So crazy it just might work...

[applesauce]

What if the NRL was floated on the Stock Exchange?

The 8 commissioners would be like the board of directors.

7 of them are still appointed by the clubs, 1 appointed by the shareholders.

The fans would have then have a voice and it would be a great (and unique) revenue stream.

What's everyone thoughts, is it as stupid as I think or so crazy it just might work? :crazy:

 

[Scott Gourley's Lovechild]

Wasn't that the plot of Robocop 2?

 

[East Coast Tiger]

It would be great until the hostile takeover by the AFL. Or News Ltd.

And even before then wouldn't investers want it to turn a profit, pay dividends and increase in value? Not really the way to run a sport.

 

[applesauce]

And even before then wouldn't investers want it to turn a profit, pay dividends and increase in value? Not really the way to run a sport.

The Broncos shares are not run for profit etc. but for the love of the team. I have "invested" in them.

Dividends could be paid through discounted memberships/merch.

 

[docbrown]

Wasn't that the plot of Robocop 2?

You have 20 seconds to comply

 

[OVP]

Wasn't that the plot of Robocop 2?

Sounds more like Lorenzo Lamas in Snake-eater 3.

 

[Ulysseus]

Theoretically it can work BUT a company listed is supposed to make progress continually.
This is not the NRL's forte.
Being realistic, they can't add another team every 2 years and their is only so much they can make out of it before they hit a ceiling.
Even with a big TV rights deal, assuming the NRL was a publicly listed company, that would cause a share spike for maybe a week or two at best, and then?..................

Don't think not moving can't f**k a company, the ones that don't move forward inevitably fail on the ASX and the ones that move forward without any REAL progress, Adelaide Steamship anyone?, sure they were moving forward, but under everyone elses money - this culminated in the early 90's when the share price went from above $5 to below $1 in less than a day after they gave a dividend of around 20 cents per share and conceded that they had stagnated.
Borrowings of about 5 billion dollars (they owned Woolworths at one point) are not good practice.

The NRL, on the share market, could be the disaster that f**ks the game.
Plus those arseholes at News Ltd would probably make unsolicited offers to people.

 

[Nugby]

It would be great until the hostile takeover by the AFL. Or News Ltd.

And even before then wouldn't investers want it to turn a profit, pay dividends and increase in value? Not really the way to run a sport.

Think ECT's nailed this one.