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Its hard for anyone to guarantee funding given no-one knows how much money will be in the game post 2025 - that's not an issue unique to the Rebels. What happens to the Brumbies or Reds in the event that TV revenue falls off a cliff but they are still locked in to paying 95% of the salary cap...
To date myself, Tamati was same year as me at school - played against him. As I recall it back then, Ewen McKenzie was the great Victorian success story that we all knew about, Andrew Heath got to the wallabies whilst I was a schoolboy and that was huge. Tamati got to Aus A, but it was mainly...
It will be like the old days. If you want success you move up to Sydney or Brisbane to finish school and get on a professional pathway up there (ala Digby Ioane, Lloyd Johansen, etc). The academies down here will drop in standard as the best leave making them less viable pathways. We go back to...
There is a provision to commence legal action against RA for the alleged debts regardless of the outcome with the ATO. The funds recovered will be used to bring the creditors other than the excluded creditors (the directors) up to $0.35 in the dollar. All money recovered above that goes to the...
https://www.theage.com.au/sport/rugby-union/melbourne-rebels-to-continue-fight-for-survival-after-winning-rescue-bid-vote-20240503-p5fopj.html
Its done. Apparently a tied outcome so the administrator had to split it. ATO did not support.
RA’s only task now is to avoid blowing $50m (loan balance plus cash in hand, less required cash balance under the loan) between last 1 Jan this year and when the Lions cash starts to roll in so they can pay down their debt and not lose control of their IP to Pacific Equity Partners. Within that...
https://www.theage.com.au/sport/rugby-union/sports-minister-raised-world-cup-final-in-phone-call-to-rugby-boss-20240501-p5fo1l.html
I love how full of it the RA spin people are.
The administrators report and DOCA is published here: https://insolvency.pwc.com.au/singleEntityCases/melbourne-rebels-rugby-union-pty-ltd-administrators-appointed/casePage
The DOCA is a two part offer (initial 15c on the dollar and employee entitlements covered), with the second phase (an...
Could you just piss off and let us enjoy our footy for a while after we win without feeling the need to remind us about what the future holds. You’re history on here shows you to be a petty, vindictive troll - maybe worry about the shitshow in your own backyard for a while.