NRL posts $46m profit for 2018

[Timmah]

Positive result and I am a long term defender of NRL, but you had want to be making profit in Year 1 of the new TV deal...

Why this deal and not others? Each one has been bigger than the previous...

 

[taipan]

Sounds like enough money to support a 17th team imo

Hellooooo Brisbane 2.

 

[Frailty]

Can someone tell me how much of the revenue they invested back into the lower levels of the game or development?

 

[BuffaloRules]

Why this deal and not others? Each one has been bigger than the previous...

I'm talking about Year 1 of the deal as opposed to the other years ahead...

The TV revenue stays the same throughout the 5 years but the NRL Salary cap increases..

I recall the same thing happening Year One the last deal.

 

[Timmah]

Can someone tell me how much of the revenue they invested back into the lower levels of the game or development?

Come on Frail, the Annual Report link was posted, can't look it up yourself?

From the concise financials in the Annual report link in Post #5

 

[Last Week]

Be interesting to see what they do with this profit.

Investing in some assets would be my preference, but what would I know.

 

[Frailty]

Come on Frail, the Annual Report link was posted, can't look it up yourself?

From the concise financials in the Annual report link in Post #5

View attachment 27530

I plan to have a look in detail later (bit hard squeezing in reading at breaks at work).
The concise mentions increases, but not the overall spend. I will look later.

Be interesting to see what they do with this profit.

Investing in some assets would be my preference, but what would I know.

Any spending should come from the revenue (i.e. reinvestment prior to profit). The should keep a safe kitty of liquid assets.

 

[Hank_Scorpio]

Be interesting to see what they do with this profit.

Investing in some assets would be my preference, but what would I know.

You'd think they need to sow some good uses for this profit, be it assets or investment in growth/development etc or I'd say the clubs and players will be putting their hands out for more!

 

[Timmah]

I plan to have a look in detail later (bit hard squeezing in reading at breaks at work).
The concise mentions increases, but not the overall spend. I will look later.

Here's the overall spend:

 

[applesauce]

Honestly im a little surprised it's only $46M

Simple maths suggest spending has outpaced saving. Improvement in turnover between 2017-18 is $122.9 million but we only saved $46 million.

I know the cap and some other funding went up and even accounting for previous debts, to spend an ADDITIONAL $70million dollars in one year is a lot for an already established competition.

 

[gUt]

 

[Walter sobchak]

Reinvestment of a large % of the profit and all future profits would yield even bigger results both on the pitch and off it.

Fund a pre-season Pacific cup to be held in either PNG or Fiji featuring NRL teams and local sides.

Fund development programs in expansion areas like Perth, Adelaide, Christchurch and wellington etc.

Fund a 2nd PNG Queensland cup franchise with youth teams. Same with Fiji.

 

[BlueandGold]

Simple maths suggest spending has outpaced saving. Improvement in turnover between 2017-18 is $122.9 million but we only saved $46 million.

I know the cap and some other funding went up and even accounting for previous debts, to spend an ADDITIONAL $70million dollars in one year is a lot for an already established competition.

So you expect the NRL to stand still and not spend it while we got the AFL spending millions in NSW and QLD?

Cap in 2017 9.75mm x 16clubs = 156m

Cap in 2018 13.8m (includes 30% payments to clubs) x 16 = 222m

Most of the increase in expenditure is for players and clubs distributions.

 

[King hit]

So you expect the NRL to stand still and not spend it while we got the AFL spending millions in NSW and QLD?

Isn’t getting them anywhere

 

[BlueandGold]

Isn’t getting them anywhere

Want to see what a code struggling looks like, head over to Green and Gold.

 

[TheFrog]

If they made that every year they could build their own stadium.

 

[Captain Apollo]

Another bit from the annual report (specifically page 159)detailing income in particular -

 

[Whip Whitaker]

Cameron $mith deserves a bigger share of the revenue........

 

[siv]

So how much of tje promised $100 mil got to grassroots ?

Did we use the Facilities fund anywhere ?

 

[firechild]

Sounds like enough money to support a 17th team imo

Not much point having a 17th team without an 18th team. Same number of games (read advertising space) but increased costs.