NH club rugby
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Pat Lam's newly promoted Bristol (with Luatua as captain) has beaten Todd Blackadder's Bath 17-10 in the first round of the English premiership. Plenty of Kiwis and the immortal George Smith playing.
Bristol: 15 Luke Daniels, 14 Luke Morahan, 13 Will Hurrell, 12 Tusi Pisi, 11 Alapati Leiua, 10 Ian Madigan, 9 Nic Stirzaker, 8 Jordan Crane, 7 George Smith, 6 Steven Luatua (c), 5 Chris Vui, 4 Ed Holmes, 3 John Afoa, 2 Harry Thacker, 1 Yann Thomas
Replacements: 16 Shaun Malton, 17 Jake Woolmore, 18 Jake Armstrong, 19 Joe Latta, 20 Jack Lam, 21 Andy Uren, 22 Callum Sheedy, 23 Ryan EdwardsBath: 15 Tom Homer, 14 Semesa Rokoduguni, 13 Jackson Willison, 12 Jamie Roberts, 11 Joe Cokanasiga, 10 Rhys Priestland, 9 Chris Cook, 8 Taulupe Faletau, 7 Sam Underhill, 6 Zach Mercer, 5 Matt Garvey (c), 4 Dave Attwood, 3 Henry Thomas, 2 Jack Walker, 1 Nathan Catt
Replacements: 16 Tom Dunn, 17 Will Vaughan, 18 Anthony Perenise, 19 Elliott Stooke, 20 Francois Louw, 21 Max Green, 22 Freddie Burns, 23 Aled Brew -
Joe Schmidt”s old team, Leinster Rugby, had it all to,do to come from 15 poimts behind to beat Cardiff at the death 33-32. Michael Bent and Jamison Gibson Park were playing for the men in blue with the replacement scrumhalf dotting down for their third try. Jason Harries and Ray Lee Leo dotted down for Cardiff alongside Nick Williams and Willis Halaholo.
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@majorrage Not a great surprise for O’Connor. Tigers missed out on the play offs last season. First time for 14 years or something. Lost the last game of the season woefully when the win would have done it. A truly awful performance against Exeter on Saturday was just the last straw. Apparently he has “lost the dressing room “ too.
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@majorrage said in NH club rugby:
Was this the bloke who had on the on-air meltdown on Irish tv after 2011 World Cup final?
He’s Australian. Why would he be having an on-air meltdown about the 2011 RWC final on Irish TV? He was Head coach at Leicester at the time.
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@derm-mccrum beats me. But why should I bother dissecting it? We won.
May not have been him btw, Defo an Aussie tho
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@majorrage said in NH club rugby:
@derm-mccrum beats me. But why should I bother dissecting it? We won.
May not have been him btw, Defo an Aussie tho
Maybe you were thinking of Matt Williams.
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I'd bet a princely sum it would be Matt Wiliams. Useless coach and miserable whiner.
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I think private equity put their money and want to get it out within 5 years. Usually a PE fund has a 12 year life cycle.
Did a bit of reading CVC Captial Partners yesterday.
Their 10 year holding of their F1 owenership was unsually long for them. But was also their best ever investment. In the end they sold most of their stake for shares in another company investing in F1, and took very little cash. Which again was very unusual for PE.
So, if this were to happen, you'd expect it would be sold again in 5 years time. With something having happened in that timeframe to have made the business more valuable (next TV rights issue).
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£275m bid for 51% stake.
Clubs would receive roughly £17m each. (total = £221m)
Premiership rugby clubs to discuss £275m takeover approach from CVC
The Premiership has been approached by private equity company CVC Capital Partners over the sale of a controlling stake in the league
A report this week said CVC would take a 51% controlling interest in Premiership Rugby in return for the money which would give each club, plus London Irish, which is one of the 13 shareholders, a lump sum of around £17m.
It would also mean the clubs’ income from central funds would be halved, but a year of talks with the equity firm, which used to own Formula One and made £8bn from it in 10 years, has prompted the belief that the value of various commercial and TV contracts will more than make up the shortfall when they come up for renewal.
The key issue will be control as the Saracens owner, Nigel Wray, acknowledged, because CVC would be unlikely to part with such a large sum otherwise.
“CVC would only take 50%, not 51,” he told rugbypass.com. “The clubs would still have the balance and a much better business. It is vital to get a trusted financial partner to take the game forward and because of that Saracens would support consideration of this offer. I do not know if the vote has to be unanimous and if there are other proposals that are even better, then great, because we need massive investment.”
The clubs will be publishing their accounts for 2017-18 in the coming months and are expected to record an aggregate loss of £35m.
