Super League receive investment offer from Australia's National Rugby League as part of 'recapitalisation project'

Super League have received an investment offer from the Australia Rugby League Commission (ARLC) which governs the National Rugby League (NRL) in Australia.

Conversations have long been occurring between Australia's governing body and Europe's, with a formal offer now having been received.

In a statement, Super League said: "RL Commercial can confirm that a first offer has been received from the ARLC (Australian Rugby League Commission) as part of the sport's recapitalisation project.

"The Super League clubs have been informed this morning.

"Details of the offer remain confidential."

He said it was a move focused on the "globalisation" of rugby league with a view to ensure that rugby league in the UK and Europe is governed by an independent commission, similar to the set up of the ARLC.

ARLC Chairman Peter V'Landys is now understood to be leading the talks.