I'm no apologist for HBG but Is it?
From the 2025 financial report (the most recent):
Note 2 page 37
Revenue
Grant - NRL $20,041.818
Grant - Other $3,035,552 *
Sponsorship - $7,431,909 *
Merchandise Sales - $1,592146 * (Consolidated less Parent)
Member subscriptions - $1,877,973 *...