How NRL Clubs Lost A Staggering $42.7 Million

[betcats]

There are NBA teams losing money each year as well.

 

[Craig Johnston]

this article is in line with the nrl's mandate that clubs must be profitable in the next 2 years and they don't want to provide any further handouts.

panthers and eels have never gone to the nrl asking for additional grants or grants in advance.....specific clubs have....

WHY ARE WE NOT TALKING ABOUT THOSE SPECIFIC CLUBS instead of focussing on the ones spending money the nrl should be covering for developing grassroots in Rugby League's heartland?

 

[Pete Cash]

Just looked through the Raiders rugby league clubs annual reports and I see nothing coming from Canberra Raiders for Jnr RL, all of it is coming out of leagues clubs. Raiders losses are due to poor revenue from low ticket, membership and March sales not because they are spending the nrl's clubs revenue in Jnr RL.

The raiders are just an extention of the canberra raiders group. They "own" the raiders. The raiders have been run at a loss since forever. Don furner literally said more than half the raiders losses last year were from running rugby league in the region

 

[Perth Red]

Whilst the same group they are run as seperate businesses and produce their own financials. Why would the NRL Raiders show a loss due to Jnr funding if they are gtting a grant from the leagues club for jr funding to the equal amount? Wouldn't they show it as grant revenue. Or are you suggesting the NRL raiders company is spending more on Jnr football than it receives from the Leagues club side of the operation? Or are you suggesting the leagues club is spending so much on Jnr football that it is making a loss?

 

[Craig Johnston]

The nrl grant is provided to offset player salaries under the nrl cap

 

[CC_Roosters]

Honestly it would all be a lot tidier and easier to manage for every stakeholder if clubs only had to look after u18 and u20. The rest of the juniors should be centrally managed and funded in each state.

 

[Pete Cash]

Whilst the same group they are run as seperate businesses and produce their own financials. Why would the NRL Raiders show a loss due to Jnr funding if they are gtting a grant from the leagues club for jr funding to the equal amount? Wouldn't they show it as grant revenue. Or are you suggesting the NRL raiders company is spending more on Jnr football than it receives from the Leagues club side of the operation? Or are you suggesting the leagues club is spending so much on Jnr football that it is making a loss?

Well obviously they are spending more than they got because they showed a loss. According to Furner they usually bury the loss they take on funding Rugby League in the area by not putting it on the raiders books. What do you think the canberra raiders group is for ?

Edit

Repeating what i posted before (source a few posts up)

But Mr Furner said the rest of the financial loss came from running grassroots competitions and junior development.

Mr Furner said the Raiders were one of a handful of clubs managing local competitions as well as the first grade and under 20s teams.



"We've spent about $5 million every year on rugby league in this region," he said.

"This year we include all those costs in our accounts and we haven't done that every year, so that is not to run the Raiders, that's to run league in this region, referees, ground hire, insurances, coach education courses.

"In this region we're both the Canberra district rugby league and the Raiders."

 

[franklin2323]

Honestly it would all be a lot tidier and easier to manage for every stakeholder if clubs only had to look after u18 and u20. The rest of the juniors should be centrally managed and funded in each state.

No this way is better. Leagues clubs pour the beers and leave Jnr Reps, Jnr Leagues to the Footy Club to run and fix them up later. It's just too difficult for some people to understand by not really complicated. Then each team can fund how they choose too

 

[Cockadoodledoo]

No this way is better. Leagues clubs pour the beers and leave Jnr Reps, Jnr Leagues to the Footy Club to run and fix them up later. It's just too difficult for some people to understand by not really complicated. Then each team can fund how they choose too

It staggers me that people actually want the juniors taken away from the clubs and run centrally by a bunch of lawyers.

 

[Rabbits20]

I was only thinking about newspaper readership the other day and how it has declined massively. Then I thought, what if they printed the newspaper directly on to toilet paper... Then people could buy it and read it on the loo before using it to wipe their arse once they finished.

Unfortunately, Buzz has shown me the error in that idea.

People can't wipe their arse with the paper if its already full of shit to begin with...

:lol::lol:

 

[hineyrulz]

Merge the Panthers and Eels. Pay them 10 million for the merger.

Hows get f**ked sound???

 

[CC_Roosters]

It staggers me that people actually want the juniors taken away from the clubs and run centrally by a bunch of lawyers.

Who said lawyers? Surely the NSWRL CRL and QRL can run all competitions up to u16 then have the clubs with u18 and so on. They can off course have u14, u15 etc talent squads that could play friendlies but otherwise i see no need for nrl clubs to be worrying about funding the development of 8 year olds.

 

[betcats]

Honestly it would all be a lot tidier and easier to manage for every stakeholder if clubs only had to look after u18 and u20. The rest of the juniors should be centrally managed and funded in each state.

