It's amazing that the PRL and to a lesser extent Frances equivalent want to destroy a competition which has no rival in world rugby. It's draws are numerous, but imo an important one is its diversity. Take that away and you're at risk of producing a very one dimensional and rather boring competition, even if the teams taking part are of a high quality. I'm sure fans would prefer to play a team from France one weekend, followed by one from Ireland etc.
It seems that the PRL in particular are only concerned about the short term, that being the big money offer made by BT. But I can't see that being a sustainable thing long-term, or at least it doesn't have the long term potential of the Heineken Cup which includes Ireland, Wales, Scotland and Italy. The reduction in viewing figures is rather straight forward (the thing Sky/BT are interested in) as they will lose the millions of viewers tuning in from the Celtic and Italian countries.
I fully support the changes in qualification from the Pro12, although we deserve more than an equal representation given that the Pro12 is made up of four nations, but qualifying on league position would benefit both the HC and the Pro12. Glasgow and Treviso are good enough to finish in the top 8 already, so I don't necessarily think there's a need to make a rule that stipulates a minimum of one team from each nation. Whilst there could be years without Italian representation in the short term, I don't think it will be long until that won't be the case.
How the money is split is a difficult one. On the one hand England and France have more teams involved, but that's a bonus in itself, with more chance of success. Cut the funding to the other countries and all that's going to happen is weaken those sides, especially the Welsh, Scottish and Italian ones, which in turn affects the HC. So again I think that's short sighted greed, with rich English and French clubs only thinking about themselves. If they think a little about the longer term, having more financially stable Welsh, Scottish and Italian sides will increase the competitiveness of the HC, making it more alluring to supporters and drawing more viewers = more money for everybody. Surely the ultimate goal would be to have every team taking part as strong as possible, and all challenging each other, that won't happen if England and France get a bigger slice of the pie.
In all honesty, I have nothing nice to say about the PRL in the slightest. They are a self centred organisation, who seem to have no care about the wider rugby landscape, or even the players they supposedly represent (OK they technically represent the English clubs, but that involved representing the clubs players as well imo). Their stance on the release of players for international duty is akin to holding international unions to ransom, and they've taken a similar approach to the HC.
This whole thing is a complete farce, and if we end up loosing the HC because of it, imo the best rugby competition in the world (it's competitiveness trumps the Super 15), then I will be very, very angry.
Edit. Currently the revenue is divided with 52% split between the four Pro12 nations and 24% each to England and France. How the hell is that unfair? They already receive almost twice as much as each individual Pro12 nation. They wanted instead for each of the Pro12 nations to receive just 8.25%, with their cut rising to 33% each (so 4 times as much). Yeah that seems perfectly fair!!!!!