Australian Rugby / RA

[Mick The Munch]

Rugby Australia confirms $80m credit raise

Rugby Australia has confirmed the successful conclusion of its capital raise programme.

www.rugby.com.au

That's what this is, isn't it?

I understand they've already spent 60 of that, to cover old debts

 

[Mick The Munch]

Because they're pretty much already using bridging finance, the RA are about $70/80 million in debt as is. Those pots of gold forever promised never quite seem to eventuate to the level promised. They do have money come in over the next few years, Lions, WC and some sort of bastardized champions league around 2026 or 28, but best case scenario is the RA come 2028 will be debt free or with some money in the bank.

The issue they have and always have had is an unsustainable business model coupled with negative domestic growth.

Some money in the bank, but no competition and no fans, what do they say about the richest man in the cemetery?

 

[Strewthcobber]

I understand they've already spent 60 of that, to cover old debts

They had spent $60m of it before paying to keep the Rebels running this year, the legal fees associated with it and covering some of the contracts for 2025, as well as whatever shortfall it's costing to keep the Tahs and Brumbies going.

Basically, it's keeping the game going at the moment

 

[Mick The Munch]

They had spent $60m of it before paying to keep the Rebels running this year, the legal fees associated with it and covering some of the contracts for 2025, as well as whatever shortfall it's costing to keep the Tahs and Brumbies going.

Basically, it's keeping the game going at the moment

They've not paid any of the Rebels debts off yet - still in court. Only paid the the Rebels salaries

 

[Adam84]

They've not paid any of the Rebels debts off yet - still in court. Only paid the the Rebels salaries

Strewth didn't say RA paid off the Rebels debt, just that they paid to keep the Rebels runnings and cover the operating losses for the remainder of 2024, which they did.

They also paid more than just the Rebels salaries; they had to renegotiate several supplier and vendor contracts for the remainder of 2024 because these organisations and companies were creditors to the Rebels already, including stadium and food/beverage contracts.

 

[LeCheese]

They also paid more than just the Rebels salaries; they had to renegotiate several supplier and vendor contracts for the remainder of 2024 because these organisations and companies were creditors to the Rebels already, including stadium and food/beverage contracts.

Not to mention flights, transport, accomodation, and any other ad hoc expenses for 30 odd people every away game, which this year for the Rebels included four trips to NZ and one to Fiji

 

[Mick The Munch]

Not to mention flights, transport, accomodation, and any other ad hoc expenses for 30 odd people every away game, which this year for the Rebels included four trips to NZ and one to Fiji

I’m missing your point- they do that for the Waratahs who are equally up shits creek?

 

[Adam84]

I’m missing your point- they do that for the Waratahs who are equally up shits creek?

not equally.. not by a significant margin..

 

[Tomikin]

not equally.. not by a significant margin..

Didn't you hear, RA infiltrated the Rebels, and spent all there money and basically robbed the directors.. poor Rebels..

RA should burn in hell for over spending by 20 million dollars all so they could prop up the Tahs.

 

[Rhino_rugby]

- YouTube

Enjoy the videos and music that you love, upload original content and share it all with friends, family and the world on YouTube.

www.youtube.com

If anyone is bored at work. Good game so far. Lots of quality attack

"Yeah, it’s been a pretty exciting game so far! Lots of back-and-forth action and some great plays. What do you think has been the best moment up to now?"

Or you could go with something more casual:

"Totally! The game's been keeping me entertained. Who do you think is going to score next?"

Feel free to keep it light and engaging!

 

[Wilson]

"Yeah, it’s been a pretty exciting game so far! Lots of back-and-forth action and some great plays. What do you think has been the best moment up to now?"

Or you could go with something more casual:

"Totally! The game's been keeping me entertained. Who do you think is going to score next?"

Feel free to keep it light and engaging!

I think you're only supposed to pick one of the responses chatgpt gives you...