MS Chairman David Pickering brought in fellow MS board member Lord Faulkner of Worcester, a former deputy chairman of the Football Trust, to help broker the new deal and his expertise played a key role in ensuring the two parties resolved their differences to enable the FIFA 2006 World Cup qualifier between John Toshack's Welsh side and England to go ahead as planned on 3 September.
"Richard's wealth of football and negotiating experience not only enabled us to resolve our contractual row regarding costs for recent FAW games staged at the Millennium Stadium, but also allowed both sides to further cement their relationship with a revised deal that removes any potential areas of dispute for the remainder of our partnership," said Pickering.
"Richard, Alan Hamer, the WRU Group Finance and Administration Manager, and I met with the FAW General Secretary Dave Collins and his Management Board to conclude the matters and both parties are pleased with the outcome.
"It means we both have a better relationship moving forward, the stadium can expect a cheque within seven days and football fans can look forward to coming to the Millennium Stadium on 3 September to watch Wales play England on Welsh soil for the first time in 21 years.
"All sides now have the security they were seeking and, speaking on behalf of the Millennium Stadium, I am delighted that one of our most important tenants has confirmed its commitment to use our world class facilities on a long term basis."
Under the terms of the new contract, the Millennium Stadium will receive a minimum guarantee from the FAW for hosting each fixture. In return, the Millennium Stadium will provide sales expertise to help the FAW maximise ticket and hospitality revenue.
The Webb Ellis Cup visited Lampeter on Monday to recognise the fact that the town is celebrating a major milestone as it is believed the first ever game of rugby played in Wales, was in fact played in Lampeter 150 years ago.
Cardiff Blues U18 Girls will go into Sunday's Gemau Cymru with an extra spring in their step after Welsh internationals Elinor Snowsill and Philippa Tuttiett offered some last minute tips at a training session earlier this week.
Rob Howley and Josh Lewsey addressed more than 250 community club coaches and referees at the first WRU National Community Conference on the weekend. The volunteers benefitted from coaching masterclasses and workshops in a bid to connect all levels of the rugby pathway in Wales.
UEFA has today confirmed the Football Association of Wales (FAW) has been successful in its bid for the Millennium Stadium to host the 2017 UEFA Champions League Final on Saturday 3rd June, 2017 (kick-off: 19.45hrs GMT).
The winners of a filmmaking competition organised by the education charity Into Film and the WRU enjoyed a behind the scenes tour of the Millennium Stadium - and a chance to be photographed with the WRU's fire-breathing, rugby loving mascot, Scorch The Dragon, and Welsh international, Jake Ball.