In August 2015, the Sydney Morning Herald reported that the NRL clubs want an increase in their annual NRL grant from $7.5 million a year to $12 million if the salary cap rises to $10 million a year in 2018 – or an annual payment of more than $2 million in excess of their total wages bill for players. The…
The Age reports that Geelong are unhappy being forced to play 2 games at Etihad saying that its not fair they have to pick up the slack for clubs playing games interstate, like Hawthorn, claiming it could cost the club between 1 and 1.5 million in 2016. “We support taking the game around Australia and…
The Financial Review reports that Football Federation Australia was able to break even only with the help of a $4 million windfall from hosting the Asian Cup, the organisation’s latest financial accounts reveal. The accounts, recently lodged with the Australian Securities and Investments Commission, show FFA’s operating revenue reached $103.1 million in the year to June…
Essendon Football Club has recorded a net loss of $1,336,354 for the 2015 financial year. CEO, Xavier Campbell, said despite the loss, the Club was in a strong financial position. “Our financial loss this year is the result of a number of unforeseen costs to the business,” Campbell said. “The loss includes a combination of…
Fairfax reports that NRL clubs want their annual grants increased to 130 per cent of the salary cap and changes to the constitution to give them a greater say in the make-up of the ARL Commission.Those are the key points in a list of demands drawn up ahead of a potentially explosive meeting on Wednesday between a delegation…
News Limited reports in The Australian that while the NRL clubs are believed to be happy with the ARLC’s offer of an extra $3m over the next two seasons, they want the money to come with no strings attached — there have been suggestions it would be repayable if the clubs failed to sign new…
Richmond Tigers record $500,000 profit The Age reports that while the pain of its third straight elimination final defeat continues to haunt the Richmond psyche, the Brendon Gale-led administration will record its seventh straight profit to the tune of $500,000 for 2015. Having eliminated the last of its debt two years ago, the club now…
Carlton chief Steven Trigg says Blues not in dire situation despite $2 million loss CARLTON is facing a significant challenge as it stares down the barrel of a $2 million loss this year, chief executive Steven Trigg says. The predicted loss is set to be one of the Blues’ biggest in the club’s history, with…
On October 14th, News Limited reported that the NRL was set to appoint 4 independent board members, while the NRLs cheif financial officer, Peter Brown, would stand down in order to allow the Titans to feel more like their own entity as the club is prepared for sale. For a more complete summary of the…
The Sydney Morning Herald reports that the new Stadium upgrades are essential for the preservation of Sydneys NRL clubs, as well as the growth of attendances in the code.\ “My strong view is that suburban grounds, particularly in rugby league’s case, will probably kill one or maybe even two franchises if we don’t make the…
Phil Rothfield recently had an indepth discussion with Dave Smith, CEO of the NRL. Here are the parts relative to this website. BUZZ: I’m glad the grand final was at ANZ. Under your plan for a 60,000 seater in Moore Park, 25,000 fans would have missed seeing the best grand final ever. SMITH: What I’m…
With Hawthorn’s million-dollar-a-year deal with Audi inked, only five AFL teams now don’t have a car sponsor—including the two that topped the ladder and another whose supporters are among the most likely to intend to buy a new car, Roy Morgan Research shows. Whether the deal includes signage at matches, logos on jerseys and shorts,…
The Australian reports that Aleague pay negotiations have apparently concluded with no resolution, after the clubs and players failed to agree before the CBA ran out on June 30th. The Clubs are apparently now talking about going around the players union. Note: articles from the Australian are hidden behind a paywall. Simply copy the article…
The Adelaide Advertiser reports that Adelaide United are taking a dim view of the players pay demands for the upcoming international matches, saying that the clubs make so little money off them as it is, that they may as well not play them at all in the future if the players pay demands are to…
Sportsbusiness Insider is reporting that Strada investments has acquired another 28% of the shares of Sydney FC that formerly belong to Paul Ramsay Holdings taking the companies share to 88% of the total. Stradas managing director is the Sydney FC Chairman.
Fairfax reports that the four clubs excluded from yesterdays discussions would also like to be part of the talks. Wests Tigers, St George Illawarra, Newcastle and Gold Coast were excluded due to a perception of bias in favour of the NRL through directors on the board or emergency funding. Newcaslte Chairman Brian Guigan said “This…
News Limited reports that clubs, concerned about the finances and how little say they appear to have in the running of the NRL, ten clubs are reported to be meeting ahead of the Chairmans meeting i June after Origin 2.
Fairfax reports today of a secret meeting between the directors of 12 NRL clubs who will be told that the Leagues surplus is $30 million short of what the NRL actually says it was. The only clubs not invite were St George Illawarra, Wests Tigers, Newcastle and Gold Coast – all percieved to have a…
Various media outlets are reporting that the FFA has terminated Nathan Finklers license in Newcastle. A new license will be issued and controlled by the FFA. A club from Newcastle will remain a member of the A-League and current Jets players will be offered contracts.
With the Brisbane Roar looking down the barrel of a 2.2 million dollar loss, Chris Fong has flown to meet the owners for an indication of the clubs future after News Limited revealed that the club is also understood to be behind in Suncorp Stadium rental payments, as well as catering and agents’ fees, while…