NRL Financial Struggle for Clubs
A report by the Sydney Morning Herald today (www.smh.com.au) suggests that NRL clubs overall are struggling to turn a profit without the injection of funds from their powerful Leagues clubs.
Clubs such as: Manly, Wests Tigers and South Sydney are suggested to be struggling big time with turning a profit - these particular clubs all fighting over the crowded Sydney NRL market.
Several key NRL Figures including David Gallop seem to think that at least one team in Sydney will fold or have to relocate to ensure they are successful and that the competition continues to thrive.
The Brisbane Broncos remain a clear winning in terms of profit and on-going revenue - bringing in around 20 million a year and have some left over at the end. A model that other NRL clubs would only dream about. Brisbane currently enjoying good results and a 1 team town - all ingredients for NRL success.
Clubs such as Cronulla are relying on not only League club grants but Goverment grants - and fortunately for the Cronulla Sharks - they have property around their home ground that is ripe for development and will continue to keep their future safe.
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