ParraEelsNRL wrote:leagueiscrap wrote:Foolproof wrote:The only club I think that's in big trouble from that list is the Titans. The Raiders have their issues but they have the room to recover. The Tigers just need to find the balance between Balmain and Wests. The Storm's issues are behind them and they are actually doing quite well considering.
the raiders have no fans for FFS, the titans a financially fucked and have no fans, GCS pinched then
Wests are fucked no money and fans. the storm in a similar case considering how successful they have been, lost millions of dollars, crowds will drop off as they stop winning premiships
Ha, all bs no substance as usual.
the raiders
fark all fans, fark all members
their football department can't make a cent 12, from membership, sponsorship & gate receipts & around 6 million of that coming from NRl distributions, as well as a 1.5 million dollar appearance fee from the ACT government as well as payroll concessions
http://www.canberratimes.com.au/act-new ... 1xzpx.html
Titans
no fans, no members
25 million in debt, the NRL payed their rent for them, now training down at the local school
http://www.dailytelegraph.com.au/sport/ ... 7069093375
Wests
no fans, no members
As has been widely reported, the problem for the Wests Tigers is not so much its financial clout but the unravelling ownership structure. The club is owned in equal parts by the Balmain Tigers and the Western Suburbs Leagues Clubs at Ashfield.
The Balmain Tigers' financial woes are well documented and they have recently failed to meet their financial commitments to the football team. The Tigers are under severe financial strain with operating losses and negative assets. The group has about $9.5 million of debt and desperately needs to find a way to develop its property at Rozelle to pay this down. At the moment, though, the Tigers have a severe cash-flow problem.
Meanwhile, the Wests side of the ledger looks sturdy with strong cash flows and significant property assets.
Balmain are hoping the football team will be self-funding once the NRL grant is increased on the back of a new five-year $1 billion telecast deal. This will place the football team under pressure as other teams will rapidly spend the increased funding on new playing talent.
http://www.smh.com.au/rugby-league/leag ... 2swhv.html
Storm,
a decade of winning premierships & world club championships, still have the lowest members & crowds in Victoria next to Melbourne city who have been a basket case ever since entering the A league a few seasons ago
off field
JOHN STENSHOLT
The consortium of private businessmen that has bought NRL club Melbourne Storm from News Ltd faces another five years of financial losses before the club breaks even.
Incoming Storm chief executive Mark Evans said the club, which cost News an estimated $75 million in losses in its 15-year history, had a plan to break even in “four to five years”.
Though Mr Evans would not reveal the identity of those in the consortium besides incoming chairman Bart Campbell, a sports entertainment executive from New Zealand, The Australian Financial Review understands the other three investors are Jayco Caravans owner and BRW Rich List member Gerry Ryan, Sportsbet co-founder Matthew Tripp and a businessman with links to the entertainment industry from New Zealand.
Mr Ryan is a former Storm director, who was forced to step down in 2010 by News when the club was discovered to have been cheating the NRL salary cap for several years. The Storm was subsequently fined heavily and stripped of its 2007 and 2009 premierships,
Several directors, including Mr Ryan, had attempted to take legal action against the NRL, then half-owned by News. It is understood News will hand over the club to the consortium for nothing, or for a small token sum, although Mr Evans would not comment on terms of the deal.
The sale means News’s only involvement in rugby league is its 66 per cent stake in the Brisbane Broncos. News has spent more than $700 million on the sport since the 1997 Super League war that split rugby league.
The Storm’s new owners will have access to the guaranteed $20 million funding from the Australian Rugby League Commission for the next five years negotiated when News gave up its half-ownership of rugby league at the beginning of 2012.
Mr Campbell, a former barrister in the High Court of New Zealand, is the primary shareholder; the other shareholders would be announced at a Melbourne function in two weeks. Mr Evans is a former CEO of English rugby union club Harlequins and was once coach of London side Saracens.
FINANCIAL BURDEN
The Storm has long been a successful enterprise on the field, winning its latest premiership last year, but has also been a financial burden for News.
The Storm has cut its annual losses from between at least $4 million and $6 million to closer to $2 million in recent years under departing CEO Ron Gauci, who has grown crowd and corporate hospitality numbers. The club has signed 15,000 members this season.
Mr Evans said the Storm would try to find new revenue sources, including from overseas and Australian sponsors and a better stadium deal with the Victorian government, the owner of AAMI Park.
“What the group hopes to bring is operation expertise and a lot of contacts in Australia, Asia and further afield that gives you access to financial support that you may not have been able to access before,” he said.
It could also investigate taking home matches interstate or overseas in exchange for large match fees, although that would require a change to its contract with the Victorian government.
A more likely outcome, given the penchant to remain competitive, will be for Wests to take control of the joint venture.
http://www.afr.com/p/business/marketing ... eJPfXNDJFP
no substance ay
there are meant to be top line football clubs!
pull your head out of your arse get with the program
:_<> 
liar extraordinaire 
