$100 million loan on offer to the NRL ..

[Woodsie]

Tele reporting today that a Pommie equity mob are prepared to offer the NRL a $100 million dollar line of credit to get through the troubles and keep the game alive ... repayment from next years broadcasting deal .... apparently sourced in part by the Storm CEO ..

This is good news .. because any hope the Pom's would have for repayment would necessitate the survival of the 16 clubs to form the competetion ....

V'Landy has said that this and other options have been made available and they are looking at several options ...

 

[manly al]

Difficult times for the code but think that that type of proposition would seem be in the desperation sphere . and a deal brokered by a Storm C E O , . even seems less appealing