A six-year deal between the Welsh Rugby Union and the nation’s professional teams has been signed.
The deal between the four professional sides will be valid until the year 2029 and according to a statement will provide ‘financial predictability’.
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“The new PRA provides a financial framework which is made up of new funding from the WRU and club shareholders to create a sustainable platform for progress.” The statement reads.
“It provides financial predictability for the professional game in Wales and is welcomed by all PRB members.
“Homegrown player development will be a key objective for all parties as the new PRA is designed to promote success for both the professional club game and the Welsh international side.”
Wales’ four professional sides and WRU put pen to paper on a new financial package to enable sustainability and growth over the next six years.
‘We now have a structure which will provide a backdrop of stability from which we can build’ – WRU CEO WALKER
📰https://t.co/TNuBcWPhVR pic.twitter.com/yRYx4Wc8Vc— Welsh Rugby Union 🏴 (@WelshRugbyUnion) March 31, 2023