COVID-19 Affects it will have on Australian footy codes

[pussycat]

Thanks

[leeroy*NRL*]

The price of success: How much it cost the NRL to keep the Storm alive

Melbourne Storm Staying on the Sunshine coast cost the NRL $4 Million Dollars

NZ Warriors being based on the Central Coast cost the NRL $5 Million Dollars.

[Quolls2019]

The price of success: How much it cost the NRL to keep the Storm alive

Melbourne Storm Staying on the Sunshine coast cost the NRL $4 Million Dollars

NZ Warriors being based on the Central Coast cost the NRL $5 Million Dollars.

If that’s how much it cost to put the storm in Queensland it’s cheaper than keeping them in Melbourne.....or is that an add on cost.

[Fred]

Hate to think what it cost the AFL with most their teams living away from home. But it is what it is. That’s the cost of keeping the season going.

[leeroy*NRL*]

The price of success: How much it cost the NRL to keep the Storm alive

Melbourne Storm Staying on the Sunshine coast cost the NRL $4 Million Dollars

NZ Warriors being based on the Central Coast cost the NRL $5 Million Dollars.

If that’s how much it cost to put the storm in Queensland it’s cheaper than keeping them in Melbourne.....or is that an add on cost.

keeping the Storm in Melbourne does not cost the NRL anything...
$4million was for the Resort for players and staff plus charted flights to Sydney.

sorry i don't totally understand your question ?

[leeroy*NRL*]

Hate to think what it cost the AFL with most their teams living away from home. But it is what it is. That’s the cost of keeping the season going.

AFL costings were as of Sep 1st $60million.
until Grand Final, the total is unknown

prices would of decreased since finals due to teams returning back to Mexico.

[Quolls2019]

The price of success: How much it cost the NRL to keep the Storm alive

Melbourne Storm Staying on the Sunshine coast cost the NRL $4 Million Dollars

NZ Warriors being based on the Central Coast cost the NRL $5 Million Dollars.

If that’s how much it cost to put the storm in Queensland it’s cheaper than keeping them in Melbourne.....or is that an add on cost.

keeping the Storm in Melbourne does not cost the NRL anything...
$4million was for the Resort for players and staff plus charted flights to Sydney.

sorry i don't totally understand your question ?

ISorry I was being facetious not literal.

[leeroy*NRL*]

Rugby league players will sacrifice around $20m in wages the next two years as the six-month stalemate with the NRL finally draws to a close.

NRL chief executive Andrew Abdo fired off an email to club bosses late on Sunday to inform them negotiations with the Rugby League Players' Association were progressing well and an outcome expected ''in the coming days''.

The Herald understands the two parties are more likely to nail down an official agreement by the start of next week. There is no appetite to leave the matter unresolved leading into the Christmas break.

As COVID-19 stripped millions of dollars from the game's bottom line, the players accepted they would need to take a pay cut in the coming years - but exactly how much was a matter for debate with the governing body.

The RLPA initially pushed for just a 2.5 per cent pay cut, after the players spent the last five months of the season on just 52 per cent of their wage. They took a 20 per cent cut across the 12 months.

The NRL proposed a 10 per cent reduction before the RLPA countered with 5 per cent. League Central's last offer was 7.5 per cent before it was reduced again and presented to the union last Friday.

Sources close to the negotiations believe the final figure will sit between 6 per cent and 7 per cent. Further meetings will take place this week, but both sides are privately confident there will be a satisfactory outcome to the talks that started way back in the middle of the year.

Clubs have paid players their full wages in November and will do so again in December before all payments will be adjusted accordingly the final ten months of the league season.

The 2021 and 2022 salary cap sits just shy of $10m, and based on 16 clubs over two seasons, players salaries would normally amount to $320m. Should there be a six-percent pay cut, $19m will be ripped from salaries, and just over $22m with a seven-percent dip.

The union are mindful other entitlements under the current collective bargaining agreement have already been impacted, including the retirement and injury and hardship funds.

The Herald also revealed last month Origin players had agreed to pocket $10,000 a game - down from $30,000 - as a show of good faith as negotiations continued. It is expected the Origin and representative payments will be impacted, including those taking part in next year's World Cup.

