WFDS
Herbert Moran (7)
& paving the way to fu@k over the Force!We're talking about the same directors / leadership team that pulled the shady license transfer business in 2017 only for 6 months later to be trading insolvent......
& paving the way to fu@k over the Force!We're talking about the same directors / leadership team that pulled the shady license transfer business in 2017 only for 6 months later to be trading insolvent......
Maybe they'll aim to turn the Rebels into a Connacht style development team. RA owned, negotiate with RUPA to remove or significantly reduce the salary minimum for just that team, and try to Moneyball it.Yeah I suspect they want a team in Melbourne, so there trying to best work out how to do that without signing off on a legal court battle...
With noting that the Administrator listed the "player salaries" for the last 3 years to be between $7.2m and $7.5m for each year.Looks like the salary cap of $5.5 mio is a CBA obligation to a minimum 90% level, while RA funding is $3.9 mio; a $1 mio shortfall if 90% is observed [but they likely spent the full $5.5 mio], leaving them around $1.7 mio a year short on salaries alone?
RA top-ups (paid by RA) would be outside the listed wages you would imagine, as they are not debts incurred by the Rebels. I assume women’s would be included howeverNo mention as to taxes on these, or who it was spent on (women, RA top-ups?)
Isnt that what the whole PAYG claim is about?RA top-ups (paid by RA) would be outside the listed wages you would imagine, as they are not debts incurred by the Rebels. I assume women’s would be included however
Actually yes good point, it sounds like that is the case. If that has occurred, hard to imagine the ATO will be in a very forgiving mood with regard to the DPNsIsnt that what the whole PAYG claim is about?
RA transfers the $$$ for top-ups to the Rebel's for distributions to the players. RA says it includes enough for PAYG taxes, Rebels just spent all the money given to them without sending any to the ATO
I know it's all said with the power of retrospect but RA turned down a (strings attached) offer of financial support from a billionaire in favour of a club that almost immediately began trading insolvent after that decision. Talk about stinkers.
There is also the matter of the Victorian state government calling in a penalty clause in their participation agreement if the Rebels are excluded for 2025; said to be around $4.5 million.
Further, it is understood that the Victorian government has advised Rugby Australia that, in the absence of a local professional rugby presence provided by the Rebels, it will withdraw from bidding for future Wallabies Test matches, and hosting the World Cup final.
yep the Tahs could use himSurely Pone has to move on, ridiculous that a capped Wallaby hasn't played a game yet.
Geoff Parkes on his Weekly Wrap up, so not 100% on the veracity.Holy shit, didn't see that one coming.
Source?
suddenly looking like the Rebels are more within their means than initially thought.Oh, he's pretty reliable in his quotes. Well connected to the inner sanctum of MRRU dealings.
Based on previous meeting reports, that could cost RA between $65 and $ 75 million in penalties and lost revenue.
Indeed - and timing is everything based on the RA AGM today.suddenly looking like the Rebels are more within their means than initially thought.
Surely Pone has to move on, ridiculous that a capped Wallaby hasn't played a game yet.