Peter V'landys - New NRL/ARLC Chairman

[The_Wookie]

They are debts you owed to some else

another usage is when I say you are a liability to this forum

In this case, the AFL now ONLY has lease liabilities that never used to be reported until the ATO changed the reporting requirements in 2018. Lease liabilities are literally the entire future costs of lease payments, not loans, and strictly not debt.

Subject to some exceptions for short term and low value leases, AASB 16 requires lessees to recognise all operating leases, including real estate leases, on balance sheet for all annual reporting periods beginning on or after 1 January 2019. This means that lessees will recognise a lease liability (reflecting the obligation to make future lease payments) and a lease asset (representing the right to use the underlying leased asset). Interest expense on the lease liability and depreciation on the right-of-use asset will be reported in the income statement as opposed to the operating lease expense that has been historically recognised. As a result, key financial metrics and financial ratios (e.g. gearing ratios) will also be impacted.

https://www.pwc.com.au/tax/taxtalk/assets/alerts/new-lease-accounting-standard-tax-matters-for-lessees-191218.pdf

 

[colly]

The AFL paid 270m in total for Marvel stadium. The stadium generated more than 70m a year in revenue (2018: 73m, 2019: 79m) before COVID (and in the first COVID affected year generated 30m) - these revenues have not been reported separately since 2020.

The Vic Gov Funding agreement is for 225m from 2018 - not 2 x 100m grants - last year they recieved 87m (13m in 2021). Since 2018, $191m has been paid, $115m spent. They will probably receive the rest this year.




AFL Revenue last year was 944m, take out the government grant for last year and they still took in 857m in revenue. NRL Revenue last year was $593m. The gap was 264m without the Vic Gov grant and will grow this year with the rights increase.



Most liabilities for the AFL are in the form of trade payables ($170m) and deferred income ($127m - mostly stadium grants) as well as 76m in Lease liabilities - All Interest bearing loans are paid off in the 2022 Annual Report (the AFL paid 90m off external borrowings in 2022) - which means the stadium loan and any COVID debt have now been repaid.



Well not really, the nature of the BOOT project (essentially rent to own) meant that higher rent was paid for 17 years as part of the deal before the league bought it for 200m (+70m for the operations company and its assets).



The league took out additional borrowings of 18m in 2020, and none in 2021. The league has no loans or borrowings as of the 2022 Annual Report.



The NRL reported equity of 201m (187 cash) in 2022. The AFL reported 314m (178m cash) in 2022.

While the book value of the stadium is down to 147m, the real difference is if the AFL sold the LAND the stadium is on alone it would fetch hundreds of millions of dollars. In 2016 it was estimated a sale of the stadium could fetch $900m-$1.3 billion.

Wookie--AFL Revenue last year was 944m, take out the government grant for last year and they still took in 857m in revenue.-------

Would it be correct that the AFL by the model used , incorporate as revenue ground ticket sales of all teams, while the NRL account for it's revenue, for crowd attendance to the actual teams? ( except for SOS and Finals series and Internationals.)

 

[The_Wookie]

Wookie--AFL Revenue last year was 944m, take out the government grant for last year and they still took in 857m in revenue.-------

Would it be correct that the AFL by the model used , incorporate as revenue ground ticket sales of all teams, while the NRL account for it's revenue, for crowd attendance to the actual teams? ( except for SOS and Finals series and Internationals.)

No. Gate reciepts are still given to the teams. The AFLs match income is from the Finals and attendance bonuses at the MCG. AFL members with club support would be counted.

 

[Wb1234]

 

[Babyface O'reilly]

Does Peter get his suits at Kelly Country?

 

[Wb1234]

Does Peter get his suits at Kelly Country?

Lowes

 

[Perth Red]

Haha Vlandys went dressed as a dodgy 80’s cabaret show compare!

 

[Wb1234]

 

[Captain Apollo]

Guess which Australian sport is planning a "Round 0" to start of next season playing games across Qld and NSW? Hint it isn't the ARU.

Our games going to the USA, the main competition staying in Australia. LOL.

 

[colly]

Vlandy- "we can grow not tens of millions but hundreds of millions of $$$$$.
s://www.smh.com.au/sport/nrl/nrl-eyes-streaming-deal-with-31-billion-us-wagering-giant-20231109-p5eisd.html
link

NRL eyes streaming deal with $31 billion US wagering giant

The next step in rugby league’s foray into the US market is a potential hook-up with one of America’s largest wagering firms.

www.smh.com.au

 

[Bukowski]

The guy knows how to make money.

 

[Wb1234]

Vlandy- "we can grow not tens of millions but hundreds of millions of $$$$$.
s://www.smh.com.au/sport/nrl/nrl-eyes-streaming-deal-with-31-billion-us-wagering-giant-20231109-p5eisd.html

Wow I just read the article

and idiots were saying this was a junket

 

[Dark Corner]

The guy knows how to make money.

Do you think he wants the NRL to be like the EPL and NFL ?

 

[Bukowski]

Do you think he wants the NRL to be like the EPL and NFL ?

I dunno , but I don't think he's putting limits on the game.

 

[Diesel]

Vlandy- "we can grow not tens of millions but hundreds of millions of $$$$$.
s://www.smh.com.au/sport/nrl/nrl-eyes-streaming-deal-with-31-billion-us-wagering-giant-20231109-p5eisd.html
link

NRL eyes streaming deal with $31 billion US wagering giant

The next step in rugby league’s foray into the US market is a potential hook-up with one of America’s largest wagering firms.

www.smh.com.au

PR is going to be blowing up like a 2nd hand lawnmower when he reads this

 

[Chimp]

PR is going to be blowing up like a 2nd hand lawnmower when he reads this

Nah, PR is an expert in the US gambling industry, so he’ll just tell us it’s PVL BS.

 

[Perth Red]

Hundreds of millions lol, let’s see if it lasts more than three years and makes anything.

if there’s hundreds of millions up for grabs why hasn’t he secured it for his employer?

 

[Wb1234]

Hundreds of millions lol, let’s see if it lasts more than three years and makes anything.

if there’s hundreds of millions up for grabs why hasn’t he secured it for his employer?

You should start to deathride a Perth nrl bid

given your track record it will ensure their entry into Australia’s number one sport

NRL eyes streaming deal with $31 billion US wagering giant

The next step in rugby league’s foray into the US market is a potential hook-up with one of America’s largest wagering firms.

www.smh.com.au

“the code has discussed the prospect of offering vision of live matches for sportsbooks in the US to run directly on its platforms.
Advertisement

It’s a model that has previously been used by Australian horse and greyhound racing regulators, who have countered more than a decade of segregated television rights by providing pictures to online bookmakers.”

 

[siv]

Do you think he wants the NRL to be like the EPL and NFL ?

NRL has been modelling itself on the NFL for almost 20 plus years, since SL war days

 

[mozza91]

Imagine PR’s reaction if the AFL were going to Vegas and Gil was talking up its potential reach?

The whinging bitch would take it as gospel and pleasure himself simultaneously.