Do the maths: Rescuing Rebels would be throwing more borrowed money after bad

webnexttech | Do the maths: Rescuing Rebels would be throwing more borrowed money after bad

Australian rugby has been playing Super Rugby musical chairs with four chairs and five guests for about a decade, and now the music has stopped it’s the Melbourne Rebels who are left standing. The Rebels aren’t the only ones on trial as their increasingly bitter battle with Rugby Australia plays out – it’s the entire concept of the five-team model. There isn’t enough money in Australian rugby to pay for five teams at present, and the sheer cost of running a Super Rugby team – and how much Rugby Australia has been spending on them – was confirmed by the extraordinary administrator’s report into the Melbourne franchise. During the past three years, Rugby Australia has put $16.6 million into the Rebels. Bear in mind this is an organisation that has been forced into taking an $80 million credit facility at an interest rate of more than 10 per cent.

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