Page 5 of 5 FirstFirst 1 2 3 4 5
Results 61 to 75 of 75

Thread: ARU set to clear the air on Western Force’s future

  1. #61
    Legend Court Reporter
    Contributor
    James's Avatar
    Join Date
    Aug 2006
    Location
    Christmas Island
    Posts
    5,763
    vCash
    16030000
    TWF Contributor! TWF Competition Runner Up!
    Quote Originally Posted by jargan83 View Post
    F1 race?
    Yeah but marginal- you can train from London to the F1 in less than an hour.

    Plenty of things London has that Melbourne doesn't. And I mean things that people outside Australia care about.

    2 Not allowed! Not allowed!
    Smoke me a kipper, I'll be back for breakfast.

  2. #62
    Player
    Join Date
    Apr 2013
    Location
    Kalamunda
    Posts
    197
    vCash
    5090000
    Quote Originally Posted by Alison View Post
    Surely it has if Cox has said he's not selling?
    It seems to me that Cox's interests may have been damaged in two ways (at least).
    1. Financial, reputational, commercial and personal damage to the Rebels brand and to Cox caused by the ARU announcing that the Rebels were at risk of being culled.
    2. Statements that senior ARU management had, over numerous years, expressed doubts on the financial viability of having five Australian teams in Super Rugby and that "this concern was not conveyed to Imperium Sports Management prior to its acquisition of MRRU despite the full board and management of the ARU having the opportunity to do so".

    The remedies for this possible damage could be significantly greater than what the ARU might have been able to offer Cox to buy back the MRRU franchise.

    0 Not allowed! Not allowed!

  3. #63
    Legend Contributor Alison's Avatar
    Join Date
    Aug 2006
    Location
    Perth
    Posts
    5,211
    vCash
    5374000
    TWF Contributor!
    On that second point, Cox should have done his due diligence. Even I - a simple person with no business acumen whatsoever - was able to see from the ARU's published accounts from 2011 onwards that the MRRU was a financial disaster! The $13million owing to the ARU in accumulated loans was a bit of a giveaway I'd have thought!

    1 Not allowed! Not allowed!
    I may be wrong...but I highly doubt it, because I'm an Alison
    (Note for dullards: this 'signature' is not meant to be taken seriously)

  4. #64
    Senior Player andrewM's Avatar
    Join Date
    Apr 2006
    Location
    Ellenbrook
    Posts
    795
    vCash
    5260000
    Will we be seeing your investigative report on the big stage soon Alison?

    0 Not allowed! Not allowed!

  5. #65
    Legend Contributor Alison's Avatar
    Join Date
    Aug 2006
    Location
    Perth
    Posts
    5,211
    vCash
    5374000
    TWF Contributor!
    Quote Originally Posted by andrewM View Post
    Will we be seeing your investigative report on the big stage soon Alison?
    Hahaha! I'm working on it but it's hard to get the journos interested when there are so many much easier headlines to write about at the moment! Plus, only the west coast really cares :-(

    0 Not allowed! Not allowed!
    I may be wrong...but I highly doubt it, because I'm an Alison
    (Note for dullards: this 'signature' is not meant to be taken seriously)

  6. #66
    Player
    Join Date
    Apr 2013
    Location
    Kalamunda
    Posts
    197
    vCash
    5090000
    Quote Originally Posted by Alison View Post
    On that second point, Cox should have done his due diligence.
    You'd expect that Cox is nobody's dummy and that he knows the importance of a good DD, especially for a complex and high risk business like a sporting team.

    So I wonder
    1. What information was (and was not) visible to his DD team, and
    2. Is there some form of side letter which indemnifies him against future losses by MRRU?

    1 Not allowed! Not allowed!

  7. #67
    Veteran SNOB's Avatar
    Join Date
    Jan 2009
    Location
    Carramar
    Posts
    3,201
    vCash
    10026000
    Quote Originally Posted by FingerTips View Post
    You'd expect that Cox is nobody's dummy and that he knows the importance of a good DD, especially for a complex and high risk business like a sporting team.

    So I wonder
    1. What information was (and was not) visible to his DD team, and
    2. Is there some form of side letter which indemnifies him against future losses by MRRU?
    It has to be number two! 💩

    0 Not allowed! Not allowed!
    May the FORCE be with you!

  8. #68
    Legend Contributor Alison's Avatar
    Join Date
    Aug 2006
    Location
    Perth
    Posts
    5,211
    vCash
    5374000
    TWF Contributor!
    I would not be at all surprised if it was 2. or a variation of it. The writing off of the loans, plus the $2.6million "special payment" the ARU paid the MRRU in 2016 (on top of its standard SR grant) "as part of the [2015] sale agreement" suggest to me some sort of "for the love of God, PLEASE take this pile of crap of a company off our hands" kind of a deal!!

