Page 61 of 149 FirstFirst ... 11 51 57 58 59 60 61 62 63 64 65 71 111 ... LastLast
Results 901 to 915 of 2231

Thread: Terms of Reference for a Senate Inquiry into the Future of Rugby Union in Australia

  1. #901
    Player UAUdiver1959's Avatar
    Join Date
    Sep 2017
    Location
    Mullaloo
    Posts
    209
    vCash
    5152000
    Senator Reynolds was certainly pushing the line about the Iperium 'trust' account that the ARU 'extra' funds went into. The eventual point will be that the ARU board, our games custodians have been shambolic at best when handling and then mismanaging the ARU funds;
    a) write off $13m
    b) reject a deal to buy back the rebels licence that would have repaid most of the above
    c) gave Cox upwards of $6m with no 'ZERO' accountability and no tractability; and (though not mentioned)
    d) allow the national coach to dictate terms when he demands Beale and Genia be returned to Australia at $600k and $700k apiece.

    0 Not allowed! Not allowed!

  2. #902
    Champion
    Join Date
    Aug 2015
    Location
    Reality
    Posts
    1,312
    vCash
    5342000
    Quote Originally Posted by UAUdiver1959 View Post
    Senator Reynolds was certainly pushing the line about the Iperium 'trust' account that the ARU 'extra' funds went into. The eventual point will be that the ARU board, our games custodians have been shambolic at best when handling and then mismanaging the ARU funds;
    a) write off $13m
    b) reject a deal to buy back the rebels licence that would have repaid most of the above
    c) gave Cox upwards of $6m with no 'ZERO' accountability and no tractability; and (though not mentioned)
    d) allow the national coach to dictate terms when he demands Beale and Genia be returned to Australia at $1 million and $800k apiece.
    And thats not including any potential contract buyouts the ARU may have had to pay for releases. Dr Masters submission explains quite well the detrimental affect the Giteau Law has had on Super Rugby and the ARUs finances.

    0 Not allowed! Not allowed!

  3. #903
    Champion Bakkies's Avatar
    Join Date
    Sep 2017
    Posts
    1,412
    vCash
    5160000
    Beale knocked back a second season option with Wasps but of course he would be on a top up straight away. Genia was far more complicated due to the deals he had with Bath and Stade Francais.

    The ARU refused to pay out the full remainder of Douglas' Leinster contract that had two seasons left. This is despite clearly tapping him up after he just left and Leinster funded his rehab for a back injury he picked up inspecting rucks. He has been such a good investment with his injury and getting dropped by a ....house Reds team.

    The Genia and Douglas deals combined would have costed over a million easily.

    0 Not allowed! Not allowed!

  4. #904
    Legend Contributor Alison's Avatar
    Join Date
    Aug 2006
    Location
    Perth
    Posts
    5,915
    vCash
    5666000
    TWF Contributor!
    Ha! They turned down my story with those very figures in it!!

    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)

  5. #905
    Champion Bakkies's Avatar
    Join Date
    Sep 2017
    Posts
    1,412
    vCash
    5160000
    It wasn't you that was laughing at North and Clarke lying about the spreadsheet

    0 Not allowed! Not allowed!

  6. #906
    Senior Player andrewM's Avatar
    Join Date
    Apr 2006
    Location
    Ellenbrook
    Posts
    968
    vCash
    5552000
    Quote Originally Posted by Alison View Post
    Ha! They turned down my story with those very figures in it!!
    And I think you need to remind them of that Alison!

    2 Not allowed! Not allowed!

  7. #907
    Immortal Contributor shasta's Avatar
    Join Date
    Feb 2006
    Location
    Mandurah
    Posts
    11,694
    vCash
    5682000
    The Bronze Star of Faith TWF Contributor!
    Quote Originally Posted by Darkness View Post
    Seems like the Alan Bond defence of "I can't recall " is getting a good workout.
    Which may not be such a bad thing. Bond was convicted and went to prison. Which, luckily for him, turned out to be an amazing cure for his dementia and mobility problems. Even if it did leave the tiny skerrick of his once great credibility and reputation, in the gutter.

    Downside for us is that we might be the Bell Resources shareholders of this scam.

    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

  8. #908
    Senior Player
    Join Date
    Jul 2012
    Location
    Bullcreek
    Posts
    832
    vCash
    5672000

    0 Not allowed! Not allowed!

  9. #909
    Champion
    Join Date
    Aug 2015
    Location
    Reality
    Posts
    1,312
    vCash
    5342000
    Senate inquiry hears Twiggy Forrest called ARU's bluff to save Western Force

    The Australian Rugby Union's rejection of billionaire Andrew Forrest's $50 million offer to save the Western Force was a backflip that came weeks after it told him such a figure would save the club, a Senate inquiry has heard.

    The revelations were made by the mining magnate's friend, former rugby professional and businessman John Welborn at a Senate hearing into the controversial axing of the Western Force.
    If Forrest provided the money, the ARU said its board and CEO would also resign, he said.

    Welborn said Forrest had called the ARU's bluff.

    He and Forrest asked ARU chairman Cameron Clyne what they could to save the Force and were given a list that was supposed to be impossible to meet.

    Welborn said the response was: underwrite the Western Force for the next eight years, fund grassroots rugby by $6 million a year for eight years and compensate the Super Rugby competition by $20 million to cover the costs in keeping the Force.

    Welborn said that when Forrest told them he was willing to provide $50 million: "I think they were shocked when Andrew turned up willing to make ... the largest philanthropic sporting donation of all time."

