Perth Red
Post Whore
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$71mill increase. probably moistly the cash surplus from last year and this year plus Gambarro and some revaluations of stuff. I haven't heard they've purchased anything else.
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$71mill increase. probably moistly the cash surplus from last year and this year plus Gambarro and some revaluations of stuff. I haven't heard they've purchased anything else.
They`re talking about $300m + in revenue earning assets and an "ambitious" growth plan for the next five years. Sounds positive.
Any comments on this ?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
They had 170 million cash before they bought the gambaro
& there it isNo shame in being a strong second place
No shame in being a strong second place
Pretty funny seeing all the pvl haters scurrying under rocks
That's what we should be aiming for too. But it requires strong leadership. Pump the excess into assets and grassroots.
200 million in net assets from basically zero when he took over is a pretty good start
Very good result. I want to see if grassroots funding has been put back above 2019 levels before we get too giddy. If it has and we still acheived that surplus its a great result.
What? He took over end of 2019. That year nrl made a surplus of $30mill on just $324mill revenue and a net asset of $120mill lol. That was also the last financial report that was honest and open before vlandys started hiding the numbers.
| Year | AFL Revenue | NRL Revenue | Gap |
| 2012 | $471,493,000 | $185,668,000 | $285,825,000 |
| 2013 | $502,699,000 | $320,375,000 | $182,324,000 |
| 2014 | $524,431,000 | $350,902,000 | $173,529,000 |
| 2015 | $558,674,000 | $374,142,000 | $184,532,000 |
| 2016 | $569,856,000 | $391,368,000 | $178,488,000 |
| 2017 | $752,622,000 | $400,091,000 | $352,531,000 |
| 2018 | $778,596,000 | $523,562,000 | $255,034,000 |
| 2019 | $793,939,000 | $555,915,000 | $238,024,000 |
| 2020 | $674,816,000 | $419,673,000 | $255,143,000 |
| 2021 | $738,137,000 | $575,080,000 | $163,057,000 |
| 2022 | $869,937,000 | $593,000,000 | $276,937,000 |
