canada goose Moving forward, that is certainly something that can help us open some doors to other markets,” Nobbs said.April 30 2020 8:00PMWorth the investment? Brumbies open to private backers if they Chris DuttonBrumbies chairman Matt Nobbs told members this week the board had to be proactive in finding “other buckets” of revenue to survive the new world when coronavirus restrictions are lifted.The idea of private investment in Canberra isn’t particularly new. But while in the past it has been just an idea, Nobbs says it is now a “serious conversation”.Any private investment or ownership deal would need approval from the ACT and Southern NSW Rugby Union, who effectively own the Brumbies.It’s understood there have been preliminary conversations to gauge interest in buying a stake in the Brumbies, but nothing has progressed and the board has not spoken about what percentage they would be willing to sell, if any.For any of it to progress would require deep boardroom discussions and information sessions with the ACT rugby members.Andrew Barr gives tick for Raiders to play in CanberraRicky says the Green Machine’s ready to playNRL confirms season as Soliola urges players to follow rules’Please stop calling me’: Kyrgios’ epic birthday stitch upBrumbies speak to fans about viability concernsBut Australian rugby’s financial woes and a coronavirus shutdown has forced the Brumbies to think differently about their future and how they can generate revenue.Private equity is one possible avenue, although the Brumbies have no idea what their value would be. The Melbourne Storm was valued at more than $30 million earlier this year, giving the Brumbies hope there is an opportunity to explore private investment options.The fact rugby has struggled as a product in recent years could hurt the valuation, but it could also make teams an attractive proposition given the potential for growth and the sport’s international market.”But it would have to be the right fit,” Nobbs said on Thursday.
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