ADVERTISEMENT
RugbyDump
REGISTER
LOGIN
ADVERTISEMENT
RugbyDump
Monday Apr 6, 2020

Israel Folau's multi-million dollar payout at risk if Rugby Australia folds

Former Wallaby Israel Folau could yet lose out on his big money payout from Rugby Australia, should the organisation fold amidst the global Corona virus pandemic.

ADVERTISEMENT

Reports state that Folau’s multi-million dollar payout would take a major hit if the sports governing body in Australia were forced into insolvency.

The former fullback ace was sacked last year over his homophobic social media posts, including one stating hell awaits homosexuals.

The two parties agreed to an out-of-court settlement in December after the Folau sued RA (Rugby Australia) for religious discrimination. While the terms weren’t made public, it’s understood to be around $3m, which is the remainder of his four year contract.

According to The Australian, the settlement is being paid off in instalments with those payments at risk should RA go under. Should RA be forced to declare itself insolvent, Folau would become an unsecured creditor and depending on its assets, he’d likely be paid out only a few cents in the dollar.

Folau has been playing rugby league with French-based club Catalans Dragons in the Super League, although competition is currently suspended due to the coronavirus pandemic.

WATCH:
5 times the most Australian man in Australia, Nick Cummins, broke the internet

Related Articles

  • 27 WEEKS AGO

    George Ford set to leave Leicester for Premiership...

  • 27 WEEKS AGO

    Reinach and Pollard in as Boks make changes...

  • 27 WEEKS AGO

    Farrell confirmed as out of Springboks Test...



ADVERTISEMENT

Great Tries

  • 2 WEEKS AGO

    Watch: Blues score two STUNNING tries against Queensland Reds

  • 4 WEEKS AGO

    WATCH: Racing 92 know how play ‘GORGEOUS’ rugby

  • 4 WEEKS AGO

    WATCH: Teddy Thomas rinses defence with BLISTERING pace

  • 6 WEEKS AGO

    WATCH: Every Ulster try scored in Europe this season..and it’s glorious!

  • 6 WEEKS AGO

    WATCH: Fijian Drua show RIDICULOUS skillset and can score from anywhere

View All

Big Hits & Dirty Play

  • 4 DAYS AGO

    Fans outraged after shocking Owen Farrell moment

  • 6 DAYS AGO

    WATCH: Big Rugby Collision In South African Schools Match

  • 1 WEEK AGO

    WATCH: Sickening Shot Leaves Motionless

  • 2 WEEKS AGO

    Hardest hit of all time

  • 4 WEEKS AGO

    WATCH: Duhan Van der Merwe makes INCREDIBLE try saving tackle

View All

See It To Believe It

  • 1 WEEK AGO

    Hooker scores masterful try

  • 2 WEEKS AGO

    Tadhg Furlong produces one of the best ever passes by a forward

  • 2 WEEKS AGO

    Hardest hit of all time

  • 2 WEEKS AGO

    Leicester Tigers respond to hilarious fan incident

  • 3 WEEKS AGO

    Thrilling clash between Munster and Toulouse settled by a place kick shootout

View All

Funnies

  • 1 WEEK AGO

    WATCH: First It Was BoJo Now It's ScoMo

  • 4 WEEKS AGO

    Dad and 7 sons in Ireland forward pack

  • 4 WEEKS AGO

    Shocking mistake by Brumbies fullback prevents a certain try

  • 4 WEEKS AGO

    Ellis Genge hits back at Brian Moore

  • 5 WEEKS AGO

    Rugby was too violent, says UFC legend

View All

Amateur

  • 4 WEEKS AGO

    Watch: Epic Speech Epitomises Rugby Values

  • 6 WEEKS AGO

    WATCH: Epic touchline conversion from Tighthead seals the deal

  • 14 WEEKS AGO

    WATCH: Veteran props compared to Tadhg Furlong in new viral video

  • 81 WEEKS AGO

    Viral video of Scottish club brawl goes down a storm with rugby community

  • 118 WEEKS AGO

    RUGBYDUMP BLITZ: This Best of the Week round up is sure to entertain you

View All

Player Features

  • 22 HOURS AGO

    James Haskell sends twitter into another meltdown

  • 1 WEEK AGO

    Harlequins full-back to leave at the end of the season

  • 1 WEEK AGO

    Fans shocked after some huge recalls in the England squad

  • 2 WEEKS AGO

    Huge opportunity for young prodigy

  • 2 WEEKS AGO

    All Black World Cup winners teaming up in the USA

View All