Aussie Pro Rugby

Machpants

Jeez insolvent trading for years, and that's from before covid

“My preliminary view is that the Company may have traded whilst insolvent from 31 December 2018, and that it is likely that all debts that remain unpaid were incurred which could result in an insolvent trading claim exceeding $16.8m.”

NTA

What a shock. All the Rebels fans angry at RA should really be furious at their own incompetent Board.

The same Board who "loaned" the club $8M.

This is a lack of governance and responsibility.

Machpants

@NTA said in Aussie Pro Rugby:

What a shock. All the Rebels fans angry at RA should really be furious at their own incompetent Board.

The same Board who "loaned" the club $8M.

This is a lack of governance and responsibility.

The deal to save the rebels includes the directors being not liable for their criminal activity and the investors supplying the money to allow rebels to sue RA. I wonder why RA aren't going for it, despite being best for Rebels - best for Rebels creditors only, which some don't seem to get

antipodean

While that catastrophe unravels, I'm hearing that the mood from RA has softened towards the other Unions given board members suddenly realised they're dependant on votes at the upcoming election.

NTA

@antipodean said in Aussie Pro Rugby:

While that catastrophe unravels, I'm hearing that the mood from RA has softened towards the other Unions given board members suddenly realised they're dependant on votes at the upcoming election.

Can confirm there is latent "mood" for those left from the Eddie appointment and then ejection of he and McLennan