Rugby UNION Australia will be putting there hand out soon to World Rugby.. for $$$$
they will be on there Knee's, with nothing locked in for future matches and tv deals.
Big 6-12 months ahead
They've been going south for years and right now they're in massive trouble. The timing couldn't be worse. Follows low revenue from World Cup year. Folau payout and fiasco. Crowds tanking. Ratings tanking. They've apparently only got $11M in the bank. Probably technically insolvent already. And no broadcast deal for next season.
Yep, no positives anywhere you look. Their only hope is to beg for cash from World Rugby. I suspect they'll give 'em enough to just survive in some form. The only good news is that this crisis will probably blow up the Sanzar comp. Australia now need to start a domestic comp with NZ. Ten teams. All games played at normal times. Home & away. That's their only way for the future.
Re: Rugby Australia seems to be in a lot of trouble financially.
Posted: Sat Apr 11, 2020 9:25 am
by NRL&NFLweLaughATafl
Heard the Union CEO was on 800k a year. There is part of the problem.
Plus plenty of others would be on huge money.
Administration seems to be full of fat cats. Not just in union, league too.
Re: Rugby Australia seems to be in a lot of trouble financially.
Posted: Sat Apr 11, 2020 10:07 am
by AFLcrap1
Most sports
They all have their snouts in the trough
Re: Rugby Australia seems to be in a lot of trouble financially.
Posted: Sat Apr 11, 2020 10:30 am
by Fred
Afl can afford it though ... well could.
Re: Rugby Australia seems to be in a lot of trouble financially.
Posted: Sun Apr 12, 2020 11:10 am
by Terry
As I predicted World Rugby are set to bail out RA to the tune of up to $200M over 4 years. That should be enough to see 'em through. Hopefully they'll go to a trans Tasman comp and dump the saffies. The next broadcast deal is still a problem though.
Re: Rugby Australia seems to be in a lot of trouble financially.
As I predicted World Rugby are set to bail out RA to the tune of up to $200M over 4 years. That should be enough to see 'em through. Hopefully they'll go to a trans Tasman comp and dump the saffies. The next broadcast deal is still a problem though.
They must have very deep pockets World Rugby.
I bet the Melbourne Rebels are relieved to hear that. Was talk of them getting the axe.
Yeah an Australian NZ comp seems the only way.
Re: Rugby Australia seems to be in a lot of trouble financially.
AFL has been in too. Plenty of pay cuts and layoffs in all codes.
No sport in immune.
Yep. I'm actually surprised at the AFL's position. They have about the same amount of cash as the NRL to deal with this. They've cut staff, wages & costs in the same way the NRL have done. And they immediately got a $600M bank line of credit to save 'em. Not exactly the super duper position their made out to be.
And yes.......they have an asset. But they bought it for $200M with a $280M bank loan. That's some debt their gonna have at the end of this!!!!!