The financial uncertainty which has engulfed Welsh rugby is drawing to a close with the Welsh Rugby Union and the four regions having verbally agreed a new long-term funding deal.
A six-year framework for the professional game in Wales has been agreed but no deal has yet been signed. The Welsh Rugby Players Association last night issued a statement citing their concern for the well-being of the players with a contract embargo having been placed on the four regions.
All parties have acknowledged the "stress uncertainty causes players, coaches, staff, and their families", and have vowed to work tirelessly to come to a solution. The four regions have been struggling on and off the pitch for a number of years and are looking for a financial solution which will not only secure their survival but give them an opportunity to be competitive on the field.
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It is worth noting no deal has yet been signed, and there is a precedent in Welsh rugby for deals falling through at the last minute, but this is a significant step in the right direction.
The statement reads as follows: "The four professional regional clubs fully endorse and sympathise with the concerns expressed in the statement released by the Welsh Rugby Players Association over the weekend. We recognise the stress uncertainty causes players, coaches, staff and their families.
"We regret how long discussions have taken so far but we are pleased to confirm that, as of this morning [Monday], we have verbally agreed a new six-year framework for professional rugby in Wales. It is now incumbent upon all parties to finalise the detail of this agreement in consultation with players, coaches and staff.
"The entire game in Wales, both professional and grassroots, faces significant and unprecedented challenges, which require collaboration, a clear strategy and decisive action. We all want to conclude 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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