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So the thoroughbreds tried in 2007, and now are trying to offload their own shares ( without success).
Right.
Meanwhile, rugby league's Independent Commission will meet representatives from all 16 NRL clubs in Sydney today.
Seven of the eight commissioners will be present to talk with the clubs.
Commission chairman John Grant said it would tell the clubs it would not interfere in their fight over increasing the $3.85 million annual grant.
The commission was due to take over the running of the game from the ARL and News Limited (publisher of The Australian) two weeks ago and Grant believes it will happen by the end of this month.
The chief point of conjecture has been the clubs' demand for a $500,000 cash injection each on top of next season's grant, plus an extra $2.15m once the new 2013 broadcasting deal is completed.
The $2.15m, which would have cost the NRL $34m, is now off the table, but News has offered a compromise deal of $500,000.
"It's not on our agenda (today) as it's really an issue for the clubs and News," Grant said.
"We've got a view on most things but, at the end of the day, it's between those two parties to sort out."
Clubs agree to sign Licence Agreements
NRL.com Tue, Nov 15, 2011 - 3:34 PM
All sixteen NRL Clubs have today agreed to sign ‘club licences’ with the ARL Commission.
Club Chairmen and Chief Executives today met with the Commission at the NRL following several weeks of discussion with the game’s existing partners, the ARL and News Limited over funding.
Wests Tigers Director, Mr David Trodden, said that the meeting had cleared the way for all clubs to sign licenses to compete for the next seven years:
“Today confirmed to everyone that the Commissioners are the right people to have in place and the clubs left more convinced than ever that the Commission is the right structure for the game.
“Over the last few weeks it’s been important that people understand the financial pressures that clubs face and that they address the best ways of ensuring clubs are able to remain strong into the future.
“Inevitably that has led to some emotion but the spirit of the process has been to ensure the stability of the clubs.
“Today was the first opportunity for the clubs to sit down with the Commissioners and to discuss the issues with the people who will govern the game.
“The clubs walked away convinced that the game is heading in the right direction.”
NRL Chief Executive, Mr David Gallop, said that the decision by the clubs was an important step towards the Commission being formalised:
“The issues facing the clubs have been recognised for some time which is why we have worked for so long to narrow the gap between the club grant and the Salary Cap.
“The more people interact with the Commissioners, the more they are seeing the value of their involvement.
“Today’s outcome is a real vote of confidence in the changes that are taking place and it is important that we continue with that momentum.”
Yeah, News and the clubs agreed to a 6 year non-compete clause last week - so the length of the next TV deal. Theres a link to a news article about it somewhere...What about the non-complete clause? Has that been agreed on yet?
The last few T's are being crossed, i's being dotted. knobs being polished. etc etc.
When did Gallop come to this revelation?Independent commission before Christmas not mere wishful thinking
Here's the plan: the independent commission will be in place and running rugby league by the middle of December - giving the eight commissioners a week to get the feeling they really are in charge before breaking for Christmas and coming back in the New Year to tackle the game's biggest issues.
That timing would also give the game the chance to close the year by parading, in public, those who have been handed the responsibility of ensuring the game reaches its potential.
The commissioners have been identified for some time - and some of them, most notably chairman John Grant, have had some important things to say - but at the end of the day you're not really in charge until you're in charge.
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A source who played a major role in ensuring the commission became a reality yesterday told the Herald it would be taking over very soon. ''Mid-December,'' the source said. ''This was never going to be a walk in the park, making this happen, and even after it became clear it was going to happen there was still an enormous amount of work to be done on the legal side of things before it could become official.
''A lot of contracts have had to be unravelled, but a lot of ground has been made up over the past few weeks. It will be a good PR move to have the commission in place before Christmas.''
NRL chief executive David Gallop confirmed the source's time-frame when he told the Herald yesterday: ''It looks like being weeks, not months.''
The NRL's annual two-day conference begins at Homebush today, and all the commissioners will attend along with Gallop, the NRL club chairmen and chief executives, and representatives of the NSWRL, QRL, CRL and ARL Development.
Gallop said his message to the conference would centre on the importance of accentuating the positive. ''It's an opportunity to remind the game's stakeholders that we're in a competitive environment and that we must showcase our strengths rather than our weaknesses,'' he said.
''I'll certainly be making the point that what we say about ourselves will be far more important than what any competitor does in our market. We need to be confident about our strengths, and if we do that we will continue to dominate in our key strategic areas, including western Sydney.
''The overall theme of the conference is about maximising opportunities ahead of us that will be created not only because of the game's new structure, but which are there to be built on because of the game's success in 2011.
''One of my pet hates is when people call rugby league 'resilient'. The game is successful because it does things well - not because it is resilient, not just because it has the capacity to handle negative issues well.''
The first day of the conference will include an update on the commission from Grant, a state-of-the-game presentation from the NRL's director of strategy and special projects, Shane Mattiske, a marketing overview and a discussion related to the upcoming television broadcast rights negotiations.
The second day will be run more along the lines of a general club chief executives' conference.