TruSaint
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The NRL's parlous financial state in the wake of the COVID-19 crisis could be about to get a whole lot worse with sources close to the game's broadcast negotiations saying Fox Sports does not intend to make its quarterly payment next month.
Just hours after the Herald reported Channel Nine, the publisher of this masthead, would not meet its financial obligations to the NRL as a result of the suspension of the competition, the NRL is now forging ahead with plans without the support of Fox Sports.
The broadcasters, both Fox and Nine, pay the NRL close to a combined $400 million a year for the rights to the NRL season, finals series and State of Origin series.
The next quarterly instalment, which is paid in advance of matches played, is due next Wednesday and without the financial support from the broadcasters, the NRL faces massive financial trouble if it is not able to play another game this season.
The sources said the game's key stakeholders had been told Fox Sports would not help prop up the game next week, despite NRL powerbrokers privately holding onto the view that the pay-TV giants would offer help.
Like Nine, Fox Sports is understood to want to renegotiate its existing deal, although there is reluctance from head office to do so.
The NRL has $104m in the bank, $60m of which has been guaranteed to the clubs over the next three months. The players have been told if the competition doesn't return in 2020, there is about $12.4m assigned to them.
The RLPA is yet to agree to a proposal, although players are facing the strong possibility of having to accept an 87 per cent pay cut.
The NRL was meant to send clubs a proposal on Thursday night that outlined four contingency plans revolving around a June, July, August and September start to the season.
That, and a crisis meeting with all 16 clubs that was originally scheduled for today, has been postponed.
It's understood that plans for a June and July season recommencement have all but been scratched, with September now looking like the earliest date the NRL could return.
https://www.smh.com.au/sport/nrl/fo...l-the-pin-on-nrl-payment-20200327-p54emn.html
https://www.smh.com.au/sport/nrl/we...-t-make-its-next-payment-20200326-p54ecv.html
Just hours after the Herald reported Channel Nine, the publisher of this masthead, would not meet its financial obligations to the NRL as a result of the suspension of the competition, the NRL is now forging ahead with plans without the support of Fox Sports.
The broadcasters, both Fox and Nine, pay the NRL close to a combined $400 million a year for the rights to the NRL season, finals series and State of Origin series.
The next quarterly instalment, which is paid in advance of matches played, is due next Wednesday and without the financial support from the broadcasters, the NRL faces massive financial trouble if it is not able to play another game this season.
The sources said the game's key stakeholders had been told Fox Sports would not help prop up the game next week, despite NRL powerbrokers privately holding onto the view that the pay-TV giants would offer help.
Like Nine, Fox Sports is understood to want to renegotiate its existing deal, although there is reluctance from head office to do so.
The NRL has $104m in the bank, $60m of which has been guaranteed to the clubs over the next three months. The players have been told if the competition doesn't return in 2020, there is about $12.4m assigned to them.
The RLPA is yet to agree to a proposal, although players are facing the strong possibility of having to accept an 87 per cent pay cut.
The NRL was meant to send clubs a proposal on Thursday night that outlined four contingency plans revolving around a June, July, August and September start to the season.
That, and a crisis meeting with all 16 clubs that was originally scheduled for today, has been postponed.
It's understood that plans for a June and July season recommencement have all but been scratched, with September now looking like the earliest date the NRL could return.
https://www.smh.com.au/sport/nrl/fo...l-the-pin-on-nrl-payment-20200327-p54emn.html
https://www.smh.com.au/sport/nrl/we...-t-make-its-next-payment-20200326-p54ecv.html