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Thread: CEOs concerned about rising costs, reduced revenue

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    CEOs concerned about rising costs, reduced revenue

    BRET HARRIS THE AUSTRALIAN OCTOBER 14, 2013 12:00AM


    THE five Australian Super Rugby teams' executives will hold an emergency meeting in Sydney today to discuss proposals they believe will threaten their financial viability.

    The hastily arranged meeting will be attended by the chief executives of the five franchises - the ACT Brumbies, Melbourne Rebels, NSW Waratahs, Queensland Reds and Western Force.

    It follows a teleconference last Thursday in which the CEOs received an update on the ARU's renegotiation of the collective bargaining agreement with the Players Association.

    An informed source told The Australian the Super Rugby teams faced the possibility of rising costs and reduced revenue as a result of proposed changes, which they could not accept.

    It is understood the ARU is proposing to reduce its funding to the Super Rugby teams and cut Test match payments.

    At the same time there is also a proposal to increase player salaries at Super Rugby level.

    The teams believe the financial impact of the proposed changes would be unpalatable and unsustainable.

    As a result, the CEOs decided to meet as soon as possible to discuss their response.

    At this point nothing has been agreed in relation to the CBA, so the Super Rugby teams still have time to argue their case. But there was a feeling the CEOs had to move urgently on the issue because some of the proposed changes relate to next year.

    It is also likely the CEOs want to determine their response before the ARU's board meeting in Sydney next week.

    Meanwhile, Wallabies winger Nick Cummins is expected to re-sign with the Force for another two years

    - See more at: http://www.theaustralian.com.au/spor....sv0037j9.dpuf

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    Legend Contributor Alison's Avatar
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    That's going to hit us the hardest due to our travel costs and lack of Wallabies on top-ups.

    On a brighter note, what about that last sentence?!!! AWESOME

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    Proudly Western Australian; Proudly supporting Western Australian rugby

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    Immortal Contributor The InnFORCEr's Avatar
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    Quote Originally Posted by travelling_gerry View Post

    Meanwhile, Wallabies winger Nick Cummins is expected to re-sign with the Force for another two years

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    80 Minutes, 15 Positions, No Protection, Wanna Ruck?

    Ruck Me, Maul Me, Make Me Scrum!

    Education is Important, but Rugby is Importanter!

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    Champion Tazzmania's Avatar
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    Quote Originally Posted by Alison View Post
    That's going to hit us the hardest due to our travel costs and lack of Wallabies on top-ups.

    On a brighter note, what about that last sentence?!!! AWESOME
    On the first point maybe we should negotiate an additional cost of living allowance like the Swans.

    On the second point, best news in ages.

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    Simon Cron: “People talk about winning and losing all the time and they are critical, but there’s a process to get into and it’s the ability to stay present, do your job and execute skills under pressure.”

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    (Previously WFDS) WFDom's Avatar
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    That (if true) is some good news to relieve the Monday morning blues!

    Now let's get O'Connor signed.... I will be very happy if our last two squad places are taken by Wallaby wingers!

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    Great game, Fucken battled right through to the 80!

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    Immortal Contributor The InnFORCEr's Avatar
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    Media at 9.30am today for first training session.

    Luke Morahan and Foley to be interviewed, and I am hoping that Floes spill the HB beans then.

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    80 Minutes, 15 Positions, No Protection, Wanna Ruck?

    Ruck Me, Maul Me, Make Me Scrum!

    Education is Important, but Rugby is Importanter!

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