Perth Red
Post Whore
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Yes I know that, but we can only go on last year when clubs got $15.5-16mill grant and the cap was $10mill. The nrl claims they were all profitable on that (but which clubs were only profitable on that due to additional external funding from pokies etc we don’t know) Grants are going up to $17mill but cap is going up to $12mill. It’s too early to say what that looks like for club profitability,the new funding model is even better than the old (5 million funding over cap vs 3 million)
heck even you could run an nrl clubs at a profit
there was an article a while back about how club owners were really happy with the new funding model as it increased club values
manly got offered 18 million
cannon brooks bought a share at south’s valuing it at 80 million
this will only go up over time and is just the license value not any assets they own
Ah tba is only for the crap crowds ok