Don't the leagues clubs give the money in advance? So if they've lost $3-4m that's inclusive of what clubs have given them? Can someone clarify?

I read that once but I think it was highlighting that they lost the money without input from the gambling addicts.

If a RL club wanted to make a fortune in this country buy their local Gala bingo (also makes a fortune with slot machines). My mate was the manager there in Warrington not so long ago and the amounts turned over a night were staggering! Huuuge place that serves food, alcohol and the top prize in a night is about £130,000 (rarely won though although it went twice last week, saw people piling out of there with champaigne).

The travel thing was a good point actually Dally, didn't think about that.

We'll see how they go this year but teams can't go on losing like that, if that was SL they'd be bust

They don't lose anything, they operate on a budget that they have. A part of that income is currently made up from their owners financial support. What we will see when News leave is that slice of income disappear. One of two things will happen, A) They will cut their spending accordingly and be dragged back to the pack or B) They will increase income in other areas and stay as the top club in the NRL.



You have to remember that 1. They have no FTA coverage in their home state and that has to impact on corporate support and 2. They have been playing in a woefully inadequate stadium. 2. is certainly about to change and will see more fans and mores corporates attending games and hopefully one day the NRL will grow some and sort out the FTA issue.

no.



what the sydney clubs lose their LC cover.



if the LC cut the annual grant, then the football club spend less so the loss is less.

moving to the new stadium should help a lot.



but then again this is with a very succesful team winning GFs.



what happens when they dont and slip down the table.

no doubt there crowds will go down, if and when that happens, but in the short term they will hopefully go up in the new ground. It has taken over a decade but they are finally getting established in the most challenging environment for RL in the world. Over 900,000 Victorians tuned in for the GF. Shows what there potential is.



Brisbane have been able to remain a top team for ever and I can see the Storm being the same, if they can make up the News Ltd funding when it is reduced.

Our budget is governed by how much the Leagues Club will contribute (as well as sponsors etc) for the following season. Is it different for NRL clubs?



So, the question still stands. Does a $3m loss include the monies already forked out by Leagues Clubs? Anyone?

the answer is no it doesnt include it



if a footy club loses 3 million, that is the money that needs to be covered by external sources



if the LC say to the footy club your grant is 3 million, then with no other external revenue sources the footy club will lose 3 million ie expenses over evenues by 3 million, the loss covered by the LC grant

just think of the LC grant as additional revenue source which means that the footys clubs expenses are all paid for ie the grant covers the shortfall in revenues.

the same as the Storm, yet I hear no one death riding clubs that are reliant on these other external sources of income.

news ltd are soon leaving the storm on their own.



all the LC aint go anywhere



get out of the sun for a while, sit down and think about what this means



if the storm dont become self sufficient soon, the game wont cover their loses.



a massive cut in funding will mean a very poor side and crowds will drop.

not quite! News have said they will not just leave them (they can't as they have an agreement with the Vic Govt to guarantee their survival). If after 6 years (the suggested time News wants them propping up) then fair enough. In that time I predict LC profits will contniue to follow the same dramatic pattern fo the last few years and also some sugar daddies pockets may have got longer. I see Storm at no more risk over the next 6 years than probably 5 or 6 clubs in the NRL.