It’s been another tricky 24-hours for Super Rugby club, Melbourne Rebels. Their season is due to kick off in just under two weeks, but their off-the-field troubles are currently putting their on-field opportunities in jeopardy. On Tuesday 13th February, all staff members had their contracts terminated, including CEO Baden Stephenson and nine other administration staff.
Various coaches and vital staff have been re-employed on a short-term 4-month contract, however, to ensure that the side can still complete the Super 14 season – avoiding any further fines for pulling out of the competition. Players have avoided the cut completely thanks to their centralised contracts with Rugby Australia.
A report from the Sydney Morning Herald claimed that the Melbourne-based club currently sit in a well of over $20 million worth of debt. The article details:
“Auditors from PwC appointed to investigate the club’s finances revealed the Rebels owe $11.6 million to the Tax Office, $5.7 million to board members, and $2.8 million to suppliers – which include sponsors that paid their fees upfront.
“Adding to the list of debts is $1.1 million in unpaid stadium fees, $720,000 owed to the State Revenue Office and $250,000 in superannuation owed to employees.”
Advertising their pre-season match against Fijian Drua this afternoon, one fan joked: “lol, have you got the money for this?”
With just $17,300 in the bank – this is a trying time for the club that were founded just fourteen years ago.
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