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Just 2 NRL Clubs capable of posting a profit
Posted: Fri Feb 24, 2017 7:48 am
by Beaussie
All clubs bar 2, posting increased losses along with NRL HQ, despite a $50 million advance payment on the new tv deal from Channel 9.
Gees louise, what a shambles. Imagine the situation if they didn't have leagues clubs to prop them up with pokie revenue.
Phil Rothfield Exclusive: NRL clubs lost a total of $53.4 million last year
The Daily Telegraph
February 23, 2017 11:00pm
NRL clubs lost a staggering total of $53.4 million last year, according to a secret financial document obtained by The Daily Telegraph on the eve of the season kick-off.
It is an embarrassing result for the NRL on the day of its own AGM where it will be revealed the head body also lost more than $2 million last year, despite a $50 million advanced payment on the new TV deal from broadcasters Channel Nine to help the Moore Park administration and struggling clubs.
The figures show the Parramatta Eels had the worst result in the year of their salary cap scandal, finishing with a loss of $12 million.
Salary cap fines, Anthony Watmough’s $1 million payout, legal fees, staff terminations and the loss of sponsorships from the scandal contributed to the worst financial result of any club in NRL history. Only the thriving Leagues Club business has kept the football club afloat.
Only two clubs — the Queensland powerhouses the Broncos and the Cowboys made profits.
Even premiers Cronulla finished with a loss of $600,000, despite a multi-million dollars boost from merchandising from the historic grand final win.
The Penrith Panthers also lost $7 million, blamed largely on the maintenance costs and hiring of Penrith Stadium, a $1.6 million grant to junior league and the expense of running their world class academy.
Like the Parramatta Eels, the losses are covered by a multi-million grant from the successful Panthers’ licensed clubs.
Penrith is disputing the NRL’s figure of an $8 million deficit with Panthers boss Brian Fletcher suggesting the figure is closer to $6 million.
It was also a poor year for the South Sydney Rabbitohs who turned a $1.5 million profit from the previous year into a $2.9 million loss, despite having the highest membership in the game.
The team’s poor on field performances and slump in attendances contributed.
The hefty losses are the reason why the 16 clubs fought so furiously and threatened to bring down independent commission chairman John Grant over the game’s future funding.
The club losses have increased by almost $10 million annually for the past three years from $30 million in 2014 to last year’s $53 million.
Under the new funding model where clubs will get 30 per cent more than the salary cap as their annual grant it is hoped the losses will decrease substantially.
The costs of the NRL propping up the Titans and Knights came to around $6 million.
The Broncos profit of $2.5 million according to NRL estimates could be seen as disappointing considering their turnover is $40 million, almost double the nearest Sydney club.
It is why there is such a strong push for a second Brisbane team to level the playing field.
The NRL declined to comment on the figures until after today’s AGM.
http://www.dailytelegraph.com.au/sport/ ... adb391708f
Re: Just 2 NRL Clubs capable of posting a profit
Posted: Fri Feb 24, 2017 9:03 am
by PerfectToATee
Oh dear... realistically how long do you estimate that this game has left before it resembles club rugby in Sydney and is delegated to the ABC? If it's still around in 20 years I'd be very surprised.
Re: Just 2 NRL Clubs capable of posting a profit
Posted: Fri Feb 24, 2017 9:13 am
by leeroy*NRL*
Ohh No not another Phil Rothfield Article..
love to see the equation of Bad Articles to NRL and good Articles to NRL
its like 80% bad to 20% good.
This is like a recycled Article from after the 2016 season.. (literally)
Re: Just 2 NRL Clubs capable of posting a profit
Posted: Fri Feb 24, 2017 9:58 am
by pussycat
leeroy*NRL* wrote: Fri Feb 24, 2017 9:13 am
Ohh No not another Phil Rothfield Article..
love to see the equation of Bad Articles to NRL and good Articles to NRL
its like 80% bad to 20% good.
This is like a recycled Article from after the 2016 season.. (literally)
Its all they've got! There own game loses 18m and there clubs even with pokies and grants still lose almost $60m.
It would imagine Eastern Suburbs District Rugby League Football club and its 4 or 5 other wholly owned clubs made a substantial profit last year, like they do every year. Despite what Slothfield has to say. And there would be plenty of other rugby League clubs in a similar position.
Re: Just 2 NRL Clubs capable of posting a profit
Posted: Fri Feb 24, 2017 2:32 pm
by leeroy*NRL*
oh yeh, would love the media to release these figures...
only release when an organization losses not profits.
which most leagues clubs profit.
Re: Just 2 NRL Clubs capable of posting a profit
Posted: Sat Feb 25, 2017 10:55 am
by ParraEelsNRL
Who cares, the truth will never come out, League making loses, AFL not despite pumping in 20 million a year for 1 club in Sydney and 20 million a year for another club in qld and that's not even mentioning the other clubs pumped up in the same places so they can survive with handouts too, no no no no no, we cant have the truth.
