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Report in the SMH today said the club owes $10M to creditors.
I'd like to see some more investigation of the financial connections between it and the QRU.
A lot of people who had the misfortune of booking functions with the club stand to lose up to $5000 each.
80 Minutes, 15 Positions, No Protection, Wanna Ruck?
Ruck Me, Maul Me, Make Me Scrum!
Education is Important, but Rugby is Importanter!
haha, really starting to clutch at straws now people..
the $10million debt is relative to the $13million redevelopment they undertook on their club prior to the floods last year, at the time of development the debt was seen as serviceable however damage from the floods meant the club had to close its doors for months and the QRC never recovered from the lost income.
Last edited by TOCC; 11-07-12 at 15:07.
what is the rugby club?
Its a private members club mainly for the business community, i believe in Perth you have the Western Australian Club which operates on a similar level.
It had a relationship with the QRU by hosting luncheons at their facility and the QRC also paid for a corporate facility out at Ballymore, but that ceased to operate when the Reds moved to Suncorp.
Pretty sure the NSW Rugby Club (behind Jacksons on George) operates in the same way
80 Minutes, 15 Positions, No Protection, Wanna Ruck?
Ruck Me, Maul Me, Make Me Scrum!
Education is Important, but Rugby is Importanter!
Yes thats right, the Sydney Rugby Club or The Rugby Club as it goes by was a reciprocal club with the Queensland Rugby Club. Offers a similar concept with a membership aimed at the business community, however the Sydney Rugby Club has stayed a bit more true to its roots in terms of focusing purely on rugby and rugby related events.
Remember when the Reds used to be everyone's second favourite team on here? Then they started winning games.
Still mine.
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It was mine until the RG defection and GeniaGate soured things. I've now adopted the ponies instead. After that it's the saffers I'm afraid!!
Reds are still my 2nd team even after RG and Geniagate