Steel Saints
Juniors
- Messages
- 1,203
The NRL itself are not going to invest in a stadium. To do so, they'd have to divert a lot of revenue to finance it, and then for upkeep. Thing is, at least 50% or more of the NRL's revenue must be spent on player wages via grants to the clubs. Then you have to take out it own operation costs (e.g. travel for teams, payment of referees, accommodation etc), and the funding for the local and state leagues that they distribute. As such they do not have that much spare revenue to divert to a stadium build, let alone stadium upkeep. Its economically unfeasible for them.
The NSWRL were looking at building its own stadium in St Peters back when Bill Buckley was its Chair. The SCG Trust effectively kyboshed it by making Buckley a member and glad handing him, so the NSWRL abandoned the plan. Thuis the boat has sailed since that 1960s proposal, and it won't be coming back.
NRL undervaluing themselves in tv rights over the last 25 years or so hasn't helped. Firstly the NRL was part owned by Fox, so Fox and the NRL were negotiating with themselves.
Secondly Dave Smith only completed the FTA component in 2015 and finally the NRL and PVL signed an extension with Fox during Covid lockdown. So it's fair to say, the NRL has left money on the table, maybe enough money to have invested in their own stadium.