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Parramatta Leagues Club board sacked, administrator appointed

Chipmunk

Coach
Messages
17,375
I'm quite dubious about the $10m loss idea.

Take 2016 for example, where 'football related costs' ($9mil ish), legal fees ($1.7m) and NRL fine (0.75m) and player terminations were said to impose a cost of $12m. But....buried in the revenues of the PLC is the NRL distribution of $8m, sponsors of $4m and gate of $3m. It isn't clear how this all gets netted off.

Well that sort of stuff doesn't suit the Proszenko agenda though does it.
 

84 Baby

Referee
Messages
29,746
I'm quite dubious about the $10m loss idea.

Take 2016 for example, where 'football related costs' ($9mil ish), legal fees ($1.7m) and NRL fine (0.75m) and player terminations were said to impose a cost of $12m. But....buried in the revenues of the PLC is the NRL distribution of $8m, sponsors of $4m and gate of $3m. It isn't clear how this all gets netted off.
Yeah they're just bandying about the loss term. It's a $10m expense and anyone with half a brain is going to view it as such
 

Gronk

Moderator
Staff member
Messages
77,704
I'm quite dubious about the $10m loss idea.

Take 2016 for example, where 'football related costs' ($9mil ish), legal fees ($1.7m) and NRL fine (0.75m) and player terminations were said to impose a cost of $12m. But....buried in the revenues of the PLC is the NRL distribution of $8m, sponsors of $4m and gate of $3m. It isn't clear how this all gets netted off.

One year the club wrote down asset values and the Newspapers were
freakout.gif
they made a $20m loss, they made a $20m loss ! Accountants were like FFS, but the truth was not click bait worthy.
 

emjaycee

Coach
Messages
13,826
I'm quite dubious about the $10m loss idea.

Take 2016 for example, where 'football related costs' ($9mil ish), legal fees ($1.7m) and NRL fine (0.75m) and player terminations were said to impose a cost of $12m. But....buried in the revenues of the PLC is the NRL distribution of $8m, sponsors of $4m and gate of $3m. It isn't clear how this all gets netted off.
Wouldn't surprise me if players wages were actually included in the $30m of Employee Benefits and not in the 'football related costs' line item.

In 2015 there was $10m for Junior Football, Match, Sponsorships and Other Football Related costs so a slightly better definition than 'football related costs' and a slight reduction in total spend (excluding legal fees and NRL fine).
 
Last edited:
Messages
19,393
Wouldn't surprise me if players wages were actually included in the $30m of Employee Benefits and not in the 'football related costs' line item.

In 2015 there was $10m for Junior Football, Match, Sponsorships and Other Football Related costs so a slightly better definition than 'football related costs' and a slight reduction in total spend (excluding legal fees and NRL fine).


That's right. I'm not ruling out the possibility that there is a net drain on PLC finances of $10million....just that it's bloody difficult to ascertain that information from the disclosure provided. And that means that any claims made in press releases are unverifiable.
 

emjaycee

Coach
Messages
13,826
That's right. I'm not ruling out the possibility that there is a net drain on PLC finances of $10million....just that it's bloody difficult to ascertain that information from the disclosure provided. And that means that any claims made in press releases are unverifiable.

$10m is accurate I reckon.
 
Messages
15,409
So I am just a little confused here.

Back when I knew people who knew a thing or two about the goings on, I was told we had a $12 - $15 Mi football operations budget, now I will admit that was 10 years ago and the Salary Cap was $3.25 M

Now the Salary cap is $7M, and the club receives a Grant from the NRL to if I am not mistaken 130% of the cap. Which means we get $9.1 M just from the NRL. I will allow for an increase to our spending for the rest of the staff onboard but I can't see the football budget being more than $20 - 22 M.

If that is the case did we only make $900,000 in other club revenue? Ticket sales and memberships and the like ? What was the combined revenue ?

Or am I under estimating the football budget, does anyone have concrete numbers on the football operatons budget ?

Also the deal with ANZ Stadium not being affected if we get another 10,000 more people. No shit been that way for a while, all tenants get $200,000 per game plus profit sharing if there is over 25,000 at the game.

If you normally get 13,000 and you get 23,000 and your expecting cash then I will tell you your piss poor at attracting a crowd. Max can have his opinion, not like he is going to hang around forever.
 

EelsFan05

Bench
Messages
2,961
So I am just a little confused here.

Back when I knew people who knew a thing or two about the goings on, I was told we had a $12 - $15 Mi football operations budget, now I will admit that was 10 years ago and the Salary Cap was $3.25 M

Now the Salary cap is $7M, and the club receives a Grant from the NRL to if I am not mistaken 130% of the cap. Which means we get $9.1 M just from the NRL. I will allow for an increase to our spending for the rest of the staff onboard but I can't see the football budget being more than $20 - 22 M.

If that is the case did we only make $900,000 in other club revenue? Ticket sales and memberships and the like ? What was the combined revenue ?

Or am I under estimating the football budget, does anyone have concrete numbers on the football operatons budget ?

Also the deal with ANZ Stadium not being affected if we get another 10,000 more people. No shit been that way for a while, all tenants get $200,000 per game plus profit sharing if there is over 25,000 at the game.

If you normally get 13,000 and you get 23,000 and your expecting cash then I will tell you your piss poor at attracting a crowd. Max can have his opinion, not like he is going to hang around forever.
I think the only thing you're overestimating is the credibility of this article MITS.
 

El Diablo

Post Whore
Messages
94,107
http://www.smh.com.au/rugby-league/...atta-salary-cap-breaches-20171203-gzxkqd.html

RLPA vows not to go soft on agents tied up in Parramatta salary cap breaches
RLPA chief executive Ian Prendergast rejects any suggestion his organisation will go soft on player managers involved in the Parramatta salary cap breaches, while expressing frustration over the lengthy process to reform the rules around player agent activities.

Under the new collective bargaining agreement, the Rugby League Accredited Player Agent Scheme is set to be reformed, with the RLPA assuming responsibility for the day-to-day management and administration of the scheme.

It is understood that the NRL's Integrity Unit will also investigate complaints and alleged breaches by agents under new rules that will be developed next year.

The NRL understands it will have two representatives on a new committee overseeing agents while the RLPA will also have two, alongside an independent chair.

However, Prendergast said this is not fait accompli.

"The role of agents has never been more important, particularly given the ever-increasing demands and scrutiny on professional athletes," Prendergast said. "The fiduciary role that agents have is a serious responsibility and it requires professional skills and standards.

"There are many very good agents who provide a high level of support for their clients in protecting and advancing their interests.

"Like other areas of the industry, however, there is room for significant improvement.

"We want to continue to elevate the status of this important space, not only for the benefit of the players and the game, but also for the benefit of those agents who are dedicated to their profession and to providing a quality service.

"For some time now, there have been formal and informal discussions about the need to review the scheme and who should oversee this area of the game.

"However, for a range of reasons that work has not been progressed, which has caused stakeholders to become increasingly frustrated in recent years."

Prendergast is adamant that following all of the talk, it is most important that the industry buys into the wholesale industry changes.

"The RLPA is committed to working through a process in 2018 with agents and the NRL to introduce a new accreditation scheme that ensures agents are engaged, respected and held accountable in line with the requirements of their important roles going forward.

"Agents will be closely consulted throughout the process including via the existing committee, through working groups, at agent workshops as well as through regular verbal and written communication.

"It is exciting that we can work together to develop best practice standards to enhance this important area."
 

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