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By Matthew Southcombe

Welsh rugby bosses appear to have ruled out the prospect of axing one of the four regions as talks continue over the game's future in Wales.

A crunch meeting was held on Wednesday when a bombshell report into the way forward for the Welsh game, which included a proposal to get rid one of the pro teams, was up for discussion. The WRU-owned Dragons and Ospreys, who do not own their own stadia, were the sides in the firing line.

The Professional Game Board - on which representatives from all four regions and the WRU sit - met to assess the various recommendations in the report compiled by Oakwell, which assessed the 'strategic options' available to improve the sport.

READ MORE: Welsh rugby's full-blown crisis explained

Since details from the report emerged last week, there had been silence from those running the game in Wales. But the PRB issued a brief statement on Thursday afternoon stressing their commitment for the 'four regions continue to play important roles.' Though the words do not acknowledge the plans to axe a team, they appear to signal the Board's intent for four regions to remain.

The statement read: "The Professional Rugby Board (PRB) met yesterday, Wednesday 11th May, to continue discussions to further develop its strategy for a sustainable and ultimately successful professional game in Wales.

"The PRB is committed to working together to ensure all four regions continue to play important roles in the professional game. We will meet further over the coming weeks to ensure the strategy protects and grows our game and remain committed to communicating further progress to all as soon as appropriate."

The PRB is comprised of Alun Jones (Cardiff Rugby), David Buttress (Dragons), Nick Garcia (Ospreys) and Simon Muderack (Scarlets), WRU CEO Steve Phillips, WRU finance director Tim Moss and two independent members - Malcolm Wall, who is chair, and Marianne Økland.

The ultimate power, however, is with the WRU Board. They would need to rubberstamp any recommendation put forward by the PRB and could choose to go in a different direction of travel.

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Dive Deeper:
Rugby evening headlines as World Rugby confirm five new laws and Shaun Edwards' son becomes elected councillor
The rugby news on the evening of Thursday May 12
What happens at Welsh rugby's biggest meeting for years and the people who will decide the future
The Professional Rugby Board will meet to discuss the findings of a bombshell report into the finances of the game…
Today's rugby headlines as seismic call to axe a region discussed on most important day for Welsh game in many years
The latest rugby news from Wales and the rest of the world on a hugely significant day which will shape…
Bullish Dragons chairman David Buttress riles against 'rubbish' Welsh rugby claim and fires warning as future is thrashed out
Buttress was speaking for the first time since shock proposals to slash a Welsh region emerged
One subscription that gives you access to news from hundreds of sites
'The b******s!' Jiffy's bombshell, threats of legal action and the moments that shook Welsh rugby
Welsh rugby is never far away from a ground-shaking episode
Former Welsh rugby boss David Moffett calls for three clubs to replace regions he introduced in live radio attack on WRU
The former WRU CEO wants three club sides to replace the current regions amid talk of one of them being…
Get all your news in one place