The Game 2020 Annual Reports - Clubs, States and NRL

[Perth Red]

Covid impact
Revenue down 25% ($136.3million)
Overall Loss of $24.7mill (from a surplus of $29mill in 2019)

non recurring costs due to covid $11.4mill

Reduction in media revenue of $76mill

Reduction in nrl costs $82.5mill due to staff cost cutting, reduction in funding to Nzrl and affiliate states and reduction in event/sponsorship spending

https://www.nrl.com/siteassets/about/annual-reports/nrl-annual-report-2020.pdf

 

[Smug Panther]

Lord Peter did brilliantly

 

[Perth Red]

As usual grass roots bore the brunt of cost cutting with an overall reduction of $43.1million in funding, whilst nrl clubs received an extra $17million compared to previous year.

 

[franklin2323]

As usual grass roots bore the brunt of cost cutting with an overall reduction of $43.1million in funding, whilst nrl clubs received an extra $17million compared to previous year.

How much of that was due to the lower tier footy being cancelled.

All in all a good outcome

 

[Fangs]

Ahh PVL, you've done it again.

 

[2012....Sharks Year]

As usual grass roots bore the brunt of cost cutting with an overall reduction of $43.1million in funding, whilst nrl clubs received an extra $17million compared to previous year.

Do you rub one out on Annual report release day PR?

 

[Perth Red]

Do you rub one out on Annual report release day PR?

No different to any other day

 

[gerg]

No different to any other day

Surely you use your non preferred hand to spice it up a little?

 

[Perth Red]

Surely you use your non preferred hand to spice it up a little?

pays to be ambidextrous to avoid rsi.

 

[Perth Red]

We aren’t being told the whole truth re the tv reduction!
didn’t pick it up at first but nrl seem to be hiding something as they have not identified media revenue as a stand alone in the annual report and have lumped it into a line item called “licensing”. This seemingly includes other revenue than just the media deals masking the actual reduced amount. Very dubious given every year Since nrl annual reports came out in 2012 they’ve had the media revenue identified as seperate revenue source!
I’d suggest the tv reduction is significantly higher than ive posted given this dubious accounting decision to hide away the actual media revenue. I base this on the fact it is stating 2019 licensing revenue is $80mill more than the media revenue for 2019 suggesting they have lumped other things in there to stop direct comparisons being possible, dodgy as!
https://www.theaustralian.com.au/sp...l/news-story/fe839a21679bf14f6235dcf7c206667e
https://www.theaustralian.com.au/sp...l/news-story/fe839a21679bf14f6235dcf7c206667e

 

[wazdog]

The clubs should also be starting to release their results now as well.

Rabbitohs came out a few weeks ago and made a net profit before tax of $1.8m (up 50% from last year) and third year in a row being profitable.

Revenue: sponsorship took a big hit in addition to game day related items gate receipts, merchandise and membership.

Expenses: reductions driven by a combination of player payment decreases, football staff reductions and the cancellation of the lower tier competitions.

 

[colly]

John Stensholt That well known toady for the AFL writes a story..... perth red quotes....
$476 million BS
https://www.theaustralian.com.au/sp...l/news-story/fe839a21679bf14f6235dcf7c206667e

S o Mr Stensholt quotes a note...
“The new extended broadcast deal … will deliver $946 million to the AFL industry over the two years,” a note in the accounts says."
So their getting more than the old deal even without coronavirus reductions. WOW who believe it? Perth red thats who. Most of this article quotes BS about the AFL
Seven deal 150m (information supplied by Perth red0
Foxtel deal 200m (1)
Total deal 350
Missing money 123m p/a

(1) The deal represents a 25 per cent increase on the revised rights agreement the AFL struck with Foxtel because of the pandemic, but is only slightly higher than the original deal. so that 200m

 

[colly]

We aren’t being told the whole truth re the tv reduction!
didn’t pick it up at first but nrl seem to be hiding something as they have not identified media revenue as a stand alone in the annual report and have lumped it into a line item called “licensing”. This seemingly includes other revenue than just the media deals masking the actual reduced amount. Very dubious given every year Since nrl annual reports came out in 2012 they’ve had the media revenue identified as seperate revenue source!
I’d suggest the tv reduction is significantly higher than ive posted given this dubious accounting decision to hide away the actual media revenue. I base this on the fact it is stating 2019 licensing revenue is $80mill more than the media revenue for 2019 suggesting they have lumped other things in there to stop direct comparisons being possible, dodgy as!
https://www.theaustralian.com.au/sp...l/news-story/fe839a21679bf14f6235dcf7c206667e

it looks like the NRL payed off the 100m dollar loan from broadcasters. No mnetion of loan in 2020 budget papers, while a refence is in 2019. So the NRL payed back loan in 2018 and 2019 $50m odd with some kid of interest in 'two payments' or defered revenue.
Well done NRL, now we don't have loans unlike AFL.
AFL--The league spent a huge $60m from its savings fund to “mitigate losses throughout the AFL industry” and its borrowings went up about $100m to $190m, including the recognition of lease liabilities and the drawing down of loan facilities to help various clubs.

