Perth Red
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Picking up On the discussion in the tele poll thread on relocation due to financial strife, teams in financial trouble:
St's - not known how cash strapped though had difficulty paying stadium rent and have had to get an advance from NRL to deal with cash flow issues
http://www.news.com.au/national/st-...revenue-dries-up/story-e6frfkp9-1226727261659
Tigers - balmain leagues skint and not able to pay their contribution. Doubtful wests can, or willing to, cover the $2mill shortfall annually. Money loaned from NRL to cover losses
http://www.smh.com.au/rugby-league/...-need-quick-1m-to-survive-20130819-2s7c3.html
Sharks - $3.5mill debt, operating on lowest income in NRL, struggling to fill sponsorship portfolio but light at end of tunnel with development helping cover losses.
http://www.smh.com.au/rugby-league/...-entrepreneur-paul-ellams-20140228-33r59.html
Titans - income poor and carrying debt. Not able to operate to full salary cap. Saving grace for them is NRL will bail them out as battleground area with afl expansion.
http://www.couriermail.com.au/sport...-suncorp-stadium/story-fniabrr8-1227018291015
At this time none of them are in such financial states that relocation is necessary. NRL, in public at least, is committed to sustaining existing clubs though tigers do seem at most risk and some balmain people, ?elias, think a move to Perth is on the cards after NRL put in a rumoured $8mill to keep them viable.
St's - not known how cash strapped though had difficulty paying stadium rent and have had to get an advance from NRL to deal with cash flow issues
http://www.news.com.au/national/st-...revenue-dries-up/story-e6frfkp9-1226727261659
Tigers - balmain leagues skint and not able to pay their contribution. Doubtful wests can, or willing to, cover the $2mill shortfall annually. Money loaned from NRL to cover losses
http://www.smh.com.au/rugby-league/...-need-quick-1m-to-survive-20130819-2s7c3.html
Sharks - $3.5mill debt, operating on lowest income in NRL, struggling to fill sponsorship portfolio but light at end of tunnel with development helping cover losses.
http://www.smh.com.au/rugby-league/...-entrepreneur-paul-ellams-20140228-33r59.html
Titans - income poor and carrying debt. Not able to operate to full salary cap. Saving grace for them is NRL will bail them out as battleground area with afl expansion.
http://www.couriermail.com.au/sport...-suncorp-stadium/story-fniabrr8-1227018291015
At this time none of them are in such financial states that relocation is necessary. NRL, in public at least, is committed to sustaining existing clubs though tigers do seem at most risk and some balmain people, ?elias, think a move to Perth is on the cards after NRL put in a rumoured $8mill to keep them viable.
http://www.dailytelegraph.com.au/sp...rs-joint-venture/story-fni3gpz1-1226855140991Should Balmain not be able to raise its $4 million within the two-year time frame, their delegates will be removed from the board and the 108-year foundation club will no longer have a stake.
That would leave Wests Ashfield with a decision over whether to accept the entire financial risk, a burden their board and members might not be prepared to accept. If that were the case the club would fall into the hands of the NRL, making it ripe for relocation. Some Balmain figures are already convinced a move to Perth is on the drawing board, because of the ‘Wests’ moniker.
“It makes complete sense — the Wests Tigers could work in Perth just as it does in Sydney,” said one Balmain figure. “And everyone knows the NRL needs to get rid of some Sydney clubs.”
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