Australian Rugby / RA

[Rebels3]

Concerns over Rugby Australia’s solvency have been raised by its accountants KPMG due to an additional $7 million owed to former sponsor HSBC, as a result of a currency hedging strategy. (The Australian)
How does a risk-avoidance strategy cause such a large debt? Please type slowly.

I have stopped clicking on Jessica Halloran articles. She only started writing rugby articles after the mass sackings, with her been one of the head of sports at NewsCorp she obviously has taken on rugby in her portfolio. Her only interest appears to be is driving clicks. She is now the no.1 attack dog on the game.

I’d much rather Wayne Smith, GeeRob, Beth Newman or well anyone else.

 

[Rugbynutter39]

I have stopped clicking on Jessica Halloran articles. She only started writing rugby articles after the mass sackings, with her been one of the head of sports at NewsCorp she obviously has taken on rugby in her portfolio. Her only interest appears to be is driving clicks. She is now the no.1 attack dog on the game.

I’d much rather Wayne Smith, GeeRob, Beth Newman or well anyone else.

I feel a bit battered more then usual as rusted on rugby fan - the whole Rugby Australia fiasco playing out just makes me feel bit sad for prospects for rugby.

 

[Derpus]

I feel a bit battered more then usual as rusted on rugby fan - the whole Rugby Australia fiasco playing out just makes me feel bit sad for prospects for rugby.

Same. It's like we got about 10 minutes of reasonably rugby and then just 10 big ol' bags of dick express delivered.

 

[shanky]

Concerns over Rugby Australia’s solvency have been raised by its accountants KPMG due to an additional $7 million owed to former sponsor HSBC, as a result of a currency hedging strategy. (The Australian)
How does a risk-avoidance strategy cause such a large debt? Please type slowly.

Without knowing the details, I suspect it's the Corona-inspired FX movement against the book value of the (undoubted) US$ denominated sponsorship/revenue Not all hedges are fully covered. Give these things are marked to market, it seems like a technical reason for the auditor to carry on like a pork chop

Needs a financial strongman on the board to fight back, like Wiggs or perhaps our own Braveheart

 

[Snowy]

Welcome to being a Western Force fan 2017 people - nothing makes sense and it all seems to be turning to shit - the signs were all there but everyone was busy looking after their on patch - carry on it will be fine LOL

 

[sunnyboys]

From SMH:
Murmurs out of telco Optus on Thursday suggested a further cooling of interest in rugby, leaving Foxtel as the code's only hope for a broadcast deal next year.
Senior sources said the company had been horrified by the governance fiascos of the past fortnight. Clarke's predecessor Raelene Castle quit suddenly after catching wind of the RA board's own cooling interest in her, and influential new director Peter Wiggs sensationally quit the board after a failed coup attempt. A damaging campaign for change launched by a group of former Wallabies captains also worried the game's former suitors.

 

[Pfitzy]

From SMH:
Murmurs out of telco Optus on Thursday suggested a further cooling of interest in rugby, leaving Foxtel as the code's only hope for a broadcast deal next year.
Senior sources said the company had been horrified by the governance fiascos of the past fortnight.

A lot of companies have stood up under crisis because their underlying systems and culture.

Rugby Australia has pretty much done as I'd expect because of underlying systems and culture.

 

[waiopehu oldboy]

Presumably the "Mission Accomplished" T-shirts are being made. Limited run of 10 so maybe a little pricier than your standard Made In Bangladesh T.

 

[Quick Hands]

Free of any personal prejudices....

in rugby officialdom?

I like to dream

 

[Quick Hands]

I have stopped clicking on Jessica Halloran articles. She only started writing rugby articles after the mass sackings, with her been one of the head of sports at NewsCorp she obviously has taken on rugby in her portfolio. Her only interest appears to be is driving clicks. She is now the no.1 attack dog on the game.

I’d much rather Wayne Smith, GeeRob, Beth Newman or well anyone else.

People here used to say the same sort of stuff about GeeRob. Don't shoot the messenger.

 

[Adam84]

The messenger can choose to tell the parts of the story they want to tell

 

[Rob42]

From SMH:
Murmurs out of telco Optus on Thursday suggested a further cooling of interest in rugby, leaving Foxtel as the code's only hope for a broadcast deal next year.
Senior sources said the company had been horrified by the governance fiascos of the past fortnight. Clarke's predecessor Raelene Castle quit suddenly after catching wind of the RA board's own cooling interest in her, and influential new director Peter Wiggs sensationally quit the board after a failed coup attempt. A damaging campaign for change launched by a group of former Wallabies captains also worried the game's former suitors.

