Talking Footy

Sydney NRL clubs to lose a combined $34.1 million for 2016 season

SYDNEY based NRL clubs will lose a combined total of $34.1 million this season in continued worrying signs for the game.

Alarming figures show all Sydney clubs will operate at a loss for season 2016 where not even the premiership-winning Cronulla Sharks could post a profit.

Five of the nine Sydney franchises sank deeper into the red, headlined by the Eels and Canterbury, as it’s revealed collectively clubs will lose $4.5 million more than last year.

The Daily Telegraph last month reported Parramatta’s record loss of $11 million for the season, an increase of $3 million from the previous year.

While the Bulldogs’ $5.2 million loss will be offset by a $4 million League Club grant, it was $1.7 million more than 2015 and comes amid a massive clean-out of Des Hasler’s coaching staff.

In other figures set to be delivered to members or private owners:

* SOUTH Sydney suffered almost a $4 million downturn in fortunes after posting a healthy $1.4 million profit last year;
* THE Sharks performed the best, posting a loss of just $500,000 this year;
* THE Sydney Roosters will lose $3.2 million;
* ST GEORGE Illawarra lost $2 million which was underwritten by a Leagues Club grant;
* PRIVATELY owned Manly are $1.5 million in the red after being locked in a court dispute over alleged non-payment of a major sponsorship; and
* PENRITH and the Wests Tigers sustained operating losses of $5.4 million and $2.8 million respectively.

The Panthers are actually $1 million better off than 2015 but chief executive and chairman Brian Fletcher said the operating cost of Penrith’s Rugby League Academy, the investment in juniors and determination to be a powerhouse on the field meant the club was prepared to wear the financial burden.

“For us to try and perform at the highest level, we need to spend that sort of money,” Fletcher said. “We are different to other clubs. We have 8500 juniors, junior programs that we have to pay for and run, that aren’t subsidised by the NRL.

“We’ve also got to maintain Penrith Stadium, which costs between $500,000 and $750,000 a year for rent and upkeep.
“We also built the academy to improve the quality of our players — that’s not cheap to run either. We find it very difficult to get figure down but hopefully the new $4 million (funding from the new broadcasting deal), which was promised on top of our funding from 2018 will help break the back of that loss.”

Clubs continue to discuss funding and licences with the NRL, but Fletcher stressed any significant cash cutbacks would jeopardise the Panthers’ chances of succeeding on the field.

“If we have to spend $6 million to be competitive, so be it,” Fletcher said.

After being the sole Sydney club to post a profit last season, Rabbitohs chief executive Blake Solly put this year’s concerning financial result to several factors.

“We have traditionally been break-even or profitable over the last three to four years but we have made some investments into our football program and also into our new community high-performance centre at Heffron Park,” Solly said.

“We are on a slightly different footing to most Sydney clubs in that we don’t have a licenced club. That is why membership is a key to us. It is a huge contributor to our financial wellbeing.

“With 35,000 members, which we hope to get in 2017, we will back at break-even again and if we have an even better season on the field, we will certainly make a profit.”

Brisbane appear the only team to consistently post a profit.

Leagues Club grants helped the ease the financial pain of several Sydney clubs. The NRL cannot allow any club to fold given rugby league’s television broadcasters require eight games each week.

“Sustainability is the biggest issue in the game,” said one club chairman. “The game has to have eight games a week. Clubs have to be viable to deliver on our contractual obligations.”

The Eels season was a total disaster. In the letter to members last month, then interim Eels CEO Bevan Paul claimed the club’s losses were “clearly unacceptable and with the leagues club redevelopment scheduled to begin in early 2017 it is critical that Eels costs are constrained within the benchmarks of comparable NRL franchises.”

http://www.dailytelegraph.com.au/sport/ ... 0b86a0afd0

eelofwest wrote:

Stupid article that does not take into account the leagues clubs of all these clubs.

NRL does not have to pay a cent for any of these losses.

AFL on the other hand is loosing close to 25million a year on GCS, GWS alone.

Add in Brisbane lions losses of 4million and the AFL is loosing nearly 30m a year on these 3 northern clubs.

Beaussie wrote:

eelofwest wrote:

Stupid article that does not take into account the leagues clubs of all these clubs.

NRL does not have to pay a cent for any of these losses.

AFL on the other hand is loosing close to 25million a year on GCS, GWS alone.

Add in Brisbane lions losses of 4million and the AFL is loosing nearly 30m a year on these 3 northern clubs.

Souths don't have a leagues club and leagues club grants are mentioned in the article.

