
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