    They were told it was too late and RugbyWA should have got help earlier.

    The sport's financial problems and justification for dumping the Force were in the "single figure millions".

    http://www.smh.com.au/rugby-union/un...11-gyz4tw.html

    0 Not allowed! Not allowed!

  10. #910
    Player
    Join Date
    Jan 2007
    Posts
    292
    vCash
    5176000
    Impressive day, it was frustrating when they kept mentioning running out of time. I assume there is not a day tomorrow set aside with any new witnesses?

    Can they arrange another day to question more witnesses eg. PULVER ( for the second time ) or CLYNE.. not that it would do much good with those two deflecting their answers and refusing questions, but it would still be good to watch them squirm.

    I assume now there is the 12th cut off for submissions, no more witnesses or days dedicated to the inquiry, and a report issued sometime in November, so for now it is just a waiting game?

    0 Not allowed! Not allowed!

  11. #911
    Player
    Join Date
    Feb 2014
    Location
    Girrawheen
    Posts
    196
    vCash
    5094000
    There was some mention of possibly another hearing day in Canberra. I would imagine that they could also extend the November deadline due to the amount of evidence that needs to be checked

    0 Not allowed! Not allowed!

  12. #912
    Player
    Join Date
    Feb 2014
    Location
    Girrawheen
    Posts
    196
    vCash
    5094000
    It seems to have been agreed by the others that Pulver will take the blame for alot of what has happened, after all he has already resigned

    0 Not allowed! Not allowed!

  13. #913
    Champion
    Join Date
    Jun 2012
    Location
    home
    Posts
    1,310
    vCash
    5216000
    Inquiry hears Andrew Forrest called ARU’s bluff
    Nick Taylor
    Wednesday, 11 October 2017 7:18PM
    Mining magnate Andrew Forrest called the Australian Rugby Union’s board's bluff when they said they would save the Western Force and resign if he pumped $70 million into the sport.
    He agreed. They backed down.
    Details of the demands were revealed for the first time during Wednesday’s senate inquiry into the future of rugby in Australia.
    Former Wallaby and Force foundation player John Welborn, an adviser for the proposed Indo Pacific Rugby Championship, said the ARU terms were presented to RugbyWA.
    But in a two-hour meeting a few days later with a Forrest deputation, the ARU board members never raised them again.
    Welborn claims the ARU said the Force could be saved if:
    The Western Force and all the other four Australian Super Rugby sides received equal funding.
    The Western Force was underwritten for the remaining three years of the broadcasting contract and a further five years.
    Forrest guaranteed to ensure the Force and RugbyWA would be in a “no loss” position.
    That $6 million a year for eight years would be pumped into grassroots rugby.
    That $20 million be provided in compensation to SANZAAR for the retention of the Force.
    “If accepted, the ARU board would resign to be replaced by a new board along with a new CEO,” Welborn said.
    More here
    https://thewest.com.au/sport/rugby-u...-ng-b88626600z

    0 Not allowed! Not allowed!

  14. #914
    Legend Contributor Alison's Avatar
    Join Date
    Aug 2006
    Location
    Perth
    Posts
    5,915
    vCash
    5666000
    TWF Contributor!
    Quote Originally Posted by Bakkies View Post
    It wasn't you that was laughing at North and Clarke lying about the spreadsheet
    Nah. It was me who was angrily waving the Melbourne Rebels' 2014 financial statements in the air when North was saying he didn't know how much they had received in ARU loans. And the reason I was waving them was because he was a director of the MRRU at the time and was therefore party to the Directors' Report in those financial statements. He damn well knew exactly what they'd received.

    Geez he obfuscates well. Must be all those years at the bar listening to defendants do it.

    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)

  15. #915
    Champion Tonkar's Avatar
    Join Date
    Feb 2008
    Location
    west Kulin / East Wickepin
    Posts
    1,346
    vCash
    5334000
    As i see it .. No matter who blames who in this case the ARU are a collective of administrators paid to make decision for the betterment of rugby in Australia.. No one person can sign cheques all monies have to be presented at all board meetings..
    From petty cash to large acquisitions every purchase has to be voted for and seconded.. No one in that office is free from the damage that has been done.. They can all chuck one and other under the bus but they all need to be accountable.. Would love to see the minutes of the board meetings..

    The Senate committee should suspend all funds of the ARU and send in an Administrator to over see the day to day running of the current finances.. All passports of past and present administrators should be seized. The team of staff involved with the day to day running of the Wallabies and managing on going projects should be allowed to continue their jobs but no funds can be released u ntill it is approved by the Administrator..

    All Super rugby clubs get their salary broadcast fund and nothing else.. .
    ASIC need to then raid the offices and seize all computers and all Board meeting minutes and do a thorough report into the use of public funds

    4 Not allowed! Not allowed!

Page 61 of 149 FirstFirst ... 11 51 57 58 59 60 61 62 63 64 65 71 111 ... LastLast

Similar Threads

  1. Replies: 6
    Last Post: 25-08-17, 18:06
  2. Rugby terms
    By andrewM in forum Rugby
    Replies: 27
    Last Post: 18-07-13, 10:23
  3. Replies: 6
    Last Post: 18-03-11, 11:04
  4. Inquiry into QLD Rugby Union grant
    By pieter blackie in forum Queensland Reds
    Replies: 1
    Last Post: 16-12-09, 18:43

Posting Permissions

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