In theory it sounds like a nice idea but the reality is it would be a f**king mess, imaging the fighting that would go on between the clubs and the state organisation in particular trying claim kids etc plus the clubs are the ones who know how to develop kids, they have a proven track record and all best scouts and junior coaches already have ties to the clubs. There would be so much shit going down imo in terms of secret deal making and recruiting and all that garbage.

 

[Galeforce]

I am shocked. Football clubs alone are revenue loss centres?

This is not news, it hasn't been for years and it's another excuse for Rothfield to take a swipe at both his 'mate' Gus and the institution that's Parra.

The evidence of the damage they're trying to do, is combining the Parra & Penrith figures into one to publish a nice big scary number. OOOH FOURTEEN MILLION BETWEEN THEM.

...and then he buries in a paragraph way down the page that for the bulk of clubs the football dept losses are offset by giant profits generated by the associated Leagues Club. Well done beetroot face.

You miss the point

1) The associated Leagues Club or whoever owns/sponsors an NRL club should UP FRONT advise the amount of money they will provide for the year. This should become part of the CLUBS budget which includes NRL grants, receipts from memberships/games/sponsors offset of costs.

A well run club should at least balance the book by the end of the year. A successful year is where the clubs makes a profit , due to greater attendance/membership / cost management and an unsuccessful club is running at a deficit. A poorly run club runs a big deficit each year and then requests more money from the NRL.

 

[betcats]

When has Penrith asked for more money? We apparently ended with a big deficit last season. Reading anything into this skewed and very basic look at clubs finances is stupid. Its a shit article from a shit reporter with an axe to grind.

Are we saying the Roosters are a poorly run club? Lol souths benefit from a famous Hollywood millionaire and the league adopting them as their baby in 2014. They just had the NRL head of strategy(who has since quit and gone back to souths) help secure them the best forward in the world while he was supposedly designing the future of our game. Without Crowe Souths would still be another piss poor club begging for handouts, lets not act like that business model can be replicated by any other clubs.

 

[Vic Mackey]

You miss the point

1) The associated Leagues Club or whoever owns/sponsors an NRL club should UP FRONT advise the amount of money they will provide for the year. This should become part of the CLUBS budget which includes NRL grants, receipts from memberships/games/sponsors offset of costs.

A well run club should at least balance the book by the end of the year. A successful year is where the clubs makes a profit , due to greater attendance/membership / cost management and an unsuccessful club is running at a deficit. A poorly run club runs a big deficit each year and then requests more money from the NRL.

No you're missing the point.

1) how do you know clubs don't do that?

2) after the grants the majority of clubs (apart from the Knights, Tigers - who will actually be in a better financial position if Balmain DO fold, but that's another story, dragons and Titans) do balance.

Saying Penrith, Parra etc would not be financial without their Leagues Clubs is exactly the same as saying Souths wouldn't be if they weren't owned by Russell Crowe

 

[Vic Mackey]

If you are to believe Rothfields logic, every person in Australia with a mortgage is in a diabolical financial situation.

 

[magpie4ever]

All it proves is you will never make a decent quid out of owning a football club/team.

 

[siv]

Whilst the same group they are run as seperate businesses and produce their own financials. Why would the NRL Raiders show a loss due to Jnr funding if they are gtting a grant from the leagues club for jr funding to the equal amount? Wouldn't they show it as grant revenue. Or are you suggesting the NRL raiders company is spending more on Jnr football than it receives from the Leagues club side of the operation? Or are you suggesting the leagues club is spending so much on Jnr football that it is making a loss?

This is because this report asked the FC execs to outline what they are spending on JRL

If a LC doesnt want to fund JRL then we just adopt the Soccer model and charge every kid $150

As occurs in most other non NRL aligned junior districts

I have no issue for the ARLC to consider funding junior RL districts say $2 mil per year

But that money must be given to the JRL district to either pay for rego or improve facilities

But of course JRL districts are more in number than NRL alugned districts

 

[franklin2323]

When has Penrith asked for more money? We apparently ended with a big deficit last season. Reading anything into this skewed and very basic look at clubs finances is stupid. Its a shit article from a shit reporter with an axe to grind.

Are we saying the Roosters are a poorly run club? Lol souths benefit from a famous Hollywood millionaire and the league adopting them as their baby in 2014. They just had the NRL head of strategy(who has since quit and gone back to souths) help secure them the best forward in the world while he was supposedly designing the future of our game. Without Crowe Souths would still be another piss poor club begging for handouts, lets not act like that business model can be replicated by any other clubs.

Our owner (The Leagues Club) Made $17m last year. That means nothing unless it's a rich actor putting the money in