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I don't see how even a salary cap of $2m works - do any of the franchises revenue [not including RA payments] anywhere close to the current $5.5 salary cap (not including coaches salaries, travel costs etc.)? In which case, Super Rugby is simply being bank rolled by RA, which they can't afford? Numbers...

There are better players in many positions (not just props).

Do we know (as much as we can) if the Roosters have denied any offer? If so, I want to play poker on same table as RA....oh no, you were bluffing again - darn it.

Hahahaha - $533.333333....k per year not bad though. But not as good as $900k per year of course.

38 to 31 East's over Uni when I left with 30s on the clock left.

Saracens vs Harlequins with 61,000 supporters at the Tottenham Hotspur Stadium....one sided game unfortunately.

Teddy Wilson was on fire, Harry Wilson was strong (@15), Jack Bowen was disappointing.

Jack Bowen, Teddy Wilson and Harry Wilson all playing 1st Grade for Easts vs Sydney Uni tomorrow. Easts 1sts Colts just put 40 points on Sydney Uni Colts tonight - collective BackRow Masterclass from Easts.

From my experience of friends in UK and Ireland, they are not as acutely aware of the political Rugby problems in Australia - they clearly know Australia sit 10th the global standings, but having the Lions come out and win 3-0 is what they want - albeit with some small resistance. I am being...

Geo restricted I believe - nothing a VPN can't solve. No need for an Aussie Credit Card though, and the address thing is a joke as can be made up as all tickets are mobile now.

RA's decision now they own the Waratahs? He should be allowed more games, but I'd like to see a different attack coach.

https://brumbies.rugby/news/match-highlights-act-brumbies-runners-v-nsw-waratahs-a-2024316 Looks like poor attacking ruck management from the Waratahs at the end of the game - pinged for not releasing.

Looking forward to watching the game at SFS tonight - get a different perspective from TV Cams.

"If there was a substantially better option out there I think they would have taken it." Assumptions can lead to the mother of all fcuk-ups - I'll leave it there as this is not a financial engineering forum. Fingers crossed....

Finger in the air - secured against future receipts - 10% - but you would probably need to issue over 150m in debt obligation to attract investors. I have seen riskier grade bonds, secured against less, pay similar - 2 to 3 year maturity.

While RA have the drawdown - it is not clear what the repayment requirements are - theyy might be able to roll the interest up. They would have been better off going to the Capital Bond Markets and issue a coupon paying bond with payments secured against future receipts - that way any default...

I think it works out at 15% - an extra 3% hair on top. Not sure what the previous loan rate was - RA used 40m of the drawdown to pay that off, so they have one consolidated loan now. Annual interest running cost will be around 7.5m - more than it costs to run a Super Rugby Team for a year - rises more...

Agreed - sounds in theory like a nice clean slate. In reality it will be a nightmare scenario.

Indeed - Gleeson played like he had a bar of soap in his hands.

Waratahs #10 played a classy game tonight, and he also over performed in the interview. Thought Waratahs #20 made a huge difference when he came on - #8 needs to stop playing with a bar of soap though!