GoMelbRebels
Nicholas Shehadie (39)
It certainly is. On paper, the playing squad appear to be the strongest powerhouse in Australia and I expect most Rebels fans (like me) are looking forward to thrashing a few opponents (read Tahs and Reds for a start) so why doesn't a corporate want to associate with what should be a very solid team? I can only suggest that the spectre of private ownership weighs the clubs potential down. Since Mr Cox acquired the club he immediately transferred the business ownership from MRRU Ltd to MRRU Pty Ltd and was no longer forced to publish his annual reports. The Senate inquiry unearthed some interesting cash flows from the ARU to MRRUPL and out to Imperium and its related companies - all good for a private company. Rebels is now owned by the VRU, a community based organisation and it is still a private company which does not have to lodge financial statements. Who are the Directors? - largely the same group who were before Imperium came aboard and there is a big cross over with the VRU Board too. Could it be that some corporates would like to see transparency in the financial reports rather find out later that the MRRUPL Board members who have private companies and trusts have siphoned off their millions in "consultancy fees" . Just saying
While the squad looks very good on paper, the issue in getting a major sponsor is many would be looking at past results and with 2017 being our worst season on record, we need to be able to show we have actually improved before a sponsor hands over their cash. Success breeds success.