I have always failed to see what the drama was ... going in ... The Penn's knew that with the exception of Broncos, every club loses money .. and that it would cost a couple of million a year out of their own pockets ,to have their own footall club .... for whatever reason .. generosity to the people of Manly, or just ego, don't care which ... they bought the club with eyes wide open ...
Sure, long term they have always harbored ambitions that the changing landscape may one day make clubs a financial success ... one day ..
But how has the suspension of the game made it any more expensive for the Penn's? ... their major cost of players salaries has been drastically reduced and at this point still covered by the NRL ... all the coaching staff and office staff and support staff have also been sent home or will be .. also greatly reducing their running costs ... no 50 squad airfares and accomodations every week is also a huge reduction in costs ....
The one area I see as a problem is the hire costs of Brookie from the council .... is this a yearly contract or hired per game ?? either way one would think that this issue will be resolved ... cheaply ???
So, I just don't see how this drama, if it is limited to one season, puts any huge increase in the Penn's normal ability to fund the club ???
And if I am wrong ... and it will cost him $2mil this year rather than $1mil .... we have the wrong owners anyway ....
PSS .. It is however great that the Penn's have come out and stated their support .... and up you to all the doomsayers in the media ....
Good morning
@Woodsie
So, I just don't see how this drama, if it is limited to one season, puts any huge increase in the Penn's normal ability to fund the club ???
What we do not know we do not see
This is what we know now ........
The effects of the coronavirus crisis will haunt rugby league for some time. But some good will come out of it.
www.smh.com.au
Our clubs and our game now have to endure the loss of vital broadcast revenue that, for a long time, has been the lifeblood of the game. Along with this, clubs will lose major parts of their sponsorship, membership, corporate hospitality, game-day takings and event fundraisers. It won’t just be the fact we lose this money for season 2020 either. The double whammy will come when we realise it will be extremely difficult to replace this income, when the game does eventually resume.
Look at what’s happening in our economy: business closures; job losses; hospitality and tourism industry in tatters; many associated businesses and trading partners crippled.
When the game does resume, stakeholders will not bounce back to normal straight away: sponsors, corporate partners, trading partners, the companies that have availed themselves of corporate hospitality at game-day events, the general public who give up their hard-earned money to buy memberships, merchandise and attend games. The longer large sections of our country are locked down, the greater the pain for the economy.
What will the broadcast rights be worth into the future after not having fulfilled the content requirements in the year 2020? Will the NRL have 16 teams available to provide eight matches a week as are required under the current broadcast agreements? Will the broadcasters themselves be able to afford the current broadcast rights contracts, given they, too, will lose sponsors and subscribers? These are all questions that can’t be answered until we get closer to the game returning.
Everybody Knew this
The most significant factor in all of this will be the disappointment and lack of confidence NRL clubs have in head office. This is real.
The real thing is
The NRL has been hit by a double whammy
It has been hit by the Corana Virus
and the Incompetence of Colonel Greenburg Klink and his Clowns at NRL head office
The NRL will recover when we over come both these catastrophic hurdles
No accountability I know nothing I see nothing
Colonel Greenburg Klink