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jack

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Joined October 2017

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Yep, you are right, I have very little idea how sponsorships work. agree with your comments

Izzy and Rugby AU: A monumental misconception

sorry about that – the system has a time delay in accepting submissions.

Izzy and Rugby AU: A monumental misconception

I would think that entity would have to ‘toe the line’ so to speak. Follow my bidding. Yes?

Izzy and Rugby AU: A monumental misconception

I would think that if I paid close to $10 million to an entity in advance, then that entity would have to ‘toe the line’ so to speak. Follow my bidding. Yes?

Izzy and Rugby AU: A monumental misconception

According to the RA financials, they have already received close to $10 million in sponsorship monies, so I’m not sure how it would work if they wanted to pull out. What do you think?

Izzy and Rugby AU: A monumental misconception

Fionn, could you tell me which sponsors are threatening to pull out please

Izzy and Rugby AU: A monumental misconception

Fionn, you say there are “threats of sponsors pulling out, risking the financial sustainability of the sport.”
Do you know who these sponsors are? Is it Qantas? What other sponsors are making these threats?
Finally, with the prepayment of sponsorships of close to $10 million as listed on RA financial statements, I put it to you that RA is now a resource controlled by Qantas from which Qantas is likely to receive economic benefit in the way of publicity and sales , and RA should therefore be considered an Asset of said Qantas.

Izzy and Rugby AU: A monumental misconception

TWAS when you say they “are saddled with this issue from the past” you infer that it is something that happened to them but they are the architect of what is happening to them now.

They haven’t been saddled with anything. They chose to pump money into Melbourne Rugby ($10.2m in 2017, $7.55m in 2018, over and above what other SR franchises were receiving each year, circa $5.6 m in 2017, $5.8 m in 2018, need I go back further), they chose not accept Andrew Forrest’s money.

This path has been engineered by RA themselves, they have not simply been “saddled” with it.

Rugby Australia names panel for Folau code of conduct hearing

a good analysis of NZ dire situation! (I wish that was the type of problems we faced in Australian rugby)

Hansen won’t rush to swap Barrett for Mo’unga

TWAS you are getting confused again.
A deficit refers to less cash coming in than going out. When there is a short fall between revenue and expenses that is called a loss.
Getting the deferred revenue in advance to prop up the sinking ship so that they can pay wages and superannuation will keep them afloat.
What is happening is that RA have pulled in about $17.628 m of moneys that don’t actually vest until 2019 and even longer – 2020, maybe longer, the notes do not tell us. So those sponsors and Gov grants have been paid up and wont be paying again until 2021. Who will keep the RA ship afloat? They have equity of $26.7 m and once that is gone so are they.

Rugby Australia names panel for Folau code of conduct hearing

Not at all – you try to bring up distractions and side rail conversations when you don’t like what is being said.

Rugby Australia names panel for Folau code of conduct hearing

that’s not true TWAS

Rugby Australia names panel for Folau code of conduct hearing

Not interesting at all. Are they going to axe a home based team to save themselves?

Rugby Australia names panel for Folau code of conduct hearing

If it happens again and again then it is not a one off deficit. It is an ongoing issue.

Rugby Australia names panel for Folau code of conduct hearing

And without the Super Rugby government funding of $3,500,000 paid up front in 2018 for periods of 2019 and beyond , the cash balance would have been about $3 m deficit for the 2018 financial year! Thank goodness the Victorian government came good with their payout to RA ( I didn’t want to go to this, but the numbers have led me there) and that is what saved the Melbourne Rebels – the big bucks up front from Tim Pallas.

Rugby Australia names panel for Folau code of conduct hearing

Rhys, but she didn’t say anything about accounting discussions ?

Rugby Australia names panel for Folau code of conduct hearing

TWAS, Do you know for a fact that the remainder of the Qantas sponsorship was never the issue?

Rugby Australia names panel for Folau code of conduct hearing

Yes TWAS, it is not listed on the ASX, well done.
However, the reference was to the analysis of the financials, not the performance of the entity. In which case, a simple analysis by a boofhead like me has revealed that RA are in a perilous financial position, having received Sponsorship money in 2018 that relates to their performance in 2020, one of their key players who they signed up for four years is about to get the sack and the underlying performance of the core Wallaby team is woeful under Michael Cheika, a coach who many argued should have been sacked last year but some how hung on to the sinking ship. Yet the Directors have signed off on last year’s accounts with an optimistic notion that dreams and hopes really can come true.

Rugby Australia names panel for Folau code of conduct hearing

if it has locked them in to pulling forward the revenue year after year, then it hasn’t ‘happened once’, it’s happened time and time again

Rugby Australia names panel for Folau code of conduct hearing

And Hanigan’s knee? Has he fully recovered?

Foley says Folau is hurting the Waratahs

How is Beale’s tonsilitis? I do hope he is up to playing at 100% this week. (hope that was classy and genuine enough for you Fionn)

Foley says Folau is hurting the Waratahs

At least QANTAS can no longer dictate what RA do, since they can not threaten to withold the sponsorship money – RA don’t have the money to give it back and QANTAS are stuck with them until end of 2020. After that hopefully we’ll all have a new board and CEO

Rugby Australia names panel for Folau code of conduct hearing

As a Rebels supporter I am unmoved by your pain. Suck it up sugar.

Foley says Folau is hurting the Waratahs

What is also of concern is that $8m of Deferred revenues have been received in 2018 that relates to the activities of 2020.

Rugby Australia names panel for Folau code of conduct hearing

Sponsorships $4.364m as a CL and $5m as a NCL, World Rugby Grants $4.055 m, Super Rugby Government Funding $0.5 m as a CL and $3m as a NCL, Ticketing $99,000, Other $610,000. So TWAS, plenty of sponsorship in advance, almost $10m actually.

Rugby Australia names panel for Folau code of conduct hearing