WA BEARS

[blukablu]

A cautionary tale about private equity funding (which the Union seems to have adopted almost worldwide it seems).

The English Premiership Rugby Teams are currently about 500M pounds in debt (combined) and after taking the "free cash" of selling a 27% in their game to a private equity firm, they now get 27% less revenue from things like gate takings, TV rights, merchandise etc.

English rugby’s financial crisis may leave Premiership clubs prey to vultures | Michael Aylwin

There is a sick feeling in the stomach and English rugby will need to identify genuine applicants to assist the clubs in crisis

www.theguardian.com

I think we should encourage our "cousins" in the other code to continue to pursue this route.

So bizarre that worldwide most Rugby Unions are getting into these deals. These companies don't give a f**k about the sport, only their shareholders. They'd happily make decisions that would kill the game long-term as long as it covers their initial investment.

I suspect they'll end up buying all their assets for pennies on the dollar once they are insolvent.

 

[Canard]

So bizarre that worldwide most Rugby Unions are getting into these deals. These companies don't give a f**k about the sport, only their shareholders. They'd happily make decisions that would kill the game long-term as long as it covers their initial investment.

I suspect they'll end up buying all their assets for pennies on the dollar once they are insolvent.

The owner of the London Irish team is literally saying he will give it away for free (as long as they guarantee to keep it running)

London Irish owner Crossan is ready to give the club away for FREE

EXCLUSIVE BY NIK SIMON: The millionaire businessman told the Mail on Sunday that he is prepared to talk to prospective investors with the money to finance the club's future.

www.dailymail.co.uk

 

[Perth Red]

Sounds like the 'investors' are in fact potential sponsors. Which is all well and good until you consider that an NRL team should be able to be bringing in $8-10mill A YEAR in sponsors. The $15mill sounds less impressive when you put it that way.

 

[reanimate]

Dont forget Christchurch Bears or Adelaide Bears too. Either way you swing it they are most likely coming in... you guys can keep on sourcing out the Blacktown workers for juniors or try to atleast get into the gosford market... the fact you cry about lack of ownous on NRL to diviy up NS, but you can do shit yourselves and you've even got an NRL licence... blows my mind

I agree the Blacktown partnership is a waste of time. Gosford/the CC is a small market compared to the North Shore. A combined North Shore and Northern Beaches team that’s done right would be far richer and stronger than trying to do a split Northern Beaches/Central Coast arrangement.

 

[Perth Red]

Reality is the NS leagues club is going to be around forever so Bears will be also. Thats not to say they cant be consumed into a feeder pathway like they currently are with Roosters. They should merge NS and Roosters Jnrs area to create a sydney city region for Jnrs under the roosters with all of them feeding into Bears or Roosters system then into Roosters NRL team. Hopefully when Bears fail to get a place this time then something might actually be done with the area.

 

[Wb1234]

A cautionary tale about private equity funding (which Union seems to have adopted almost worldwide it seems).

The English Premiership Rugby Teams are currently about 500M pounds in debt (combined) and after taking the "free cash" of selling a 27% in their game to a private equity firm, they now get 27% less revenue from things like gate takings, TV rights, merchandise etc.

English rugby’s financial crisis may leave Premiership clubs prey to vultures | Michael Aylwin

There is a sick feeling in the stomach and English rugby will need to identify genuine applicants to assist the clubs in crisis

www.theguardian.com

I think we should encourage our "cousins" in the other code to continue to pursue this route.

Great news but wrong thread surely ?

 

[Canard]

Sounds like the 'investors' are in fact potential sponsors. Which is all well and good until you consider that an NRL team should be able to be bringing in $8-10mill A YEAR in sponsors. The $15mill sounds less impressive when you put it that way.

To me this is good intel for other teams, including any new ones.

Clearly there is $15M of sponsorship availability out there, that can be tapped into.

 

[Wb1234]

Manly should of gone to Gosford well before Roosters did

Manly should never have got the license

norths should’ve got it splitting games between nso and Gosford

Being on a train line and having a leagues club should’ve put norths ahead of manly

 

[reanimate]

Reality is the NS leagues club is going to be around forever so Bears will be also. Thats not to say they cant be consumed into a feeder pathway like they currently are with Roosters. They should merge NS and Roosters Jnrs area to create a sydney city region for Jnrs under the roosters with all of them feeding into Bears or Roosters system then into Roosters NRL team. Hopefully when Bears fail to get a place this time then something might actually be done with the area.

