A 50 mill bank guarantee is required
As the NRL confirmed an expansion would take place from 2023, the game’s finances were also on the agenda, with the new club
required to have a $50 million bank guarantee to carry it over the next five years without handouts from head office.
The Redcliffe Leagues Club, touted as favourites in the running for the NRL’s 17th franchise, has held 30-year hopes of again hosting a top-tier team. A final stadium-led push was driven largely by public funds.
www.brisbanetimes.com.au
If 13 mill a year grants then for each new side an extra 65 million will need to be extracted from broadcasters or obtained from somewhere as one assumes the existing clubs wont take a cut in the grant payments to accommodate any new teams.- Broadcast deals are usually 5 year ones.
Which of course may well mean an 18th team is a fair way off if ever and 18 maybe the limit that the game can afford based on the grant being 13 mill per club. Each Club receiving 65 mill over 5 years
18 teams - extra 65 mill required
19 teams - extra 130 mill required
20 teams - extra 195 mill required
If 18 though it has to be 2 conferences