Druing the last week the Queensland newspaper ran an article about how the Queensland Reds were investigating the possibility in future of private equity partners. My understanding is that the 2011 new entrant into Super rugby, the Melbourne Rebels, is the first privatized rugby franchise in Australian rugby.
The Brisbane Broncos showed just how well run and finanically successful a private franchise could be in a competition with the other teams that are not privately run.
I had to laugh at the comment by the Reds administrators. Fifteen years ago I said to a Red player 'The only chance of creating something create in Australian rugby at state level is to have a privately owned team'.
Of course at that time, it was considered inconceiveable by everyone that this could happen. In fact I suspect that the killing of the RWC in 1995 may have had something to do with the fear of the rise of private money in a game run for so long by a board of socially connected and control-oriented people.
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