Cronulla keep all of the profits or is it split between the sharks and NRL??
Cronulla keep all of the profits or is it split between the sharks and NRL??
The profits (small though they may be )in the Shark's Leagues club case, are used firstly for maintain the facility and some ,if it is available to assist the NRL team, and some(though not much) for the benefit of grassroots rugby league in their area.And some to charities also and hospitals along the way.
Quite frankly the profits are just not like they used to be ,due to Govt taxes on poker machines, other forms of entertainment on offer.And in fact the local pubs around the corner now have poker machines, that also eats into income , Leagues clubs in the past received.
Thus NRL clubs like the Manlys,Sharks receive a lot less than other wealthier Leagues clubs with an NRL team, such as Parramatta, Easts,Canterbury,Parramatta,and Penrith.
The NRL to answer you other part ,receives none of the Leagues club profits.Except to repay maybe prior Loans on behalf of the football club.The football club in the NRL benefits with grants from their licensed club..
One of the reasons for the Sharks $500m plus (now well over that mark)developments:
1) To ensure long term life for the Leagues club and the football team.
2) In doing so ,enable a complete refurbishment of the licensed Leagues club, to bring it up to modern day standards ,and thus encourage a big increase in patronage, and as a result profits.
3) Long term to be able to upgrade the Shark's football ground ,with facilities to mirror modern day sport.
4) The development(residential) itself will involve 2,000 plus people living within shouting distance of the club and the retail development, which will incorporate the refurbished licensed club, will no doubt be used by these locals.
In addition the retail rental will provide the licensed club with a decent cash flow, expected to be $1m pa.
It is essential that NRL football clubs long term, must become or learn to become self sufficient, in addition to the normal NRL grants.Become privately owned if need be, have a big membership base, and attendances likewise,and of course facilities that entice people to attend.
Relying almost completely on licensed clubs is becoming a thing of the past.