taste2taste
Juniors
- Messages
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I concur with your conclusion.They're f**ked.
They'll try and secure the 90m loan against future earnings on the 2027 WC. Rugby Australia have forecast a profit of 100m from the WC, so they will have spent that profit before they get it.
As you say, repayments could be as high as 10m per year which is higher than any surplus they've made in the past decade ( dont quote me but i belive +8m is Rugby Australias best surplus in the past decade ), so they'll be operating at heavy losses unti the 27 WC bails them out.
PS I have no qualifications in banking or finance.
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