How NRL Clubs Lost A Staggering $42.7 Million

[Craig Johnston]

i think the panthers did not so long ago, but the nrl said they would have to sign up with the nrl for a longer amount of time, and penrith told them to go jump and got their money else where. i heard penrith are rich in assets but needed more cash

Yes you're right I remember this, they wanted an advance on their grant for their new academy, again asking the nrl to contribute to grassroots in western Sydney, good on them for telling the nrl to shove it

 

[Craig Johnston]

rusty hasn't needed to put money into souths for years

What's the interest component on that 1m a season repayment?

What's would have been the total compound interest since that original 10m was outstanding?

 

[alien]

Lol please, the TV deal won't allow a club to die they know it.

the tv deal is for a certain number of games. one club can be replaced with another

 

[Craig Johnston]

As long as the afl is targeting Sydney, the nrl won't allow any unforced desaturation of its most critical market

 

[Vic Mackey]

the tv deal is for a certain number of games. one club can be replaced with another

As easily as you go from club to club, the NRL can't simply say 'ok cya Titans, hello Perth' in a year.

 

[alien]

As easily as you go from club to club, the NRL can't simply say 'ok cya Titans, hello Perth' in a year.

how about "goodbye tigers, hello magpies" :lol:

 

[Vic Mackey]

how about "goodbye tigers, hello magpies" :lol:

There's more chance of you running the city to surf then that happening

 

[Perth Red]

I suppose if the NRL was serious they could stop loaning them money and let them sink or relocate them somewhere as a final option for survival but given all the rhetoric about wanting 16 strong existing clubs it is hardly likely.

 

[Chief_Chujo]

I suppose if the NRL was serious they could stop loaning them money and let them sink or relocate them somewhere as a final option for survival but given all the rhetoric about wanting 16 strong existing clubs it is hardly likely.

There's the agenda

 

[Sydney Knight]

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

Correct me if I'm wrong but I was under the impression that the recent AFL numbers also include gaming revenue?

 

[mongoose]

So does anyone know if any clubs are in huge debt? I'm guessing the 4 clubs propped up by the NRL are, any others?

The Brisbane Lions are 13 million in debt, is any NRL club that poor?

 

[franklin2323]

That would cost them some serious interest $'s for something they ended up signing a few months later! Good business that Gus.

Not when you see how much they rented that office space out for and the concessions they got in the new deal

 

[franklin2323]

Yes you're right I remember this, they wanted an advance on their grant for their new academy, again asking the nrl to contribute to grassroots in western Sydney, good on them for telling the nrl to shove it

Yes how dare we ask for a loan to build something for the better of the game. Hardly as going to ask them for money because we can't pay our bills.

NRL want us in the black. Quite simple they pay the $3m we do a year in junior reps/Development. They won't do it so can piss off

 

[RL The greatest game]

So does anyone know if any clubs are in huge debt? I'm guessing the 4 clubs propped up by the NRL are, any others?

The Brisbane Lions are 13 million in debt, is any NRL club that poor?

No, and lets not forget they the aFL had to give the thuns an extra $2 million this past season on top of the $10million they already them per season so that they can just keep treading water.
Happy days ahead for Rugby League.

 

[CowboyFuriousFury]

Clubs should be more financially responsible, wouldn't be surprised if some clubs run a big loss on purpose through excessive spending to be competitive just so they can run to the NRL and get handouts. There will never be 16 strong clubs due to the financial irresponsibility and mismanagement of decades old clubs who had tons of time to get it together.

Eternal wait for clubs to get it together while the game remains stagnant and standing still.

 

[franklin2323]

Clubs should be more financially responsible, wouldn't be surprised if some clubs run a big loss on purpose through excessive spending to be competitive just so they can run to the NRL and get handouts. There will never be 16 strong clubs due to the financial irresponsibility and mismanagement of decades old clubs who had tons of time to get it together.

Eternal wait for clubs to get it together while the game remains stagnant and standing still.

Tell me a sport where every team makes a profit?

 

[betcats]

NFL Maybe?? Id hazard a guess they would be the closest out of the major leagues around the world. I know there are NBA teams losing money.

 

[LESStar58]

Correct me if I'm wrong but I was under the impression that the recent AFL numbers also include gaming revenue?

http://www.theage.com.au/afl/afl-ne...sses-mount-for-afl-clubs-20160206-gmnb1h.html

Make of this what you will but yes.... AFL clubs reliant on revenue.

 

[betcats]

NRL want us in the black. Quite simple they pay the $3m we do a year in junior reps/Development. They won't do it so can piss off

Exactly, I would much rather our club keep investing in the junior leagues than have them making a profit. Like what is more important to RL? That the panthers turn a profit or that our junior leagues are well funded? Having both would be nice but the reality is given the nature of professional sports in general and specifically the Sydney RL market making a profit is difficult.

Pro sports teams aren't like other businesses whose main goal is to make money, being competitive and winning is usually the main goal, and in some cases for RL clubs spending on the juniors would also be more important than profit.

Again having 16 footy clubs turn a profit would be great but I think it is becoming overrated considering the role leagues clubs play.

 

[Galeforce]

:crazy:

Why would I give a proper response, you completely ignored the points I made and gave a one sentence reply about being defensive and lol@souffs.


I will ask again, Are the roosters poorly run? They finished with a deficit, when have they asked for more money? You make these claims based off a ridiculous article and are acting like Souths are just a well run club and not benefiting from their famous rich owner actively putting money in, recruiting star players and using some of the biggest stars in the world to market them for free.

1) How many paying members do they have ? Is it at the top of the range or closer to the bottom?
Souths 2015 , 35000 plus members

2) Are the Roosters home crowds near the top of Sydney clubs? No they are not.

3) Do the Roosters have the highest sponsorship $$ in the NRL ? No they do not

4) do the Roosters admin and run and extensive juniors program that chews up their funds?

5) Do the Roosters spend over their budget .......? must do , to be running at a loss.

6) Do the Roosters have a good team ......sure do , does that automatically mean they are well run? It does mean they spend their losses better than other clubs making losses.

Definitely the first 3 points suggests they are either poorly run or do not have the enough real support .