    0 Not allowed! Not allowed!
    I may be wrong...but I highly doubt it, because I'm an Alison
    (Note for dullards: this 'signature' is not meant to be taken seriously)

  9. #69
    Immortal Contributor shasta's Avatar
    Join Date
    Feb 2006
    Location
    Mandurah
    Posts
    10,860
    vCash
    5390000
    The Bronze Star of Faith TWF Contributor!
    Quote Originally Posted by SNOB View Post
    It has to be number two! 💩
    I know the ARU comes across as impossibly incompetent over the whole history of The Rebels. But surely even they could not have been stupid enough to have written off all debt, given the licence away gratis AND THEN indemnified the owner against any future losses. I mean what possible upside could any sane person see in that?

    1 Not allowed! Not allowed!

  10. #70
    Champion sittingbison's Avatar
    Join Date
    Jun 2011
    Location
    North Freo
    Posts
    1,597
    vCash
    5178000
    Quote Originally Posted by shasta View Post
    ....I mean what possible upside could any sane person see in that?
    ahhhhhh, we are talking about the ARU here shasta

    Its GOT to be number twos

    1 Not allowed! Not allowed!
    Pressure? Pressure is a Messerschmidt up your arse

  11. #71
    Immortal Contributor shasta's Avatar
    Join Date
    Feb 2006
    Location
    Mandurah
    Posts
    10,860
    vCash
    5390000
    The Bronze Star of Faith TWF Contributor!
    Maybe you're right about Pulver doing his best, and I have no doubt he has a love for the game. BUT he threw his hat in the ring for the highest paid professional position in Australian Rugby. He's accountable. End of story. What is said here is not a lot different to what has been in the ES media. It counts for FA anyway, in comparison.

    0 Not allowed! Not allowed!
    "The main difference between playing League and Union is that now I get my hangovers on Monday instead of Sunday - Tom David

  12. #72
    Veteran Contributor hertryk's Avatar
    Join Date
    Aug 2007
    Location
    Stirling
    Posts
    4,767
    vCash
    5054000
    Does ANYONE ANYWHERE think these charlatans have done a good job over this shamozzle? If not how are they still there pulling outrageous salaries! A private company would have sent them on their way'! They are playing with decent hardworking people's lives for goodness sake!🤑🤑🤑😡😡

    3 Not allowed! Not allowed!

  13. #73
    Rookie
    Join Date
    May 2012
    Location
    Shanghai
    Posts
    83
    vCash
    5018000
    Who will represent the Forces's interests at the meeting this week?

    0 Not allowed! Not allowed!

  14. #74
    Immortal GIGS20's Avatar
    Join Date
    Sep 2006
    Location
    Rockingham
    Posts
    16,435
    vCash
    1026000
    The Bronze Star of Faith
    Cameron clone or Rob Clarke if management have their way

    0 Not allowed! Not allowed!
    C'mon the

  15. #75
    Legend Contributor Alison's Avatar
    Join Date
    Aug 2006
    Location
    Perth
    Posts
    5,211
    vCash
    5374000
    TWF Contributor!
    Quote Originally Posted by Transiting View Post
    Who will represent the Forces's interests at the meeting this week?
    We should take Malcolm McCusker along to show them we mean business!

    2 Not allowed! Not allowed!
    I may be wrong...but I highly doubt it, because I'm an Alison
    (Note for dullards: this 'signature' is not meant to be taken seriously)

Page 5 of 5 FirstFirst 1 2 3 4 5

Similar Threads

  1. Replies: 37
    Last Post: 25-02-17, 14:35
  2. Western Force vow to step up battle for their future
    By wholetruth in forum Western Force
    Replies: 0
    Last Post: 20-02-17, 16:26
  3. Hodgson backs future of Western Force
    By volvo in forum Western Force
    Replies: 16
    Last Post: 23-10-16, 23:23
  4. Tough Season Preps Western Force for Future
    By Darren in forum Western Force
    Replies: 2
    Last Post: 18-05-10, 21:02
  5. Future of the Western Force hangs in the balance
    By travelling_gerry in forum Western Force
    Replies: 11
    Last Post: 27-02-09, 12:18

Posting Permissions

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