The four "home" rugby football unions the bodies that govern rugby union in England, Wales, Ireland and Scotland have joined together to mandate Warburg Dillon Read (WDR) to look into the possibility of securitizing future television, sponsorship and advertising income, a WDR official confirmed.

WDR has started to examine how a deal could be structured and precisely what assets would back it, but, while discussions are still in the early stages, the bank considers such a transaction perfectly possible, the official said. Any deal could be for as much as GBP500 million ($803 million).

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