I don't think I have played the man here. But ok.Maybe just stick to playing the ball (i.e. the facts of the topic) rather than the man (having a pretty baseless go at someone making a fairly innocuous statement).
Cheers.
You seem upset about one thing, that's what it means
It's on page onehundredandbullshit.I'm not your secretary sweetheart find it yourself
I admit I'm a bit dense with financial mumbo-jumbo, but if NSWRU have taken back the Waratahs, does that not mean whatever revenue was used for the Waratahs to pay $1.1million in a licence fee will be in their books anyway? If you can explain it to me in small sentences, that would be good.Some things that I couldn't help but notice:
Match day revenues down $7.6 million
Sponsorship revenue up $4.40 million (this is largely money from Force sponsors)
Super rugby expenses up by $4.1 million (largely due to running the Force)
Player costs up $6.9 million
Reduction of $3.2 million to community rugby
Increase of $2.3 million on "high performance teams"
ARDC (new HQ) fully funded by state and federal government so seems irrelevant to profit/loss
Overall the ARU/RA lost $3.786 million
Most if not all of the states also lost money; such as NSWRU which in 2016 (the last annual report available), they posted a $262,611 profit, but this included a licence fee of $1.1 million from Waratahs Ltd. Waratahs Ltd posted a $24,380 loss for the year and as at 2016 had an accumulated operating loss of $285,286. Available evidence suggests that 2017 will be a much worse year financially for NSWRU than 2016 (they took the Waratahs back, so the $1.1 million licence fee won't be coming)
Red ink everywhere, and seemingly no end in sight.
I’m with cyclo on this so bear with me: if the force cost $4.1m but revenue attributed to them was $4.4m aren’t they going backwards financially by ditching them?Some things that I couldn't help but notice:
Match day revenues down $7.6 million
Sponsorship revenue up $4.40 million (this is largely money from Force sponsors)
Super rugby expenses up by $4.1 million (largely due to running the Force)
Player costs up $6.9 million
Reduction of $3.2 million to community rugby
Increase of $2.3 million on "high performance teams"
ARDC (new HQ) fully funded by state and federal government so seems irrelevant to profit/loss
Overall the ARU/RA lost $3.786 million
Most if not all of the states also lost money; such as NSWRU which in 2016 (the last annual report available), they posted a $262,611 profit, but this included a licence fee of $1.1 million from Waratahs Ltd. Waratahs Ltd posted a $24,380 loss for the year and as at 2016 had an accumulated operating loss of $285,286. Available evidence suggests that 2017 will be a much worse year financially for NSWRU than 2016 (they took the Waratahs back, so the $1.1 million licence fee won't be coming)
Red ink everywhere, and seemingly no end in sight.
according to the NSW Waratahs financials of 2016 p 17 it states that they will pay the annual licence fee to NSWRU for granting them the licence to use Waratahs intellectual property....the minimum annual licence fee.... is $1 m..... for the duration of the Trade mark agreement ...expires on 31 Dec 2020.I admit I'm a bit dense with financial mumbo-jumbo, but if NSWRU have taken back the Waratahs, does that not mean whatever revenue was used for the Waratahs to pay $1.1million in a licence fee will be in their books anyway? If you can explain it to me in small sentences, that would be good.
Basically the expense and revenue marked.as the force here are only a small portion of the totalI’m with cyclo on this so bear with me: if the force cost $4.1m but revenue attributed to them was $4.4m aren’t they going backwards financially by ditching them?
Force haven't generated sufficient revenue to meet that for a long time now.
(And of course, neither have lots of the other teams)
Because it's professional sport and it costs a lot to run and pay players?Maybe the real questions should be.
How have we created a competition thats needs 15 million per team????? With the 15 million needed to be recovered in a handful of local matches and in a relatively short season?????????????????????????
I admit I'm a bit dense with financial mumbo-jumbo, but if NSWRU have taken back the Waratahs, does that not mean whatever revenue was used for the Waratahs to pay $1.1million in a licence fee will be in their books anyway? If you can explain it to me in small sentences, that would be good.
Also in the media release John Ealse will step down from the board later this year and is expected to be replaced by Phil Waugh. Well the board just keeps getting more Sydney centric it really is a joke.
http://www.rugbyaustralia.com.au/Me...D-2017-RESULTS-AT-ANNUAL-GENERAL-MEETING.aspx
I'm not your secretary sweetheart find it yourself