WE told you here a few weeks back about the 10-year content deal being negotiated between the Victorian government, the VRU, the Rebels and the ARU.
Our sources down Mexico way say is worth closer to $13-14 million than $20m, and whatsmore, it still hasn’t been finalised.
The Victorian government threatened to pull the deal off the table several times in recent months to secure the Rebels’ future but the ARU refused to sign it so they could keep the option open of closing Melbourne down, should Rugby WA win arbitration.
But with financial backers who wanted to stay firmly in the background, the VRU outmanoeuvred the ARU by managing to convince Andrew Cox to give the Rebels licence back to them for $1.
They knew the ARU had agreed to the “put option” in the original licence agreement with Cox, and furthermore, knew the ARU wouldn’t want to challenge them on it legally.