Let's put down some facts around special assistance received by the Rebels.
2013 - $5.5m loan, since written off.
2014 - $3.3m loan, since written off.
2015 - increased support to Rebels of $1.6m
Imperium takeover June 2015 to 2021. $2.5m less than the other franchises.
Net difference $7.9m
In contrast Brumbies have lost money for 14 years straight, and have only avoided massive bailouts through selling of the family jewels in dubious circumstances. With a reported $1.5m left in the bank, there is every chance they will begin draining the ARU coffers in the next two years.
Sent from my iPhone using Tapatalk
Remember the ARU are stating all participants there aren't they? Juniors? I'd say most of our participants are under 14.
Sent from my iPhone using Tapatalk
so,when is the ARU going to lift the maxwell smart cone of silence and say something?
Brumbies have invested in a 30 year paid in full up front state if th art team and training facility in Canberra. ACT government is looking to build a new $350 million stadium in Civic fir the Brumbies and other teams. This wont be built if the Brumbies are cut.
Bill might be busy trying to get his car back at the moment.
Um, No. The Brumbies "invested" nothing, they are merely tenants who have pre-paid an undisclosed amount of rent, the period of time which that amount covers is also undisclosed. The money is gone and there is nothing to show for it. No capital, no investment, and no returns. They are at the mercy of the ACT Government and UC. The facility is also a shared facility occupied and used by other sporting organisations. This deal is what sounded the alarm bells for Jones and some details remain suppressed by the court order.
If it was capital their financial position would not be so precarious. On top of this "arrangement" the ACT Government also kicked in about $2mil in 2016.
How's the general economy in Aus?What's discouraging about that is how many of the sports with falling percentages are firmly part of Australian sports cultural identity. Tennis, cricket, netball, Aussie Rules, lawn bowls, billiards/snooker, hockey, rugby league, squash and rugby have all taken hits. Sports which are American or global; soccer, basketball, track and field, baseball are all on the increase.
I dunno if I'm being overly dramatic, but in the bigger scheme of things, that looks like an unfortunate cultural loss there.
Just thinking aloud maybe too much time on my hands.
If this is the case, what has been done, or attempted, in trying to rescue this and set it on the right course?Leaving aside your numbers half, it's obvious (or should be obvious to those running the game), that as your junior player base shrinks, there will be a knock on effect at all other levels of the game.
It's taken 15 years for this to hit the elite level (super and test rugby), but that's how long this has been coming. ARU, NSWRU et al have been getting warnings about this from those at the coal face for 15 years. Their own figures should also have set alarm bells ringing. Sadly the junior player base has continued to shrink, so things are more likely to get worse before they get better.
How's the general economy in Aus?
Thanks. I did not mean to come across as condescending. I was wondering whether your economy might have started shrinking more significantly than usual which may have some explanation in the shrinking of your sports.Feel that I should respond as it's the kind of question I ask about RSA. Note I speak as a non expert and responses may depend on your politics.
The Aus economy is a mixed bag. We just broke some kind of international record of years in a row without a recession. 25?
But growth has been dipping around 2% which is below trend and not really enough to keep things static. Better than much of the world though.
Agriculture is improving (floods and drought the usual issues) but mining fell of a cliff, clawing its way back. We rode the mining boom through the GFC. Tourism has had probs for ages. Education, a big sector here has mixed results. We more or less killed manufacturing by not continuing to support vehicle manuf. the $Aus is overvalued creating export issues.
Wealth is growing in the top 1% but stagnant elsewhere.
Govt lending is OK but budgets have structural issues where money is spent outside of true investment and has built in future probs. govt is in paralysis, ransomed by minor parties and independents, and a lack of bi-partisanship, where it is very hard to get legislation through. Happens whichever side you vote for. Budget is not likely to become more sensible while that continues.
There are real problems in the energy market and the housing bubble has been predicted to burst for years. May do sooner or later.
It's a mixed bag, but overall shouldn't be gravely impacting pro sport, albeit sponsorship will be getting harder.
No. Not the case. The raiders have there own facilities (purpose built and not shared and capital) like other major sports in Canberra. A lot of sports use the $1 land deal available from the ACT Government to build and create capital. The co- tenants are / were UC linked (like the UC Capitals) bit I believe some have already moved on. Details around the lease ate scant but I find it incredible if people believe that they could pre pay 30 years rent with the little money they had.They purchased a 30 year prepaid facilities lease.., 30 years.. Yes share with the Raiders which makes sense. Their past facilities were poir. tte former CEO made hus own troubles and costt the vlub greatly. No other club as invested in such a facility with their own money... N
I was wondering whether your economy might have started shrinking more significantly than usual which may have some explanation in the shrinking of your sports.