$42.7M Red Alert
- Thread starter ManlyArmy
- Start date
manlyfan76
There is no A.I. Just better computers
This belongs in the lol at Para thread.
Damn those Penn's, I think they only got involved in the club so they could make losses and save tax. That way they get to throw in $1 million (A guess by the way) and get $300k in tax back. They don't care about the $1 million they only have eyes for the $300k in tax.
Disagree! They actually just want to loose millions of money and move the club to central coast. Then there job is done
HappilyManly
Journey Man
They got the leagues Club land at mates rates - so they are far ahead in cash terms
Plus the article omits the small matter of financial input of all the Clubs' sponsors 🙄
Possible cap to be introduced for all non-player expenses to kerb these losses. I wonder how stingent they will be with this new cap as they sure have enough freedom in the current player salary cap atm
2830 Eagle
Aim low, reach your goals, avoid disappointment
Clubs have been in the red since 1908, it's just the amount that changes.
It's rather misleading in that the NRL is worth a billion but only because of the product provided by the clubs.
That is the basis on which the NRL already funds the salary cap component of club expenditure, and they would probably fund the other costs if certain clubs were not patently deficient in their administrative capabilities.
That is the basis on which the NRL already funds the salary cap component of club expenditure, and they would probably fund the other costs if certain clubs were not patently deficient in their administrative capabilities.
manlyfan76
There is no A.I. Just better computers
Well what was last year on the back of? 10 consecuive finals? They had total control of operations and the board, so they should have done better by your logic because we had sucess over a longer period.
That aside im happy for the Sea Eagles not to make money, a loss of only 1 million is a great result imo.
Can you please post the article mate.
Shoe1
Journey Man
$42 million in the red means nothing. The game makes A billion in tv rights alone. Individual clubs are not profit centers. Revenue made by clubs offsets the losses a bit, but that's all. Most clubs will always be in the red or maybe break even. The nrl /arl or whatever the overarching body is will always have to distribute funds to ensure we have clubs and a product. The story is a yawn.
The real story is which of these clubs is not maximizing their spend and assets due to poor management. I'd say tigers (balmain), Newcastle, parra.
The real story is which of these clubs is not maximizing their spend and assets due to poor management. I'd say tigers (balmain), Newcastle, parra.
Loobs
Living in the demountable.
Poor start, then bad weather and a **** team.
All things considered, the NRL will be tipping in more cash because of the new TV deal, and beyond that, like you say, ~1M loss seems to be OK. It's interesting that the Cowboys lost money too, being a solid one team town, etc, I'd expect more.
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