Wallaby Man
Nev Cottrell (35)
I guess the notion that the Tahs might have had similar debt levels isn’t great to hear.
I'm actually ok with that idea, RA goes bust. New governing body is formed with a constitution similar to NZRU and PE is found at the same time. New GB has Lions tour and rwc to prepare for and takes over from a position of strength.If MR win their case it will likely bankrupt RA because other franchises would rightly make the same claim
All is well and happy
Rebels to sue Rugby Australia
Rebels set Wednesday deadline for RA rescue plan discussions
Legal action against Rugby Australia appears inevitable if the governing body shows no willingness to resolve the financial issues that have the Melbourne franchise on the brink of liquidation.t.co
Firstly, the Rebels assert their primary liability, a debt to the ATO of $11m, is the responsibility of RA because the governing body and the club are a partnership. The Rebels contend this fealty to each other is demonstrated by RA, the club and its players all being parties to the same employment contract.
If RA go bust, the reformation of a governing body and continuation of the professional game in this country will not be that straightforward. To be frank, it’s the worst possible outcome.I'm actually ok with that idea, RA goes bust. New governing body is formed with a constitution similar to NZRU and PE is found at the same time. New GB has Lions tour and rwc to prepare for and takes over from a position of strength.
Agreed - sounds in theory like a nice clean slate. In reality it will be a nightmare scenario.If RA go bust, the reformation of a governing body and continuation of the professional game in this country will not be that straightforward. To be frank, it’s the worst possible outcome.
Exactly, this is just them going down swinging. They are suing RugbyAU and then just need to pass the money on to ATO anyway, I don’t think any of us will lose any sleep if the ATO don’t get their money back so let’s hope they don’t win.Biggest case of if I can't have it you can't have it. I thought these people (on the Rebels board) are rugby people. How does this help the game in Australia.
In what way is this remotely funny. Not content with ruining their own club the Rebels board wants to pull everyone else under with them?It's 100% funny AF.
Like scary, but in a you can't get mad kinda way.
I think you might be neglecting how big a role the Waratahs $24m in assets and positive equity (at least in 2022) played in the Tahs centralisation decisions.Yet the Waratahs are bailed out whilst not being able to run a team without burning cash in the biggest rugby market in the country and no-one seems to have a problem with it because the boys club just got on with jumping in and quietly saving them.
Think you’re looking at the wrong report there. Waratahs had $1.5m in equity before being $6m in debt the next year.I think you might be neglecting how big a role the Waratahs $24m in assets and positive equity (at least in 2022) played in the Tahs centralisation decisions.
They personally tipped in as much cash to keep the Rebels going (as non-owners) as RA did to keep the Tahs afloat this year. I’d put it more like ‘rules for some’, but yeah basically.Just checking I have this right: the Melbourne Rebels directors are suing RA for bailing someone else out?
Horseshit. Most of us have big problems with the respective poor running of the Tahs, the Brumbies and previously the Reds (who seem to have their act together for the time being at least but shouldn’t be above criticism for the current state of rugby.) And you don’t have to look far to find the evidence of that. And most of us have huge sympathy for the Rebels and their fans.Yet the Waratahs are bailed out whilst not being able to run a team without burning cash in the biggest rugby market in the country and no-one seems to have a problem with it because the boys club just got on with jumping in and quietly saving them.