Axed Wallaby Israel Folau’s multi-million payout from Rugby Australia could reportedly take a major hit if the sport’s governing body is forced into insolvency.
The former fullback ace was sacked by RA last year over his homophobic social media posts, including one stating hell awaits homosexuals.
The two parties agreed to an out-of-court settlement in December after the Folau sued RA for religious discrimination.
While the terms weren’t made public, it’s understood to be around $3 million, which is the remainder of his four-year contract.
According to The Australian, the settlement is being paid off in instalments with those payments at risk should RA go under.
Should RA be forced to declare itself insolvent, Folau would become an unsecured creditor and depending on its assets, he’d likely be paid out only a few cents in the dollar.
Folau has been playing rugby league with French-based club Catalans Dragons in the Super League, although competition is currently suspended due to the coronavirus pandemic.
He is reportedly expecting his first child later this year with former netball star wife, Maria.
In brief
Guest
I haven’t read the comments but am sure a number of well intentioned social progressives have made their outrage known, once again. If you have a genuine interest in identity politics - which clearly you do- then rather than spouting off cliches I strongly recommend reading Douglas Murray’s excellent book the ‘The madness of crowds’. The come back when you are ready to have an intelligent conversation. Oh, and don’t bother slagging the book without reading it - a well worn anti intellectual ploy.
Christo the Daddyo
Roar Rookie
You’re still just guessing, and providing other rumors to ‘backup’ your guess.
Don
Roar Rookie
I think his lawyer is Lionel Hutz.
Gloria
Roar Rookie
Say it as often as you like. And have the merry band of RA supporters (a losing team if ever there was one) sing along. But it is well known by those ‘in the know’ that this has cost RA direct costs if at least $4M. Do you really think that the figure has been kept ‘secret’ when a myriad of people were directly involved in the negotiations, in finalising the documents, in distributing copies and it is in the interests of one side for the figures to be leaked? Dream on. dreamers, keep believing the unbelievable.
Micko
Roar Rookie
I don't think to specifically site the WC quarter final loss is fair. These things happen in tournaments.
Doctordbx
Roar Rookie
If this whole Wuhan virus epidemic has reminded me one thing it is the media is by and large the enemy of the people. This article is a perfect example of that and belongs with the continuous flow of journalists proposing the most hairbrain ideas as "what about?" questions for the PM around social distancing.
Jacko
Guest
I wasnt aware God was Chinese Piru...
Lux Interior
Roar Rookie
God is more likely to be genderless.
piru
Roar Rookie
Surely his god wouldn't send a plague that would endanger his piety payment?
Christo the Daddyo
Roar Rookie
Rugby won't fold, but the organisation that runs the professional side of the sport might. Just like all the administrators of all the codes are moaning about the potential death of their respective sports. Nobody is going to stop playing any of these sports for fun. But if some of the incompetent administrators can be weeded out over the next few months, that's no bad thing. I'm actually hoping the professional side of most codes will look very different post COVID-19 than it did prior.
Gary
Guest
To be fair Hooper can help.He should cut his massive 1.2 million a year salary for another 4 ears by 50 percent.That would save RA 2.4 million. He is a non essential RA employee.
Train Without A Station
Roar Guru
We lost plenty when Folau was around and before Castle was appointed.
Jacko
Guest
Yep neutral...there is a god...And he made sure RA had insurance....Or is it "She"
Bobby
Roar Rookie
The only reason I'd support a voluntary administration is to get rid of the unsecured debt if one, Israel Folau. Would be justice!
Sage
Roar Rookie
Folau - so yet another guest appearance. Good for you
In brief
Guest
Better still if Castle goes we might get our best player back and actually start winning again..
Mark Scarfe
Roar Guru
Im petty sure that companies and organisations take out insurance for this sort of thing.
Mr Right
Roar Rookie
Strolling down the Avenue des Champs-Élysées? Wouldn't it be humorous listening to the knuckle scraper trying to pronounce the location.
Kane
Roar Guru
Hmmm Hooper?
Harry Jones
Expert
The issue is ... there are sometimes Pyrrhic victories. Rarely, do both sides suffer the same "victory."