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#Post#: 5203--------------------------------------------------
Re: Premiership Rugby to go private?
DIR By: Grins
Date: September 5, 2018, 8:51 am
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I agree with you Rocker. However a £17m injection per club
could allow investment to help turn the losses around - new
stand etc. Better than trying to fleece the fans with dodgy
bonds.
I'm not surprised Bruce Craig is against it, only that more
owners aren't. Is £17m really worth selling control of your
destiny for?
#Post#: 5207--------------------------------------------------
Re: Premiership Rugby to go private?
DIR By: TomBuckQuin
Date: September 5, 2018, 8:56 am
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I'm no economist - in fact, I'm a total layman when it comes to
this stuff. But surely if the clubs are pretty much all (with
the exception of 1 or 2) leaking money year on year then any
kind of injection of funding and someone else carrying the debts
and losses has got to be a good thing/saving grace? No? Can
someone break down - in very simple terms - why this is a bad
idea? Not even being trite - I'm a freelance video editor by
trade, I don't even know what I'm doing with my own money most
of the time!
#Post#: 5221--------------------------------------------------
Re: Premiership Rugby to go private?
DIR By: Grins
Date: September 5, 2018, 11:18 am
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--- Quote from: TomBuckQuin link ---
>
> I'm no economist - in fact, I'm a total layman when it comes
to this stuff. But surely if the clubs are pretty much all (with
the exception of 1 or 2) leaking money year on year then any
kind of injection of funding and someone else carrying the debts
and losses has got to be a good thing/saving grace? No? Can
someone break down - in very simple terms - why this is a bad
idea? Not even being trite - I'm a freelance video editor by
trade, I don't even know what I'm doing with my own money most
of the time!
>
--- End Quote ---
You get the money today, which is good, but the price of that
money is a loss of control over the business going forward - CVC
would be in charge. Depending on the circumstances of the
various club owners, they may be willing to do this to get cash
now vs reduced future income.
Now if CVC grow the revenue hugely in a way that PRL couldn't
have alone, that all might be a price worth paying but CVC are a
bunch of financial guys and it is unlikely they will add much
beyond changing the management of PRL or bringing in advisers /
consultants to help. PRL could arguably do it themselves.
The real problem comes at the end when CVC want to sell (their
fund has a limited life so they have to sell and the staff make
their money out of the share of realised profits so are
motivated to sell). Who takes control then?
#Post#: 5222--------------------------------------------------
Re: Premiership Rugby to go private?
DIR By: GP2110
Date: September 5, 2018, 11:39 am
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Surely they can only sell if there is a willing buyer and the
willing buyer would then take control.
I see very little downside.
#Post#: 5230--------------------------------------------------
Re: Premiership Rugby to go private?
DIR By: TomBuckQuin
Date: September 5, 2018, 12:31 pm
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--- Quote from: GP2110 link ---
>
> Surely they can only sell if there is a willing buyer and the
willing buyer would then take control.
>
> I see very little downside.
>
--- End Quote ---
This is what I was thinking. Again, I don't pretend to know any
of the intricacies surrounding these types of business deals but
surely handing over the commercial and fiscal risk and
responsibility to a third party and making it their problem is
only ever a good thing? And what, realistically, are these
corporates going to do to negatively affect the experience us
fans pay to be part of? If they try anything too drastic that
the fans don't like, those fans won't be so inclined to turn up
- so if they want to make a success of the competition
commercially it's in their interests not to have a negative
affect on the rugby side of things. At least not to an extent
that I, or other fans like me who just want to watch a good game
of rugby, will mind about.
But if someone can warn me of something I'm not
seeing/understanding (which, as mentioned, is eminently
probable) then I'd always prefer to be prepared for
disappointment/outrage.
#Post#: 5231--------------------------------------------------
Re: Premiership Rugby to go private?
DIR By: Monte
Date: September 5, 2018, 1:02 pm
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The problem is that since Mark Evans invented Big Game there has
been no other changes in the last 10 years and now everyone is
really struggling for sponsorship/partnership. I cannot see any
vision from anyone. Whoever pushed through the increase in
salary cap last time sounded in my opinion the death knell for
premiership rugby clubs surviving in their present financial
format. Owners all want money back and this would help them,
but I disagree that it is good news and I personally gave up on
formula 1 when CVC got involved as it ceased to be a real sport.
