2022 Financial Reports

[Wb1234]

Parra Leagues is the parent company of Parra Eels, which is why they are able to consolidate the club with the leagues club financials.

Any idea how much profit the footy club made on its own ? And if it received any grants from the lc ?

 

[The_Wookie]

Any idea how much profit the footy club made on its own ? And if it received any grants from the lc ?

Club report isnt available yet

 

[Brick Tamland]

The big question, which I cant see in the report is how much did the NRL eels need from the LC to function? It used to be a lot, like $5mill plus a year!
With the increase in football club operations it would interesting to see how much this reliance has come down. Looking at the healthy fan and corporates revenue you would have to think it has done significantly/.

From the CEO's report p16-17:

 

[siv]

The only time a LC model needs to change, is when a LC can not fullfil its prime purpose, which is to fund the FC directly or indirectly by providing rent free real estate

 

[bad boy bubby]

Prediction,
Once todays article by Webster gets posted, this thread will go the way of many others.
Prediction.

 

[Wb1234]

J

Prediction,
Once todays article by Webster gets posted, this thread will go the way of many others.
Prediction.

Juicy

must be good news about Cronulla finances !

 

[Wb1234]

“In 2021, regional licensed clubs contributed $9,805,500 to rugby league of which $7,280,500 was invested in grassroots rugby league and $2,525,000 in NRL clubs and their associated junior leagues. At the same time, metropolitan licensed clubs invested $29,677,500 in rugby league comprising $17,097,000 in grassroots clubs and $12,580,500 in NRL clubs and their associated junior leagues.”

It’s time for rugby league to blow up the pokies - but can it?

Football clubs are facing a future with dwindling funds from leagues club’s poker machines. Are they ready for the new reality?

www.brisbanetimes.com.au

 

[Munky]

A couple of observations:

1. Parra Leagues is separate from Parra Eels. Wonder if NRL side by itself is viable.

2. Parra Leagues has $54m of revenue from Poker Machines. More than 50% of it's total revenue. Wonder what impact the new NSW cashless cards will have on this going forward and IF they start to bleed money (it would only take a hit of $10.5m to wipe out their total profit or approximately a 20% reduction in poker machine revenue). Focus should still be on the Souths model and have NRL sides a legitimate going concern that can generate profits based on sponsorship, crowds, membership and NRL grants.

A big chunk of the COGS is pokie tax so if they lost 10.5m in revenue their expenses would go down as well.

That said most clubs are a gravy train for entrenched boards to enrich themselves by way of related party contracts.

It'll be interesting to see how many clubs have leadership with good business nous rather than relying on free money from pokies. 13% for providing nothing is an insane margin.

 

[Pneuma]

Prediction,
Once todays article by Webster gets posted, this thread will go the way of many others.
Prediction.

You mean a never ending whinge fest courtesy of the whinging Pom and the bogan from Logan?

 

[bad boy bubby]

You mean a never ending whinge fest courtesy of the whinging Pom and the bogan from Logan?

Maybe,
or maybe I'm doing an amateur psychological study on reactions

 

[Wb1234]

You mean a never ending whinge fest courtesy of the whinging Pom and the bogan from Logan?

It’s never ending anyway

no matter the topic one talks about how good afl is and the other talk about how bad Sydney rl is …. Then they both hate leagues clubs

 

[Perth Red]

From the CEO's report p16-17:

View attachment 70161

Thanks, that's very good news and just shows what a new stadium can do for a club if it takes advantage of it.

 

[Perth Red]

NZRL annual report 21-22

 

[Perth Red]

The Australian Rugby League Commission (ARLC) has advised its members that the game will report a record operating surplus of $62.9 million for the 2022 season.
This compares to a $43 million surplus in 2021, an increase of $19.9 million. Further, the net asset position now exceeds $200 million, up by 45% compared to 2021.
Total revenue increased by $18.7 million to a rugby league record revenue of $593.8 million. Operating expenditure dropped $17.1 million which is nine per cent lower than in 2021.
The reduction in operating expenses has put the game in a strong position which will allow distributions as a percentage of revenue to be increased further in the next five-year cycle.
Distributions to players, Clubs, States and game development were also up by $17.3 million which is a 4.9 per cent increase on the prior year.
The acquisition of Gambaro Hotel represented the first step in the plan to strengthen the ARLC balance sheet by acquiring income-producing assets. The asset is performing well and ahead of expectations. The net asset position now exceeds $200 million, up by 45% compared to 2021.
NRL players also received approximately $40 million in outperformance payments enabling players to receive almost all of the salary related reductions during COVID-19.

NRL announces financial results for 2022 season

The Australian Rugby League Commission (ARLC) has advised its members that the game will report a record operating surplus of $62.9 million for the 2022 season.

www.nrl.com

 

[Spot On]

Outstanding numbers.

Great leadership shining through all the way to the bottom line.

 

[Babyface O'reilly]

The Australian Rugby League Commission (ARLC) has advised its members that the game will report a record operating surplus of $62.9 million for the 2022 season.
This compares to a $43 million surplus in 2021, an increase of $19.9 million. Further, the net asset position now exceeds $200 million, up by 45% compared to 2021.
Total revenue increased by $18.7 million to a rugby league record revenue of $593.8 million. Operating expenditure dropped $17.1 million which is nine per cent lower than in 2021.
The reduction in operating expenses has put the game in a strong position which will allow distributions as a percentage of revenue to be increased further in the next five-year cycle.
Distributions to players, Clubs, States and game development were also up by $17.3 million which is a 4.9 per cent increase on the prior year.
The acquisition of Gambaro Hotel represented the first step in the plan to strengthen the ARLC balance sheet by acquiring income-producing assets. The asset is performing well and ahead of expectations. The net asset position now exceeds $200 million, up by 45% compared to 2021.
NRL players also received approximately $40 million in outperformance payments enabling players to receive almost all of the salary related reductions during COVID-19.

NRL announces financial results for 2022 season

The Australian Rugby League Commission (ARLC) has advised its members that the game will report a record operating surplus of $62.9 million for the 2022 season.

www.nrl.com

And to think all the naysayers on here we’re giving you shit for your limitless faith in the game, confidently predicting the game was in a good place - standing alone, sticking firm, staunchly defending the NRL and you were ultimately vindicated. Much respect.

 

[Phil McGrawhan]

And to think all the naysayers on here we’re giving you shit for your limitless faith in the game, confidently predicting the game was in a good place - standing alone, sticking firm, staunchly defending the NRL and you were ultimately vindicated. Much respect.

He will find negatives in there for sure .
if not he will make them up until Wookie corrects him

 

[Pneuma]

He will find negatives in there for sure .
if not he will make them up until Wookie corrects him

In the meantime

Pokie dens!
Pistol Pete!
Sock puppet!
Bless!

 

[Perth Red]

No shame in being a strong second place

 

[The Penguin #6.]

Wonder what the net assets of $200m are ? a 45 % increase since 2021, I think they only paid about $20m for the Gambarro, does that include a valuation on the digital assets.