Neither the ODT or Dscene want to print my opinion as below.
In response to ORFU revelations in the ODT, I sent the email below to Chris Morris last Wednesday, hoping that he might get it printed.
The ODT seem uninterested in printing what I believe to be an important overview from my perspective, so I send this now again in the hope that you may see some value in printing it.
If this comment is unsuitable, no worries, but it would be helpful for me to know why.
OR FU chairman Wayne Graham claims to not know a lot about;
1 – the defamation suit he is bringing to Mayor Cull and the ratepayers [now or last week]
2 – OR FU financial reports over years showing alarming levels of escalating debt
3 – the state of OR FU finances when organising an OR FU black-tie party last August with at least $25,000 worth of food and beverage
4 – how much guests paid for this sensationally expensive OR FU party
5 – where the money went that party guests paid or whether it was a profitable event
It is surprising that the OR FU Chairman knows so little about finances and costs, because the ORFU have a track record of remarkable financing ability.
The ORFU don’t just have business brains, they are unprecedented business geniuses, managing to suck $5 million in pokie funds from South Auckland [despite rules saying these funds must be spent in the area they are collected], and slurp up Dunedin ratepayer funding of;
$1 million for Carisbrook lights [master stroke – DCC Waipori Power should own the lights because they use so much electricity],
$1500 per week for over 10 years in reduced interest payments for their soft DCC $2 million loan,
$7 million bail-out for Carisbrook which has since proved difficult to sell and expensive to maintain,
$450,000+ in rents, rates, and Stadium hire costs defaulted on
and $25,000+ for just the catering cost of their last big ORFU party at the Stadium.
Bail-outs can go on forever, but ORFU bankruptcy would at least provide liquidator’s answers and the possibility of a genuinely new beginning for Otago Rugby.
Feel free to quote the above.