LONDON - European clubs have agreed to launch three new continental tournaments after almost two years of conflict, the six federations and representatives from English, French and Welsh teams announced on yesterday.
In a joint-statement, the nine stakeholders also revealed that previous competition organisers European Rugby Cup (ERC) will be replaced by a new organisation based in Switzerland.
"A new deal on European club rugby has been signed," read the statement.
"It features 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."
The 20-team Champions Cup will be the showpiece event of the new format and replaces the 24-team European Cup, which had run since 1995. The reforms has been in the pipeline since June 2012.