None of Premiership Rugby’s major contracts is up for renewal imminently: Gallagher is in its first season of sponsoring the league, the television contract with BT has three seasons to run and the financially lucrative agreement with the RFU over elite players does not end until 2024.Overseas television rights are one avenue but it may be that a deal is delayed until the BT contract comes up for renewal, with Sky said to be interested in reclaiming the rights it lost earlier this decade and the likes of Amazon being courted.
“There is not a timeline I am aware of,” Wray said, “but this can be a positive gamechanger.”
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For background, I assume this is reflected in the price.
A big difference between Formula 1 and Premiership.
In Formula 1 you had:
- Teams
- Tracks
In Premiership:
- Clubs and Stadiums are mostly the same entity.
Therefore little competion from other stadiums wanting to cut someone else's lunch.
The tracks really got squeezed in the CVC Partners ownership era. Middle East and Far East and Caspian upstarts outbidding traditional European tracks.
Formula 1 also has a lucrative hospitality market, which I'm assuming, like RWCs, the governing body got their filthy mitts on.
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@rapido said in NH club rugby:
So the clubs give up half of the TV Rights, League sponsorship, and RFU player access payments. For ever. In return for £17m each up front.
Given the professionalism on display, they'll probably jump at the offer. I'd treat it as an insulting ambit claim.
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If the figure is provided, I've highlighted the central income the clubs would have to reduce their take by half for this deal.
Can view the total owner debts and loans etc per club - and then compare this against the £17m payment to owners if deal went ahead.
Look at turnover per club and profit/loss - and work out who can and can't afford to halve their approx £5m per year in central funding. E.g. Sale and Newcastle would be losing 25% of their revenue.
Bath:
Borrowings/investment by owner: Loan by owner £17.8m
Loss before tax £2.6m
Turnover £19m
Ownership: controlling owner is the sole shareholder, Bruce Craig.Bristol:
Borrowings/investment by owner: Loan by owner £21m
Ownership: Owned by billionaire Stephen Lansdown and his wife, Catherine, via their company, Pula Sport Limited.Exeter:
Borrowings/investment by owner: Debentures £8m; bank loan £5m (total = £13m)
Turnover £17m
Profit before tax £1.1m
Ownership: Club states that it remains owned by 700 members, the shares held by John Lockyer, Bob Staddon, Paul Derbyshire and Ian Pugsley acting as trustees.Gloucester:
Borrowings/investment by owner: Bank loan £4.5m
Loss before tax £1.2m
Ownership: Ultimately owned by Martin St Quinton, who made his fortune from selling his company Azzurri Communications.Turnover £16m
• Central income £5m
• Tickets £4m
• Hospitality, conferencing, events £2.6m
• Sponsorship and advertising £2.3m
• Bar sales and commission on catering bar and shop £1.1m
• Other income £1mHarlequins:
Owner borrowings/investment: Owed to owner £37m
Loss before tax £6.6m
Ownership: Ultimately owned by Union Mutual Pension Fund Ltd, registered in the tax haven of Bermuda. Reported to be owned by financiers Charles Jillings and Duncan Saville.Turnover £20.7m
• Rugby income £6.5m
• Central funding £6.1m
• Commercial income £8mLeicester:
Borrowings/investment by owner: Loan by owner £9.5m
Loss before tax £0.9m
Ownership: Most recent annual return notes a large number of individual shareholders; club states that no person owns 50% or more of the club shares.Turnover £19.7m
• Rugby income £5.5m
• Premier Rugby Limited income £5.4m
• Commercial income £8.8mNewcastle:
Borrowings/investment by owner: Loans owing £20m
Loss before tax £3mTurnover £9.7m
• Income from Premier Rugby, RFU and RFL £5.2m
• Match income £1.7m
• Commercial £2.7m
Ownership: Owned by Semore Kurdi.Northampton:
Borrowings/investment by owner: Loans £4.8m
Loss before tax £1.2m
Ownership: No overall controlling party. (are a PLC)Turnover £16.7m
• Rugby income £4.1m
• Premier Rugby and RFU income £5m
• Commercial income £7.6mSale:
Borrowings/investment by owner: Owed to owner £1.9m
Loss before tax £0.81m
Ownership: Owned by Simon Orange via a holding company, CorpAcq Ltd.Turnover £8.3m
• Premier Rugby Limited and RFU income £5.3m
• Rugby income £2.9m
• Shop income £188,429Saracens:
Borrowings/investment by owner: Owed to parent co. and shareholders £47m
Turnover £17.8m
Loss before tax £2.8m
Ownership: Parent company Premier Team Holdings majority owned by Nigel Wray.Wasps:
Borrowings/investment by owner: Inc £12.9m to owner £48.9m
Loss before tax £3.7m
Ownership Owned by Derek Richardson via Moonstone Holdings, a company registered in Malta.Turnover £33.4m
• Wasps sport income £16.2m
• Business income £10.6m
• Entertainment income £1.2m
• Hotel income £2m
• Sponsorship and venue income £3.4m
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