The Ospreys have issued a defiant message after holding initial talks with Cardiff Rugby over a potential merger, claiming they are "carrying on as usual" as speculation around the region's future intensifies.
The Swansea club's majority owners Y11 Sport have been involved in exploratory discussions with Cardiff bosses amid Welsh rugby's ongoing financial difficulties, with senior figures concerned that there is simply not enough money to continue to fund four regions.
While the proposal is far from a done deal, some of those involved in the talks are reportedly pushing for any change to be carried out by the beginning of the season. If agreed, it would see the merged team play at Cardiff Arms Park with Ospreys not the owners of their own stadium.