Yes, RA has been a shambles. But isn't that par for the course for professional sports administration? The NRL has just finished its latest round of ritual CEO sacrifice, and in 12 months' time, either the clubs or News Corp will start white-anting whoever takes the role next. Soccer in Australia is never more than 5 minutes from crumbling into bankruptcy. The AFL is only saved from the same quagmire by the unquestioning worship of its thousands of supplicants, but there's plenty of questions to be asked there too.

I mean, if you're going to do business with a professional sporting code in Australia, you have to expect you'll be dealing with an organisation that will fall apart at least every 6 months. None of this is to excuse the embarrassing behaviour of RA over thepast few months. Shambolic.

 

[Quick Hands]

The messenger can choose to tell the parts of the story they want to tell

And the intelligent reader can sort fact from fiction from embellishment. Every single story you read or listen to on the radio or watch on TV involves the messenger telling the story the way they want.

Like I said, during the Link/Beale/Patston event many on here said that Fairfax and Georgina Robinsion were out to destroy the game. Now apparently she's the good guy and we've found a new bad guy who's out to destroy the game.

Before that Wayne Smith was an enemy of the people to the majority around here, now he's the fount of all wisdom.

All journalism has become heavily opinionated in the last decade or so, they're all looking for the sensational story.

 

[Derpus]

And the intelligent reader can sort fact from fiction from embellishment. Every single story you read or listen to on the radio or watch on TV involves the messenger telling the story the way they want.

Like I said, during the Link/Beale/Patston event many on here said that Fairfax and Georgina Robinsion were out to destroy the game. Now apparently she's the good guy and we've found a new bad guy who's out to destroy the game.

Before that Wayne Smith was an enemy of the people to the majority around here, now he's the fount of all wisdom.

All journalism has become heavily opinionated in the last decade or so, they're all looking for the sensational story.

Isn't journalism becoming progressively worse? what was yesterday considered terrible journalism is today considered acceptable.

Journalism's downward trajectory has been almost as marked as Rugby's.

 

[Quick Hands]

Isn't journalism becoming progressively worse? what was yesterday considered terrible journalism is today considered acceptable.

Journalism's downward trajectory has been almost as marked as Rugby's.

Across the board, whether it's politics, sport or anything else journalism long ago ceased to be an attempt to objectively report events to readers/viewers/listeners. Journalists by and large write opinion with bits of the story sprinkled in.

Working home lately has confirmed this. I've lost count of the number of times that I've heard politicians, scientists, sports administrators etc interviewed with the interviewer trying to catch them out rather than look for facts. Then in the following hour's news the newsreader puts a completely different spin on what was actually said. This is then repeated hour after hour and unless people have actually listened to the full interview, they are often presented with an opposite view of what was actually said.

 

[Dctarget]

Maybe it's more prevalent because of internet & has greater access but journalism and media has always been shite. All media we consume has already been through many, many filters before it reaches us regardless of left wing/right wing sources. If I could make the entire world read just one book it'd be Manufacturing Consent by Chomsky & Edward Herman.

 

[waiopehu oldboy]

^ part of the problem is that newspapers have pretty much done away with sub-editors so there's no-one to push back when the journo crosses the line from fact to opinion. Another problem is that some journos have also become "media personalities" who have to be "hard-hitting" and/ or "controversial" in order to build & keep a following whereas back in the day journos were journos & commentators were commentators.

 

[RebelYell]

Heard this on Big Sports Breakfast this morning, where the Optus rep said that basically they were never that close anyway.

Bad luck for all those who think any time that this has been reported, it's been a News Corp conspiracisy

 

[The Honey Badger]

Concerns over Rugby Australia’s solvency have been raised by its accountants KPMG due to an additional $7 million owed to former sponsor HSBC, as a result of a currency hedging strategy. (The Australian)
How does a risk-avoidance strategy cause such a large debt? Please type slowly.

Do you have any bigger fonts in your computer?

We are all old and blind on this site.


How in the name of fortune does a sporting code owe anything to a former sponsor?

 

[Derpus]

So where are we all gunna post shit when Rugby goes under? I don't really frequent any other forums.