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Premiership rugby clubs are to receive a multi-million pound coronavirus bailout from the Government after opting to put their players on sabbatical during the crisis, The Telegraph can reveal.
County cricket clubs are also discussing following suit after being told doing so would also allow them to access funds made available under the coronavirus job retention scheme announced by Chancellor Rishi Sunak just over a week ago.
Some lower league football clubs have already placed their players on what is being called ‘furlough’ – which will see the Government pay 80 per cent of their wages up to a maximum of £2,500 a month – with others expected to follow after the Treasury confirmed salaried athletes were eligible under the scheme....
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CVC seeing an opportunity for getting its sticky fingers into the NRL now.
British private equity firm CVC Capital Partners is believed to be one of the firms to have had informal discussions about a $100 million loan facility to help NRL clubs stay afloat during the COVID-19 pandemic.
Sources told The Australian Financial Review a deal was being brokered by the Melbourne Storm's largest shareholder and departing chairman Bart Campbell, who has a range of connections in capital markets and sport having taken on several executive roles out of London in the early 2000s.
CVC is believed to be one of the firms looking at extending credit. News Corp's The Sunday Telegraph reported on the weekend that an English buyout firm was looking at providing finance for the NRL.
Sources said the Australian Rugby League Commission were going through a range of loan facility options, which would likely be secured against broadcast rights fees when the sport returns.
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@Rapido said in Corona and Sports:
CVC seeing an opportunity for getting its sticky fingers into the NRL now.
I hate private equity firms in principle.
NRL: don't do it. For god's sake, don't do it. You'd be better of failing, forgiving debts and obligations and restarting from the ground up than having filthy financiers in contorl of your operation
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@nzzp said in Corona and Sports:
@Rapido said in Corona and Sports:
CVC seeing an opportunity for getting its sticky fingers into the NRL now.
I hate private equity firms in principle.
NRL: don't do it. For god's sake, don't do it. You'd be better of failing, forgiving debts and obligations and restarting from the ground up than having filthy financiers in contorl of your operation
The sport would yes. They are almost an island to themselves without competition.
But human nature says the vested interests (players and administrators) will want to take an option that keeps the pumped-up unsustainable juggernaut going for as long as possible.
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@Rapido said in Corona and Sports:
CVC seeing an opportunity for getting its sticky fingers into the NRL now.
Nothing good would come out of that. It's already a game fashioned for TV spectacle.
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my life feels devoid of meaning...
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It appears Australia is planning to live with the disease rather than eradicate it. And if New Zealand does achieve eradication, that is likely to be a major impediment to normal relations between the two countries for a very long time.
^ that section in turn used this as its refernce: https://www.abc.net.au/news/2020-04-07/coronavirus-government-covid19-modelling-experts-on-repsonse/12128950
If this were to come to pass. It would have huge impacts on Super Rugby, and the Warriors, until/if a vaccine is discovered or the virus were to peter out a-la SARS.
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If New Zealand was seeking to eradicate Covid 19 from its shores, it would have to effectively close itself off from the rest of the world, lest a visitor introduce it again.
I wouldn't say Australia is seeking to live with it either, unless by live you mean effective home arrest.
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@antipodean I think we can use 14 day quarantine once we've eliminated it from NZ rather than totally closed borders, but either way, that's going to be painful for overseas travellers.
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@antipodean said in Corona and Sports:
If New Zealand was seeking to eradicate Covid 19 from its shores, it would have to effectively close itself off from the rest of the world, lest a visitor introduce it again.
...or quarantine and test everyone coming in, and if they don't anyone they get into contact with
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@Godder said in Corona and Sports:
@antipodean I think we can use 14 day quarantine once we've eliminated it from NZ rather than totally closed borders, but either way, that's going to be painful for overseas travellers.
Yeah, I cant imagine there's a lot of travellers who spend money prepared to spend the first two weeks of their holiday confined to barracks. But no doubt the freedom campers would continue coming...
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@mariner4life said in Corona and Sports:
my life feels devoid of meaning...
Well in the interests of normality, since we're now in April....
Might as well just give the title to the Crusaders!
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@Chris-B said in Corona and Sports:
@mariner4life said in Corona and Sports:
my life feels devoid of meaning...
Well in the interests of normality, since we're now in April....
Might as well just give the title to the Crusaders!
they have been deducted a million points for flouting quarantine laws. They are not eligible for the title again until 20 years after Super rugby dies
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@mariner4life said in Corona and Sports:
@Chris-B said in Corona and Sports:
@mariner4life said in Corona and Sports:
my life feels devoid of meaning...
Well in the interests of normality, since we're now in April....
Might as well just give the title to the Crusaders!
they have been deducted a million points for flouting quarantine laws. They are not eligible for the title again until 20 years after Super rugby dies
Bugger.
I wonder if the Aussies will let us play in their comp?
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@Chris-B said in Corona and Sports:
@mariner4life said in Corona and Sports:
@Chris-B said in Corona and Sports:
@mariner4life said in Corona and Sports:
my life feels devoid of meaning...
Well in the interests of normality, since we're now in April....
Might as well just give the title to the Crusaders!
they have been deducted a million points for flouting quarantine laws. They are not eligible for the title again until 20 years after Super rugby dies
Bugger.
I wonder if the Aussies will let us play in their comp?
the Crusaders didn't exist in the 80s, so no.
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@mariner4life We're supposed to be re-branding anyway, so we could play as Nelson Bays.
Or, really go historic and play under the Golden Bay-Motueka flag!
Might be problematic if they're only going to broadcast on black and white TV though. We could be mistaken for Shield Snorters!
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@Chris-B said in Corona and Sports:
We could be mistaken for Shield Snorters!
god, how much would that suck?
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@mariner4life Appalling.
And, since most won't get the reference - Golden Bay-Mot played in the most retro of colours - brown and white!
Must have looked like someone had taken a dump on them - and to be fair, most probably did!
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@Chris-B said in Corona and Sports:
And, since most won't get the reference - Golden Bay-Mot played in the most retro of colours - brown and white!
Bring back the hoops! I see Ta$man will be playing in a replica jersey in their game against Southland in Motueka.
My primary school rugby jersey was brown and light blue hoops.
Corona and Sports