Melbourne Rebels 2024
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Strewthcobber
Mark Ella (57)
Rebels are voting members - surely they'd be able to just request this?
Edit - I'm wrong aren't I. They were voting members, now RA owns the license. Will be interesting to see how hard VRU goes, as opposed to MRRU
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On the contrary. We're incredibly trustworthy.
Just trying to explain that a fair chunk of it is just adhering to accounting standards rather than an attempt to inflate assets etc.
You can be the judge whether it's of any use to anyone that a company shows an asset in their financial statements of all the lease payments they have to make for their premises over the term of the lease and then a liability for the fact that they have to pay them over however many years the lease runs for.
KevinO
John Hipwell (52)
Melbourne Rebels and the VRU to have already requested that information, and RA didn't come to the table. That's what part of the high court case was already.
half
Alan Cameron (40)
Rebels have 17K in the bank, the cost of going to court for a few days is expensive, the lawyers are working pro bono.
Normally lawyers don't work pro bono unless they see a better than average chance of winning.
Two outcomes, first Rebels win, 8 million plus court cost plus legal fees say 10 million, further RA pay their own costs. allow for the ACT B to put their hand out say another 8 million, all up could go as high as 20 million, RA win they pay court costs maybe their legal team say 1 million.
Either outcome is no good, but the difference between winning and losing is huge.
Another thing tis said the rebels owe 20 million of which somewhere between 8 to 10 is owned to the ATO, my guess is the Rebels directors want the 8 million for the ATO debt.
Normally lawyers don't work pro bono unless they see a better than average chance of winning.
Two outcomes, first Rebels win, 8 million plus court cost plus legal fees say 10 million, further RA pay their own costs. allow for the ACT B to put their hand out say another 8 million, all up could go as high as 20 million, RA win they pay court costs maybe their legal team say 1 million.
Either outcome is no good, but the difference between winning and losing is huge.
Another thing tis said the rebels owe 20 million of which somewhere between 8 to 10 is owned to the ATO, my guess is the Rebels directors want the 8 million for the ATO debt.
Yoda
Watty Friend (18)
Sack the Rebels accountant. Appalling.
The Ghost of Raelene
Andrew Slack (58)
Jimmy_Crouch
Ken Catchpole (46)
Tim North KC calling in a few favours I'd say.
stoff
Bill McLean (32)
Waratahs 2023 annual report. For clarity not the NSWRU annual report. That and the newspaper alleged $6m Waratah debt to be funded by RA.
stoff
Bill McLean (32)
I’m not - I can read financial statements.
Adam84
Nick Farr-Jones (63)
You have a link/quotes for this annual report then I’m assuming?
PhilClinton
Geoff Shaw (53)
I see Anthony Wright has been appointed acting CEO of Rugby Victoria. He’s a pretty savvy lawyer/entrepreneur whom I’ve dealt with up here in QLD a few times. Good operator and rugby man.
I’m not across the whole situation but rugby vic is a totally separate entity to the rebels isnt it? Why do they have a new acting CEO?
I’m not across the whole situation but rugby vic is a totally separate entity to the rebels isnt it? Why do they have a new acting CEO?
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KevinO
John Hipwell (52)
I would suggest it's to do with having the right person in the room
Wilson
David Codey (61)
Chris Evans (former CEO) stood down late last year:
I'm not sure they've made a permanent appointment since.
PhilClinton
Geoff Shaw (53)
How much influence does rugby vic have over what’s going on with the rebels? Will Wrighty have a voice in the situation? I thought it was all a separate entity.
KevinO
John Hipwell (52)
It's a voting member, so at least having someone who understands would be helpful.
RemainingInTheGame
Peter Burge (5)
Don't both Vic Rugby and Rebels both have (had?) a vote as RA Union members?
stoff
Bill McLean (32)
The number does vary a bit, but the theme is consistent.
Rebels set Wednesday deadline for RA rescue plan discussions
Legal action against Rugby Australia appears inevitable if the governing body shows no willingness to resolve the financial issues that have the Melbourne franchise on the brink of liquidation.
Annual reports here
Annual Reports | NSW Waratahs
nsw.rugby
Wilson
David Codey (61)
Rugby Victoria have a vote, but the Rebels vote was tied to their licence, with it back in RA's hands the vote tied to it is now null and void.