NRL posts $46m profit for 2018

[Cheesie-the-Pirate]

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.

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

$46m profit is for the ARLC only. The consolidated entity had a $56m better result but that's a bit messy to explain because of consolidation adjustments (basically in additional to changes in operations, the 2017 consolidated accounts include the Titans and Knights but 2018 does not) but if we look at it from a purely ARLC perspective then the key additional expenses are:

$65m extra to clubs, $9m in 'events, games sponsorship' (which seems to be the cost of running NRL events like Origin and NRL finals), $5m to states/affiliates, $2m to development, $10m in notional finance payments* and $4m of other bits and bobs - about $96m compared to $143m extra revenue.

*Looks like NRL got some of their broadcast revenue significantly in advance - accounting standards require them to recognise a notional interest expense.

 

[madunit]

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

View attachment 27568

Gee Insurance costs have spiked hard.

 

[Cheesie-the-Pirate]

Gee Insurance costs have spiked hard.

It's mostly notional finance costs.

See p147 of the annual report.

 

[Dragon Slayer]

Haha....

How about they use some of that money to promote the game before the season starts.

Only promos I’ve seen have been fox sports own promos and channel 9 own promos.

 

[Knight76]

Haha....

How about they use some of that money to promote the game before the season starts.

Only promos I’ve seen have been fox sports own promos and channel 9 own promos.

They are probably keeping it aside for upcoming legal fees.

 

[Zadar]

and who said the billboards in America wouldn’t have an effect....

 

[taipan]

Here's the overall spend:

View attachment 27532

Stop it.You're providing printed actuals ,we feed on hypotheticals ,guesstimates,here.

 

[taipan]

and who said the billboards in America wouldn’t have an effect....

Get your kicks on Route 66.

 

[taipan]

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

What more does he want in his income.Player's salary,administration consulting fees and refereeing salary?Surely that's enough?

 

[taipan]

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

Just like the AFL does with their profits.'Oh wait.

 

[Rhino_NQ]

What more does he want in his income.Player's salary,administration consulting fees and refereeing salary?Surely that's enough?

His own stadium

 

[Captain Apollo]

Gee Insurance costs have spiked hard.

Iirc, the NRL and the clubs changed their insurance policies after the Alex McKinnon injury to provide for better income protection to long term injured players, or where players are forced to retire due to injury.

 

[Timmah]

Stop it.You're providing printed actuals ,we feed on hypotheticals ,guesstimates,here.

Don't forget the generalisations like "sPeNd MoNeY pRoMoTiNg"

 

[Frailty]

Thanks for posting the actuals Timmah.

Pretty confident with the ARLC at the moment (at least until I see the referees are still awful).
Game is in a strong position.

 

[madunit]

Iirc, the NRL and the clubs changed their insurance policies after the Alex McKinnon injury to provide for better income protection to long term injured players, or where players are forced to retire due to injury.

If that were the case, I thought it may have happened in the financial year following the incident (ie, the 2014/15 fin year)

4 years later seems a bit weird.

(Not saying you are wrong at all mate)

 

[Vee]

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!

Why? Because they're #partnersinthegame?

 

[taipan]

His own stadium

Surely a runabout ,comes before a stadium

 

[TheFrog]

Just like the AFL does with their profits.'Oh wait.

Docklands? VFL Park before that?

 

[taipan]

Docklands? VFL Park before that?

So they paid for those, well I'll be.And the State Govt had no part in Docklands?
They paid for Spotless/Adelaide/Perth/SCG,Gabba.They never have to rely on Govt grants.Yeah!!!
How about small contributions. How about $2m pa to have GWS in the ACT.Nothing to see here.

 

[Hank_Scorpio]

So they paid for those, well I'll be.And the State Govt had no part in Docklands?
They paid for Spotless/Adelaide/Perth/SCG,Gabba.They never have to rely on Govt grants.Yeah!!!
How about small contributions. How about $2m pa to have GWS in the ACT.Nothing to see here.

The government no doubt provided assistance for AFL stadiums but the AFL was also able to find the $200m needed to purchase the stadium before the scheduled buy out in 2025. The NRL could do worse than starting to build a warchest to have greater economic clout in dictating infrastructure and operations for the game, on top of improved government relationships.