Results 1 to 13 of 13

Thread: IRB wants $250 million for RWC

  1. #1
    Immortal jargan83's Avatar
    Join Date
    Jan 2007
    Location
    Earth Capital
    Posts
    21,468
    vCash
    460000

    IRB wants $250 million for RWC

    I just read an article on the SMH website stating that the IRB wants to slug potential host nations for the 2015 RWC about $230 million and 2019 RWC about $258 million in order to secure hosting rights.

    Can someone in Computer land put it up here?
    Posted via Mobile Device

    0 Not allowed! Not allowed!

  2. #2
    Player Scotty's Avatar
    Join Date
    Feb 2008
    Location
    Perth
    Posts
    290
    vCash
    5200000
    Greedy IRB demands $250m for World Cup

    Greg Growden Chief Rugby Correspondent | July 10, 2008

    THE International Rugby Board has made an audacious dash for cash by deciding to slug countries an exorbitant $207million tournament fee to host the 2015 World Cup. And if any country wants to host the 2019 World Cup, it will cost a whopping $248m.

    When the IRB announced after its meeting in Hong Kong on Tuesday that the hosts of the 2015 and 2019 World Cups would be decided in July next year, a major detail was left out - massive up-front tournament fees.


    Greedy IRB demands $250m for World Cup - rugbyheaven.com.au

    0 Not allowed! Not allowed!

  3. #3
    Player Scotty's Avatar
    Join Date
    Feb 2008
    Location
    Perth
    Posts
    290
    vCash
    5200000
    Wow.

    Can anybody picture the ARU finding $250M to gift the IRB? O'Neil had a panic attack when they lost $2M on the ARC, how the hell would he sign a $250M IOU using money he doesn't even have yet?

    0 Not allowed! Not allowed!

  4. #4
    Champion Moses's Avatar
    Join Date
    Mar 2006
    Location
    Sydney
    Posts
    1,220
    vCash
    5000000
    I can see them getting the cash. They'd have to do some good financial modelling and make a good case for ROI then borrow it from Investors.

    Potentially they could go in a partnership bid with a TV network for cash up front in return for coverage rights

    0 Not allowed! Not allowed!

  5. #5
    Legend
    Apprentice Bookie
    Contributor .X.'s Avatar
    Join Date
    Oct 2005
    Location
    Sydney
    Posts
    6,697
    vCash
    -14799739
    I guess the question is who signs the TV Broadcast Right deal - the IRB or the host union - if its the IRB - its starting to smell like a double dip.

    This is starting to get rediculous, with the IRB demand Clean Skin Stadiums (free from advertising) the National Jerseys free from advertising. Even players who wear head protection have to use strapping tap to cover up branding.

    Exactly how are the host unions supposed to make any money out of the World Cup, They even have to give away half the tickets to the IRB.

    0 Not allowed! Not allowed!

    Exile
    Sydney


    "Pain heels. Chicks dig scars and Glory lasts forever." Shane Falco

  6. #6
    Champion
    Join Date
    Jan 2006
    Posts
    1,969
    vCash
    5000000
    Fair enough to!

    0 Not allowed! Not allowed!

  7. #7
    Legend Contributor fulvio sammut's Avatar
    Join Date
    Apr 2006
    Location
    booragoon
    Posts
    5,592
    vCash
    5064000
    But Ex, we had a bit of a giggle in '03 when NZ's inability to have cleanskin stadia gave us 100% of the games, didn't we?

    0 Not allowed! Not allowed!

  8. #8
    Veteran pieter blackie's Avatar
    Join Date
    Feb 2007
    Location
    Ellenbrook WA
    Posts
    2,574
    vCash
    5000000
    Is it really worth spending that money on a World cup?? only some of the ARU dictators and some of the elite rugby click will benifit out of it. Look at NZ rugby after the world cup they hosted!!!

    Just imagine how many Australian rugby players can benefit out of that money if spend correctly Clubs can upgrade there grounds ext.

    Will WA get to host any games and if so will it be something worth watching.

    0 Not allowed! Not allowed!

  9. #9
    Legend Contributor fulvio sammut's Avatar
    Join Date
    Apr 2006
    Location
    booragoon
    Posts
    5,592
    vCash
    5064000
    I don't think even the hardest dictator would make a bid unless he seriously thought he would make money out of it, Pieter.

    0 Not allowed! Not allowed!

  10. #10
    Veteran pieter blackie's Avatar
    Join Date
    Feb 2007
    Location
    Ellenbrook WA
    Posts
    2,574
    vCash
    5000000
    the world cup in NZ almost caused the NZRU to go bankrupting just because the kiwi's were eliminated early
    They are still struggling to get over it
    New Zealand rugby at crossroads

    The Great Sabbatical Debate

    Even their provincial rugby is suffering from it Rugby: Teams fight for survival in revamp

    0 Not allowed! Not allowed!

  11. #11
    Veteran beige's Avatar
    Join Date
    Jan 2008
    Location
    Perth
    Posts
    4,515
    vCash
    5000000
    French rugby made a profit of over 33 million Euros from last year's RWC.

    0 Not allowed! Not allowed!

  12. #12
    Champion
    Join Date
    Jan 2006
    Posts
    1,969
    vCash
    5000000
    And the 2 Biilion the Govt made...hence the 250 Million fee

    0 Not allowed! Not allowed!

  13. #13
    Champion prop53's Avatar
    Join Date
    Dec 2006
    Location
    Yanchep
    Posts
    2,366
    vCash
    5000000
    There is always money to be made, and O'Neil would not be looking at it if they wasn't. Perth well we got England v S. Africa in 2003 as well as Georgie, Samoa. So with the new stadium who knows who we would get then.

    0 Not allowed! Not allowed!

Similar Threads

  1. IRB announces record investment programme
    By KenyaQuin in forum International Rugby
    Replies: 0
    Last Post: 14-05-08, 09:47
  2. ARU to announce record loss
    By laura in forum Wallabies
    Replies: 19
    Last Post: 28-03-08, 21:44
  3. Rudd pulls funding plug on $40 million national academy
    By tdevil in forum Queensland Reds
    Replies: 17
    Last Post: 11-02-08, 06:18
  4. Losses put game at risk, warns O'Neill
    By Burgs in forum Wallabies
    Replies: 11
    Last Post: 14-09-07, 04:43
  5. Million Dollar Baby
    By Evie in forum Matt Giteau
    Replies: 8
    Last Post: 25-06-07, 06:40

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •