The financial uncertainty that has enveloped Welsh rugby is coming to an end with the Welsh Rugby Union and four regions verbally agreeing to a new long-term funding arrangement.
A six-year framework for professional play in Wales has been agreed, but an agreement has yet to be signed. The Welsh Rugby Union released a statement last night citing player welfare concerns due to the contractual embargo imposed on the four regions.
All parties recognized the “stress that uncertainty is putting on players, coaches, staff and their families” and pledged to work tirelessly to find a solution. The four regions have struggled on and off the pitch for several years and are looking for a financial solution that will not only ensure their survival but also allow them to be competitive on the pitch.
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It’s worth noting that no deals have yet been signed and Welsh rugby has a history of last-minute scrapped deals, but this is an important step in the right direction.
The statement read: “All four professional regional clubs support and sympathize with the concerns expressed in a statement issued by the Welsh Rugby Union at the weekend. We understand the stress that uncertainty is causing players, coaches, staff and their families.
“We regret that discussions have taken so long, but we are pleased to confirm this this morning. [Monday], we have verbally agreed to a new six-year framework for professional rugby union in Wales. All parties are now required to finalize the details of this agreement after consultation with players, coaches and staff.
“The entire game in Wales, both professional and grassroots, faces significant and unprecedented challenges that require collaboration, clear strategy and decisive action. We are all looking forward to concluding the ongoing PRB discussions as soon as possible to ensure strong professional regional clubs, a successful national team and a thriving community game.”
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Source: Wales Online
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