mst
Peter Johnson (47)
^^I hope so, but I see no tangle benefit other than the dust settling.
I was a little taken aback when it was reported that the ACT Government was aware and assisting with the resolution of outstanding issues around the alliance agreement and it was un-finalised 3 years after it commenced.
The individuals were most likely representing the best interests of their respective organisations (of which the details around some of the issue is allegedly in the suppressed KPMG report).
It was inevitable the Brumbies would have to settle with whatever UC and the ACT Government wanted after pre-paying rent and having no binding agreement to protect themselves and no money or option to go elsewhere.
The agreement serves little purpose than bind the Brumbies to UC's whim as they have no capital or investment and are now fundamentally dependent on the ACT Governments decisions as are UC in part.
In respect of the SANZAAR linked issues, the agreement actually significantly limits the growth and investment future of the Brumbies which is another consideration going forward. If the Brumbies were offered free premises anytime within the 30 years agreement period, would they get any of the "pre-paid" rent back or is it more dead loss?
At some point the pre-paid rent, and financial attributes around it will come under scrutiny as the Brumbies have never had sufficient funds to pre-pay 30 years of rent in advance.
I was a little taken aback when it was reported that the ACT Government was aware and assisting with the resolution of outstanding issues around the alliance agreement and it was un-finalised 3 years after it commenced.
The individuals were most likely representing the best interests of their respective organisations (of which the details around some of the issue is allegedly in the suppressed KPMG report).
It was inevitable the Brumbies would have to settle with whatever UC and the ACT Government wanted after pre-paying rent and having no binding agreement to protect themselves and no money or option to go elsewhere.
The agreement serves little purpose than bind the Brumbies to UC's whim as they have no capital or investment and are now fundamentally dependent on the ACT Governments decisions as are UC in part.
In respect of the SANZAAR linked issues, the agreement actually significantly limits the growth and investment future of the Brumbies which is another consideration going forward. If the Brumbies were offered free premises anytime within the 30 years agreement period, would they get any of the "pre-paid" rent back or is it more dead loss?
At some point the pre-paid rent, and financial attributes around it will come under scrutiny as the Brumbies have never had sufficient funds to pre-pay 30 years of rent in advance.