Rebels 2017

[stoff]

Still can't see the relevance of the ownership change in this. Which ever parties head the agreement on the Rebels side its the same agreement. Does the ARU have any funding agreement with the VRU?

No, but that isn't the important entity. It is MRRU. That is the one mentioned in all the annual reports as receiving funding.


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[daz]

Still can't see the relevance of the ownership change in this.

It's really quite simple: As much as it wasn't going to happen, there was always the danger at Cox may have been tempted to sell to the ARU if the price was right. The VRU have no such thoughts. Therefore, the VRU are the safest bet to hold the licence.

Forget the Vic gov involvement, etc, etc. this sale was all about securing the licence.

 

[mst]

no, they have a funding agreement with the owners of the Rebels franchise, same agreement they have with the Reds, Tahs and Brumbies.

IIRC the Funding agreement with Cox as forwarded loaded and decreasing. I also wonder if it was with Imperium exclusively. Most private funding arrangement are to particular entities and not transferable.

 

[mst]

No, but that isn't the important entity. It is MRRU. That is the one mentioned in all the annual reports as receiving funding.


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MRRU or VRU? Are they different or one in the same now?

 

[TOCC]

It's really quite simple: As much as it wasn't going to happen, there was always the danger at Cox may have been tempted to sell to the ARU if the price was right. The VRU have no such thoughts. Therefore, the VRU are the safest bet to hold the licence.

Forget the Vic gov involvement, etc, etc. this sale was all about securing the licence.

I really dont think its that simple, what happened to the incurred debts that the Rebels carried, have they now being assumed by the VRU. What happens in the very possible scenario that the VRU conduct their due diligence, and budget forecasts for 2018 and realise that they will be insolvent trading.
Who do they turn to then if not the ARU?

 

[mst]

It's really quite simple: As much as it wasn't going to happen, there was always the danger at Cox may have been tempted to sell to the ARU if the price was right. The VRU have no such thoughts. Therefore, the VRU are the safest bet to hold the licence.

Forget the Vic gov involvement, etc, etc. this sale was all about securing the licence.

Unless the ARU say no funding to the VRU at all levels (as well as a few other nasty options) then what?

You sure its a better option?

Do the VRU fall under the ARU umbrella like all the other unions?

 

[Boomer]

Unless the ARU say no funding to the VRU at all levels (as well as a few other nasty options) then what?

You sure its a better option?

Do the VRU fall under the ARU umbrella like all the other unions?

What has happened to or will happen to the millions in funding the ARU gave to the Rebels to keep it a private entity?

Is someone responsible for it? Must someone repay it if ownership changes as it has? Did the ARU just offer a bundle of cash and tell the Rebels to go knock themselves out?

Do the ARU want the risk of the Rebels running up more losses, only to be covered by their shrinking revenue?

 

[daz]

Unless the ARU say no funding to the VRU at all levels (as well as a few other nasty options) then what?

You sure its a better option?

Do the VRU fall under the ARU umbrella like all the other unions?

I really dont think its that simple, what happened to the incurred debts that the Rebels carried, have they now being assumed by the VRU. What happens in the very possible scenario that the VRU conduct their due diligence, and budget forecasts for 2018 and realise that they will be insolvent trading.
Who do they turn to then if not the ARU?

I'm sure all of that will come out, and the article I posted discusses the Vic gov involvement levels to be announced this week.

I am simply answering the question about the licence transfer, and why it is a great thing for my team. Will it be a great thing in the future? Who knows.

All I know is that right now, at this very moment, nothing has changed in regards the Rebels licence, except it is now held by an organisation that will 100% not give it up.

What happens after today is still anyone's guess.

 

[Brainstrust]

One things for sure and that is wealthy mining magnate from WA can't buy it from Cox and shut it down now it is owned by the VRU. That would have been the easiest way to ensure the Force survive.

 

[Rebels3]

I'm wondering where all the conspiracy theorists are now that were just saying Cox was in it for the money and jacking up the price. Gotta hand it to the man, he kept to his word.