It just confirms that Premiership does not have clubs anymore
just business trying to break even at worst or make a profit at
best. So forget membership, debentures just a Season ticket or
not. How it will fit in with England and the rfu I have no idea
but for my money these guys are only interested in one thing
themselves and maximising their profit. Quins have tried to wrap
it up in Community and Foundation but this is is Very very sad.
#Post#: 5236--------------------------------------------------
Re: Premiership Rugby to go private?
DIR By: Mayor West
Date: September 5, 2018, 2:30 pm
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You would think that a company with a healthy profit in mind
would have done some homework on an investment of millions. It
wouldn't be in their interest to lose money with a half cocked
idea of what model they think might work. There has to be a
profitable and secure long term strategy in order to make the
deal work. Even if you wanted to sell later it would still have
to be worth while someone else investing in.
It looks like a good idea as it would enable clubs to invest
and possibly make themselves more profitable. Maybe it's too
good to be true and you know what they say about things like
that.
#Post#: 5237--------------------------------------------------
Re: Premiership Rugby to go private?
DIR By: TomBuckQuin
Date: September 5, 2018, 2:32 pm
---------------------------------------------------------
--- Quote from: Monte link ---
>
> The problem is that since Mark Evans invented Big Game there
has been no other changes in the last 10 years and now everyone
is really struggling for sponsorship/partnership. I cannot see
any vision from anyone. Whoever pushed through the increase in
salary cap last time sounded in my opinion the death knell for
premiership rugby clubs surviving in their present financial
format. Owners all want money back and this would help them,
but I disagree that it is good news and I personally gave up on
formula 1 when CVC got involved as it ceased to be a real sport.
It just confirms that Premiership does not have clubs anymore
just business trying to break even at worst or make a profit at
best. So forget membership, debentures just a Season ticket or
not. How it will fit in with England and the rfu I have no idea
but for my money these guys are only interested in one thing
themselves and maximising their profit. Quins have tried to wrap
it up in Community and Foundation but this is is Very very sad.
>
--- End Quote ---
But my question would be: how does this affect your matchday/fan
experience? I'm not being contrary or anything, just genuinely
interested to know. Quins have been running as a business for
decades - why didn't you stop watching Premiership rugby years
ago? I can only speak for myself but, as a fan of the club, my
main ask is that Quins do things on the pitch that we want to
come and watch and that they serve up enough food and booze to
keep us happy (and have facilities to keep kids busy for those
who bring their youngsters). To do that, the club needs to do
its bidding off the pitch. The two aren't mutually exclusive -
they come hand in hand. I don't really understand what you
expect them to do...
My very simple view is that as long as Quins maintain
performance on the pitch and around the ground, I'll keep coming
back. I expect Quins to keep themselves afloat as a business and
am doing my little bit to help them do that but the only thing I
expect in return is some great memories - I don't need to know
who owns what and how they're managing their affairs. I trust
they know what they're doing in the best interests of the
business. Just give me high intensity rugby, a box of piping hot
fish and chips and a fresh pint. Happy days.
#Post#: 5244--------------------------------------------------
Re: Premiership Rugby to go private?
DIR By: Mayor West
Date: September 5, 2018, 3:39 pm
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Perhaps they think that there are untapped or poorly
investigated markets that with enough investment can produce
extra revenue for everyone. If rugby takes off in the US or
maybe other rugby countries can have access to prem games and
pay a bit for it,that can't be a bad thing. If prem teams could
get merchandise sales around the world because of extra coverage
would that help.
I stopped watching F1 when half the races went to Sky as I
won't have Sky. I couldn't follow it so easily and lost
interest. I am only one and Monte one other who have opted out
due to changes but if overall the revenue from the new controls
increased then it is a good thing for F1 overall.
#Post#: 5247--------------------------------------------------
Re: Premiership Rugby to go private?
DIR By: Monte
Date: September 5, 2018, 4:09 pm
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So back to our friends Stuart Barnes and Dewi Morris for
Premiership rugby is what people want _ joy oh joy
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