Would also like to see some evidence of your assumptions made about the AFL clubs in the northern states.

Beaussie wrote:

Gee whiz, even the premiership winning Sharks couldn't post a profit in 2016. What a mess.

Sydney NRL clubs to lose a combined $34.1 million for 2016 season

SYDNEY based NRL clubs will lose a combined total of $34.1 million this season in continued worrying signs for the game.

Alarming figures show all Sydney clubs will operate at a loss for season 2016 where not even the premiership-winning Cronulla Sharks could post a profit.

Five of the nine Sydney franchises sank deeper into the red, headlined by the Eels and Canterbury, as it’s revealed collectively clubs will lose $4.5 million more than last year.

The Daily Telegraph last month reported Parramatta’s record loss of $11 million for the season, an increase of $3 million from the previous year.

While the Bulldogs’ $5.2 million loss will be offset by a $4 million League Club grant, it was $1.7 million more than 2015 and comes amid a massive clean-out of Des Hasler’s coaching staff.

In other figures set to be delivered to members or private owners:

* SOUTH Sydney suffered almost a $4 million downturn in fortunes after posting a healthy $1.4 million profit last year;
* THE Sharks performed the best, posting a loss of just $500,000 this year;
* THE Sydney Roosters will lose $3.2 million;
* ST GEORGE Illawarra lost $2 million which was underwritten by a Leagues Club grant;
* PRIVATELY owned Manly are $1.5 million in the red after being locked in a court dispute over alleged non-payment of a major sponsorship; and
* PENRITH and the Wests Tigers sustained operating losses of $5.4 million and $2.8 million respectively.

The Panthers are actually $1 million better off than 2015 but chief executive and chairman Brian Fletcher said the operating cost of Penrith’s Rugby League Academy, the investment in juniors and determination to be a powerhouse on the field meant the club was prepared to wear the financial burden.

“For us to try and perform at the highest level, we need to spend that sort of money,” Fletcher said. “We are different to other clubs. We have 8500 juniors, junior programs that we have to pay for and run, that aren’t subsidised by the NRL.

“We’ve also got to maintain Penrith Stadium, which costs between $500,000 and $750,000 a year for rent and upkeep.
“We also built the academy to improve the quality of our players — that’s not cheap to run either. We find it very difficult to get figure down but hopefully the new $4 million (funding from the new broadcasting deal), which was promised on top of our funding from 2018 will help break the back of that loss.”

Clubs continue to discuss funding and licences with the NRL, but Fletcher stressed any significant cash cutbacks would jeopardise the Panthers’ chances of succeeding on the field.

“If we have to spend $6 million to be competitive, so be it,” Fletcher said.

After being the sole Sydney club to post a profit last season, Rabbitohs chief executive Blake Solly put this year’s concerning financial result to several factors.

“We have traditionally been break-even or profitable over the last three to four years but we have made some investments into our football program and also into our new community high-performance centre at Heffron Park,” Solly said.

“We are on a slightly different footing to most Sydney clubs in that we don’t have a licenced club. That is why membership is a key to us. It is a huge contributor to our financial wellbeing.

“With 35,000 members, which we hope to get in 2017, we will back at break-even again and if we have an even better season on the field, we will certainly make a profit.”

Brisbane appear the only team to consistently post a profit.

Leagues Club grants helped the ease the financial pain of several Sydney clubs. The NRL cannot allow any club to fold given rugby league’s television broadcasters require eight games each week.

“Sustainability is the biggest issue in the game,” said one club chairman. “The game has to have eight games a week. Clubs have to be viable to deliver on our contractual obligations.”

The Eels season was a total disaster. In the letter to members last month, then interim Eels CEO Bevan Paul claimed the club’s losses were “clearly unacceptable and with the leagues club redevelopment scheduled to begin in early 2017 it is critical that Eels costs are constrained within the benchmarks of comparable NRL franchises.”

http://www.dailytelegraph.com.au/sport/ ... 0b86a0afd0

Beaussie wrote:

Read the thread title dopey. See Sydney there stupid? My god, how fucking stupid are you?

Beaussie wrote:

Read the thread title dopey. See Sydney there stupid? My god, how fucking stupid are you?

Beaussie wrote:

Just posting what was reported in the media. You don't like the headline or reality... tough luck.

pussycat wrote:

Beaussie wrote:

Just posting what was reported in the media. You don't like the headline or reality... tough luck.

The AFL clubs lost over $ 40m last year beau (or should I say Lic junior) and unlike the AFL figure which includes money made from gameing and clubs.