From the Daily Telegraph
$10m turnover
By DEAN RITCHIE
October 8, 2003
THE Panthers will register a gross turnover this season of $10 million – up $1.7 million from last year, Penrith chief executive Shane Richardson revealed last night.
The $10 million figure comes on the back of Penrith's historic season where the club secured an NRL premiership and minor premiership.
Penrith's financial bonus came through:
Gate takings ($2.5 million).
NRL grant ($2.5 million).
Corporate sponsorship ($2.5 million).
Concession at grounds such as beer and food ($1 million).
Merchandising ($1.5 million).
But the Panthers will still post a $1 million loss.
Only three NRL clubs – Brisbane, New Zealand and Newcastle – made a profit last year without grants or loans.
"We've had a very successful season," Richardson said last night. "And things will only get better next year.
"We had 900 season ticket holders at the start of this season yet averaged crowds of more than 18,000.
"We're hoping we can get that figure up 3000 to 4000 next year. It will be the hottest ticket around.
"But it's only the beginning. We want to be in a position where we make a profit."
Penrith aim to make a profit next season through marketing their high-profile stars, including Craig Gower, Ryan Girdler, Luke Priddis, Luke Lewis, Trent Waterhouse and Joel Clinton.
Richardson also called for all NRL clubs to receive additional television revenue.
"The bottom line is we [rugby league] are the No. 1 TV sport," he said. "Yet we can't make a profit despite winning the premiership.
"We have improved $3 million since we [Richardson and coach John Lang's team) arrived in 2002.
"Rugby league is great TV sport and I think clubs need at least another $1 million revenue annually from TV.
"We need that extra money to come out square each year and make the game pay for itself."
NRL chief executive David Gallop revealed why Penrith excelled financially this season.
"Penrith got the team out into the community," Gallop said.
"And then the community was ready to get behind the team. The community feels like they have ownership of the team.
"It's a great blueprint for the game and an excellent example of how to run a sporting franchise.
"They broke three crowd ground records this season and I can't imagine what their merchandising sales were."
CANBERRA backrower Sean Rutgerson has signed a two-year deal with English club Salford.
http://dailytelegraph.news.com.au/story.jsp?sectionid=1264&storyid=305391
Penrith have increased their turnover by $1.7m and yet post a loss of $1.0m
What gives?
Can anyone please explain to me where the money has gone?
What depts do the have to pay off etc?
I find this worrying.
How much more up the cart would they have been had their season been like 2002!
$10m turnover
By DEAN RITCHIE
October 8, 2003
THE Panthers will register a gross turnover this season of $10 million – up $1.7 million from last year, Penrith chief executive Shane Richardson revealed last night.
The $10 million figure comes on the back of Penrith's historic season where the club secured an NRL premiership and minor premiership.
Penrith's financial bonus came through:
Gate takings ($2.5 million).
NRL grant ($2.5 million).
Corporate sponsorship ($2.5 million).
Concession at grounds such as beer and food ($1 million).
Merchandising ($1.5 million).
But the Panthers will still post a $1 million loss.
Only three NRL clubs – Brisbane, New Zealand and Newcastle – made a profit last year without grants or loans.
"We've had a very successful season," Richardson said last night. "And things will only get better next year.
"We had 900 season ticket holders at the start of this season yet averaged crowds of more than 18,000.
"We're hoping we can get that figure up 3000 to 4000 next year. It will be the hottest ticket around.
"But it's only the beginning. We want to be in a position where we make a profit."
Penrith aim to make a profit next season through marketing their high-profile stars, including Craig Gower, Ryan Girdler, Luke Priddis, Luke Lewis, Trent Waterhouse and Joel Clinton.
Richardson also called for all NRL clubs to receive additional television revenue.
"The bottom line is we [rugby league] are the No. 1 TV sport," he said. "Yet we can't make a profit despite winning the premiership.
"We have improved $3 million since we [Richardson and coach John Lang's team) arrived in 2002.
"Rugby league is great TV sport and I think clubs need at least another $1 million revenue annually from TV.
"We need that extra money to come out square each year and make the game pay for itself."
NRL chief executive David Gallop revealed why Penrith excelled financially this season.
"Penrith got the team out into the community," Gallop said.
"And then the community was ready to get behind the team. The community feels like they have ownership of the team.
"It's a great blueprint for the game and an excellent example of how to run a sporting franchise.
"They broke three crowd ground records this season and I can't imagine what their merchandising sales were."
CANBERRA backrower Sean Rutgerson has signed a two-year deal with English club Salford.
http://dailytelegraph.news.com.au/story.jsp?sectionid=1264&storyid=305391
Penrith have increased their turnover by $1.7m and yet post a loss of $1.0m
What gives?
Can anyone please explain to me where the money has gone?
What depts do the have to pay off etc?
I find this worrying.
How much more up the cart would they have been had their season been like 2002!
