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Thread: VRU looks to syndicate to save Melbourne Rebels

  1. #1
    Join Date
    Jun 2012

    VRU looks to syndicate to save Melbourne Rebels

    This slipped past me last week but there was an interesting line in it.

    Nick Taylor
    Friday, 14 July 2017 3:55PM

    The Victorian Rugby Union is in talks with a wealthy syndicate as they battle to save the Melbourne Rebels from the ARU axe next season.
    The VRU wants the syndicate, understood to include foundation shareholders, to buy the Super Rugby licence from Rebels owner Andrew Cox and hand them control of the loss making club.
    The ARU is trying to cut either the Rebels or Western Force from the competition.
    The move comes amid reports that Cox is in negotiations with the ARU and the Victorian Government about relinquishing his hold on the struggling club.
    However, it is understood the Victorian government will not assist financially and a planned rugby centre of excellence is now unlikely to go ahead.
    Cox, who bought the Rebels licence for $1, previously offered to sell it back to the ARU for $4.75 million. He then said he would not sell the club just to see it closed and warned he would start legal action against the governing body.
    The ARU, that has to sign-off on any sale or transfer of the licence, was given notice for mediation by the Rebels last month but the meeting was cancelled. An ARU spokesman said informal discussions would continue.
    Victoria’s Sports Minister John Eren said: “The Victorian Government will continue working with the ARU and the VRU to ensure the Rebels are here to stay.”
    The VRU did not return calls.
    The Force are confident they have a watertight alliance agreement with the ARU as they head into arbitration in two weeks.
    They claim the ARU have obligations under the agreement signed last May by the club and the governing body that commits both parties through the current broadcast deal that ends in 2020.

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  2. #2
    Immortal Contributor shasta's Avatar
    Join Date
    Feb 2006
    It went on line while the Rebels were playing the Jaguars. Probably the reason they were not answering the phone calls.

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    "The main difference between playing League and Union is that now I get my hangovers on Monday instead of Sunday - Tom David

  3. #3
    Join Date
    Jan 2008
    Perth South
    If the ARU allow the licence to be transferred then surely it proves even more how much they wanted us gone.

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