It should’ve been done back in the early 2000s, the North Sydney district’s continued existence has served no purpose.

 

[Wb1234]

Dont forget Christchurch Bears or Adelaide Bears too. Either way you swing it they are most likely coming in... you guys can keep on sourcing out the Blacktown workers for juniors or try to atleast get into the gosford market... the fact you cry about lack of ownous on NRL to diviy up NS, but you can do shit yourselves and you've even got an NRL licence... blows my mind

Yeh the way he talks it’s like the nrl blew up the spit bridge to stop manly from trying to expand into the north shore

I wonder if they have ever visited any schools or shopping centres in that area to promote their “brand”

 

[Angry_eel]

It makes sense to have North Sydney, Sydney and South Sydney representing the north, east and south. Manly don't do a good job of representing the north. South Sydney could take over Southern Sydney if Dragons and Sharks fall over or relocate.

Manly don't do a good job of representing anyone. They represent a dying breed in the Northern Beaches too - The Working Class man. Northern Beaches are a filthy rich area now and have only 13K fans in a stadium which is smack bang in the middle of their area. Oh and their juniors come from Blacktown.

Having said that, they do a good job in using what small resources they have really well.

 

[docbrown]

If it’s backed by Norths it won’t last in Perth.
Norths juniors won’t want to go there (it’s a lot further than Melbourne).

If Perth wants to be successful it would need to be a locally run bid.

A Perth team needs to develop its own junior base but that will take time to compete with East Coast junior bases. So some players are going to have to relocate to play there.

 

[docbrown]

So we're all in agreement then - merge Cronulla, Roosters and Sea-Eagles into the Sydney City Eagle-Sharks?

 

[Colk]

So we're all in agreement then - merge Cronulla, Roosters and Sea-Eagles into the Sydney City Eagle-Sharks?

Is there an animal between an eagle and a shark? Maybe combine the two words: Sydney City Sheagles?

 

[Get Rid of The Donkeys]

A cautionary tale about private equity funding (which Union seems to have adopted almost worldwide it seems).

The English Premiership Rugby Teams are currently about 500M pounds in debt (combined) and after taking the "free cash" of selling a 27% in their game to a private equity firm, they now get 27% less revenue from things like gate takings, TV rights, merchandise etc.

English rugby’s financial crisis may leave Premiership clubs prey to vultures | Michael Aylwin

There is a sick feeling in the stomach and English rugby will need to identify genuine applicants to assist the clubs in crisis

www.theguardian.com

I think we should encourage our "cousins" in the other code to continue to pursue this route.

I hope they go broke.

Did the NZRU do something similar?

 

[Wb1234]

I hope they go broke.

Did the NZRU do something similar?

Yep

and soon to be the aru

it’s literally a pay day loan charging ten percent interest for life

so stupid

 

[Get Rid of The Donkeys]

To me this is good intel for other teams, including any new ones.

Clearly there is $15M of sponsorship availability out there, that can be tapped into.

Sharks need it. Last year they earned just $4m from sponsors according to their annual report!



Cowboys got $8.9m and Broncos got $12.7m.

 

[Diesel]

If we expand, are the Bears actually the 18th team but we don’t know if they’ll be based in WA or NZ? Or are the Bears just the medias favourite to get in and have a quote from PVL

 

[Wb1234]

If we expand, are the Bears actually the 18th team but we don’t know if they’ll be based in WA or NZ? Or are the Bears just the medias favourite to get in and have a quote from PVL

Billy Moore said the bears have been told they will win the bid but go where the nrl want them

I suspect discussions underway with tv broadcasters will determine if its nz or Perth who wins

 

[Colk]

Billy Moore said the bears have been told they will win the bid but go where the nrl want them

I suspect discussions underway with tv broadcasters will determine if its nz or Perth who wins

Awful decision if true. What’s the point of putting in a NZ or Perth and having them play home games in Sydney? Only RL as a sport could make a decision on expansion based on fans in Sydney