Sam Scott-Young willing to invest $1m into Queensland Reds

[beige]

By Jim Tucker
April 01, 2010

Straight-Talking former Wallaby Sam Scott-Young is ready to invest $1 million in to Queensland Reds if their form surge on the field is backed up by reform in the boardroom.

The staggering plan to put his money where his mouth is as a part-owner is far more than one-eyed passion for the state jersey he wore 81 times in the 1980s and '90s.

"Footy is business and it has to be run that way," said Scott-Young, a self-made success story who has built his wealth through selling orthopedic products.

"It's exciting that the Reds are finally on the rise.

"The way I see it, winning, more bums on seats, selling the brand, bringing in sponsorship and a shake-up of ideas is very feasible to give an investor a return.

"Yep, one million . . . that's the amount I'm prepared to invest and it may be a year from now when the right changes are ironed out to make it a goer."

Read more: http://www.foxsports.com.au/story/0,...-23217,00.html

[TOCC]

a privatised Reds will be a few years away, whilst it is a important topic, the QRU first need to figure out what they are going to do with Ballymore and get the organisation running in the black or at least on the path towards profit before they privatise the Reds.

[GIGS20]

Possibly a private investor (in the vein of being a venture capitalist) would be exactly the way for them to go....providing some high-quality business nouse to solve those issues.

It wouldn't be the first organisation in the country to be reformed by a businesslike approach.

[TOCC]

well it sounds like for the first time in years everyone has the same priorities, It was announced last week that John Eales has agreed to be the QRU representative on the ARU board, this is a great move considering Eales is highly respected in the rugby fraternity and has a very good buisness nous about him.