Browne added the IRFU may seek outside consultants to carry out a review of Ireland's pool-stage exit.

BBC: O'Sullivan's future 'threatened'

The Azzurri finished fourth in the tournament last season after winning two of their five games, but they flopped at the World Cup with a group stage exit.

BBC: Parisse handed Italy captaincy

The alternative is to take on significant dilution from later stage investors to carry these projects forward without a partner in the hopes of a bigger exit or IPO.

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