Rebels 2017

[Mr Wobbly]

First, let me reiterate my ignorance of the finer points of the law.

To me, this arbitration thing seems like it should be pretty straight forward.

Step 1/ ARU present the documents/contract formalising the original broadcast deal.

Step 2/ Present the new documents/contract.

Step 3/ Point out the substantive differences between the two and explain how the 2nd agreement supersedes the first.

Unless of course there are no new documents/contract, in which case - oopsies.

 

[GoMelbRebels]

First, let me reiterate my ignorance of the finer points of the law.

To me, this arbitration thing seems like it should be pretty straight forward.

Step 1/ ARU present the documents/contract formalising the original broadcast deal.

Step 2/ Present the new documents/contract.

Step 3/ Point out the substantive differences between the two and explain how the 2nd agreement supersedes the first.

Unless of course there are no new documents/contract, in which case - oopsies.

Yes, there will be a new contract. What I've always wanted to know is; does the alliance agreement say "till the end of the 2020 Super Rugby season", in which case it is pretty obvious, or "until the end of the 2020 Super Rugby broadcast deal", which also seems like the Force are OK, as both the old and new deals end after the 2020 season, or "until the end of the current broadcast deal", which could be open to interpretation.

It's all in the wording, I guess.

 

[oztimmay]

I see that Melbourne Rebels have lodged a few new documents with ASIC today, and for $19 each you can view them, but I suspect they confirm that Cox and Sidwell have abandoned the team and the VRU are the new owners - bam

Ok, so I took the bait. Change of office holders (I went for the four pager)
Out: Peter Sidwell, Michelle Williams
In: Tim North, Owain Stone, Lyndsey Cattermole, Robert Dalziel

Looks like the change has happened. Hello, news masters of Victorian Rugby.

 

[Braveheart81]

This one should show the transfer of shares.

7E9323081
(484)
Change to Company Details Changes to (Members) Share (484N)
Holdings ()

 

[GoMelbRebels]

All this before the arbitration decision? I didn't think that could happen.

 

[oztimmay]

Second document - Change of shareholding from Imperium Sports Management to Victorian Rugby Union Inc. Cost the VRU $1, so looks like PUT option was used, and debts cleared.

Third - just a change of address. Nothing fancy.

So, it's happened lads. New owners.

 

[Jon]

Yes, there will be a new contract. What I've always wanted to know is; does the alliance agreement say "till the end of the 2020 Super Rugby season", in which case it is pretty obvious, or "until the end of the 2020 Super Rugby broadcast deal", which also seems like the Force are OK, as both the old and new deals end after the 2020 season, or "until the end of the current broadcast deal", which could be open to interpretation.

It's all in the wording, I guess.

Potentially not.

They could have just signed a variation with the reduced regular season games and reduced number of teams. it wouldn't have to be a whole new contract.

If this is the case - as hinted at by the SANZAAR announcement way back when, RWA/WF will be in Super Rugby next year.

 

[swingpass]

much smarter deal perhaps, no "sale" of licence, Cox stays an owner (1%?) and no need for ARU to approve change of ownership of licence.

 

[oztimmay]

much smarter deal perhaps, no "sale" of licence, Cox stays an owner (1%?) and no need for ARU to approve change of ownership of licence.

Nope, 100% of shares transferred to Victorian Rugby Union inc.

 

[swingpass]

so that needs ARU approval

 

[swingpass]

does Cox stay on the board ? if only Sidwell and Williams are off

 

[Mr Wobbly]

Where is the Rock Lobster?

He should be basking in the warm afterglow of his post from last week in the 2018 thread.

The Cox deal with the VRU is done, which is going to make the Rebels very hard to shift.

 

[GoMelbRebels]

so that needs ARU approval

So, they must have approved it.

 

[James Pettifer]

Congrats to Jordan being chosen in the Bled Cup squad. Must have been impressive in training given the limited super rugby time he has had.

First Melbourne Rebel to grow up in Melbourne (moved at 11 from NZ) to be in the squad. May he be the first of many.

 

[lou75]

does Cox stay on the board ? if only Sidwell and Williams are off

not sure - strange

 

[lou75]

if it was debt free there was no need for ARU approval

 

[oztimmay]

not sure - strange

Documents don't mention that he has removed himself.


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[oztimmay]

if it was debt free there was no need for ARU approval

Looks that way, considering all shares transferred for $1.


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[lou75]

Looks that way, considering all shares transferred for $1.


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why isn't he removed from the office holders??

 

[oztimmay]

why isn't he removed from the office holders??

Don't know. He probably need to still be one, in order to facilitate the transfer. Now it's one, new chairman can delist him.


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