the true health of the nrl clubs
Posted: Wed Sep 11, 2013 3:00 pm
The collective health of the 16 clubs in the National Rugby League is fragile and there needs to be a concerted effort not to waste the funds from the new billion-dollar broadcast deal on higher player payments.
Only two clubs – the Brisbane Broncos and North Queensland Cowboys – can claim to be financially self-sufficient from footballing revenues – sponsorship, merchandise, gate receipts and the NRL grant. The other 14 clubs all require regular cash injections from between $1 million and $5 million from supporting leagues clubs or generous backers just to break even. This is not sustainable in the long run.
In recent years Newcastle, Wests Tigers, Souths, Penrith, Cronulla, Gold Coast and Melbourne have faced financial difficulties that threatened their existence. On each occasion new funds, a revamped ownership structure or, in Penrith's case, an administrative structure, were put in place to secure survival. The same vulnerable environment exists with virtually all clubs except the Broncos, undercapitalised as standalone entities. This means most football clubs are not financially robust enough to sustain any significant setback. You only have to look at the situation at Cronulla where the Australian Sports Anti-Doping Authority investigation could result in massive legal bills to comprehend the tenuous situation. Newcastle, Cronulla, Wests Tigers and Manly are under financial stress and may require support from the NRL at some time in the next few years.
Compared to the AFL, the financial performance of the NRL clubs is underwhelming. Even the Broncos generate less than half the revenue of Collingwood despite having a city of 2 million people to themselves.
Read more: http://www.smh.com.au/rugby-league/leag ... z2eYZXbUC5
Raiders
The Raiders club has the support of a string of leagues clubs in the ACT and Queanbeyan housing more than 800 poker machines. The powerhouse of the group is the Queanbeyan Leagues Club, which has been instrumental in forming a property trust with more than $30 million worth of assets. The club has been able to fund the trust and retain a healthy balance sheet of its own. Profits from this trust can be distributed to the football club. This should see the Raiders football team continue to prosper in the coming years even though it is unsure how much debt is attached to the property portfolio.
The Raiders football team has generated around $12-$13 million of revenue in recent years, making it one of the poorest-performing in the competition. This effectively means the football club is uneconomic and demands several million dollars from the leagues club and property trust for support each year. With no competition for funds in the nation's capital, this should stand the football club in good stead for some years to come.
Read more: http://www.smh.com.au/rugby-league/leag ... z2eYZqza6u
the sideways throwball fans had a laugh at some of the struggling AFL clubs, a while back, but from the looks of it the NRl far behind, riddled with debt, pretty much all struggling for survival still after owned buy famous business men, a bunch of celebrities or backed buy a string of pokie filled leagues clubs, still isnt enough to be financially viable,
quite interesting the 3 clubs with the biggest revenue
Broncos $32 million
Bulldogs $16.5 million
Cowboys $18.5 million
are still far behind the AFL clubs
Revenue:
Collingwood - $69,249,166
Essendon - $65,431,425
Hawthorn - $57,277,620
West Coast - $55,000,000*
Geelong - $48,957,150
Carlton - $46,637,015 (up $6 million on 2011)
Brisbane - $43,859,151
Fremantle - $42,770,000*
Melbourne - $39,517,200
Richmond - $37,640,767
Port Adelaide - $36,649,694
Western Bulldogs - $32,777,251
North Melbourne - $31,027,110
St Kilda - $30,846,816
GWS - $28,500,000*
figures of 2012
Only two clubs – the Brisbane Broncos and North Queensland Cowboys – can claim to be financially self-sufficient from footballing revenues – sponsorship, merchandise, gate receipts and the NRL grant. The other 14 clubs all require regular cash injections from between $1 million and $5 million from supporting leagues clubs or generous backers just to break even. This is not sustainable in the long run.
In recent years Newcastle, Wests Tigers, Souths, Penrith, Cronulla, Gold Coast and Melbourne have faced financial difficulties that threatened their existence. On each occasion new funds, a revamped ownership structure or, in Penrith's case, an administrative structure, were put in place to secure survival. The same vulnerable environment exists with virtually all clubs except the Broncos, undercapitalised as standalone entities. This means most football clubs are not financially robust enough to sustain any significant setback. You only have to look at the situation at Cronulla where the Australian Sports Anti-Doping Authority investigation could result in massive legal bills to comprehend the tenuous situation. Newcastle, Cronulla, Wests Tigers and Manly are under financial stress and may require support from the NRL at some time in the next few years.
Compared to the AFL, the financial performance of the NRL clubs is underwhelming. Even the Broncos generate less than half the revenue of Collingwood despite having a city of 2 million people to themselves.
Read more: http://www.smh.com.au/rugby-league/leag ... z2eYZXbUC5
Raiders
The Raiders club has the support of a string of leagues clubs in the ACT and Queanbeyan housing more than 800 poker machines. The powerhouse of the group is the Queanbeyan Leagues Club, which has been instrumental in forming a property trust with more than $30 million worth of assets. The club has been able to fund the trust and retain a healthy balance sheet of its own. Profits from this trust can be distributed to the football club. This should see the Raiders football team continue to prosper in the coming years even though it is unsure how much debt is attached to the property portfolio.
The Raiders football team has generated around $12-$13 million of revenue in recent years, making it one of the poorest-performing in the competition. This effectively means the football club is uneconomic and demands several million dollars from the leagues club and property trust for support each year. With no competition for funds in the nation's capital, this should stand the football club in good stead for some years to come.
Read more: http://www.smh.com.au/rugby-league/leag ... z2eYZqza6u
the sideways throwball fans had a laugh at some of the struggling AFL clubs, a while back, but from the looks of it the NRl far behind, riddled with debt, pretty much all struggling for survival still after owned buy famous business men, a bunch of celebrities or backed buy a string of pokie filled leagues clubs, still isnt enough to be financially viable,
quite interesting the 3 clubs with the biggest revenue
Broncos $32 million
Bulldogs $16.5 million
Cowboys $18.5 million
are still far behind the AFL clubs
Revenue:
Collingwood - $69,249,166
Essendon - $65,431,425
Hawthorn - $57,277,620
West Coast - $55,000,000*
Geelong - $48,957,150
Carlton - $46,637,015 (up $6 million on 2011)
Brisbane - $43,859,151
Fremantle - $42,770,000*
Melbourne - $39,517,200
Richmond - $37,640,767
Port Adelaide - $36,649,694
Western Bulldogs - $32,777,251
North Melbourne - $31,027,110
St Kilda - $30,846,816
GWS - $28,500,000*
figures of 2012
> no Raiderdave/jackyboy as yet?