Any proposal will need to be endorsed by the RLPA board and then given the players' leaders' blessing.

The NRL have already slashed around $50m from their own operating costs.

Once an agreement has been reached, clubs will also be able to plan ahead for 2022 with confidence. Big earners like James Tedesco, who this week signed off on a new three-year, $3.3m deal with the Roosters, will be out of pocket by over $100,000 the next two seasons.

ARL Commission chairman Peter V'Landys made sure playing groups remained at 30 moving forward and not slashed to help offset any financial pain for the players.

The AFL and their union agreed to a 3.5 per cent pay cut for 2021, but team lists were reduced. Abdo told The Australian last month the reduced rosters needed to be factored in when comparing the codes and the respective negotiations with the players' unions.

Speaking on Nine's 100% Footy program earlier this year, V'Landys said: "We're there for all players, not just a few. There is 30 and we will continue it at 30.

"There will be a small reduction in the salary cap. I think our reduction will be the least of any sport. As a boy from Wollongong, I'll be looking after all of them. I take pride in looking after the battler.''

[leeroy*NRL*]

NEW PAY DEAL IN PLACE FOR 2021 & 2022

Rep stars cop financial hit to maintain top 30 squads in new pay deal

The revised CBA will see clubs operate to a $9.02 million cap this season – down from $9.6 million under the original agreement, and $9.11 million in 2022 – dropping from a planned $9.7 million.

With each NRL club saving just under $600,000 a year on salaries over the next two seasons, the savings amount to just under $19 million across player wages.

The six per cent salary sacrifice ensures that each club retains a top 30 NRL squad and at least three development players, avoiding the prospect of fringe first-graders being forced out of NRL deals by the financial impact of COVID-19

Where NSW and Queensland players were entitled to $30,000 match payments and the Kangaroos earned $20,000 per Test match, those figures have been reduced to $15,000 for Origin and $10,000 for Australian appearances

[leeroy*NRL*]

Debt at AFL club Port rises to $12m

Port Adelaide have reported a statutory loss of more than $4 million for last season, blowing out the AFL club's overall debt to $12m

https://7news.com.au/sport/AFL/debt-at- ... -c-2149474

[pussycat Mark 11]

Fremantle have reported an operating loss of $4.45m, and a consolidated loss of $1.07m when Jobkeeper is included. Revenue for 2020 was $37.02m (-36%). Membership 11m (-38%), AFL dist 9.54m, Match Rev 2m (-67%)

[pussycat Mark 11]

https://www.watoday.com.au/sport/AFL/af ... 57332.html


AFL records $22.8 million loss, not out of woods yet

The AFL officially lost $22.8 million during 2020 but the full cost of COVID-19 across the competition is much harder to measure as club and AFL cash reserves and lines of credit were exhausted

[leeroy*NRL*]

NRL limits damage from pandemic after $65 million cost cutting mission

The NRL has slashed its operating costs by a whopping $65 million over the last year in a desperate bid to ensure the game’s survival during the coronavirus pandemic and in the future.
According to The Sydney Morning Heraldthe governing body has saved more than $65 million in operating costs during the past financial year.

It comes ARLC chair Peter V’landys oversaw the cutting of costs by almost one third last season in the biggest financial reset in the game’s history.

The figures reveal consolidated expenditure dropped by $82.5 million to $444.4 million with the findings to be released at the annual general meeting of the Australian Rugby League Commission on Friday.


However the NRL will still report a loss despite the massive cost cutting measures.

But the revenue from the State of Origin games was not included in the year-ending period to October 20, which would have improved the balance sheet further.

Had the Origin takings been included the ARLC were looking at posting a deficit of just $3-$5 million.

https://www.foxsports.com.au/nrl/nrl-pr ... 57568b1c0a

[leeroy*NRL*]

Covid cost AFL and NRL hundreds of millions, financial accounts reveal

COVID-19 cost the two biggest football codes more than $250m in revenue, caused more than $100m in operating losses and the spending of previously accumulated savings and had them receive $45m in Jobkeeper revenue to survive 2020.

Both the AFL and NRL have trumpeted better than expected fiscal results for last year this week, but a fuller examination of their financial performance shows the big cost the pandemic wrought.

