Sooo... do we still have a sponsor? :nta
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#1
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Posted 17 February 2008 - 07:09 PM
Rage, rage against the dying of the light.
#2
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Posted 17 February 2008 - 09:09 PM
Found something, not good...
http://www.bayofplentytimes.co.nz/local ... ubsection=
http://www.bayofplentytimes.co.nz/local ... ubsection=
Quote
Blue Chip crisis hits Steamers, stadium
14.02.2008
By GRAHAM SKELLERN
Bay of Plenty Rugby Union and Baypark Stadium management are nervously waiting for more than $200,000 worth of sponsorship money from troubled property investment company, Blue Chip.
Despite sending invoices, emails and making phone calls, both managements have not received a payment from Blue Chip since September.
Council-owned Baypark Stadium is at present owed $50,000 and the Blue Chip payments will increase to $90,000 when the current contract ends next month. The rugby union, which had a loss of $162,000 last year, is owed more than $100,000.
For two years, Blue Chip has held the naming rights for the speedway and rugby stadium, and the Steamers representative side in separate deals worth a total of about $400,000.
The payments were thrown in to further uncertainty yesterday when 19 companies associated with Blue Chip went into liquidation.
Sydney-based parent company Blue Chip Financial Solutions continued to operate, though trading in its shares on the Australian stock exchange was halted.
Its New Zealand master franchise company Diem Ltd, and one of its licensees Blue Chip Bay of Plenty, based in Tauranga, were also operating.
Blue Chip Bay of Plenty closed its Rotorua office before Christmas, it also runs one in Botany Downs, Auckland, and Tauranga, once the busiest branch in the country, is down to six staff.
A total of 3000 investors have bought more than 2000 apartments and houses, worth millions of dollars, through the Blue Chip network that looks after rent collection and repairs and maintenance.
Late last year Blue Chip investors began complaining that their rent payments were in arrears.
A large group of the investors come from the Bay _ including some who were pulled in through the rugby union sponsorship.
Acting chief executive and rugby union chairman, Stuart Harvey, was desperately trying to contact Blue Chip founder Mark Bryers, who once lived at Mount Maunganui, to find out whether the sponsorship money will be paid.
Mr Bryers' sister Lynda Rewita and her husband Michael run Blue Chip Bay of Plenty.
Mr Harvey said he had dealt directly with Mr Bryers and his Australian company over the rugby union sponsorship _ the Blue Chip name appears on the front of the Steamers players' jerseys in the televised NPC matches.
"I've been working flat out to recover the money since mid-November, Mr Harvey told the Bay of Plenty Times.
"They came up with a plan to get the money to us but as each day goes by I'm getting more nervous.
"Mark took the deal over to the Australian office when he moved back to Sydney, and I'm still hoping the money will come through."
Mr Harvey said if the money wasn't paid, then it would place the rugby union in major difficulty.
"It's a large portion of our income and it means we will have trouble paying our creditors. The rugby union is based at Baypark Stadium and it pays a lease to Tauranga City Venues, the council-controlled organisation that manages the stadium."
Blue Chip has one more year remaining in its three-year sponsorship contract with the rugby union. Under the deal, the payments are made between August and December, but last year the rugby union only received one cheque from Blue Chip, in August.
Mr Harvey said the rugby union would now start looking around for a new naming rights sponsor.
After Tauranga City Venues took over running Baypark Stadium in September, it has not seen a payment from Blue Chip in a sponsorship arrangement worth up to $150,000 a year.
14.02.2008
By GRAHAM SKELLERN
Bay of Plenty Rugby Union and Baypark Stadium management are nervously waiting for more than $200,000 worth of sponsorship money from troubled property investment company, Blue Chip.
Despite sending invoices, emails and making phone calls, both managements have not received a payment from Blue Chip since September.
Council-owned Baypark Stadium is at present owed $50,000 and the Blue Chip payments will increase to $90,000 when the current contract ends next month. The rugby union, which had a loss of $162,000 last year, is owed more than $100,000.
For two years, Blue Chip has held the naming rights for the speedway and rugby stadium, and the Steamers representative side in separate deals worth a total of about $400,000.
The payments were thrown in to further uncertainty yesterday when 19 companies associated with Blue Chip went into liquidation.
Sydney-based parent company Blue Chip Financial Solutions continued to operate, though trading in its shares on the Australian stock exchange was halted.
Its New Zealand master franchise company Diem Ltd, and one of its licensees Blue Chip Bay of Plenty, based in Tauranga, were also operating.
Blue Chip Bay of Plenty closed its Rotorua office before Christmas, it also runs one in Botany Downs, Auckland, and Tauranga, once the busiest branch in the country, is down to six staff.
A total of 3000 investors have bought more than 2000 apartments and houses, worth millions of dollars, through the Blue Chip network that looks after rent collection and repairs and maintenance.
Late last year Blue Chip investors began complaining that their rent payments were in arrears.
A large group of the investors come from the Bay _ including some who were pulled in through the rugby union sponsorship.
Acting chief executive and rugby union chairman, Stuart Harvey, was desperately trying to contact Blue Chip founder Mark Bryers, who once lived at Mount Maunganui, to find out whether the sponsorship money will be paid.
Mr Bryers' sister Lynda Rewita and her husband Michael run Blue Chip Bay of Plenty.
Mr Harvey said he had dealt directly with Mr Bryers and his Australian company over the rugby union sponsorship _ the Blue Chip name appears on the front of the Steamers players' jerseys in the televised NPC matches.
"I've been working flat out to recover the money since mid-November, Mr Harvey told the Bay of Plenty Times.
"They came up with a plan to get the money to us but as each day goes by I'm getting more nervous.
"Mark took the deal over to the Australian office when he moved back to Sydney, and I'm still hoping the money will come through."
Mr Harvey said if the money wasn't paid, then it would place the rugby union in major difficulty.
"It's a large portion of our income and it means we will have trouble paying our creditors. The rugby union is based at Baypark Stadium and it pays a lease to Tauranga City Venues, the council-controlled organisation that manages the stadium."
Blue Chip has one more year remaining in its three-year sponsorship contract with the rugby union. Under the deal, the payments are made between August and December, but last year the rugby union only received one cheque from Blue Chip, in August.
Mr Harvey said the rugby union would now start looking around for a new naming rights sponsor.
After Tauranga City Venues took over running Baypark Stadium in September, it has not seen a payment from Blue Chip in a sponsorship arrangement worth up to $150,000 a year.
Rage, rage against the dying of the light.
#3
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Posted 18 February 2008 - 08:36 PM
I think it will take a while to find a new naming sponsor, but it seems the local community are digging deep, with kiwi mowers coming on board, with there name appearing on the players shorts.all so local law firm Hobec have signed up, good on them both.full story on th BOP web site. :clap:
"If you can't take a punch, you should play table tennis."
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