The Pulverisation of Australian Rugby

[TOCC]

Interesting article about the ARU's insurance policy in case the Wallabies win the RWC and have to pay out $100k bonuses to the whole squad.

http://www.smh.com.au/rugby-union/r...es-big-punt-on-wallabies-20151023-gkhh9l.html

This is poor journalism from Georgina Robinson in my opinion, isn't what the ARU are doing the very definition of insurance? Instead Georgina went with the 'gambling' angle which would obviously attract more readers then an article about a insurance policy, but its now mislead some people who have misinterpreted the story as if the ARU are laying down punts on their own games. You only need to read some of the comments on various websites about people blowing up over the ARU gambling money.

 

[Braveheart81]

This is poor journalism from Georgina Robinson in my opinion, isn't what the ARU are doing the very definition of insurance? Instead Georgina went with the 'gambling' angle which would obviously attract more readers then an article about a insurance policy, but its now mislead some people who have misinterpreted the story as if the ARU are laying down punts on their own games. You only need to read some of the comments on various websites about people blowing up over the ARU gambling money.

Well, it essentially is a bet. You're insuring against a big success payment on the back of a successful tournament.

Also, sub editors, not the author write the headings.



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[TOCC]

It is also essentially insurance, Insurance is a thing providing protection against a possible eventuality.. Once you read between the lines in the article its quite clear its an insurance policy, even to the extent that Georgina points out that the ARU would need to go through an Insurance Broker to receive such policy. Despite this the headlines and the first sentence set the tone of the article

The first line of the article reads:

The Australian Rugby Union has placed a bet worth up to $300,000 on the Wallabies winning the World Cup.

 

[RunnerGunner]

They're fairly standard these days.

This is interesting as well

Fantex was launched in the fall of 2013, when the company filed its first IPO with the Securities and Exchange Commission. Fantex's first offering was announced to be running back Arian Foster of theHouston Texans, but it was postponed due to injury. Fantex proceeded with tight end Vernon Davis of the San Francisco 49ers as its first successful IPO.[5] Fantex has signed contracts with eleven athletes and has completed six IPOs worth a total of $25.8 million.[6]

https://en.wikipedia.org/wiki/Fantex

 

[Inside Shoulder]

Well, it essentially is a bet. You're insuring against a big success payment on the back of a successful tournament.

Also, sub editors, not the author write the headings.



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Someone told me last week that Fairfax no longer has sub editors when I pointed out that the AFR had a front page headline "Turbull".
All insurance is, in essence, a bet.

 

[Braveheart81]

Someone told me last week that Fairfax no longer has sub editors when I pointed out that the AFR had a front page headline "Turbull".
All insurance is, in essence, a bet.

I believe they are no longer internal staff. They have outsourced it and are clearly getting what they pay for (assuming they're not paying much).

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[wamberal]

Someone told me last week that Fairfax no longer has sub editors when I pointed out that the AFR had a front page headline "Turbull".
All insurance is, in essence, a bet.

Some would see it as a bet. When I insure my apartment I see it as a sharing of the risk of theft or damage with a number of other property owners. A form of communal protection rather than a bet.

 

[Ignoto]

The QLD government saw flood insurance as a bet as well, look at how well that panned out!

I don't see insurance as a bet at all, if anything it's good business sense to have a back up plan. The fact that the ARU are being smart with their money and how it gets expended should be commended by the journos, but that wouldn't sell papers.

"Business exec's use common sense".....

 

[RunnerGunner]

Most business journalists don't understand the basics of accounting, finance and management, let alone sports ones.

 

[Hugh Jarse]

Should have hedged against JO'N's salary, and his eventual golden parachute.

 

[liquor box]

I see it as insurance, if it was a bet then the players should have been given an opportunity to buy in and win a bigger bonus.

 

[Micheal]

Found this on Facebook, thought you'd enjoy.

 

[Dave Beat]

I am surprised we haven't seen more of Pulver, don't recall seeing him once. Last RWC we had JON getting his face into everything he could. So in that regard it could be a good thing but would like to see him out drumming up a bit of publicity.

I'm pleased we haven't, and i mean that in a good way - it's about coach, players, - The Wallabies now.
JON was all about himself, and he left a big whole.
Review of the last couple of years a number of good things have happened under Pulver,
NRC.
I think the gap between ARU and Aussie Rugby is reducing.
I know i have referenced more.
But i hope the 2 Bill's return home here
Bill Pulver.
Bill Web Ellis.

 

[Marcelo]

Good news, 600k followers in facebook. Something is something. The AFL has 700k followers and the NRL has 1 million. So we are closer in social networks than in others places.

The interesting thing about this is that we have done something like 100k new followers during the World Cup and if we win easily can reach 700k like the AFL account. And why not dream to reach a million? After all it would be one of the biggest victories of Australian sport. But for that we must beat the ABs.

We have already surpassed to the Socceroos, they have 546k followers and last year they had more fans than us (I follow closely these figures). At least the Australian Rugby is competitive in social networks.

 

[Groucho]

Revisting the basic premise of this thread, we seem to have survived without the complete destruction of Australian rugby by all those things that seemed so important, two years ago. That's the wonderful thing about a permanent state of hysteria: you don't have to worry too much about any of it coming to pass.

 

[I like to watch]

Having our team in the final is a great thing.
But that doesn't solve all the issues in the game.
Some issues have been resolved(NRC) many issues are still on the back burner(investment in Grassroots)
If winning the RWC instantly solves these unresolved issues,how come it didn't work 12 years ago?

 

[Ignoto]

If winning the RWC instantly solves these unresolved issues,how come it didn't work 12 years ago?

All that spare coin we had from the ARU went into the salaries of Jo'N and co rather than trickle down.

With Australian rugby on the up, I'm so disapointed that we wasted the B&I Lions tour with Deans in charge. So much more could have been done if the B&IL's were playing the World Champions

 

[wamberal]

All that spare coin we had from the ARU went into the salaries of Jo'N and co rather than trickle down.

With Australian rugby on the up, I'm so disapointed that we wasted the B&I Lions tour with Deans in charge. So much more could have been done if the B&IL's were playing the World Champions

So, who should have been Australian coach instead of Deans?

 

[Marcelo]

Having our team in the final is a great thing.
But that doesn't solve all the issues in the game.
Some issues have been resolved(NRC) many issues are still on the back burner(investment in Grassroots)
If winning the RWC instantly solves these unresolved issues,how come it didn't work 12 years ago?

That was in 1999. In those days were the early years of professionalism. The World Cup was a small event and didn't attract many sponsors. Now is a global event, with big sponsors and is seen worldwide. The impact should be very different.

In Japan the WC is a successful on TV. Our supplier of clothes is a Japanese brand. So they will put more money, being the sponsor of the world champion. Perhaps more investors / sponsors who want to be part of the Wallabies and the current sponsors have to put more money. If you are the world champion of a global and successful event that should attract more sponsors and more investors.

If u are the world champion maybe Qantas could invest in advertising for the code in country.

All problems won't magically solve but it will be easier to attract investors

 

[RunnerGunner]

I'm guessing the ARU have some bonus agreements in place with the likes of Qantas if you win.

This world cup has been great for the Wallabies on and off the pitch. They've always relied on the international profile to attract the blue chip sponsors like Qantas and this world cup in such a commercial part of the world has done wonders to just reassert that. The ratings from Japan and Argentina (I read on twitter yesterday that the semi final rated huge there) just goes to show the worldwide growth of the sport which they're attached to. Of course the likes of Qantas are limited in what they can promote in the RWC environment but the metrics overall give Pulver great leverage when these contracts come up for renewal.