Yeah all AFL clubs voted to underwrite them hard when they came in for the next 20-30yrs hoping that long term it pays off. It won't and is taking money away from other areas they could have been building it.
While the NRL has gone through struggle street, and understands where money needs to be spent, and is now in attack mode building off it's way cheaper base for running a team and it is only underwriting the Bears for a few years until they are ready to be offloaded to the highest bidder. PNG is the wildcard in 10yrs time when it's decided if the Aus govt will continue to underwrite them. That said, by that time, I think all the non-PNG players will be based in Cairns to live and train as they struggle even with tax free dollars, to attract the sorts of players they need to complement the guys that have, and the corruption that will probably happen that is commonplace in a place like PNG. PNG is a big noose for the NRL and probably not a risk I would have taken when places like Ipswich and NZ2 exist that are pretty much risk free.