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PRO14 & CVC

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pillory View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote pillory Quote  Post ReplyReply Direct Link To This Post Posted: 26 May 2020 at 2:45pm
Originally posted by Wasp Wasp wrote:

We immediately lose 28% of the competition income from the P14 TV deals (I say immediately but whenever this kicks in)

How do we know this?

CVC have 28% of the ownership, true.
Private equity exists to extract money, true.
But do we know the way the deal is structured? Do we know that they will begin extracting money so soon, before they have even developed the competition?
What's the source for this?
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Tim Opolis View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tim Opolis Quote  Post ReplyReply Direct Link To This Post Posted: 26 May 2020 at 5:22pm

Reading this interview (Simon Thomas on Twitter), again it isnt crying out B&I League. More likely is further expansion into South Africa.



Edited by Tim Opolis - 26 May 2020 at 5:24pm
Tymor nesa Duw, plis tymor nesa.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote scarletnut Quote  Post ReplyReply Direct Link To This Post Posted: 26 May 2020 at 5:28pm
Originally posted by Tim Opolis Tim Opolis wrote:


Reading this interview (Simon Thomas on Twitter), again it isnt crying out B&I League. More likely is further expansion into South Africa.

He isn’t going to admit that on the record given he’s the CEO of the PRO14
I still wake up late at night and think of what might have been when tim stimpson hit that jammy penalty1
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Wasp Quote  Post ReplyReply Direct Link To This Post Posted: 26 May 2020 at 8:41pm
Originally posted by pillory pillory wrote:

Originally posted by Wasp Wasp wrote:

We immediately lose 28% of the competition income from the P14 TV deals (I say immediately but whenever this kicks in)

How do we know this?

CVC have 28% of the ownership, true.
Private equity exists to extract money, true.
But do we know the way the deal is structured? Do we know that they will begin extracting money so soon, before they have even developed the competition?
What's the source for this?
It has been quoted in a couple of articles, no idea when it kicks in but if I had to guess it would be next season 
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Wasp Quote  Post ReplyReply Direct Link To This Post Posted: 26 May 2020 at 8:43pm
Originally posted by scarletnut scarletnut wrote:

Originally posted by Tim Opolis Tim Opolis wrote:


Reading this interview (Simon Thomas on Twitter), again it isnt crying out B&I League. More likely is further expansion into South Africa.

He isn’t going to admit that on the record given he’s the CEO of the PRO14
Not necessarily just a B&I. SA is definitely a financial attraction 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote RR1972 Quote  Post ReplyReply Direct Link To This Post Posted: 26 May 2020 at 10:12pm
Originally posted by pillory pillory wrote:

Originally posted by Wasp Wasp wrote:

We immediately lose 28% of the competition income from the P14 TV deals (I say immediately but whenever this kicks in)

How do we know this?

CVC have 28% of the ownership, true.
Private equity exists to extract money, true.
But do we know the way the deal is structured? Do we know that they will begin extracting money so soon, before they have even developed the competition?
if they own 28 per cent from next season i’d guess they get 28 per cent of the income from next year . Seems logical tbh
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Fscarlet Quote  Post ReplyReply Direct Link To This Post Posted: 26 May 2020 at 10:32pm
Wouldn’t they get 23% of the profit as opposed to the income? Which is generally how these organisations operate.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote RR1972 Quote  Post ReplyReply Direct Link To This Post Posted: 26 May 2020 at 11:05pm
Tbh i dont know lol

Edited by RR1972 - 26 May 2020 at 11:40pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Wasp Quote  Post ReplyReply Direct Link To This Post Posted: 26 May 2020 at 11:33pm
Originally posted by Fscarlet Fscarlet wrote:

Wouldn’t they get 23% of the profit as opposed to the income? Which is generally how these organisations operate.
No.
28% of the income. There are no "profits" as such from TV rights as rugby teams generally lose money, or make very little!