Re: Just 2 NRL Clubs capable of posting a profit
Posted: Sat Feb 25, 2017 6:52 pm
by leagueiscrap
ParraEelsNRL wrote: Sat Feb 25, 2017 10:55 am
Who cares, the truth will never come out, League making loses, AFL not despite pumping in 20 million a year for 1 club in Sydney and 20 million a year for another club in qld and that's not even mentioning the other clubs pumped up in the same places so they can survive with handouts too, no no no no no, we cant have the truth.
lol all bar two clubs in your shit tank code as loosing money like its going down the sink
the $20 million you speak of the AFL gives to GWS & the Suns, half of that is through the broadcast distribution money something that all clubs get in the AFL and similar in the NRLOL
the clubs have been around for 5 years not decades plus like the NRLOL teams, so will need time to establish them selves
Re: Just 2 NRL Clubs capable of posting a profit
Posted: Sat Feb 25, 2017 6:53 pm
by leagueiscrap
leeroy*NRL* wrote: Fri Feb 24, 2017 9:13 am
Ohh No not another Phil Rothfield Article..
love to see the equation of Bad Articles to NRL and good Articles to NRL
its like 80% bad to 20% good.
This is like a recycled Article from after the 2016 season.. (literally)
fuck off with that shit! if its a negative AFL story its all true, its a negative NRLOL story its all lies
Re: Just 2 NRL Clubs capable of posting a profit
Posted: Sat Feb 25, 2017 7:16 pm
by AFLcrap1
leagueiscrap wrote: Sat Feb 25, 2017 6:53 pm
leeroy*NRL* wrote: Fri Feb 24, 2017 9:13 am
Ohh No not another Phil Rothfield Article..
love to see the equation of Bad Articles to NRL and good Articles to NRL
its like 80% bad to 20% good.
This is like a recycled Article from after the 2016 season.. (literally)
fuck off with that shit! if its a negative AFL story its all true, its a negative NRLOL story its all lies
Isn't it time you learnt a new mantra to chant .
Re: Just 2 NRL Clubs capable of posting a profit
Posted: Sat Feb 25, 2017 8:44 pm
by Terry
The_Wookie wrote: Sat Feb 25, 2017 7:54 pm
everyone could learn new mantras to chat.
isnt a day that goes by I look at these forums and wonder why i bother.
I'm with ya there Wookie. Now that the idiot has been allowed back into the village it's gonna get more bothersome.
Re: Just 2 NRL Clubs capable of posting a profit
Posted: Sun Feb 26, 2017 1:42 am
by leagueiscrap
Terry wrote: Sat Feb 25, 2017 8:44 pm
The_Wookie wrote: Sat Feb 25, 2017 7:54 pm
everyone could learn new mantras to chat.
isnt a day that goes by I look at these forums and wonder why i bother.
I'm with ya there Wookie. Now that the idiot has been allowed back into the village it's gonna get more bothersome.
you speaking about your buddy
spazza?
he is the usual selective NRLOL fan, where a source of information is only credible when it suite their argument
Re: Just 2 NRL Clubs capable of posting a profit
Posted: Sun Feb 26, 2017 9:33 am
by AFLcrap1
Well dingbat . News ltd have a long history of anti RL articles .
Not very credible .
But still far more credible than the fantasies that come out of your mouth .
Just wondering if MELb made a profit this year ...did they do it with the help of the MELB STORM LEAGUES CLUB that only one person in AUSt knew about ......
Drum roll please......that was you .
Lol like most of your bizarro claims on here ...a total 100% lie .
Re: Just 2 NRL Clubs capable of posting a profit
Posted: Mon Feb 27, 2017 10:54 pm
by leagueiscrap
AFLcrap1 wrote: Sun Feb 26, 2017 9:33 am
Well dingbat . News ltd have a long history of anti RL articles .
Not very credible .
But still far more credible than the fantasies that come out of your mouth .
Just wondering if MELb made a profit this year ...did they do it with the help of the MELB STORM LEAGUES CLUB that only one person in AUSt knew about ......
Drum roll please......that was you .
Lol like most of your bizarro claims on here ...a total 100% lie .
Lol even though they use to own a steak of the nrlol & if if all they wrote about the nrlol were all lies, wouldn't they have been sued several times by now?
Why is it when it's a negative story about the nrl it's all lies & positive article it's all true for the nrlol
For the AFL a negative story is all true a positive article is a paid advert from the AFL media machine!
You loons only think a source is credible when it suits your argument. So fuck off with your conspiracies & just fact the fact! If it's a credible source when it suits, it's a credible source when it doesn't!
Re: Just 2 NRL Clubs capable of posting a profit
Posted: Mon Feb 27, 2017 10:56 pm
by AFLcrap1
Oh Jesus
Still banging the same drum
Re: Just 2 NRL Clubs capable of posting a profit
Posted: Tue Feb 28, 2017 12:57 am
by leagueiscrap
AFLcrap1 wrote: Mon Feb 27, 2017 10:56 pm
Oh Jesus
Still banging the same drum
Like the same last few years from you tin foil hat loons!
The source of information if only credible when it suite your argument! Other wise it's lies, or some hidden agenda or a paid advert from the AFL media machine
Lolololololololololoon