The Entity is actually Penrith Rugby leagues club, it’s in the name, lots of Penrith fans go to the club to watch games , consume food and drinks. Those items are included in fc revenue at the stadium, they also have a hotel that travelling fans from the country can stay at
The parent entity is Penrith Rugby League Club Ltd
The football club is Penrith District Rugby League Football Club Limited.
and there are separate reports for the football club and consolidated for the leagues.,
That said the same arrangement exists for Parramatta, Canterbury, Cronulla, North Queensland, Canberra, Easts.
The football club data is useful, but not entirely essential. Ive not got a lot of time for people who cant see the relationship between leagues and clubs for what it is.
Let’s include news ltds revenue in broncos then lol
News Limited has a lot of shares in the Broncos it is not the parent company of the Broncos. Unlike say, Valimanda which is the parent company of the Melbourne Storm. (and is entirely private and doesnt issue reports)
I'm not aware of the AFL situation. Do their big clubs have assets even if they don't run leagues-style clubs? I would assume they do otherwise where are they spending all their money?
Most AFL club assets are their training facilities - Carlton and Brisbane have the bigger pokies facilities (in an AFL context), Richmond have gone hell for leather on Leisure centre management. Wasnt until the last 20 years or so that the clubs started moving away from the Council owned facilities theyve had for a century or more. Diversification out of football is still not a huge priority for either the AFL or its clubs.