Some people just like losing money it seems.

Clearly, the a-league is going too strong and they couldn't handle the magic, so downgraded to a weaker competition.

They already did own 'a Sports Team', they didn't have to Sell it but they did, why ?

And to think they just Sold up at Heart on a whim ?
Then sometime later changed their minds and found the Rebels for Sale.
Then managed to purchase the Rebels.

All in less than 12 months ? pleassse

They already did own 'a Sports Team', they didn't have to Sell it but they did, why ?

And to think they just Sold up at Heart on a whim ?
Then sometime later changed their minds and found the Rebels for Sale.
Then managed to purchase the Rebels.

All in less than 12 months ? pleassse

I wouldn't read too much into it. They're based in Melbourne and want to own a sports team.

The AFL teams, Victory, City and Storm owners are all solid.
Who else is there besides the Rebels?

Bulllllshittttttt

Bulllllllllllllllshittttttt



2 people sell out of Football and less than 12 months later pop up in the same stadium in a different code and you think this has nothing to do with the State of the A-league, the FFA governance or its Business model.


Edited by Buggalugs - you should have listened...: 23/6/2015 01:29:15 PM

Bulllllshittttttt

Bulllllllllllllllshittttttt



2 people sell out of Football and less than 12 months later pop up in the same stadium in a different code and you think this has nothing to do with the State of the A-league, the FFA governance or its Business model.


Edited by Buggalugs - you should have listened...: 23/6/2015 01:29:15 PM

each year at least 3 out of the 5 Australian teams will always be losers. That's not good for TV ratings or bank balances of owners.

Guarantee you this will end in tears like last time the ARU tried to get Private equity involved in their farcical setup. Everyone gets sick of losing money for no reason. The Rebels are already up completely up shit creek despite being less than 5 years old.

This isn't like France where rich owners truly love their club and as a result plough millions of Euros into them. No one here is anywhere near as passionate about Super Rugby or their Franchises (which are the most plastic of plastic) because they aren't set up to be clubs in their own right but rather as extended development squads in an glorified trial for Wallabies selection. It is truly a miracle that the ARU have even found a group to offload their liabilities onto this bunch because there is zero chance of the Rebels turning a profit.

International union is interesting, I wouldn't waste a moment of my time on club union though.

Nah

If Football is so 'on-the-up' and Union in trouble, what's happened here ?

Sidwell won't spend a dime. aren't super rugby clubs subsided by the aru ?

Nah

If Football is so 'on-the-up' and Union in trouble, what's happened here ?

Et

Melbourne Rebels sold by ARU to private investment group

The cash-strapped Australian Rugby Union (ARU) has received a financial boost with the sale of the Melbourne Rebels Super Rugby franchise to a private investment group.

The ARU, which in April announced losses of $6.3 million for 2014, is expected to save more than $3 million a year with the sale.

All of the shares in Melbourne Rebels Rugby Union Limited (MRRU) held by the ARU and Victorian Rugby Union would transfer to Imperium Sports Management Pty Ltd (ISM) on July 1, the ARU said in a statement.

ISM is controlled by Melbourne-based businessmen Andrew Cox and Peter Sidwell, the former chairman of A-League side Melbourne Heart, which is now owned by English Premier League side Manchester City and renamed Melbourne City.

"There are over 125 years of rugby history in this state and the support for the Rebels in just five seasons is extremely encouraging," Cox said in a statement.

"With the expanded Super Rugby competition in 2016, we are looking forward to showcasing Melbourne across the world through new markets including Asia and South America."

Super Rugby will expand to 18 teams next year with sides based in South Africa, Japan and Argentina all joining the competition.

The ARU took over the Rebels from 2013 when a consortium of private investors walked away from the club after burning through $8 million in three seasons.

The ARU said it spent more than $5 million in 2013 on the side, which became the fifth Australian Super Rugby franchise in 2011.

The Rebels had their most successful season this year, winning seven games and were the third-best Australian team in the competition, finishing 10th overall.