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$42.7M Red Alert

Discussion in 'Rugby League Forum' started by ManlyArmy, Feb 9, 2016.

  1. ManlyArmy

    ManlyArmy Well-Known Member 2016 Tipping Competitor

    Ratings:
    +939 /23
    Caw-2zpUcAAbvqN.jpg


    DT reporting tomorrow about the $42.7M hole in the 16 clubs.

    Will post article once it becomes online.
     
  2. manlyfan76

    manlyfan76 Parra Trolls are the best. Premium Member 2016 Tipping Competitor

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    This belongs in the lol at Para thread.
     
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    • Darren

      Darren Well-Known Member

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      Problem is Parra make so much money through their club.
       
    • tookey

      tookey Well-Known Member 2016 Tipping Competitor

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      That is parra's salary cap for 2016. Or at least what they think it is
       
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      • Ralphie

        Ralphie Well-Known Member Premium Member 2016 Tipping Competitor

        Bredbo
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        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.
         
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        • The Wheel

          The Wheel Well-Known Member

          Ratings:
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          Disagree! They actually just want to loose millions of money and move the club to central coast. Then there job is done
           
        • HappilyManly

          HappilyManly MWTS Premium Member 2016 Tipping Competitor

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          They got the leagues Club land at mates rates - so they are far ahead in cash terms:gbp:

          Plus the article omits the small matter of financial input of all the Clubs' sponsors :rolleyes:
           
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          • lsz

            lsz Well-Known Member Staff Member 2016 Tipping Competitor

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            I wonder where all these stories were when news owned half the game?
             
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            • SeaEagle21

              SeaEagle21 Well-Known Member Premium Member

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              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
               
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              • Fluffy

                Fluffy Well-Known Member

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                Damn that council charging 400K for hiring fees thus meaning a $2.9M loss for the club. Without those evil cash grabbers we would be up with South Sydney.

                Perry made profit, Kelly losing 2.9M. Who is better?

                A: Kelly, once you factor in the food bill for the "workers"
                 
                • Clever Clever x 1
                • 2830 Eagle

                  2830 Eagle Aim low, reach your goals, avoid disappointment

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                  Clubs have been in the red since 1908, it's just the amount that changes.
                   
                • Loobs

                  Loobs I am not really Scott Penn Premium Member

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                  Lol Perry made a one year 10K profit or something on the back of what was one of the most dominant runs of the modern era. Bravo!
                   
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                  • SeaEagleRock8

                    SeaEagleRock8 Sea Eagle Lach Staff Member Premium Member 2016 Tipping Competitor

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                    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.
                     
                  • lsz

                    lsz Well-Known Member Staff Member 2016 Tipping Competitor

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                    Is the bigger concern that the bongos can only turnover 800k considering the benefits they have?
                     
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                    • manlyfan76

                      manlyfan76 Parra Trolls are the best. Premium Member 2016 Tipping Competitor

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                      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.
                       
                    • Mals

                      Mals Well-Known Member Premium Member 2016 Tipping Competitor

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                      Can you please post the article mate.
                       
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                      • Shoe1

                        Shoe1 Well-Known Member

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                        $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.
                         
                      • mosto

                        mosto Well-Known Member Premium Member

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                        A 'Special Investigation' conducted by Slothfield would be thorough and comprehensive no doubt o_O
                         
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                        • Loobs

                          Loobs I am not really Scott Penn Premium Member

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                          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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