no they don't but they do have various investment portfolios. Difference is all of that money is the sports clubs, not a leagues club. They also made $4million+ profit which the NRL Panthers (or any other NRL club) aren't close to. The stadium deal they have is also very good in terms of what they make out of that.
As said membership helps alot, you have to pay an $80 membership just to stay on the waiting list for a season membership in years and years time!
As I said, WCE would not have earnings from gaming as pokies are all but banned in WA. But if you can tell me that Collingwood , Hawthorn , North Melbourne, Richmond, St kilda etc do not include any money from gambling revenue in the reporting of their football club earnings you are having a lend of yourself.
Think about this, Canterbury Bulldogs LC could probably afford to grant the Canterbury Bulldogs FC, $10 M a year if they had to. This would take Canterbury FC profit to say $5M bucks a year for example, who do you think would pay more tax the LC or the FC ????
It would be nice to say Canterbury FC made $5M bucks this year, suck on that AFL teams, but it doesn't make financial sense.... Making your NRL team run at break even or a small loss is essentially a tax minimisation scheme in NSW, not a real indicator of the health of the game.