18th club, whose next?

[MugaB]

Yes Fiji Drua already are partially funded by the PacificAus Sports Program.

The same people who will be funding the PNG bid
Pat control

Moana pacifika is also funded too, but nz does it

 

[MugaB]

To add to the point @Vlad59, plenty of third world countries play soccer, play it very well and add to the prestige of any tournament they are involved in. Why can`t PNG do that for the NRL.

West Indies for cricket..... no difference Png for RL

 

[Perth Red]

So Brisbane 3 to come in 2035 after all the png money has been pssed away then?
unless they are going to bup some revenue making assets for the png club out of all that sweet aussie cash the chances of them being self sustaining in ten years is about the same as tigers winning a comp under Benji.

 

[Perth Red]

West Indies for cricket..... no difference Png for RL

West indies dont play in a domestic comp where they are competing week in week out against the worlds best.

be interesting to know if the $29mill grant means they won’t get the nrl $18mill grant on top, or if they are getting the govt grant plus the nrl grant. Given lack of any tv or sponsor value won’t surprise me if it’s a cost zero experiment for the nrl.

 

[Vlad59]

So Brisbane 3 to come in 2035 after all the png money has been pssed away then?
unless they are going to bup some revenue making assets for the png club out of all that sweet aussie cash the chances of them being self sustaining in ten years is about the same as tigers winning a comp under Benji.

Always look on the bright side of life

 

[Maximus]

“During high-powered negotiations, the NRL has been told $29m per year will be given to the football arm of the PNG franchise for a period of 10 years – a total of $290m.

The remaining $250 million will be allocated to social welfare and education programs in png”

also once deal expires no more money

So since you've been involved in all of the negotiations, where does the $100m for the compound come from?

 

[Wb1234]

West indies dont play in a domestic comp where they are competing week in week out against the worlds best.

be interesting to know if the $29mill grant means they won’t get the nrl $18mill grant on top, or if they are getting the govt grant plus the nrl grant. Given lack of any tv or sponsor value won’t surprise me if it’s a cost zero experiment for the nrl.

29 million fed grant
Plus
18 million nrl grant

47 million revenue before sponsors etc

vs

Perth 18 million grant
Wa govt nil

18 milion revenue before game day and sponsors

Perth players marginal tax rate over 50 percent

png tax rate nil

 

[Perth Red]

29 million fed grant
Plus
18 million nrl grant

47 million revenue before sponsors etc

vs

Perth 18 million grant
Wa govt nil

18 milion revenue before game day and sponsors

Perth players marginal tax rate over 50 percent

png tax rate nil

Nice guess work re grant
whose paying a tax rate over 50% in australia? cuckoo cuckoo

 

[Mother Nature's Son]

47 million revenue before sponsors etc

That`s a lot of, lot of money in PNG. Could hit 55 + million once local multinationals and PNG Gov add their bit.

 

[Wb1234]

Nice guess work

PNG going to be a juggernaught

50 million a year in football turnover is on par with the broncos

Hopefully they use some of that money to invest in properly assets for the club

 

[Perth Red]

PNG going to be a juggernaught

50 million a year in football turnover is on par with the broncos

Hopefully they use some of that money to invest in properly assets for the club

Like I said I can see the grant possibly being the govt money only and no nrl grant to be cost neutral for nrl given they wont earn the nrl any extra revenue.

 

[Wb1234]

Like I said I can see the grant possibly being the govt money only and no nrl grant to be cost neutral for nrl given they wont earn the nrl any extra revenue.

30 million football turnover is still massive lol

nrl keeps the 18 million grant for itself as profits

or gives each club an extra one million each

happy days

 

[Perth Red]

30 million football turnover is still massive lol

nrl keeps the 18 million grant for itself as profits

or gives each club an extra one million each

happy days

It’s not, it’s at the lower end of the nrl club revenue scale these days. Presumably they will at least be able to earn $5-7mill ayear from sponsors and crowds so it’s nearer a $35mill budget to play with (if the speculation is anywhere near accurate)

When you factor in the $4mill extra player payments and the high cost of attracting talent in non playing positions to work in png it won’t go that far. Let’s hope they are getting the NRL grant as well.

 

[titoelcolombiano]

So Brisbane 3 to come in 2035 after all the png money has been pssed away then?
unless they are going to bup some revenue making assets for the png club out of all that sweet aussie cash the chances of them being self sustaining in ten years is about the same as tigers winning a comp under Benji.

I'd be interested to see the plan but I'd imagine aggressive investment into income producing assets. I'd say the NRL has agreed to this backing themselves to be able to find it in 10 years alongside the corporate sponsors in PNG.

 

[Wb1234]

It’s not, it’s at the lower end of the nrl club revenue scale these days. When you factor in the $4mill extra player payments and the high cost of attracting talent in non playing positions to work in png it won’t go that far. Let’s hope they are getting the NRL grant as well.

What higher cost ?

their players pay no tax

they operate effectively on a cap close to 6 million higher than everyone else without costing them a thing

you should worry about western

 

[titoelcolombiano]

West indies dont play in a domestic comp where they are competing week in week out against the worlds best.

be interesting to know if the $29mill grant means they won’t get the nrl $18mill grant on top, or if they are getting the govt grant plus the nrl grant. Given lack of any tv or sponsor value won’t surprise me if it’s a cost zero experiment for the nrl.

I could be wrong but it sounds like the NRL will be administering the team in conjunction with the PNGRL, so the NRL will probably receive the Govt funds, give PNG a grant for players and coaches etc and invest in the pathways and future proofing assets themselves

 

[Bukowski]

I could be wrong but it sounds like the NRL will be administering the team in conjunction with the PNGRL, so the NRL will probably receive the Govt funds, give PNG a grant for players and coaches etc and invest in the pathways and future proofing assets themselves

That would be the smart play.

 

[Wb1234]

Take Nathan Cleary on 1.4 million pa. In Australia he pays 600k tax a year

in png is nil

cleary would save 3 million in taxes over five year. Around 40 percent more money

 

[Perth Red]

I could be wrong but it sounds like the NRL will be administering the team in conjunction with the PNGRL, so the NRL will probably receive the Govt funds, give PNG a grant for players and coaches etc and invest in the pathways and future proofing assets themselves

Only way to make sure the money doesn’t end up in suitcases at an airport!

 

[Iamback]

Nice guess work re grant
whose paying a tax rate over 50% in australia? cuckoo cuckoo

The top players are at about 47% as is the case with anyone on $1m