England's top clubs set to discuss on Premiership takeover offer from CVC

The leading clubs of England's rugby union are set to converge for a meeting on Tuesday to discuss on the £275m offer made by CVC Capital Partners on the takeover of the Premiership Rugby.

The former owners of F1, CVC Capital Partners, has expressed their willingness to buy 51% stake in the league but according to a report in BBC, their initial offer is likely to be declined.

The report also added that Bath's owner Bruce Craig has already expressed his displeasure on undervaluing the league which he feels is worth around £800m while other clubs believe it will be a beneficial option considering most of them had reported loss.

With an unanimous decision needed for the historic deal to go through, it is likely that the board members might force CVC to improve the offer given to Premiership Rugby.

Earlier, Premiership chief executive Mark McCafferty had said that the offer from CVC is one of the several options available as the league is planning for an expansion.