Apparel company ISC’s collapse could cost NRL clubs a combined $8 million
The game’s biggest jersey supplier is in severe financial distress casting a potential $8 million hole in club coffers.
It is understood ISC – which is the official apparel partner and merchandise supplier of eight clubs – is on the verge of financial collapse.
The company has partnerships with last year’s grand finalists Sydney Roosters and Canberra plus a host of other clubs including Parramatta, South Sydney, Wests Tigers, North Queensland and Melbourne.
Clubs and the company have been in negotiations with in recent weeks. The terms of each of these deals are different with some fortunate to have their contracts expiring at the end of the year so the financial impact will not be as significant.
Others were locked into long-term deals.
It is understood at least one club has taken the matter to arbitration. Calls to ISC’s head office were directed to a message bank indicating their office was closed while an email went unanswered.
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