How NRL Clubs Lost A Staggering $42.7 Million

[betcats]

If you can find a single grain of salt the size of Mount Kosciuszko, I think I might nod in agreement

:lol: Yeah a grain doesn't really cover it, maybe an oceans worth.

 

[franklin2323]

lol , she will be right response.

you are assuming that the difference between Souths profit and Panthers loss is investing in junior base.

What about crowds , receipts from games , membership and actual spending outside juniors?Your note assumes that all this is good.

You also ignore the point that Panthers Leagues club is closely linked to the community and if the community wants large junior base then Panthers Leagues club should be increasing the funding for this to the NRL club .

Also you assume that any junior funding is wisely spent , I dunno however the more juniors should also have more junior receipts for each player , as junior do pay annual fee and not the reverse.

My daughter plays U12 club soccer and we pay $340 a year for that privilege to pay for/registration /administration / support etc. The cost gap for our local club is made up by local sponsors.

Yeah we are in trouble... If you ignore the $200m investment the club is making in an academy, Community centre etc...

Soccer is a rip off in juniors not a like for like comparision

 

[BennyV]

I'm a little suspicious of this. Fairly sure the Broncos half year report back in July/August had profit at around 2m, so seems unlikely that the following 6 months lost most of that.
Maybe counselling Ben Hunt was really expensive.

Spent too much money winning the war.

 

[Pete Cash]

Holy moly that is a childs view of business lmao. One of the dumbest articles ive ever read

 

[Craig Johnston]

summary: sloth's club depends on dodgy future apartment sales to stay afloat

 

[Different kind of Rabbit]

"How NRL Clubs lost a staggering $42.7 million"

By Phil Rothfield....

... And thats where I stopped reading.

 

[hrundi99]

Most of the club have a business model that involves cash being provided by their leagues clubs to support their day-to-day expenses.

Ideally clubs would focus on ways to get closer to breaking even, but that is often easier said than done.

The fact that the article implies that this is a shock result is a simple case of misleading the reader.

This guy is an absolute joke.

 

[Blues Riff]

OP has embarrassed themselves quoting that shite :lol:

 

[Craig Johnston]

if anything, this article highlights how much money the clubs in the heart of rugby league are forced to pump in to fend off the nrl's major competitors whilst the nrl sits on it's hands and does f**k all supporting us.

 

[Timmah]

I am shocked. Football clubs alone are revenue loss centres?

This is not news, it hasn't been for years and it's another excuse for Rothfield to take a swipe at both his 'mate' Gus and the institution that's Parra.

The evidence of the damage they're trying to do, is combining the Parra & Penrith figures into one to publish a nice big scary number. OOOH FOURTEEN MILLION BETWEEN THEM.

...and then he buries in a paragraph way down the page that for the bulk of clubs the football dept losses are offset by giant profits generated by the associated Leagues Club. Well done beetroot face.

 

[Hello, I'm The Doctor]

I know....

Let's dump more cash into this money pit [(*,)

 

[no name]

Article needs more 'Phillip Ronald' quotes.

 

[RL The greatest game]

Haha. Let me guess it's Buzz that wrote this? All the clubs that lost the most have strong Junior Leagues. These are funded by the Leagues clubs so this story is just garbage as all News Limited stories are

yup

the man is an idiot

Panthers have a bigger junior base than any other club and are investing heavily in making their development even better. If they stopped doing so then we would be missing out on a lot of talented players in the future. It's money well spent in the longterm whether they keep the players or not.

Anything written by the tele about Gould should be taken with a grain of salt. Sloth uses the DT as his personal weapon in his fued with Gus.

"How NRL Clubs lost a staggering $42.7 million"

By Phil Rothfield....

... And thats where I stopped reading.

RLTGG likes the above comments.

 

[Raiderdave]

:lol::lol::lol:

Utter tripe.
From the first word to the last in this article.

News Ltds lies n BS knows no bounds
How these clowns are passed off as journalists I'll never know.:lol:

 

[Craig Johnston]

:lol::lol::lol:

Utter tripe.
From the first word to the last in this article.

News Ltds lies n BS knows no bounds
How these clowns are passed off as journalists I'll never know.:lol:

sadly the bloke who wrote it masquarades also as their cheif editor

 

[betcats]

Can we ban OP for this? A week or two just to make him wake up to himself.

 

[LESStar58]

Obviously a hatchet job to offset a recent Fairfax report outlining the dire financial state of some AFL clubs.

 

[hineyrulz]

Just when you thought old Betroot face couldn't sink any lower, pathetic journo but a far worse human being.

 

[Edwahu]

Don Furner confirmed the Raiders operating loss from football is more like 2.5 million and the total number includes millions invested in Rugby League in the region, which wasnt included in the past.

http://www.abc.net.au/news/2016-02-10/canberra-raiders-play-down-$5.4-million-loss-in-2015/7155348

 

[jargan83]

Like others, I stopped reading at Phil Rothfield.

Bloke is a News Ltd puppet.