The Ospreys have moved to counter speculation about the region’s future, saying talk they have offered the Welsh Rugby Union a 50 percent stake in the region is untrue.
There have been online suggestions that the Llandarcy-based region could go 'bust' without a new arrangement with the governing body.
But such an idea has been emphatically knocked back.
Read more: Today's rugby news as English rugby devastated and Wales veteran to fight off youngsters
The Ospreys were unimpressed at reports in the spring that they and the Dragons could be in the firing line amid the leaking of the Oakwell report into Welsh rugby finances.
And they are vexed again at the potentially destabilising idea that they are sending out major distress signals amid the crisis that's gripping the whole of the pro game this side of the River Severn.
"These rumours are completely false and unfounded,” said former chairman Robert Davies.
“The truth is we haven’t asked to borrow money.
“Why should we offer the WRU 50 percent? Nothing could be further from the truth.
“Other regions may be looking for financial solutions. We are not.”
That said, the Ospreys, in common with the other professional sides in Wales, are anxious that a fresh, overarching arrangement be set in place for the pay-for-play game in Wales after years of strife and concern over finance.
So far, a deal has yet to be achieved between the Welsh Rugby Union and the professional sides, with negotiations conducted through the Professional Rugby Board, the organisation made up of representatives from the governing body and the Ospreys, Scarlets, Cardiff and Dragons.
The impasse has led to a freeze on player recruitment in the professional game in Wales and new deals on hold and teams not knowing future budgets. Despite positive talk from some, a solution has proven elusive.
A deal has been mooted which would increase the regions’ money but it’s one that could saddle them with more debt and put a major burden on benefactors.
“Of course, we want these matters resolved,” said Davies.
“But the solution has to be a fair and satisfactory one for all concerned.
“Negotiations are ongoing. We need to have some vision here. Professional rugby is hugely important and it’s vital that suitable arrangements are set in place to enable it to go forward.”
READ MORE:
Louis Rees-Zammit misses Wales captain's run as Pivac hopes plans won't be blown apart again
Sam Warburton turned up to his old school at the wrong time and got absolutely mobbed
Bristol Bears 31-12 Cardiff Rugby: First-half flurry inspires victory for hosts
