Here is the Financial review article mentioned above by Tri colours.
Please note Perth red the figures which says NRL got 1.9 billion cash over 5 years Plus add 92 to 100 million from Sky NZ so updated years figures for 2018 - 2022 = $400 million dollars yearly. As pointed before no contra with the NRL while AFL had 200ml in contra. So we NRL are number one 1 cash/media in Australia. Or biggest media deal in Australian sport is NRL NRL NRL NRL NRL and anybody that says otherwise is a Gafl.
The National Rugby League has ditched its $54.6 million future fund to help alleviate short-term cashflow issues and pay for a big investment in a new digital media business, the sport's 2016 accounts reveal.
Rugby league's "Sustainability Fund",
established by the independent Australian Rugby League Commission ruling body in 2014, has been liquidated.
The fund was to have been overseen by a committee headed by ARLC member and prominent businessman Graeme Samuel and CSR chairman Jeremy Sutcliffe.
However, both will step down from the commission later this month and the fund is now part of the NRL's cash reserves.
The league had targeted the fund to reach at least $80 million by the end of 2017. Its conservative investment philosophy for the money included having about 70 per cent invested in fixed-interest or cash, another 20 per cent in Australian equities and 10 per cent in international stocks. The benchmark expected to be achieved was annual CPI plus 3 per cent, with its managers Evans & Partners and JANA achieving a 5.4 per cent return in 2015.
NRL chief executive Todd Greenberg told
The Australian Financial Review the money was needed to help establish a digital media business that will cost $20 million annually for five years from 2018 and help get the league through 2017.
"It is partly the digital spend and partly for our cashflow, for distribution to our clubs and for us."
The NRL is also receiving $50 million upfront from broadcaster Nine Entertainment Co in 2017, brought forward from the next rights deal and has negotiated
an expensive funding deal with clubs that will see the 16 sides paid up to 130 per cent of the player salary cap from next year onwards.
Mr Greenberg said rugby league would look to build up its reserves during the pending broadcast rights cycle from 2018 onwards, in which the league will receive a record $1.9 billion from Nine Entertainment Co, Fox Sports and Telstra.
But the NRL will build its own digital media business under chief digital officer Rebekah Horne, formerly of Network Ten, rather than having its websites and apps run by Telstra as is currently the case.
"We think it is a better way for us to engage with our fans...and we need to be ready with new apps and the like by January 1, 2018," Mr Greenberg said.
The NRL revealed in 2016 that it made a small loss of $2.6 million for the year to October 31, 2016 from revenue of $350.5 million, compared to a $8.1 million loss from $334 million revenue in 2015.
Much of the revenue increase was from commercial income, including a big new sponsorship deal with Sportsbet.
The clubs and state bodies under the ARLC's control, including the Newcastle Knights and Gold Coast Titans, made a combined loss of $4.3 million for the year.
Read more:
http://www.afr.com/business/sport/n...stment-managers-20170213-gubk4w#ixzz4cPSAvN1y
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