Ralph Carr withdrew $880k from RCM Touring before it went bust

HIGH-profile sport and entertainment manager Ralph Carr made a $880,000 withdrawal from one of his companies before it went bust, with liquidators saying the transactions could be legitimate but at the moment they are unexplained.

Richmond training and Dustin martin the day after. Dustin Martins manager Ralph Carr . Pic: Michael Klein

EXCLUSIVE: HIGH-profile sport and entertainment manager Ralph Carr withdrew $880,000 from one of his companies before it went bust.

Liquidators have used their powers to access a Commonwealth Bank account linked to RCM Touring, which a court ordered be wound up in June over an unpaid debt.

They found a series of “round-number” withdrawals with little or no explanation as to what the money was spent on. Liquidators have said the transactions could be legitimate, but at the moment they are unexplained.

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Mr Carr has repeatedly failed to provide the books of RCM Touring to liquidators after a court ordered it be wound up in June over a $120,000 debt to a supplier.

Andrew Spring, of Jirsch Sutherland, reviewed RCM’s CBA account.

“There was $900,000 withdrawn in one transaction, that might well be legitimate. We’d like to have that explained and see the evidence behind it,” he said.

“We look at transactions with large round figure amounts that have unexplained descriptions or no ­descriptions.

“We have sent some correspondence to Ralph Carr for a please explain of transactions in and out of the company. There are lots of unexplained transactions.”

Ralph Carr chats with his client, Richmond's Dustin Martin, before a game earlier this year. Picture: Michael Klein

The $880,000 withdrawal was made in the middle of last year. Liquidators have filed a report to the corporate watchdog reporting Mr Carr and his company for failing to provide the books for the company.

The Australian Securities and Investments Commission has the power to ban people from being a director of a company, or in extreme cases pursue criminal charges, for failing to provide a company’s books to liquidators.

Mr Carr has directorships of at least 10 other companies. He manages Richmond star Dustin Martin, helping him sign an $8 million deal last year.

He was holidaying in Greece on his own last month before flying to London.

Mr Carr lives in a multimillion-dollar five-bedroom historic mansion on the banks of the Yarra River in Hawthorn, which he paid $7.55 million for in 2013.

The Footy Show filmed ­Martin playing pool there after his deal was signed.

RCM Touring was first registered in June 2016, with Mr Carr as director and secretary.

The Federal Court of ­Australia ordered that RCM be wound up in June. Promoter Sam Righi had filed a ­complaint demanding he be paid $120,300 for work on Mr Carr’s tours.

They included Martin’s sold-out speaking nights at Crown casino, a Priscilla Presley tour, a show featuring an orchestra playing to a video of Elvis Presley and a cancelled Roy Orbison hologram tour.

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