UP581 PREM Rugby CEO: Paramount, Eddie Hearn and What R360 Got Wrong
PREM Rugby’s chief executive is preparing to take English club rugby to US investors. Richard Gillis asks him what the pitch is, and what it leaves out.Simon Massie-Taylor has run PREM Rugby since January 2022, after five years leading the RFU’s commercial and marketing work. He arrived just as Worcester, Wasps and London Irish were heading into administration. Since then the league has ended automatic relegation, introduced a salary floor and financial monitoring, and brought in new owners: Red Bull at Newcastle, Sir James Dyson at Bath and Black Knight at Exeter.In this conversation he is candid about R360, about CVC’s experience in rugby, and about how little of the league’s media income comes from outside the UK.Key themesNFL envy and fragmentation: why the American one-door model can’t be copied in a sport with an international game, a grassroots base and the Lions.The squeezed middle: the average Prem club ranks 476th in global sport by revenue; as a collective, the league would rank 58th.Central against local value: why a pound earned by the league may be worth more to investors than a pound earned by a club.Selling to American capital: overcoming the view of rugby as a “challenger” sport, and making the case on salary caps, no relegation and growth.R360 and breakaways: the £300m problem, why teams matter more than stars in rugby, and “dancing on the grave”.Players as promoters: Henry Pollock, Matchroom, and a generation that grew up “in the war years”.Media after Paramount: the TNT deal to 2031, cheaper access, overseas rights in single digits, and the trouble with big audience numbers.CVC: harder than expected, its role in creating the Nations Championship, and what its stake means when clubs are valued.Marketing physicality: selling the hits while protecting player welfare and the grassroots game.This episode is brought to you by Turnstile, from Gemba.What is your sponsorship really worth? Most valuations focus on counting logos on screen. Turnstile values the whole deal: the intellectual property, the exposure, and every benefit in the contract.Built on more than five and a half billion dollars of real world benchmarks, Turnstile shows you how the market actually trades. That's why Turnstile has been adopted by the world's leading brands, clubs, leagues and events.Before you buy, sell or renew, know the number. Reach out to the Turnstile team at Gemba.Visit the gemba website.Unofficial Partner is the leading podcast for the business of sport. A mix of entertaining and thought provoking conversations with a who's who of the global industry. To join our community of listeners, sign up to the weekly UP Newsletter and follow us on Twitter and TikTok at @UnofficialPartnerWe publish two podcasts each week, on Tuesday and Friday. These are deep conversations with smart people from inside and outside sport. Our entire back catalogue of 500 sports business conversations are available free of charge here. Each pod is available by searching for ‘Unofficial Partner’ on Apple, Spotify and every podcast app. If you’re interested in collaborating with Unofficial Partner to create one-off podcasts or series and live events, you can reach us via the website.