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Thread: The RA announce a $3.8 million dollar loss

  1. #76
    Veteran Bakkies's Avatar
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    A lot of it goes to 7s, Wallaroos and the Aus Schoolboys. The RA have taken over the Aus Schoolboys from the ASRU.

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    'I may be a Senator but I am not stupid'


    https://omny.fm/shows/the-alan-jones-breakfast-show/cameron-clyne

    Link to Senate Report http://www.aph.gov.au/senate_ca

    https://www.change.org/p/rugby-australia-petition-for-cameron-clyne-to-resign-as-chairman-of-the-rugby-australia-board

  2. #77
    Legend Contributor Alison's Avatar
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    Quote Originally Posted by SteveWA View Post
    I can't find any details of how the ARF distributes its funds. Have any made it to WA?
    I don’t know. Is there anything in the RA 2017 Annual Report? They had some info in the 2016 Report but I haven’t checked this year’s. There isn’t anything on the ARF website as far as I could see.

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    Proudly Western Australian; Proudly supporting Western Australian rugby

  3. #78
    Veteran Bakkies's Avatar
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    Quote Originally Posted by valzc View Post
    Attachment 5251And so yet even further evidence about what we all knew anyway. ASIC are surely having a field day with the pack of snakes!
    Is that online yet?

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    https://omny.fm/shows/the-alan-jones-breakfast-show/cameron-clyne

    Link to Senate Report http://www.aph.gov.au/senate_ca

    https://www.change.org/p/rugby-australia-petition-for-cameron-clyne-to-resign-as-chairman-of-the-rugby-australia-board

  4. #79
    Champion valzc's Avatar
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    Can’t see it yet on Perth Now, tried to post it to wind ‘em up on GAGR, but can’t log in-so if someone (Steve/Andrew?) could do the honours which I’m sure you’d enjoy!

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  5. #80
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    Nick taylor Sunday times today mentions aru payments to directors rebels to gift to rebels
    If I read it corrctly

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  6. #81
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    RA aid saved Rebels
    The Sunday Times15 Apr 2018NICK TAYLOR
    RUGBY Australia money helped clear the debt that saved the Melbourne Rebels and effectively signed the Western Force’s Super Rugby death warrant.

    The revelation comes after this week’s RA announcement of a $3.8m loss for 2017, citing the messy axing of the Force as one of the factors.

    Confidential documents obtained by The Sunday Times show the Australian Rugby Union — now RA — agreed to pay former Rebels owner, New Zealand businessman Andrew Cox, $300,000 and then-director Peter Sidwell $200,000.

    The money was then paid to the Rebels.

    The payments, contained in a Deed of Settlement Release, relate to “disputes” with the Rebels over RA’s threats to axe the Rebels and directs the money to the Melbournebased club.

    The documents also state two other directors Lyndsey Cattermole and Bob Dalziel “gift” the Rebels $250,000 each. The combined amounts effectively cleared the Rebels debt of $789,811 that allowed Cox to sell the club to the Victorian Rugby Union for $1 under a Put Option agreement, effectively spelling the end of the Force as the Rebels could then not be closed.

    The document says, among others, Cox and Sidwell “had suffered loss and damage as a result of statements alleged to have been made by or on behalf of the ARU on and from 10 April 2017”.

    On April 10, RA chairman Cameron Clyne said a decision on which team would be cut would be made after consultation with the Force and rebels.

    Four days later the Rebels issued a statement saying they “unequivocally” rejected that RA could “chop or cut” the club and had notified it of its intention to seek compensation.

    The deed of settlement says Cox and Sidwell: “. . . respectively direct that the respective payments to them be paid to MRRUPL for the purposes of MRRUPL satisfying the Debt Free Requirement and MRRUPL agrees that these payments will be used solely for this purpose”.

    It also says Cattermole and Dalziel promise to the ARU “. . . they have each gifted $250,000 to MRRUPL for the purpose of MRRUPL satisfying the Debt Free requirement and MRRUPL agrees that these gifted amounts will be solely for this purpose”.

    Cox used the put option and sold 11,625,000 Rebels shares to the VRU on August 4 for $1.

    RA and the Rebels did not respond to questions.

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  7. #82
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    Absolute disgrace. Why cant anybody do anything about that lot at Moore Park. We talk about it but nothing ever happens. I don't understand.

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  8. #83
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    Where did you find the link. I can't see anything on Perth Now

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  9. #84
    Veteran Bakkies's Avatar
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    This is going straight to the pool room

    https://www.perthnow.com.au/sport/we...-ng-b88806001z

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    'I may be a Senator but I am not stupid'


    https://omny.fm/shows/the-alan-jones-breakfast-show/cameron-clyne

    Link to Senate Report http://www.aph.gov.au/senate_ca

    https://www.change.org/p/rugby-australia-petition-for-cameron-clyne-to-resign-as-chairman-of-the-rugby-australia-board

  10. #85
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    Good to see Nick Taylor is still chipping away.
    We won't see any support from the RA's mouthpieces and there was a clear example of this in Robinson's story that really p####ed me off. Fair enough she reported Pulver's golden handshake but then she went on to say what a good job he had done.
    Really?

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  11. #86
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    It's like they are playing with Monopoly money and just hand it out to whoever to achieve whatever end they want!! 😡

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  12. #87
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    Quote Originally Posted by Bakkies View Post
    Rugby Australia announces $3.8m loss for 2017 after AGM in Sydney
    The organisation acknowledged its move to cull the Force “greatly impacted the overall public sentiment around rugby” but said the benefits were yet to come.
    “2017 was an incredibly difficult year for Australian rugby,” Clyne said.
    “The difficult decision to remove a Super Rugby team was made with the game’s best interests at heart, but it resulted in a great deal of hardship.
    “Ultimately, we believe the decision will strengthen our code in the long term.
    Say what you like, this is the scripted response you will continue to hear, they are not going back on it.

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  13. #88
    Veteran Bakkies's Avatar
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    De Clyne is too much of a bumbling fool to read from scripts.

    Of course he won't go back on it as it would be admitting to a grave mistake that may drive the governing body broke.

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    'I may be a Senator but I am not stupid'


    https://omny.fm/shows/the-alan-jones-breakfast-show/cameron-clyne

    Link to Senate Report http://www.aph.gov.au/senate_ca

    https://www.change.org/p/rugby-australia-petition-for-cameron-clyne-to-resign-as-chairman-of-the-rugby-australia-board

  14. #89
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    Quote Originally Posted by Bakkies View Post
    This is going straight to the pool room

    https://www.perthnow.com.au/sport/we...-ng-b88806001z
    Well done to Nick Taylor.

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  15. #90
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    I am trying to reconcile the revelations in this article with the comments in Nick Taylor's article of November 26, 2017 attributed to Mr Pulver (in his statement before the Senate Inquiry) - https://www.perthnow.com.au/sport/ru...-ng-b88671547z

    “In fact, at the 12th hour minor shareholders within the Melbourne Rebels came forward with incremental capital to prop up the enterprise, which removed it from the prospect of insolvency. Those two (Force and Rebels) were both live right up until the final decision.”

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    Last edited by SteveWA; 15-04-18 at 19:02.

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