RFU due to confirm shake-up of rugby’s top division
Knighthead Capital Management in early discussions
Birmingham City’s owner, Knighthead Capital Management, is among a number of American investors exploring the purchase of potential new franchises in Prem Rugby before a radical shake-up of the sport due to be ratified by the Rugby Football Union on Friday.
The RFU council will vote at Twickenham on proposals to ringfence the 10-team Prem with no promotion or relegation until 2030, when a staged expansion is planned, beginning with the addition of two more teams.
While former top-flight sides such as London Irish, Wasps and Worcester Warriors as well as ambitious Champ clubs like Ealing Trailfinders will be given the opportunity to apply, Prem Rugby is also keen to secure new additions. New York-based merchant bank, The Raine Group, and Deloitte have been engaged with a brief to discuss franchise opportunities with potential new owners, as well as bringing new investment into Prem Rugby itself.
