News last week the appointment of a chairman and a director general have had to be put on hold for the time being offered a timely reminder of the difficulties faced in satisfying the diverse interests of the stakeholders on the board of European Professional Club Rugby (EPCR), says Donal Lenihan.

Guinness Pro12 title holders Leinster will entertain Wasps in round one, the London club having qualified through the new play-off system at the end of last term.

UBS, Europe’s largest bank by assets, has reported record fourth-quarter profit, after a gain from the sale of four money-management units, and said it may make acquisitions to win more wealthy clients in the US.