REUTERS: World Rugby's proposed global league will guarantee billions of pounds in investment while a revised schedule would address player ...
REUTERS: World Rugby's proposed global league will guarantee billions of pounds in investment while a revised schedule would address player welfare concerns, the sport's governing body said after meeting major stakeholders in Dublin on Thursday.
"We're encouraged that the format revisions and robust financial model has been well received," World Rugby chairman Bill Beaumont said in a statement. World Rugby's business plans follow reports in the British media that the Six Nations is considering an offer from private equity firm CVC to buy a stake in the championship, which could prove to be a hurdle for the new league.Officials from national rugby unions, competition owners and international player representatives attended the meeting in Dublin.
"As you would expect in an ambitious, complex and multi-stakeholder project, not everyone is in full agreement on the way forward, including the matter of promotion and relegation, but we will continue to engage and consult," Beaumont added.
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