Here is the 2019 budget statement about the advance/loan which seems to be payed off.


Consolidated total liabilities decreased by $8.1m to $151.2m due to:
» A decrease in other current payables of $8.0m due primarily to a decrease in deferred revenue as a result of part of the $100.0m advance payment received from the broadcasters in financial years recognised as income. The accompanying notes form an integral part of this Statement of Consolidated Financial Position.

page 140 141 annual report 2019
Notice that advance payment was $100 million.All 'payed' off

 

[Perth Red]

it looks like the NRL payed off the 100m dollar loan from broadcasters. No mnetion of loan in 2020 budget papers, while a refence is in 2019. So the NRL payed back loan in 2018 and 2019 $50m odd with some kid of interest in 'two payments' or defered revenue.
Well done NRL, now we don't have loans unlike AFL.
AFL--The league spent a huge $60m from its savings fund to “mitigate losses throughout the AFL industry” and its borrowings went up about $100m to $190m, including the recognition of lease liabilities and the drawing down of loan facilities to help various clubs.

Here is the 2019 budget statement about the advance/loan which seems to be payed off.


Consolidated total liabilities decreased by $8.1m to $151.2m due to:
» A decrease in other current payables of $8.0m due primarily to a decrease in deferred revenue as a result of part of the $100.0m advance payment received from the broadcasters in financial years recognised as income. The accompanying notes form an integral part of this Statement of Consolidated Financial Position.

page 140 141 annual report 2019
Notice that advance payment was $100 million.All 'payed' off

any thoughts on nrl hiding the drop in tv revenue colly? Why do you think they are so shy to tell the fans what’s gone on and what deal Vlandys has signed us up to?

 

[colly]

any thoughts on nrl hiding the drop in tv revenue colly? Why do you think they are so shy to tell the fans what’s gone on and what deal Vlandys has signed us up to?

I tell you when you show me how and who pays what, in the 2 year AFL $946m contract that you quote.


No one has said their wasn't reductions ( except you of coarse with Ch 7 getting $150 per year supposedly that with a coronavirus reduction )

 

[Perth Red]

I tell you when you show me how and who pays what, in the 2 year AFL $946m contract that you quote.


No one has said their wasn't reductions ( except you of coarse with Ch 7 getting $150 per year supposedly that with a coronavirus reduction )

been through that, who knows, it’s a statement made by afl that hasn’t been refuted by anyone so I guess time will tell what the real cash amount is. What do you make of their reported $45million media reduction compared to our ?$71million for last year considering we got back so early and was less impacted in integrity of our comp? Vlandys get us a good deal in your opinion?

its an interesting different approach by both codes. AFL has decided to dip into reserves and borrow, whilst nrl has decided to largely slash and burn to reduce costs as well as dip into the cash asset base. Be interesting to see long term which proves the best approach.

 

[Perth Red]

Where the nrl saved money (governing body figures):
Football (this includes refs, bunker etc) $5.7million
Community and player welfare $4.6million
Admin $7.1million
Grassroots $33.4million

where it spent more money
Insurance and finance $400k
Nrl club grants and player funding $17.5million

There was significant reduction in spending on events but that is a revenue generating line and reductions there are due to impact on events and sponsorships and lead to loss of revenue

on top of that nrl paid out $4.5million on redundancies and other costs related to staffing reductions

 

[baselinepanther]

i read somewhere that the origin series wasn't included in these figures also as it was played in november & the books were closed on the year in october

if it had been included , the loss for the year would have only been 5 million , not 24 million.
a good outcome
the AFL lost 29 million

 

[Phil McGrawhan]

As usual grass roots bore the brunt of cost cutting with an overall reduction of $43.1million in funding, whilst nrl clubs received an extra $17million compared to previous year.

Most of it was cancelled
How can you have grass roots when due to Covid restrictions (depending on the state) there were either none or very few games .
Another pathetic attempt at attacking the NRl .

 

[Phil McGrawhan]

We aren’t being told the whole truth re the tv reduction!
didn’t pick it up at first but nrl seem to be hiding something as they have not identified media revenue as a stand alone in the annual report and have lumped it into a line item called “licensing”. This seemingly includes other revenue than just the media deals masking the actual reduced amount. Very dubious given every year Since nrl annual reports came out in 2012 they’ve had the media revenue identified as seperate revenue source!
I’d suggest the tv reduction is significantly higher than ive posted given this dubious accounting decision to hide away the actual media revenue. I base this on the fact it is stating 2019 licensing revenue is $80mill more than the media revenue for 2019 suggesting they have lumped other things in there to stop direct comparisons being possible, dodgy as!
https://www.theaustralian.com.au/sp...l/news-story/fe839a21679bf14f6235dcf7c206667e

Lol X1,000,000.
If you could have found a bookie willing to take a bet on MR AFL wonderful PR finding a negative or some conspiracy theory in the report you could have made a killing .
Like the sun coming up in the East it's a sure bet .
We came through Covid far better than expected .
Better than the AFl
Yet all you do is whinge & whine .