Wilson
David Codey (61)
Full annual report here:
Australian Rugby / RA
- Thread starter Dave Beat
- Start date
A couple of quick observations on the annual report:
We have an interest bearing loan of $24.6m that is incurring interest at somewhere just over 10.5%. That's expensive! It's due to be paid back by March 2027.
The 5.5m pounds we received from World Rugby has decreased in value by more than $1.8m due to the collapse of the pound. Good news! We repay this against our Rugby World Cup distribution this year.
Cashflow will definitely be tight this year given we will get far less from the Rugby World Cup than we ordinarily would plus have the standard RWC issue of not hosting many games this year.
We have an interest bearing loan of $24.6m that is incurring interest at somewhere just over 10.5%. That's expensive! It's due to be paid back by March 2027.
The 5.5m pounds we received from World Rugby has decreased in value by more than $1.8m due to the collapse of the pound. Good news! We repay this against our Rugby World Cup distribution this year.
Cashflow will definitely be tight this year given we will get far less from the Rugby World Cup than we ordinarily would plus have the standard RWC issue of not hosting many games this year.
Tazzmania
Charlie Fox (21)
Does that include the additional revenue from broadcast that NZ rugby paid to RA?
chiraag
Larry Dwyer (12)
A good headline result, with a great deal thanks to Twiggy Forrest giving RA a largely free carried team in super rugby and allowing them to get an extra 25% broadcast revenue for having that extra team in the comp.
Not worth a mention in any of the media, or any extra assistance for the Force or rugby in WA though it seems.
A good result nonetheless, and great that it seems inflated overhead costs are being reduced.
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Slim 293
Stirling Mortlock (74)
An extra 25% in broadcast revenue?
I must say, without looking into it…
I’m skeptical about this claim.
Adam84
Nick Farr-Jones (63)
‘Free carried team’?
Sea of Blue received $4.7million in funding, up from $3.5 in 2021. All Super Rugby teams received between $4.7 and $4.9million in grants In 2022.
Wallaby Man
Trevor Allan (34)
Yep pretty sure the only season they didn’t receive a grant was the 2020 re-inclusion season
chiraag
Larry Dwyer (12)
If that's the case, then fair enough - my mistake.
Consider my post retracted.
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Marce
John Thornett (49)
He should share a part with us lol
andrewM
Herbert Moran (7)
This has been going on since at least 2015 from memory..How the Hell can RA justify granting significantly less than Victoria who not only have fewer players, but they are contained in a nice little geographical area?
Rebel man
Jim Lenehan (48)
Lol you aren’t applying for road funding, geographical size is irrelevant
John S
Chilla Wilson (44)
Rugby bosses say $8.2m profit won’t be blown on poaching NRL talent
Probably a good little snippet from HM here:
Good to see that at least there's that public comment on trying to retain current players.
Probably a good little snippet from HM here:
Good to see that at least there's that public comment on trying to retain current players.
Dctarget
John Eales (66)
Who does it normally out of interest? Is it Andy? Eddie? Do we have like a Wallabies Cordingley?
PhilClinton
Geoff Shaw (53)
I can't see Haas leaving. I don't have an issue with him being recruited but I think all it's doing is making the Bronco's wallet lighter.
The single most influential forward in the NRL at the moment, if anything, V'landys himself will throw some cash into the deal to make sure he stays.
Adam84
Nick Farr-Jones (63)
Dctarget
John Eales (66)
Didn't they just host the Women's RWC? Would've thought that would get some coin.
Yep and at the rumoured $1.5mil/season it would be a monumental waste considering our current 8 stocks - Valeteni, Wilson, Gleeson, and now Naisarani back in the fold. He's not Wallaby eligible but even Melbourne look to have locked up their long term 8 in Ekuasi.
Hopefully it's just
1) McLennan trying to keep Rugby in the headlines
2) Haas and his management playing along to pump up the $$$ figure
It's a pretty big issue in my view. McLennan has certainly achieved a fair amount and was obviously instrumental in securing Eddie Jones but it also heavily undermines the organisation below him.
You're already reliant on a big attraction to work at RA being a passion for rugby to attract decent talent because you aren't paying as much as those same people can earn elsewhere. You employ people to do certain roles and then undermine them by making executive decisions over the top.