The P14 gets £130m over the next 5 years and hopefully more revenue in future, even at 72% of the total.
CVC get 28% of future revenues (presumably from next season) as "interest" on their £130m.

The hope for both sides is they repeat their F1 trick where they trebled revenues. Then everyone will be happy (hopefully)




Edited by Wasp - 26 May 2020 at 11:40pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Speedy Quote  Post ReplyReply Direct Link To This Post Posted: 27 May 2020 at 9:39pm
Originally posted by Wasp Wasp wrote:

Originally posted by Fscarlet Fscarlet wrote:

Wouldn’t they get 23% of the profit as opposed to the income? Which is generally how these organisations operate.
No.
28% of the income. There are no "profits" as such from TV rights as rugby teams generally lose money, or make very little!

The P14 gets £130m over the next 5 years and hopefully more revenue in future, even at 72% of the total.
CVC get 28% of future revenues (presumably from next season) as "interest" on their £130m.

The hope for both sides is they repeat their F1 trick where they trebled revenues. Then everyone will be happy (hopefully)



There certainly is a high ceiling of potential growth seeing as the Welsh teams have been fighting with both hands behind their backs, and their union stabbing them in the back for yrs.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Grammar School Boy Quote  Post ReplyReply Direct Link To This Post Posted: 30 May 2020 at 6:28pm
Originally posted by Speedy Speedy wrote:

Originally posted by Wasp Wasp wrote:

Originally posted by Fscarlet Fscarlet wrote:

Wouldn’t they get 23% of the profit as opposed to the income? Which is generally how these organisations operate.
No.
28% of the income. There are no "profits" as such from TV rights as rugby teams generally lose money, or make very little!

The P14 gets £130m over the next 5 years and hopefully more revenue in future, even at 72% of the total.
CVC get 28% of future revenues (presumably from next season) as "interest" on their £130m.

The hope for both sides is they repeat their F1 trick where they trebled revenues. Then everyone will be happy (hopefully)



There certainly is a high ceiling of potential growth seeing as the Welsh teams have been fighting with both hands behind their backs, and their union stabbing them in the back for yrs.

We are Welsh after all..Wink
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Post Options Post Options   Thanks (0) Thanks(0)   Quote RR1972 Quote  Post ReplyReply Direct Link To This Post Posted: 31 May 2020 at 2:08pm
If the report in the times is right then we need the cvc cash now or we and all the regions are in the mire
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Post Options Post Options   Thanks (0) Thanks(0)   Quote totallybiasedscarlet Quote  Post ReplyReply Direct Link To This Post Posted: 31 May 2020 at 2:20pm
What was the gist of it?
"If it's on, we back our skills and our confidence ... We've got some great players, play a good brand and we enjoy doing it." Ken Owens
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Post Options Post Options   Thanks (1) Thanks(1)   Quote RR1972 Quote  Post ReplyReply Direct Link To This Post Posted: 31 May 2020 at 2:27pm
Wru Funding cut from £8.5 million for us £6.5 blues and ospreys and £5.5 to dragons down to £500 k each.  This is the link https://www.thetimes.co.uk/article/finacial-crisis-looming-for-four-welsh-rugby-regions-mf2qsfxpf

Edited by RR1972 - 31 May 2020 at 2:28pm
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Scarlet Emperor Quote  Post ReplyReply Direct Link To This Post Posted: 31 May 2020 at 2:30pm
Originally posted by totallybiasedscarlet totallybiasedscarlet wrote:

What was the gist of it?
The Scarlets income from the WRU could go down to as low as £500,000 from £8.5 million last year According to the Times. No income from any stadium events either.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote solva Quote  Post ReplyReply Direct Link To This Post Posted: 31 May 2020 at 2:49pm
A significant part of Rob Cole's piece is right at the end.....'the cash injection from CVC.....is a phased payment that will not provide a silver bullet solution.  
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