BREAKING: Pro12 release first official statement on 'Pro14' talks

The Pro12 have released their first official statement regarding the entry of two new sides into the competition.

On the website, a statement read: "Celtic Rugby can confirm that advanced & positive discussions are taking place with the South African Rugby Union regarding the introduction of 2 teams into an expanded Guinness PRO12 Championship.

"Given the proximity of the 2017/18 season start, a final decision on this potential expansion will be confirmed as soon as practical."

Yesterday BBC Scotland are reported that the Pro12 will be confirmed as a new Pro14 competition with the entry of the two culled South African Super Rugby franchises.

The BBC report that the deal will be worth in the region of £6 million per year to the league through both TV revenue and through the South African Rugby Union.

Both the Cheetahs and the Southern Kings were officially discarded from the Super Rugby tournament early this month.

While it is yet to be confirmed, it is expected that the new layout will see two conferences of 7 teams, who will play each other both home and away. Each team will play all teams from the other conference at least once, bringing the total number of regular season games to 19.

The top teams from each conference will then play-off against each other to be crowned Pro14 champions.