Peter V'landys - New NRL/ARLC Chairman

[Maximus]

And the profit was achieved with the following expenses afl didn’t have

1. Clubs provided with record funding during and post covid whilst afl clubs are on reduced allocations

2. Players given bonus payments as profit targets exceeded and another bonus payment of approx 40 million to cover reductions during covid. Afl players will receive none of their lost income

3. Beginning to invest in property assets whilst the afl borrows against the one they were given to cover the losses from covid

4. In the past financial year 30 million covid expenses to relocate to Brisbane which afl didn’t have

Most of this is irrelevant since as far as I can see we don't know what the 2022 result is.

Number 3 doesn't go on a P&L, so no he didn't achieve a profit despite that.

And for number 4, are you suggesting the AFL didn't relocate all their teams to Melbourne for half a season in 2021 like the NRL did with Brisbane?

 

[Get Rid of The Donkeys]

I like your last paragraph. The NRL should be on the phone or in Perth personally to broker the deal with WA govt.

Thr WA Gov wants a team, so now is the time to negotiate with them for a good stadium deal and CoE that will set the team up for life.

 

[Perth Red]

you are getting closer to being able to answer @bad boy bubby 's question on if Foxtel are getting ripped off. Wifi isn't from Foxtel so was a balant lie from yourself but it comes with the Territory

As for the $550m cash here says different

What you need to know as CHANNEL 7, FOXTEL and KAYO move to lock in new AFL broadcast deal

Under the terms of the new deal which is now expected to be finalised this week, Channel 7 and the Foxtel Group are set to extend their existing arrangements with the AFL in a move that significantly ensures the long-term success of both broadcasters

tvblackbox.com.au

approximately $550 million in cash and contra per year under the new arrangement

Come on you’ve been following this long enough! Afl themselves have stated the cash component is and I quote from the horses mouth “AFL chief executive Gillon McLachlan said the deal was “cash north of 4 (billion) and the rest contra” at a press conference on Tuesday”


well foxtel made the offer. Have they paid overs? yes of course but that’s what competition does. something we wouldn’t know about because our moron just gifted it to fox to keep them happy and to ensure they had enough money to pay overs for afl!

from 2025 it’s something like this for fox cash and contra
nrl $240mill
afl $390mill

good bloke that pistol Pete, did his mates a solid one. Wouldnt want them catching a cold!

 

[Perth Red]

Thr WA Gov wants a team, so now is the time to negotiate with them for a good stadium deal and CoE that will set the team up for life.

2 years of $5bill budget surpluses for WA, now’s the time to hit them up before the next predicted gfc hits.

mind you pistol Pete can’t negotiate a deal with his own state govt so not holding out much hope for WA negotiations lol

 

[Iamback]

$570m and $42.8m is 2021 FY. Unless the 600m is 2022, there are no 2022 figures quoted.

https://www.nrl.com/siteassets/about/annual-reports/2021-nrl-annual-report.pdf

Bragging about making the biggest profit ever in 12 months is not relevant to what the players are making. They care about the top line figure, and like I said, if they don't know that already it's a problem.

Going to the media and saying, we are going to make a profit of $50m in a financial year that hasn't even started is dumb. Bragging about how it will be a record is even dumber. You guys using a made up number to claim he is the messiah is even dumber still.

Where did I say he was a messiah? The game made a profit in 2018 BEFORE he was in. Having an ex partner of KPMG on the commission is a huge help to the financial performance

The thread is about the new Chairman and his performance - Revenue, Expansion, Profit etc are all part of that evaluation

 

[Iamback]

Looking at the profit figure itself is somewhat misleading.

Need to go the cash flow statement and review the reconciliation to profit.

The NRL financial statements for 2021 don't include the complete note.

Profit is easily manipulated so the cash flow statement is essential to determine real performance.

For 2020 and 2021 the NRL had a net decrease in cash of $4m (34m down in 2020 and 30m up in for 2021)

The AFL has $108m increase (being 39m in 2020 and 69m in 2021). They reported a loss for 2020 and 2021. They likely played a bunch of third parties to get concessions by telling them how big a loss they had while raking in the cash.

Re the net decrease in Cash, That would be mostly in part due to Origin crowd restrictions

 

[The_Wookie]

3. Beginning to invest in property assets whilst the afl borrows against the one they were given to cover the losses from covid

The AFL already has assets.

Any borrowings have been paid off. And the line of credit was closed last year.

"In 2020, the AFL secured $660 million in additional borrowing facilities with NAB and ANZ to support industry liquidity; due to continued cost management and the above measures in place, these facilities were no longer required and were closed in 2021"

4. In the past financial year 30 million covid expenses to relocate to Brisbane which afl didn’t have

well except for the 29.5m the AFL spent on COVID expenses for AFL and AFLW,

 

[Perth Red]

Most of this is irrelevant since as far as I can see we don't know what the 2022 result is.

Number 3 doesn't go on a P&L, so no he didn't achieve a profit despite that.

