- 5 updates
Wales' four rugby regions have welcomed the agreement of a new European competition structure, which the say provides "a positive way forward".
Rugby Champions Cup - replaces Heineken Cup. 20 teams: 6 English and French clubs, 7 from Pro 12 including best placed side from Wales, Scotland, Ireland and Italy. Final place decided by England/France playoff.
Challenge Cup - 20 teams, including 18 from Pro 12, Premiership and Top 14 + 2 other countries.
Qualifying Competition - 12-18 teams from developing nations and Italy
NEW MANAGING BODY:
European Professional Club Rugby (EPCR). Replaces ERC
An extra £1m a year for Welsh regions
Competition funding split equally between member leagues
SHARED BROADCASTING RIGHTS:
Sky and BT to show joint coverage of European competitions
The future of European rugby has been secured after all parties agreed to a new competition structure from the 2014/15 season.
The new three tier system will feature all test nations and see Welsh regions gain around an extra million pounds a year. But they'll only be one guaranteed placce in the top level, with the others determined on merit.
But they'll only be one guaranteed place in the top level - with the others determined on merit. The WRU say tonight's decision is an important landmark for the european game.
The new tournament will involve 20 teams, not 24, there'll be 6 from the Aviva Premiership, 6 from the French Top 14 and 7 from the Pro12.
The final place will then be decided by a play-off.
It sees the end of two years of dispute and disharmony.