M
Moono75
Guest
A front ended deal does this infer any kind of solvency issue with the Rebels?
Western Force 2017
- Thread starter RugbyReg
- Start date
- Status
A front ended deal does this infer any kind of solvency issue with the Rebels?
lou75
Ron Walden (29)
Sorry Stoff, the $6 m payment was not in lieu of any $8.5 m and where you got that from, or where Wayne got that from I have no idea, the $6m is part of the EXTRA SPECIAL FUNDING ARRANGEMENT as per 2015 and 2016 annual reports
lou75
Ron Walden (29)
Mr Cox has a cash cow, TGI Fridays, but he is averse to spending his own money, the ARU has propped him up with the special funding arrangement to date, he said he 'broke even in 2015' - due to this extra $2.6 m he received over and above what other franchises received.
As far as solvency goes, he would have a get of jail card if the bills were too high, just like any other business owner has, he can just walk away.
Forceright
Allen Oxlade (6)
If the ARU and other Aus rugby groups have even considered dropping an Aus rugby side in preference to the newbies Argentine & Sunwolves, I think is the most galling anti Australian idea. I have read on these forums so many who are relishing losing The Force, a 5th team, but the consequences and ripple effect will do naught but future damage to the face of Aus rugby. As an immigrant and now proudly Australian, I became a devout Wallabies and Force Fan, because not only that they were 'my' teams, but the spirit the guys have shown with backs against the wall-the Anzac spirit. But if the ARU capitulate to this vile idea without a fight for 'my' team, I will have lost all faith in their lack of integrity and will turn my back on all Aus rugby apart from our local clubs. And don't underestimate the anger that's going to ensue from those betrayed!
I also appreciate those on this site who have shown support, so thank you to those who have some vision!
That's MY rant!
UP THE FORCE!
I also appreciate those on this site who have shown support, so thank you to those who have some vision!
That's MY rant!
UP THE FORCE!
Forcefield
Ken Catchpole (46)
Does anyone know if there are numbers out there on how many of the Force shares have been bought? I've got one. A bunch of other people have tweeted or posted in various places (Western Force twitter, here, TWF). Media are reporting that each team member has bought a share.
Just curious whether those people who expressed an interest have taken up the offer. In some instances I believe people expressed an interest but were interested in buying more than one share- makes me wonder if that will balance out the number of people who have changed their minds.
Just curious whether those people who expressed an interest have taken up the offer. In some instances I believe people expressed an interest but were interested in buying more than one share- makes me wonder if that will balance out the number of people who have changed their minds.
Jon
Chris McKivat (8)
At the moment there isn't anything been released as to how many people have committed so far. Apart from those who have letting other people know.
Personally, I haven't yet. But i'm in for multiple shares when i do.
Jon
Chris McKivat (8)
That's just it as well. He can afford to be adverse to spending his own money when he knows that he will continue not to have to.
IMO he should be prepared to have a self sustaining team, or sell up. He is taking additional funding away from the sport across potentially all levels nationally.
todd4
Dave Cowper (27)
^^^^^^ I would say a lot of people will wait to see what decision is made. If the Force are jettisoned from the comp people would question what would be the point buying into something that has no future. If they could have gotten 'buy the Force' up and running a month ago, before this drama, things would have been much better.
Jon
Chris McKivat (8)
Yeah I reckon you're right.
People will be waiting to see what happens. Although IF the force get canned, you would imagine that immediately the focus would switch from "own the force" to "own the rebels, relocate and re-brand as the force"
chibimatty
Jimmy Flynn (14)
If we buy in, are the ARU obligated to sell us back the license at a reasonable price? If not, could they not just price us out of the equation and go ahead with the cut and the re-structure of the competition?
How much money will we then get back after accounting and legal costs have been taken care of?
How much money will we then get back after accounting and legal costs have been taken care of?
Strewthcobber
Simon Poidevin (60)
Mate, have you read the prospectus published last week on the website?
Lots of these sort of questions are addressed there.
Short answer though, it's all at your risk at the moment.
Sent from my D5833 using Tapatalk
Forcefield
Ken Catchpole (46)
Buying a Force share is like proposing to your girlfriend. You fork over a lot of money for something that won't really do anything for you. There is always the risk she will run off with the ring and sell it to buy meth. But if you really love her.....
Buy a Force share.
Buy a Force share.
B
Bobby Sands
Guest
I'm in.
Rugbynutter39
Michael Lynagh (62)
http://www.abc.net.au/news/2017-04-10/western-force-lodges-writ-against-aru/8432540
Good to see Western Force at least not lying down like the spineless and headless ARU....
Good to see Western Force at least not lying down like the spineless and headless ARU....
Lee Grant
John Eales (66)
Interesting radio interview this morning between the President of Rugby WA Hans Sauer and Alan Jones, a shock-jock for 2GB Sydney (and ex-Wallabies' coach) - sent to me by Yeatsey.
Give it a click.
[Also posted in Australian Rugby / ARU thread,]
.
Give it a click.
[Also posted in Australian Rugby / ARU thread,]
.
Jon
Chris McKivat (8)
silence in regards to what?
RebelYell
Arch Winning (36)
- Status