mst
Peter Johnson (47)
Basically that's what I saying, look for both NZ and Aus I believe we got a chance to reset to a long term set up, neither country will survive without other I don't believe, and I saying that with NZR having 94 Mill in bank and Aus living on begged money, they still both important to each other.
IMHO the whole PE thing for the NZRU needs to be considered in a different light to PE to stand up teams or a competition or what is going on with RA.
What NZRU are seeking to do (raise cash) generally is to expand or refinance as you are going backwards. Its clear they are going backwards and cash wont help that in the long term as not much other than using the AB's playing in external markets generates sufficient income. Thats now limited or has been redefined by COVID.
In simple terms it looks like NZRU have splashed the cash they had in the bank to retain players where RA don't have the cash and are trying to live within their means. Now NZRU has an expensive revenue generation model which is consuming their cash.
Its not hard to see that the cash in the bank argument is not really a sliver bullet. Take a look at the O/S rugby competitions they are all suffering from similar woes, even the ones that had huge cash reserves.
https://lastwordonsports.com/rugby/2020/04/16/bankruptcy-usa-rugby-reorganization-of-sport/
https://www.goffrugbyreport.com/news/financial-crisis-here-says-usa-rugby
https://www.sportspromedia.com/news...body's finances,only two Six Nations fixtures.
https://www.france24.com/en/20200526-top-14-rugby-clubs-financial-bubble-bursts-due-to-covid-19
https://www.theguardian.com/sport/2...id-19-pandemic-financial-crisis-restart-plans
https://www.irishtimes.com/sport/ru...hquake-for-european-rugby-is-coming-1.4219036
https://www.theguardian.com/sport/2...ble-lessons-from-european-super-league-fiasco
AFL, NRL and other large sporting codes have come close to the edge and cash in the bank helps but will not save anyone. Revenue is the key and PE can help grow that via building a product to yield more revenue.
What I do find interesting is the NZRU have been the first to flinch. IMHO, RA is actually in a better position than NZRU right now. RA revenue is on the up from a low base and there is room to grow. With low overheads and access to a bigger TV market and revenue stream RA, if smart can build a ship in contrast to the NZRU who are trying to patch and convert at the same time.