The Fiji Rugby Union says it has no knowledge of sponsorship negotiations being conducted by former national sevens coach Ben Ryan aimed at entering a Pacific team in the Super Rugby competition.

Ryan told Britain's Daily Telegraph he has secured promises of more than $35 million to fund the project which he hopes will end the player drain from the Pacific Islands.

However FRU chief executive John O'Connor told the Fiji Village news website Wednesday that the union is not party to the negotiations and Ryan is not acting on the FRU's behalf.

Ryan's plan includes the construction of a stadium at Denarau near the major city of Nadi.

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O'Connor said the FRU has its own plans for a stadium which it has already flagged with World Rugby.

The Daily Telegraph understood that more than four global companies and two leading kit manufacturers had pledged to fund the proposal - to create "the best club side in world rugby" on the island.

The new team, which could be operational by 2018, would be based in a new 20,000-seat stadium included in plans to develop the Port Denarau Marina.

Ryan, the Englishman who guided Fiji to their historic first Olympic gold medal when they defeated Great Britain in the sevens final in Rio, said the move would be a "world game changer". Some 19 per cent of professional players worldwide are Pacific Islanders or of Pacific Islands descent, the Daily Telegraph reported.

"I believe the impact of this plan would see Fiji win the World Cup one day," said Ryan. "We have shown in sevens what we can do. And if you just look at the impact the Fiji players are having on the tier one countries, they are their star players in New Zealand, Australia, England and France."