 

[mst]

I'm wondering where all the conspiracy theorists are now that were just saying Cox was in it for the money and jacking up the price. Gotta hand it to the man, he kept to his word.

The odd part of that sentiment is that if it were true Cox was going to benefit more financially if the Force are cut if he retained the licence.

So why cut and run (mid battle of all times) when your the hero unless you can see a convenient exit to save face, reputation (business and personal which in his industry is critical) and without too much cost. The transfer option would still be there when things were more settled.

I think he has played it well, but for who's benefit may be debatable.

 

[GoMelbRebels]

I'm wondering where all the conspiracy theorists are now that were just saying Cox was in it for the money and jacking up the price. Gotta hand it to the man, he kept to his word.

Indeed, thanks Coxy!

 

[mst]

One things for sure and that is wealthy mining magnate from WA can't buy it from Cox and shut it down now it is owned by the VRU. That would have been the easiest way to ensure the Force survive.

Or a smart passionate rugby that is wealthy mining magnate could have bought it to double the votes ensuring they had two teams surviving and changing the balance of power and have more influence on the future for both rugby and their investments.

Would have been a good start on a true professional domestic comp!

 

[Rebels3]

I think so much has been lost in the conversation the past few months that the actual story line is going to the script that has been reported. Way back since the force were reported to be targeted to be chopped, to rumors the brumbies were safe from the process, to cox stating he will not sell the license to the aru.

We continue to look for stories that aren't there when the most likely reality is there infront of us.

Anyway good luck to the force this week, would be an interesting outcome to see what aus rugby would do then. There's no way there is more than 15 teams next season (as has been widely reported).

 

[James Pettifer]

The odd part of that sentiment is that if it were true Cox was going to benefit more financially if the Force are cut if he retained the licence.

So why cut and run (mid battle of all times) when your the hero unless you can see a convenient exit to save face, reputation (business and personal which in his industry is critical) and without too much cost. The transfer option would still be there when things were more settled.

I think he has played it well, but for who's benefit may be debatable.

I suspect they have inside word on the arbitration. Seems like the timing is too coincidental.

 

[mst]

I suspect they have inside word on the arbitration. Seems like the timing is too coincidental.

Unlikely. That decision will have been leaked if it was available as it has massive implications across all of SANZAAR.

More he wanted to get out quickly and before next season. He also can see the Super Rugby unravelling quickly. As a business man you would figure with the option to recover damages available to cover his losses (expenses) why has he just walked away?

With reports one of the SA franchise is exploring exit options (ASAP) and another ready to follow any investment is now time limited.

 

[lou75]

I'm wondering where all the conspiracy theorists are now that were just saying Cox was in it for the money and jacking up the price. Gotta hand it to the man, he kept to his word.

You mean the ARU wouldn't approve a sale and he was stuck with no other option but to hand it back or actually put money into the franchise himself? Remember, the ARU had no money to buy it with.

 

[Killer]

Yeah it was clear from the start that Cox was the weak link as Tim Norths prev comments indicated and as this w/ends events have shown.

More power to the VRU for removing the risk. How ever you look at it Cox has exited as best he could, and fair enough, whether it was for goodwill or who is to say he wasn't compensated financially to some degree by friends of VRU.

Anyway you are imo now in a much better position, and imo he has not been very good for you, not the VRU's fault but imo more likely Rob Clarke and the ARU's fault.

 

[Tex]

Unlikely. That decision will have been leaked if it was available as it has massive implications across all of SANZAAR.

More he wanted to get out quickly and before next season. He also can see the Super Rugby unravelling quickly. As a business man you would figure with the option to recover damages available to cover his losses (expenses) why has he just walked away?

With reports one of the SA franchise is exploring exit options (ASAP) and another ready to follow any investment is now time limited.

Inside word vs considered legal advice, either way it looks like they've managed a key risk.

 

[James Pettifer]

Unlikely. That decision will have been leaked if it was available as it has massive implications across all of SANZAAR.

We live in a world where private conversations between world leaders are being leaked to newspapers.

All it would take is a call between someone in Melbourne and someone in Perth saying that the arbitration went well.