Key topicsGlobal Rugby overhaul: R360 is a new elite rugby union league launching in 2026, modelled on F1 and the IPL, with matches staged across major world cities.Big money & star power: Backed by Premier League, F1 and NFL team owners, R360 offers players over £1 million a year, plus wellness and career support.Sport meets entertainment: Each event combines rugby with concerts and fan festivals, aiming to grow the sport’s global audience beyond traditional followers..The BizNews Rugby newsletter is sent out weekly by Rory Steyn, host of the BizNews Rugby podcast. Sign up for the weekly newsletter here to get the latest BizNews Rugby updates.Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.Support South Africa’s bastion of independent journalism, offering balanced insights on investments, business, and the political economy, by joining BizNews Premium. Register here.If you prefer WhatsApp for updates, sign up to the BizNews channel here.The auditorium doors will open for BNIC#2 on 10 September 2025 in Hermanus. For more information and tickets, click here..By Patrick Kidd.Listen to this story instead:.A transformative new rugby union competition, R360, is poised to launch in 2026, drawing significant attention from Premier League, Formula 1, and NFL team owners. This grand prix-style league aims to revolutionize the sport by combining elite rugby with entertainment, inspired by the formats of Formula 1 and cricket's Indian Premier League.Key features of R360Global Franchise Model: R360 will feature eight men's franchises and a centrally managed four-team women's competition. Each round of the 14-week season will be hosted in a different major city worldwide, including venues like Tottenham Hotspur Stadium in London, the renovated Nou Camp in Barcelona, and stadiums in Los Angeles and New York.Entertainment Integration: Beyond rugby matches, each event week will include concerts and entertainment activities, aiming to create a festival-like atmosphere to attract a broader audience.Player Welfare and Compensation: Top players have signed conditional contracts, with the league promising salaries exceeding £1 million annually, along with mental health support, career training, and provisions for family travel. This compensation package is notably higher than current earnings in the sport.Strategic Scheduling: The league plans to operate from April to June and August to September, deliberately avoiding clashes with international fixtures to ensure player availability..URC quarter-final drama: Class, shenanigans, booing, and the rest.Organisational and financial aspectsLeadership team: The executive team includes England World Cup winner Mike Tindall, former Bath player Stuart Hooper, and Mark Spoors, a former agent with experience in rugby management. John Loffhagen, known for his work with the IPL and LIV Golf, serves as the head of legal.Investment and ownership: While R360 has not secured backing from sovereign wealth funds like Saudi Arabia's Public Investment Fund, it has attracted interest from major sports franchise owners and has secured sufficient funding to proceed.Impact on existing leagues: The emergence of R360 is part of a broader transformation in rugby, with the Premiership exploring franchising and plans underway for a Club World Cup in 2028. There are concerns about the potential impact on domestic leagues, as R360 aims to position itself as an elite global competition..BizNews Rugby: Juan de Jongh and Rudy Paige ruck and roll through URC insights and career reflections.R360 represents a significant shift in rugby union. It aims to modernise the sport and expand its global appeal by combining high-level competition with entertainment and strategic planning.With major sporting heavyweights circling and domestic leagues on alert, the global game stands at a crossroads, and rugby may never look the same again..This article is a précis of a piece originally published by The Times. You can read the full story here.