Menu
Franchises

Court Documents Allege University VC Cut Brumbies Ties After New CEO Queried Deal

Court documents allege that the vice-chancellor of the University of Canberra "severed all ties with the management" of Super Rugby side ACT Brumbies, despite it being based on campus, after its CEO exposed "questionable dealings between the entities," according to Anthony Klan of THE AUSTRALIAN. In documents filed with the ACT Supreme Court, former Brumbies CEO Michael Jones "claims a string of parties, including university vice-chancellor Stephen Parker, moved to attack his reputation after he raised concerns about the team’s relocation." Parker and at least one other ­accused party "have strenuously denied the allegations." In '13, the Brumbies "sold their Griffith site, in Canberra’s inner south, to a developer and did a deal to move to the UC, with a view to freeing up capital." A tax concession of up to A$7.5M from the ACT government granted for the benefit of the Brumbies instead "was enjoyed by property developer Amalgamated Property Group." At the university, the Brumbies made a 30-year deal and paid A$5M for a "sports hub" to be built, despite team lawyers strongly ­advising against it. Jones claimed that along with the lost grant, the Brumbies also "were worse off under the UC deal" as they now paid about A$400,000 ($297,600) a year in outgoings, up from A$100,000 ($74,400) at their old site. The deals "are understood to be examined in detail in a KPMG report commissioned by the Brumbies that currently is suppressed." Jones alleged in court documents that "he approached Professor Parker seeking to remedy the terms of the university deal and to discuss what he thought were serious problems with it, but the professor declined to negotiate" (THE AUSTRALIAN, 6/10).

SBJ Morning Buzzcast: May 8, 2024

Start your morning with Buzzcast with Austin Karp: The NFL sets a date for its 2024 schedule release, while also dropping hints that it could soon approve private equity investment in teams; WNBA teams finally land charter flights; the F1 Miami Grand Prix delivers a record on TV; and Elevate lands in Happy Valley.

Phoenix Mercury/NBC’s Cindy Brunson, NBA Media Deal, Network Upfronts

On this week’s pod, SBJ’s Austin Karp chats with SBJ NBA writer Tom Friend about the pending NBA media Deal. Cindy Brunson of NBC and Phoenix Mercury is our Big Get this week. The sports broadcasting pioneer talks the upcoming WNBA season. Later in the show, SBJ media writer Mollie Cahillane gets us set for the upcoming network upfronts.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2016/06/10/Franchises/Brumbies.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2016/06/10/Franchises/Brumbies.aspx

CLOSE