And for number 4, are you suggesting the AFL didn't relocate all their teams to Melbourne for half a season in 2021 like the NRL did with Brisbane?

He’s all BS lol
1. yes they reduced club and player funding but it was still over $80mill more than nrl handed out ($360mill v $278mill)
2. Afl upped their payment to their Players Association by $41mill last year which goes to players. Their salary cap will rise significantly on back of the massive new tv deal
3. Untrue, they didn’t use any loans during covid and tapped into their cash reserves to cover losses
4. untrue, they spent $29mill on covid relocation measures and $44mill all up covering relocation and club covid impact costs

the guy lives in a fantasy world!

 

[The_Wookie]

The NRL financial statements for 2021 don't include the complete note.

Are you looking at the official report or the concise one from ASIC?

http://footyindustry.com/docs/NRL%202021%20Concise%20Annual%20Report.pdf

 

[Munky]

Re the net decrease in Cash, That would be mostly in part due to Origin crowd restrictions

108m to 4m over two years though.

Although the AFL did have a $50m increase in deferred income over the two years.

 

[Iamback]

He’s all BS lol
1. yes they reduced club and player funding but it was still over $80mill more than nrl handed out ($360mill v $278mill)
2. Afl upped their payment to their Players Association by $41mill last year which goes to players. Their salary cap will rise significantly on back of the massive new tv deal
3. Untrue, they didn’t use any loans during covid and tapped into their cash reserves to cover losses
4. untrue, they spent $29mill on covid relocation measures and $44mill all up covering relocation and club covid impact costs

the guy lives in a fantasy world!

You do realise the ave AFL wage is $334k
NRL wage will be $383k next year?

 

[Canard]

4. In the past financial year 30 million covid expenses to relocate to Brisbane which afl didn’t have

Melbourne was in lockdown for most of 2020 and 2021, of course they had expenses regarding re-location and housing players etc.

 

[Iamback]

108m to 4m over two years though.

Although the AFL did have a $50m increase in deferred income over the two years.

2020 had Origin out of the reporting period, Then crowds capped
2021 Origin in Townsville, Suncorp and GC wouldn't of made money like it would of, Then you throw in Finals in Mackay etc.

So this year on figures wise seems to be matching the 2018 levels, Tony McGrath being on the ARLC would of been a huge asset in this period. Hopefully he stays for many years

 

[Canard]

3. Beginning to invest in property assets whilst the afl borrows against the one they were given to cover the losses from covid

Surely this is the reason to invest in non-core assets, so you can generate some revenue and have some equity when you need it.

 

[Perth Red]

You do realise the ave AFL wage is $334k
NRL wage will be $383k next year?

And? He was talking total each governing body is paying out. Avg wage has nothing to do with his bs statement. And then there’s the PA $60mill a year beyond salaries that is there for the players in some way.
but it is good to see nrl wages going up, sure some of them are stealing a wage based on performance but they are putting their long term health on the line for our entertainment and deserve whatever they can get,

 

[Perth Red]

Surely this is the reason to invest in non-core assets, so you can generate some revenue and have some equity when you need it.

That depends, in many ways a cash reserve is more valuable, theres a long history of companies falling foul of diversifying away from core business. But sure if you can find a sure safe bet to bring in a good return then it’s a good way of reducing risk.

 

[Wb1234]

Most of this is irrelevant since as far as I can see we don't know what the 2022 result is.

Number 3 doesn't go on a P&L, so no he didn't achieve a profit despite that.

And for number 4, are you suggesting the AFL didn't relocate all their teams to Melbourne for half a season in 2021 like the NRL did with Brisbane?

Not for two seasons no

The AFL already has assets.

Any borrowings have been paid off. And the line of credit was closed last year.

"In 2020, the AFL secured $660 million in additional borrowing facilities with NAB and ANZ to support industry liquidity; due to continued cost management and the above measures in place, these facilities were no longer required and were closed in 2021"



well except for the 29.5m the AFL spent on COVID expenses for AFL and AFLW,

yeh when will funding to clubs and players return back to normal ?

when will players receive back the money they lost during covid

cause you know that’s happening in rugby league

 

[Wb1234]

Surely this is the reason to invest in non-core assets, so you can generate some revenue and have some equity when you need it.

Hey if afl want to use their offset facility on their assets to cover spending they are welcome to it

cutting spending to appropriate levels during a pandemic might’ve been a smarter choice

I mean abdo is on like 500k pa whilst the afl executives get around 3 million pa

 

[Canard]

Not for two seasons no

The AFL definitely did have to relocate teams outside their home state in 2020 and 2021, for obvious reasons the AFL was far more disrupted than the NRL was from Covid.

 

[Canard]

That depends, in many ways a cash reserve is more valuable, theres a long history of companies falling foul of diversifying away from core business. But sure if you can find a sure safe bet to bring in a good return then it’s a good way of reducing risk.

Don't get me wrong I think the NRL buying pokie dens (like the Caxton Street pub) is a shit idea.