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Australian Rugby / RA

Adam84

Adam84

Rod McCall (65)
Mick The Munch said:
"The fact the Waratahs were under significant financial stress was a major factor, and though Doorn denied the franchise was insolvent, that outcome was a matter of when, not if. " "November 10, 2023 The Age.

Nek Minit

"Exclusive: 'Seismic shift' as Waratahs to hand over keys to RA in boost to reform push - others to follow" 5th October, 2023 - The Roar
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you can't say 'Nek Minit' and then jump back in time...... that's not how the expression works
 
Strewthcobber

Strewthcobber

Simon Poidevin (60)
First I defended RA and now the Tahs FFS.

Understanding the real financial situation, and finding a solution to ensure your loss making organisation can continue to operate without insolvent operations is probably one of the only good management practices at the Tahs you could point to.
 
Derpus

Derpus

Nathan Sharpe (72)
stoff said:
I love the hubris of fans from franchises who haven’t published an annual report since 2022 (which clearly showed they were on their arse), but delight in being able to point to the scale of the rebels insolvency because it hid their own smaller financial failure.
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Its stupid to be pointing fingers at each other when Super Rugby is the problem. But I suppose being rational is pretty fucking boring.
 
The_Brown_Hornet

The_Brown_Hornet

John Eales (66)
Looks like the NRL bid to expand West is dead for the moment.

The headline on WA Today is: Western Bears bid is dead: NRL severs ties with consortium after "low ball" proposal.
 
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stoff

stoff

Trevor Allan (34)
Tomikin said:
There's no delight in seeing the Rebels go under, it's a tragic end, I didn't want. But maybe they say something when they were in 1 million debt not 20 and you'd still have a club to support. But the only thing that has come out is it's always someone else's fault...
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That does ignore the fact that at the time of the insolvency RA took back the IP and player contracts for the Rebels. Complete control for season 2025, no attached debt, still shut down.
 
Adam84

Adam84

Rod McCall (65)
stoff said:
That does ignore the fact that at the time of the insolvency RA took back the IP and player contracts for the Rebels. Complete control for season 2025, no attached debt, still shut down.
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Not quite; Rebels only played out the 2024 season because RA negotiated with the appointed administrator to cover any operational losses through the 2024 season, agreed upon because it was in the best interest of the existing creditors, they couldn't continue this model indefinitely without addressing the issue of a $23 million debt though. They also couldn't just phoenix the club and no attached debt, especially given the ATO was one of the largest creditors and is on the lookout for this kind of activity these days.
 
The Ghost of Raelene

The Ghost of Raelene

David Codey (61)
The_Brown_Hornet said:
Looks like the NRL bid to expand West is dead for the moment.

The headline on WA Today is: Western Bears bid is dead: NRL severs ties with consortium after "low ball" proposal.
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Won't be dead. They'll shake the tree for more of that sweet sweet cash the NRL swims in these days. They want more teams for TV. PNG has government money (for now) but they know it'll be a shit show. Perth ticks a geographic box and TV slot for them.


Rebels were not in the same boat at the Brumbies or Tahs. Broke sure but all the sides are. Reds keeping the head above water right now but we've seen them go to shit before. Rebels had Daugunu not play because they hadn't paid his relocation allowance, the ATO coming after them and they hitched their wagon to Paul Docherty who is turning out to be a bit of a chaos merchant to put it nicely. I'm sure the people at Hood AI who got told they'd only get 40% of their December Salary 5 days before Christmas wish they had an RA to step in and run it for the rest of their term.
 
Slim 293

Slim 293

Stirling Mortlock (74)
This should generate some traffic...

The secret $4 million clause in Joseph Sua'ali'i’s Rugby Australia contract​

Joseph Sua'ali'i’s monster three-year deal with Rugby Australia includes a secret $4 million clause that could extend his time in rugby union until the end of 2029.

Rugby Australia last year announced that the sport had secured the services of Sua'ali'i on a record-breaking three-year contract worth a reported $5.3 million to lure the then 19-year-old away from rugby league.

Sources with knowledge of Sua'ali'i’s deal speaking on the condition of anonymity due to confidentiality have told the Herald that the deal struck with former RA chairman Hamish McLennan, and signed off by the board, also includes a two-year player option.

The option, secured by his agent Isaac Moses, allows his client the right to trigger a further two years on his contract if he chooses, and is worth at least the amount of the third season of his deal, taking the contract value to more than $8 million over five years.
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https://www.theage.com.au/sport/rug...rugby-australia-contract-20241008-p5kgtp.html
 
Mick The Munch

Mick The Munch

Bill McLean (32)
Adam84 said:
Not quite; Rebels only played out the 2024 season because RA negotiated with the appointed administrator to cover any operational losses through the 2024 season, agreed upon because it was in the best interest of the existing creditors, they couldn't continue this model indefinitely without addressing the issue of a $23 million debt though. They also couldn't just phoenix the club and no attached debt, especially given the ATO was one of the largest creditors and is on the lookout for this kind of activity these days.
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Let's how the court case shakes out (if/when it happens)
 
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