All nine stakeholders (listed below) are delighted to confirm that a Heads of Agreement ensuring the continuation and development of European club rugby competitions has been signed.
The parties have underlined their commitment to an invigorated competition which meets the requirements of all the parties involved.
It is a truly meritocratic tournament, with appropriate division of finances, underpinned by a long-term agreement and strong governance, starting in the 2014/2015 season.
Three cross border club competitions to be called The European Rugby Champions Cup, the European Rugby Challenge Cup and a new competition called the Qualifying Competition.
An association shall be established in Switzerland called 'European Professional Club Rugby' (EPCR). This body will be responsible for organising and managing the Cup Competitions.
BT and Sky have reached an agreement in principle concerning arrangements for the European Rugby Champions Cup and the European Rugby Challenge Cup competitions, both of which would be broadcast jointly by BT Sport and Sky Sports.
The pool matches would be shared equally, both will show two quarter finals each, one semi-final each and the final would be broadcast by both live. The four year agreement is subject to contract.
20 clubs comprising: 18 clubs from TOP14, Premiership Rugby and PRO12; 2 clubs from the qualifying competition organised with FIRA-AER.
The competition will take place over nine weekends. The Pool phase will be through five Pools of four teams, which will play each other home and away (six matches).
The five Pool winners and the three best runners up will qualify for the Quarter Finals. The Quarter Finals will be played at the home venues of the four best Pool winners. The Quarter Final winners will play the Semi Finals and the Semi Final winners will play the Final.
Calendar of both Competitions: The Pool phase will be played in three blocks of two weekends and will be completed by the end of January. The Final will take place latest the first weekend of May.
The Qualifying Competition will compromise between eigth and 12 teams from Tier two countries and Italian clubs as agreed by EPCR & FIRA-AER.
EPCR will be managed through a Board of Directors representing all parties and an Executive committee in charge of commercial matters and assisting with preparations of Board meetings. The EPCR Board shall have an Independent Chairman.
The EPCR Executive will comprise the Independent Chairman, Director-General, and three voting representatives, one from each of the leagues – namely the TOP14, Premiership Rugby and PRO12. The Director-General shall manage the day to day operations of EPCR.
Equal distribution of funds. i.e. a third to TOP14 teams, a third to Premiership Rugby teams and a third to PRO12 teams, with a guaranteed minimum distribution for the clubs from the PRO12 in years one to five.
The nine parties are: Federation Francaise de Rugby (FFR), Federazione Italiana Rugby (FIR), The Irish Rugby Football Union (IRFU), Ligue Nationale De Rugby (LNR), Premiership Rugby Ltd (PRL), Regional Rugby Wales Ltd (RRW), The Rugby Football Union (RFU), Scottish Rugby Union PLC (SRU) and The Welsh Rugby Union Ltd (WRU).
ERC Ltd. The parties take seriously their obligations to ERC and their staff and will ensure an orderly and proper transition to the new association