Aussie Pro Rugby
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@Kruse said in Aussie Rugby:
@voodoo said in Aussie Rugby:
invented by ... music event promoter Jimmy Galvin with his mate [Bernard] Foley over a pub meal, ....
Says it all.
Drunken pub conversation, unfortunately between 2 people who possibly have the wherewithal to stupidly carry through with it.doesn't look like this idea has the legs to float
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ACT Brumbies start process to sell up to 49 per cent of the club
EXCLUSIVE
JOHN STENSHOLT
EDITOR, THE LIST
@JohnStensholtThe ACT Brumbies are up for sale, as officials search for private investors in a deal that could value the Super Rugby club in the tens of millions.
The Canberra-based team, the most successful Australian side in Super Rugby history, have commenced a process to sell up to 49 per cent of the club to local or international backers.
Brumbies chief executive Phil Thomson told The Australian that the club, now owned by the local ACT rugby union governing body, is looking for the money at a time when rugby union is enjoying an upswing in popularity.
“There’s a great opportunity with what Rugby Australia has put in place over the next decade, what they’re calling the ‘golden decade’ with the (British) Lions tour in 2025 and then World Cups in 2027 and 2029,” Thomson said.
“All of that will be fantastic and there will be certainly be flow on effect into the rugby community from those events and what we need to do as organisation and to stay as what we believe is the premier Super Rugby team in Australia, is to find a level of investment to keep pace with everything and stay ahead of the game.”
The Brumbies have engaged advisers and prepared an investment deck to be sent to prospective investors, with the funds raised to be used to shore up the Brumbies balance sheet – revenue is about $18-20m annually and the club usually posts small profits or losses – and to help grow interest in rugby at a grassroots level and attract more fans to the sport.
Thomson said the Brumbies hoped the sales process would flush out interest from buyers in Australia and overseas, given rugby union clubs in the northern hemisphere are mostly owned by private individuals or corporations.
“It could be a big investment company or a rugby-friendly individual. We will take all those inquiries as they come to us. It would be good to have some local connection but we are open to worldwide offers,” Thomson said.
“The thing about the Brumbies brand is it is known worldwide and the reach of Super Rugby is worldwide too. So we think it will interest people in a lot of different areas.”
The Brumbies, who are debt free, are projecting a 25 per cent increase in membership and game day revenue annually through to the men’s World Cup in Australia in 2027 (the women’s event will be held two years later) as rugby’s finances recover after Covid-19.
The club should also benefit from a revamped Super Rugby competition agreement with New Zealand, a new broadcast deal after 2026 and increased funding from Rugby Australia from next year onwards.
Thomson would not be drawn as to what value the Brumbies could achieve in a sale transaction, though the move comes as private ownership of Australian sports clubs increases in both volume and team value, outside of the AFL and cricket’s Big Bash League.
Stakes in several National Basketball League teams have changed hands at $35m values in the past two years, with Tesla chair Robyn Denholm last year buying a 30 per cent stake in the Sydney Kings at an even higher valuation.
Meanwhile, A-League soccer club Melbourne Victory recently clinched a new investment deal with Miami-based 777 Partners in a deal that could value the team at up to $50m. Accounts recently lodged with the corporate regulator show the Victory lost $6.7m from $15m revenue in the 2022 financial year.
The most valuable Australian sports team is the ASX-listed National Rugby League side Brisbane Broncos, which has market capitalisation of about $110m. News Corporation, the publisher of The Australian, owns a majority stake in the Broncos. While the club missed the NRL finals this year it delivers regular profits, including a $3.6m pre-tax profit for the six months to June 30.
Meanwhile, Rugby Australia is continuing negotiations for a private equity investment of its own that could see the national governing body raise $150m for an ownership stake in its commercial arm.
JOHN STENSHOLT
EDITOR -
@voodoo worked brilliantly for us at teh Blues - the private investors led us to ongoing success and multiple titles.
uh.
yeah.
Seriously, though, it depends on the investors and what they bring. We wound up with Sir JK, and Tana as head coaches. Hope it works for you.
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@nzzp different vibe in aussie though, not only is aussie obviously "bigger" (not rugby, the actual country/population) but its also still hugely private school boy focused....so there might be some old mates on some board that dont want to "sponsor" but could be attracted to buy a piece
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@Kiwiwomble said in Aussie Rugby:
@nzzp different vibe in aussie though, not only is aussie obviously "bigger" (not rugby, the actual country/population) but its also still hugely private school boy focused....so there might be some old mates on some board that dont want to "sponsor" but could be attracted to buy a piece
And yet, with all those white-collar, highly educated guys from wealthy schools, it has all the hallmarks of being run by a bunch of idiots.
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@NTA said in Aussie Rugby:
@Kiwiwomble said in Aussie Rugby:
@nzzp different vibe in aussie though, not only is aussie obviously "bigger" (not rugby, the actual country/population) but its also still hugely private school boy focused....so there might be some old mates on some board that dont want to "sponsor" but could be attracted to buy a piece
And yet, with all those white-collar, highly educated guys from wealthy schools, it has all the hallmarks of being run by a bunch of idiots.
I don't think you need the And yet.
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Austin Anderson leaves for the Brumbies and gets named in the Australian U20 train-on squad.
Junior Wallabies confirm 2023 train-on squad
The Junior Wallabies have confirmed a 48-player wider train-on squad as they start preparations for the return of the World Rugby U20 Championship.
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@mariner4life said in 16. 2022 COACH:
Dave Rennie
Controversial I know
But
Beat South Africa. Beat England. Beat Argentina away.
Should have beaten us but for an all time brain explosion.Went north, beat Scotland. Hammered Wales, came within a whisker of beating both Ireland and France. All while dealing with an availability crisis thr likes have never been seen.
Yes there are black marks, and Wayne Smith will win this by thr length of the Flemington straight
But he's done a fucking good job, and the wallabies are well poised for the world cup if they have had all their injury bad luck this year.
Was thinking about Rennie today and wondering if he could work with Eddie Jones.
Jones may be a bit low at the moment, but he's still a world class brain, who knows how to win world cup matches.
If he can work with Rennie as an assistant / advisor, I could see Aussie doing very well in 2023 Cup.
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@MajorRage I think Jones coming home and even working with one of the super teams could be a big boost to aussie rugby
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@Kiwiwomble said in Aussie Rugby:
@MajorRage I think Jones coming home and even working with one of the super teams could be a big boost to aussie rugby
i wouldn't think the Reds would be overly keen
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@mariner4life said in Aussie Rugby:
@Kiwiwomble said in Aussie Rugby:
@MajorRage I think Jones coming home and even working with one of the super teams could be a big boost to aussie rugby
i wouldn't think the Reds would be overly keen
Everyone loves a redemption story.
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'I bleed blue ... I support the Wallabies': Charlie Gamble is all in on Australian rugby
New Zealand-born Waratahs star Charlie Gamble says he owes everything to NSW rugby, declaring himself a bona-fide Australian supporter who has officially set his sights on a Wallabies call-up in 2023.
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@NTA good luck to him, but I can't fathom how a New Zealander can support the Wallabies.
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@antipodean said in Aussie Rugby:
@NTA good luck to him, but I can't fathom how a New Zealander can support the Wallabies.
Cantabs ....
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@antipodean said in Aussie Rugby:
@NTA good luck to him, but I can't fathom how a New Zealander can support the Wallabies.
Likewise that Lomax guy that we built and supplied supporting NZ