The NRL on Friday revealed a $24.7m deficit for its 2020 financial year, which did not include the State of Origin series played at the end of the season. The league said if the three-game series was included in its results it would have recorded just a $3.7m deficit for 2020.

ARL Commission chairman Peter V’landys lauded the result, which compared to an underlying loss of $22.7m for the AFL and came after the NRL managed to reduce its operating expenses by a whopping 32 per cent.

“The game faced financial catastrophe when we were forced to suspend the season in March. I’m pleased to report that because we were able to resume the season so quickly and renegotiate new deals with our partners, the game finished the financial year in much stronger shape than first predicted,” V’landys said.

“We’ve recorded a modest deficit and had State of Origin been played in the 2020 financial year we would have been close to breaking even.”

READ MORE:Broncos at each other’s throat|The bloodiest cricket story ever told|Coach whisperer heads to Brisbane|Why we must support England
But there is some devil in the detail for both of the biggest football codes, with some interesting information emerging – or being hidden – when it comes to the contentious matter of broadcast deals.

Kayo is your ticket to the best sport streaming Live & On-Demand. New to Kayo? Get your 14-day free trial & start streaming instantly >

V’landys was hailed last year when rugby league became the first football code to get back on the field, and crucially on television screens, in May. After heated talks, the NRL chairman was able to recast broadcast deals with Nine Entertainment and Fox Sports.

The AFL would later follow suit, but V’landys has been coy about revealing exact details of the discount that Nine and Fox were able to negotiate. That extended to Friday, when the concise financial report uploaded on the NRL website did not break down its broadcast income for the first time in recent memory.

It has been estimated that the NRL could be forgoing $150m in broadcast revenue over three seasons.

Meanwhile, the AFL’s financial report lodged with the Australian Securities and Investments Commission on Thursday night showed its broadcast revenue dropped by $45m from the $397m it received in 2019, after chief executive Gillon McLachlan agreed to revamped deals with Seven West Media and Foxtel.

McLachlan also managed late in 2020 to strike extensions with Seven and Foxtel through 2023 and 2024, and the AFL’s latest accounts show how lucrative those deals will be in what is otherwise a tough market.

“The new extended broadcast deal … will deliver $946 million to the AFL industry over the two years,” a note in the accounts says.

While the AFL will have reduced deals this year and 2022, the new contracts mean it averages $473m in broadcast revenue in 2023 and 2024. For context, that compares to the $353m it got from its television partners in 2020 and is more than the NRL’s entire $419m revenue last year.

While the AFL said it came through 2020 in much better financial health than it had feared – it had organised a $660m line of credit with NAB and ANZ when the pandemic halted the competition in March – there was still some big costs.

The league spent a huge $60m from its savings fund to “mitigate losses throughout the AFL industry” and its borrowings went up about $100m to $190m, including the recognition of lease liabilities and the drawing down of loan facilities to help various clubs.

Its AFL Stadia subsidiary, which owns Marvel Stadium in Melbourne’s Docklands, posted an $18m loss for the year, and the AFL’s results included $33m it received from the Federal Government’s JobKeeper program and there was also $14m from the Victorian government for a future Marvel Stadium redevelopment. It also spent about $60m on measures such as the Queensland hubs for the competition in the second half of the year.

The NRL’s results revealed it received $11.5m in JobKeeper payments and revenue fell by about 25 per cent or more than $130m.

It did reduce expenses by 32 per cent despite significant spending on COVID protocols and team travel.

V’landys also took a shot at his competitors when detailing the NRL’s increasing net payments to its clubs by 300 per cent to ensure their viability.

“This is in stark contrast to other sports, which either reduced funding to their clubs or maintained the same level of funding in their clubs’ time of need given the disastrous impact of COVID-19 on their other sources of revenue,” he said.

https://www.theaustralian.com.au/sport/ ... f7c206667e

[leeroy*NRL*]

what is in this article that we do not know already.

we already knew AFL and NRL shaved there deals by around 40-60mill

and than ROY goes on we will know more in 30 days.

What i really want to know is how much FOX PAID for an extended deal.
which i am guessing has in contract Expansion add on's