Yet you labelled the Titans unviable because much of their revenue is from the governing body, which you believe the Sydney clubs are entitled to receive.
I didn't make anything else motherf**ker. You continuously defend the existence of the Sydney clubs but said the Titans and Knights should have been axed:
You were exposed putting words into my mouth a month of two ago. When you were called out on it by multiple posters you doubled down and stuck to your claim. You'll never admit to being wrong about anything.
Yet you're against the Titans and Knights receiving a hand before
the annual grant was 130% of the salary cap.
The annual grant wasn't settled at 130% of the salary cap until December 2016 you turkey!
ARL head reaches 11th hour peace deal with disgruntled NRL clubs over funding dispute
The Titans financial struggles began in 2014 and led to the club going into administration in February 2015.
The Titans weren't any worse of than the Sydney clubs. The only difference is the Sydney clubs can fall back on gaming machine revenue.
The club posted a $4.9m loss for the 12 months to the end of the 2014 season.
● The NRL issued $2.35m in “emergency funding” between September and December last year and paid two monthly club grants in advance totalling $1.28 million in the same period.
● The club had $246,403 cash in bank accounts, of which only $68,092 was recovered by administrators due to eight finance leases for motor vehicles.
● Their greatest asset was “goodwill”, valued at $10.6 million.
● They owed the Australian Taxation Office $273,671.
The figures paint a bleak picture of how close the Titans were to folding before the NRL intervened on February 24.
An inability to sign replacement and new sponsors for this year after the end of contracts with iSelect and Coral Homes severely dented cash flow.
High Cbus Super Stadium hiring costs of about $2 million a year also contributed, along with a decline in membership and corporate hospitality.
The club’s operating costs out of its former Robina headquarters, believed to be $600,000 a year, were also listed as a financial burden.
In fact, the Sharks ran up a similar debt to the Titans after the annual grant was raised to 130% of the salary cap!
The Sharks could have been relocated or forced out of the NRL altogether had Peter V’landys not stepped in to ensure the survival of the Cronulla club.
NRL powerbrokers were concerned about the long-term viability of the Sharks in 2018, just two years after they broke through for their maiden premiership. During the week, the Herald revealed that then-NRL chief executive Todd Greenberg and former chief financial officer Tony Crawford met with Cronulla chairman Dino Mezzatesta and then-CEO Barry Russell in December of that year to ask why the club should remain in the competition.
So strong was the desire among some in the NRL executive to relocate or remove Cronulla from the premiership that the matter was taken to the ARL Commission. Sources with knowledge of the situation said Greenberg and Crawford were leading the push to shift the Sharks just a year after the franchise had celebrated its 50th season in the top flight.
At the time, V’landys had not yet ascended to the chairmanship and had only been a commissioner for a relatively short period. However, the Racing NSW boss felt there was no justification for the move and fought hard to ensure the Sharks remained a part of the NRL in their current guise.
While there were concerns about Cronulla’s financial position at the time, V’landys pointed to the fact it was not dissimilar to that of other clubs, that there were compelling reasons why off-field fortunes could improve and that the Shire outfit had a large and loyal following that should not be lost to rugby league.
Ultimately, his advocacy was key in convincing the other commissioners to retain the Sharks, who are now back in the black financially after turning around a $5.5 million loss.
It was with Cronulla in 2018!
See the link I posted above.
I think all clubs should earn the bulk of their revenue from football operations. I'd like to see the Queensland clubs remove going machines from their Leagues Clubs, but let's not pretend it's a like for like comparison. The Broncos and Cowboys earn more from football operations than gaming machine revenue. For the Sydney clubs it's the other way around.
Sponsorship and Corporate Hospitality Club 2021 2020 2019 2018 Broncos $12,757,777 $10,310,407 $15,326,071 $14,572,909 Cowboys $8,986,580 $6,451,208 $9,382,117 $9,000,000? Rabbitohs $8,900,000 $6,000,000 $8,900,000 $7,900,000 Roosters $8,197,752...