posted by poor advice....
Brumbies face financial uncertainty
ESPNscrum Staff
December 27, 2011
The Brumbies insist they will only seek funds from the Australian Rugby Union as a last resort as they face up to a cash-flow crisis.
The Australian franchise have been cast into financial uncertainty less than two months before the new Super Rugby season after Chinese telecommunications and technology giant Huawei pulled out of a sponsorship deal worth AUS$4 milllion.
The Brumbies still hope to revive the four-year deal or find a new principal sponsor prior to the Super Rugby season starting on February 24. However if those avenues prove fruitless, Brumbies chief executive Andrew Fagan admits a temporary cash injection from the ARU could be an option.
"If we need assistance, the ARU has assured us that they will provide it," Fagan told Canberra Times. "But our first step is to see if anything can be resolved with Huawei.
"Subject to it being delayed or deferred, we need to look for another partner. If that takes longer than we would like, then the ARU sits there as one organisation that could provide cash-flow support. It's not a long-term issue for us, it's a short-term cash flow issue.
Computer Associates ended their 15-year sponsorship of the team last season as the two-time champions recorded their worst ever finish in Super Rugby history. However Fagan said the Chinese company had been very close to concluding the deal.
"It got to the stage of approving jersey designs," Fagan said. "We were awaiting the global board's rubber stamping of the agreement, which I understand was received last week.
"There were some unrelated issues that arose that Huawei needed to address, that essentially meant instead of signing contracts on Thursday we received notification that they weren't able to confirm the sponsorship."
http://www.espnscrum.com/scrum/rugby/story/156642.html
who was it that the brumbies were the only team not to have a major sponsor on their jerseys at the unvieling?
They are on the road to getting a new sponsor soon
Commonly known as the ARUOriginally Posted by The Man
80 Minutes, 15 Positions, No Protection, Wanna Ruck?
Ruck Me, Maul Me, Make Me Scrum!
Education is Important, but Rugby is Importanter!
wasted too much $$$ enticing Gits back
Chuck Norris has the greatest Poker-Face of all time. He won the 1983 World Series of Poker, despite holding only a Joker, a Get out of Jail Free Monopoly card, a 2 of clubs, 7 of spades and a green #4 card from the game Uno.
get them to ring Tony Johnson,I'm sure he will come up with something
http://en.wikipedia.org/wiki/Firepower_International
are you mean Tim Johnson, thats one PILL the Brumbies dont need to swallow... they have other sponsors...
yeah..... http://www.medieval-castles.org/inde...hinese_torture
yeah,tim johnson,gitts remembers him fondly(not)
The Brumbies, as with their supporters, prefer to take their pills as suppositories.
Smoke me a kipper, I'll be back for breakfast.
It's all Innuendo
(Italian Suppository)
The Brumbis will fire
Total clean out of the dead wood
new coach and management......the real deal at that
The end to player power that has dogged the club for a long time
A group of young ball tearers eager for opportunity
Success will see the sponsors lining up
No wucken furries
Believe and achieve
..................Ma Food leaving the club
Controversy corner
I'll believe that when I see it.
C'mon the
The place was broomed
The Saffer coaching panel won't put up with whining little b1tches
Controversy corner
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