NSW on the verge of another bailout

[waiopehu oldboy]

Wa

Do you mean NSWRU instead of the Waratahs? It gets confusing since they are technically different organisations.. I would have thought tat the Waratahs would have received the income..

The ARU didn't take the gate takings for the super teams playing the lions..

Waratahs were the team on the field therefore they not NSWRU would've got the gate etc less expenses? Would their Annual Report & Accounts not answer the question? Or has it not been published yet?

 

[cyclopath]

Wa
Waratahs were the team on the field therefore they not NSWRU would've got the gate etc less expenses? Would their Annual Report & Accounts not answer the question? Or has it not been published yet?

Fiscal year 2013/14 not done yet, I would guess.
I agree the Tahs should have got the gate money (and I assume they did).

 

[TOCC]

Fiscal year 2013/14 not done yet, I would guess.
I agree the Tahs should have got the gate money (and I assume they did).

Historically they have worked calendar years

 

[Cat_A]

IIRC the Waratahs are to the NSWRU as the Reds are to the QRU.

The Reds are essentially the revenue-generation arm of the QRU; any profits go in to the community rugby (participation) side. The community rugby (participation) in the game is the entire reason the QRU exists, and the Reds franchise (which they own) is how it's funded.

NSWRU owns the Tahs franchise so who got the gate from the Lions game is irrelevant.

 

[cyclopath]

Historically they have worked calendar years

Really? Well, there you go. I guess the unpaid intern hasn't cooked the books up yet after their unpaid holiday leave.

 

[TOCC]

IIRC the Waratahs are to the NSWRU as the Reds are to the QRU.

The Reds are essentially the revenue-generation arm of the QRU; any profits go in to the community rugby (participation) side. The community rugby (participation) in the game is the entire reason the QRU exists, and the Reds franchise (which they own) is how it's funded.

NSWRU owns the Tahs franchise so who got the gate from the Lions game is irrelevant.

No, Waratahs are a separate entity to NSWRU, they pay an annual license fee of $1.1million to the NSWRU, they both run separate budgets and have a different board of directors.

Reds are still a part of the QRU, no license fees are paid between the two, all Reds funding is controlled by the QRU board.

 

[RugbyReg]

And no franchise/state rugby union got the gate for the Lions game. The ARU got it all (including corporate hospitality etc) and paid each state a 'compensation' payment instead.

 

[TOCC]

And no franchise/state rugby union got the gate for the Lions game. The ARU got it all (including corporate hospitality etc) and paid each state a 'compensation' payment instead.

Incredible, what was the value of the compensation payment.. Some of those games would have been worth almost $1million plus.

 

[Inside Shoulder]

Do you mean NSWRU instead of the Waratahs? It gets confusing since they are technically different organisations.. I would have thought tat the Waratahs would have received the income..

The ARU didn't take the gate takings for the super teams playing the lions..

Yep.

 

[Hugh Jarse]

And no franchise/state rugby union got the gate for the Lions game. The ARU got it all (including corporate hospitality etc) and paid each state a 'compensation' payment instead.

Imagine how much Rugby Central would be trying to stiff the junior clubs and subbies clubs for if the Lions didn't come last year to top up the ARU coffers.

Emergency Declared. Must be NO shiraz at all left in the St Leonards Boardroom cellar.

 

[Inside Shoulder]

Imagine how much Rugby Central would be trying to stiff the junior clubs and subbies clubs for if the Lions didn't come last year to top up the ARU coffers.

Emergency Declared. Must be NO shiraz at all left in the St Leonards Boardroom cellar.

Tell me, do they rate the cab sav above or below the shiraz? Just trying to work out how close to bottom we are.

 

[I like to watch]

I think the issue is more a logistical one.
The cab sav needs more time in the cellar than the Shiraz.
Hence what appears to be a healthier stock of the cab sav.

 

[Inside Shoulder]

I think the issue is more a logistical one.
The cab sav needs more time in the cellar than the Shiraz.
Hence what appears to be a healthier stock of the cab sav.

Shit - that shows more planning than I would have expected

 

[RugbyReg]

Incredible, what was the value of the compensation payment.. Some of those games would have been worth almost $1million plus.

yeah not sure mate. Varied obviously ground to ground.

 

[Lindommer]

If there's a shortage of Shiraz, or Cab Sauv, at Rugby Central I'm yer man.....










Waiting by the phone.

 

[Pfitzy]

They're in enough debt.

Like any form of politics, NSWRU has too many pigs eating too deeply at the trough. Cut out some of the luxuries for these guys, and find people who want to work for the betterment of the organisation, and they'll reap the rewards.

Crusaders were dominant because their back office ran smoothly.

Chiefs finally figured that out.

Until NSW do, we're stuck in this cycle of money up and down.

 

[Crashy]

I actually don' think they have any debt do they?

 

[blues recovery]

yeah not sure mate. Varied obviously ground to ground.

The payment was 500k . Same for each state. ARU made signficantly more from these games

 

[Jets]

Just no money.

 

[Jets]

The payment was 500k . Same for each state. ARU made signficantly more from these games

Seems odd that the Force should get the same as the other teams, especially as Foley fielded a team of no names.