Laugh all you want! again, NRL and PVL snake oil salesmen numbers vs real world numbers taken from published legal documentation
the Bulldogs revenue from membership in 2025 was
The Western Bulldogs achieved record financial results in 2025, driven by a fourth consecutive membership record of 65,584 members
. Total membership revenue for the 2025 financial year reached $10.84 million. This follows a strong 2024, where membership revenue was approximately $9.57 million from 62,328 members.
https://www.westernbulldogs.com.au/news ... ial-result
For the 2024 financial year (ending October 31, 2024), the Penrith Panthers reported a membership revenue of
$2.857 million.
This revenue figure is part of the broader financial results for the Panthers Group, which reported a comprehensive loss of $3.503 million for 2024 on a total revenue of $172.428 million.
Key Membership & Financial Context (2024-2025):
https://www.panthers.com.au/wp-content/ ... inalLR.pdf
Club Members: The Panthers Group has over 145,000 members across its various licensed venues, with 19,400 members specifically registered for the NRL team.
Total Revenue Breakdown (2024): In addition to the $2.857m from memberships, other key revenue streams for the group included gaming ($63.789m), catering/beverage ($38.586m), and sponsorship ($12.058m).
Brand Value: As of October 2025, the Penrith Panthers were ranked as Australia's most valuable sporting brand, with a value of $129 million.
Recent Performance: The club has experienced significant on-field success with four consecutive Premiership wins (2021-2024), which has helped drive commercial revenue.