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Thread: Premiership relegation set to be suspended

      
  1. #11

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    Default Re: Premiership relegation set to be suspended

    Quote Originally Posted by crossref View Post
    [...]
    The premiership is owned by 13 clubs [...]
    Can somebody tell me how that came about?

    Since the National Leagues were first formed, only Bath, Wasps Gloucester, and Leicester have never been relegated from the top division. Original members not now in the Premiership were Orrell, Nottingham, Moseley, Waterloo, and Coventry.
    He trudg’d along unknowing what he sought,
    And whistled as he went, for want of thought.
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  2. #12

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    Default Re: Premiership relegation set to be suspended

    Quote Originally Posted by OB.. View Post
    Can somebody tell me how that came about?

    Since the National Leagues were first formed, only Bath, Wasps Gloucester, and Leicester have never been relegated from the top division. Original members not now in the Premiership were Orrell, Nottingham, Moseley, Waterloo, and Coventry.
    If its anything like the Football Premiership (and I suspect it uses the same model), it was formed and one share was issued to each club, giving them equal voting rights. Premier League Ltd is owned by the clubs and manages the game on their behalf. When a club is relegated they relinquish their one share and it is given to a promoted club.

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  3. #13

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    Default Re: Premiership relegation set to be suspended

    so who has the 13th share? EPL themselves as a ltd company or similar?

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    Default Re: Premiership relegation set to be suspended

    Quote Originally Posted by didds View Post
    so who has the 13th share? EPL themselves as a ltd company or similar?
    the Premiership is owned by the 12 clubs currently in it + Saracens

    correction

    Premiership Rugby is owned 73% by our stakeholder clubs and 27% by CVC Capital Partners .
    https://www.premiershiprugby.com/abo...20in%20England.

    I can't find it online - but I am very sure the stakeholder clubs number 13 - the 12 currently in the premiership, plus Sarries
    Last edited by crossref; 3 Weeks Ago at 17:04.

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    Default Re: Premiership relegation set to be suspended

    I remember being surprised to find that London Irish were included after they had been relegated.
    He trudg’d along unknowing what he sought,
    And whistled as he went, for want of thought.
    The Referee by John Dryden

  6. #16
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    Default Re: Premiership relegation set to be suspended

    I don’t know if it’s changed, but there’s multiple share types, with options to increase certain shares based on your length in the premiership (which in turn affects your revenue), and options to purchase relegated clubs shares if they don’t bounce back - this article is about External buying Leeds shares 10 years back and goes into some detail - Exeter Chiefs pay about £5m for Leeds Premiership share
    https://www.bbc.co.uk/sport/rugby-union/19785431

  7. #17
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    Default Re: Premiership relegation set to be suspended

    It has changed a bit with CVC. Premiership Rugby is owned by a limited liability partnership, Premier Rugby Holdings LLP, partnership number OC426599. CVC's share is owned through Cobalto UK BidCo Limited (directors include David Wells and Luke Jagoe who both work for CVC). The Premiership club's share is held via PRL Investor Limited.

    Interestingly, both Cobalto UK BidCo Limited and PRL Investor Limited are shown as controlling more than 25%, but not over 50%, of the votes of Premier Rugby Holdings LLP which suggests that voting rights are different to ownership rights where CVC is generally referred to having a 27% stake.

    Premier Rugby Holdings LLP accounts are also showing as overdue which surprised me.

    There are now 3 classes of share in PRL Investor Limited - A, B and P. I imagine the A and P are similar to the old A and P classes. This information is dated March 19, 2020, ie before Sarries relegation.

    All current premiership clubs plus Sarries have 4m P shares. These are the permanent or perpetual shares which relegated clubs used to retain if they bounce back within one season. Not sure how a promoted club is supposed to buy these (and the attached income) if a different club is relegated each season and they bounce back the next, ie no single club is relegated for two consecutive seasons. The cards seem firmly stacked against championship clubs without very deep pockets as we saw with London Welsh. I imagine there'd be a reshuffle if Rugby switched to a 14 team format.

    Most clubs now have 2m A shares. Bristol has 500,000 and Irish 1,750,000 so there is clearly a mechanism to reward longevity in the Premiership. Would this survive a 14 team format?

    The B shares are new. Anyone know what these are for? All 13 clubs have 2m, apart from Newcastle who have none.

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    Default Re: Premiership relegation set to be suspended

    Great post
    Thanks

  9. #19

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    Default Re: Premiership relegation set to be suspended

    So if Sarries don't get promoted do they have to relinquish their shares?

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  10. #20
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    Default Re: Premiership relegation set to be suspended

    Quote Originally Posted by Phil E View Post
    So if Sarries don't get promoted do they have to relinquish their shares?
    I think it’s more there’s an opportunity for someone to buy if they want, eg Bristol or Irish

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