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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...

He’s a friend of the Australian game if we wants the ABs weakened.

Hasn’t worked for the tahs

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.

It’s in RA’s to play nice though - fool me once etc

But they also don’t need to accept it either. Likely a substantial breach of contract and renegotiate if they see they can make money with an entity with very few options and a trashed wallaby brand post World Cup.

Whose participation claims aren’t. My local club claims 5,700 players across junior and senior leagues. I also cant think of many people I know who don’t play, used to play, or have a kid playing. There are such low barriers to entry.

But built of massive junior participation all year round. Their audience was there, they just had to capture it.

Assuming it takes a couple of years as primary kicker to rack up 100 points, and 9 of the top 11 are kickers, it seems about right from a kicker perspective - you can see the lineage in the list. There’s also 3-4 dominant try scorers in there. How many more should we have?

When are Brett Papworth and Bob Dwyer due to chime in?

The number does vary a bit, but the theme is consistent. https://www.watoday.com.au/sport/rebels-set-wednesday-deadline-for-ra-rescue-plan-discussions-20240305-p5f9xy.html...

I’m not - I can read financial statements.

Waratahs 2023 annual report. For clarity not the NSWRU annual report. That and the newspaper alleged $6m Waratah debt to be funded by RA.

The second group you mention would be the other beneficiary - at the moment they’re not going to get a cent. If a DOCA gets up because the Rebels directors get some money out of RA then they’ll see something. I’d expect in that situation the director loans would be written off - that is the vibe...

They personally tipped in as much cash to keep the Rebels going (as non-owners) as RA did to keep the Tahs afloat this year. I’d put it more like ‘rules for some’, but yeah basically. If NSWRU has money and assets, why were the Tahs centralised with RA absorbing their debt? One set of...

Think you’re looking at the wrong report there. Waratahs had $1.5m in equity before being $6m in debt the next year.

Yet the Waratahs are bailed out whilst not being able to run a team without burning cash in the biggest rugby market in the country and no-one seems to have a problem with it because the boys club just got on with jumping in and quietly saving them.

If the assertions on the debt are true RA have run through: $40m in Ares loan repayments $6m Waratah debt $4m possible Waratah costs this season (as per SMH reporting) $4m to operate the Rebels this year (assume similar cost to tahs) $8m Interest on the above $54m So $62m to the end of 2024...