GoMelbRebels
Nicholas Shehadie (39)
Rugby (and the Rebels) is one of the things I escape to to forget my worries. I don’t want it becoming one of my worries. I went through that in 2017.
Rugby (and the Rebels) is one of the things I escape to to forget my worries. I don’t want it becoming one of my worries. I went through that in 2017.
Don’t worry John ppl trying to bring the rebels down doesnt raise their organisation any higher. If there is actually anyone on here that would actually have the inside scoop it would be you.
BRC Capital faces crunch as investments including Hiro Brands fail
BRC Capital, a major investor in technology companies and real estate, is facing questions about its solvency after four subsidiaries were wound up in the last month, adding to financial pressure dogging the Melbourne Rebels.
The investment company is a key sponsor of the Super Rugby club, one of five in the league, and its chairman, Paul Docherty, also chairs the Rebels.
Four of BRC Capital’s investments – 3DMediTech, Hiro Brands, Aware Environmental, and HoodAI – have been placed into administration or issued with wind-up orders over the last four weeks.
Directors of some BRC Capital investments have received penalty notices from the Australian Taxation Office, alerting them to the non-payment of tax over a period of several years.
Rebels insiders are questioning the solvency of the football club, which The Australian Financial Reviewrevealed last week was struggling to pay its tax bills and was behind on stadium fees. Sources said the ATO had also issued penalty notices to the club’s directors over failures to make payments – a move that could later lead to administration.
https://www.afr.com/technology/melb...ital-faces-cascading-failures-20231213-p5er56
Adam the emoji was about the report not the postBRC Capital faces crunch as investments including Hiro Brands fail
BRC Capital, a major investor in technology companies and real estate, is facing questions about its solvency after four subsidiaries were wound up in the last month, adding to financial pressure dogging the Melbourne Rebels.
The investment company is a key sponsor of the Super Rugby club, one of five in the league, and its chairman, Paul Docherty, also chairs the Rebels.
Four of BRC Capital’s investments – 3DMediTech, Hiro Brands, Aware Environmental, and HoodAI – have been placed into administration or issued with wind-up orders over the last four weeks.
Directors of some BRC Capital investments have received penalty notices from the Australian Taxation Office, alerting them to the non-payment of tax over a period of several years.
Rebels insiders are questioning the solvency of the football club, which The Australian Financial Reviewrevealed last week was struggling to pay its tax bills and was behind on stadium fees. Sources said the ATO had also issued penalty notices to the club’s directors over failures to make payments – a move that could later lead to administration.
https://www.afr.com/technology/melb...ital-faces-cascading-failures-20231213-p5er56
Makes their spending spree even more grotesque.Apparently Rebels are $9 million in debt, we may be gone fellas.
You won't be alone fella. They kept telling us rugby was on its last chance and then this year happened. So, I mean, isn't that it?Apparently Rebels are $9 million in debt, we may be gone fellas.
We don’t have the depth for five teams, and it should’ve been them not the force axed in 2017 and they’ve never really had any successApparently Rebels are $9 million in debt, we may be gone fellas.
Tupou would be paid by RA for the most part anyway.All the regions will be hugely in debt; seem like these leaks are targeted to get the board out and RA in.
let’s not forget RA sanctioned the Tupou move
Sheesh worse than imagined.… I’m guessing this is somehow linked to BRC and that capital squeeze they’re facing, loans secured from BRC maybe.Apparently Rebels are $9 million in debt, we may be gone fellas.
Tupou would be paid by RA for the most part anyway.
Apparently Rebels are $9 million in debt, we may be gone fellas.