Brumbies 2024

[WoodysRFC]

Fair enough.

 

[Scooter]

Tualima signs 2-year contract with Brumbies

brumbies.rugby

Not many Rebels have signed with the Tahs at this stage.

 

[whitefalcon]

Likely waiting for the announcement of who the coach will be

 

[Slim 293]

I think they now know…

‘I’m motivated’: McKellar confirmed as new Waratahs coach

The former Brumbies coach, who recently stood down from his job at the Leicester Tigers, is set to replace Darren Coleman at the embattled NSW franchise.

www.theage.com.au

 

[Slim 293]

'Hostile takeover' to 'respect': Brumbies, RA work on finance rescue deal

The Brumbies and RA are working collaboratively on a new deal.

www.canberratimes.com.au

In what looms as a landmark moment for the Brumbies, it can be revealed officials have been working with head office for several weeks to find common ground and potentially hand the keys to Rugby Australia.

It was an unthinkable scenario less than a year ago, when Brumbies board members and Rugby Australia chief executive Phil Waugh traded verbal barbs at a tense meeting in the capital.

But what was an all-out war and a "hostile takeover" has transformed into a workable relationship, which is set to see Rugby Australia and the Brumbies collaborate instead of working against each other in a semi-centralisation move.
The finer details are still being worked on and the Brumbies are expected to operate as business as usual even if they come under the one banner.

The Brumbies have been seeking guarantees for the past 12 months that the club would remain in Canberra and a long-term participant in Super Rugby. It's understood Rugby Australia has given that guarantee, paving the way for the parties to work on a productive solution.

 

[Adam84]

When are they Brumbies going to publish their annual report from 2023? They've been eerily quiet on the financial results and current situation.

Might explain, among other things the turnaround in welcoming a rescue package

 

[Tomikin]

Or maybe as the article suggests, they have now got assurances that they'll have a team in canberra, and now are talking through it.

You love to have a dig, whenever you can. Mostly I know it's because you can't beat us on the pitch.. you where the one giving Lynagh credit in Wright's try.. Nearly as bad as saying Kellaways two minutes late underline helped.

They'll release it when there ready, and I'm sure there not hiding it. If you really want NSW and Qld can be the only teams left, and you can all circle jerk together.

 

[Adam84]

Lol, lay off the bourbons.

Reds and even Tahs posted their annual reports long ago, Brumbies have previously announced it around December at the AGM, but all quiet on this front, it has been 9 months now and they haven’t published their reports or announced an outcome.

like Victorian Rugby failing to post their annual reports, no news isn’t good news. Seems by this response it’s a sore point, but a bit of transparency would be good given the rumours of financial difficulty in the capital and whats occurred this year already .

 

[Adam84]

managed to read the article without paywall, it talks directly about failing to lodge the annual report and reasons why..


“The Brumbies have been feeling the financial strain for some time and there were genuine fears the club would go bust if it was unable to secure a private equity deal or Rugby Australia help.

The Brumbies are yet to lodge their financial records for last year because of the tight operating constraints, but it is hoped any alignment deal with Rugby Australia will allow the club to complete its annual general meetings.

"We're still in discussions with them, we're trying to find solutions," said Brumbies chief executive Phil Thomson.

 

[Tomthumb]

This does not sound good

 

[LeCheese]

I'm not quite following why operational constraints would stop them from releasing their financial reports and holding AGMs? Is bad press / letting people behind the curtain an operational constraint now?

 

[Strewthcobber]

Director's have to sign off on the accounts

 

[Tomthumb]

So they aren't solvent?

 

[Strewthcobber]

Not necessarily. (Yet)

 

[Tomthumb]

Jeez, not looking good

 

[Wilson]

While the report is un-issued it's Schrödinger's Solvency.

 

[Scooter]

The off field performance of rugby across Australia is a concern.

 

[KOB1987]

It is Scooter but it exemplifies that the Super Rugby model is busted in its current iteration. The sum of revenue from broadcast, sponsorship, ticket sales, membership and merchandise is not covering costs. Despite being the best team the Brumbies suffer from being located in a place where not enough people live, the Waratahs are the opposite, there are plenty of people but the on field performance is shit. Qld are in the best position currently because they are going ok and they own real estate. The Force’s P&L is irrelevant but they are 2000km away from everyone else.

 

[Strewthcobber]

The Reds are going OK because they got a massive taxpayer funded grant, which is fine, but as a taxpayer, I like to get the credit.

 

[TSR]

They also bit the bullet 6 yrs ago and made significant internal sacrifices to run a viable ongoing operation. And suffered a decent amount of upfront pain to do it. They then did significant work with corporate support to prop up the income side of the ledger.

The tax payer assistance came later and, from my recollection, wasn’t guaranteed when they went down that path.

The Reds have had their share of assistance and handouts. Possibly more than their share. But surely the current environment highlights that they should get some credit for reigning in their own operation rather than continuing to be unsustainable.