Wales Rugby Union chief executive Steve Phillips said: 'This is a pivotal moment in the history of the international game in Wales. Ben Morel, chief executive of Six Nations Rugby, said: 'This is a hugely positive development and I want to express my thanks to all parties involved. 'Subject to the conclusion of the deal, our CVC capital investment priorities will be asset development in the community game and England Rugby activity. 'This could for example include club, ground and stadium development, data and digital investment and opportunities to further grow the women's game. 'As a result of significant revenue losses, we will also apportion some CVC capital in the short term to pay down debt and rebuild reserves.'

Source: The Nation March 11, 2021 10:41 UTC