yes it will start out very pedestrian, do any of you remember how poor World Series Cricket was in the beginning? looked like a country cricket match in East Bumfuck.
If anybody thinks those involved from Sinderberry to Twiggy are going to be happy with a second rate NRC comparable competition, you will be wrong.
The status quo they were competing against involved the players getting paid close to nothing for their services. It's not really a relevant comparison.
Yeah some absolutely wild assumptions right there.
50k average attendance would mean it's the 2nd most popular competition across all sports globally.
I also disagree with the assessment that Twiggy and co have deeper pockets than the ARU. On the surface that may be true, but so far Twiggy has only committed $50m and the ARU's annual expenditure is about $120m.
I don't think it is going to smash all competition.
But I do believe given 5 years it will be serious competition to the likes of Super Rugby.
The ARU may be spending a lot of money now, for little return, but will those revenue streams be there in the near future.
Also once Clyne abdicates I believe the ARU will jump on board with Twiggy.
Edit: And Clyne will go down in history as the architect of the biggest Aust Rugby cluster of all time.
Forrest/Minderoo received a dividend from FMG last year of about $400 Million.
And don’t forget that Minderoo is also now the major sponsor of the NRC as well.
Which doesn't really dispel the liquidity point.
Dividends can be payed out a number of ways, not just cash, and this was paid to his company, not him.
He obviously has plenty of money, but being worth $4.2billion by valuation does not mean he can come up with 400million tomorrow.
Lets say you're worth $1million dollars (if I add together the equity in your house, car, business, etc.). You'd still struggle to come up with $100k (and part with it). This is a similar ratio to Forrest coming up with $400 million.
they might want to try to get some awareness of it out there.
http://www.rugbyaustralia.com.au/NRC.aspx
And don’t forget that Minderoo is also now the major sponsor of the NRC as well.
They're not... Twiggy has stated that Minderoo would sponsor the NRC if the ARU approves of his competition.
Well, they've approved the competition.
50k average attendance would mean it's the 2nd most popular competition across all sports globally.
Are they going to be building brand new 50K seat stadiums to accommodate these massive crowds?
Well you won't need them for Super Rugby that's for sure.