Snippets cited by the NRL during various court cases involving the NRL. See below example:
It is the responsibility of the central sporting administration to manage and grow the commercial interests of the sport (the NRL had grown revenue from $20 million in 1990 to over $500 million in 2018)
It is in the interests of all participants – including clubs and players – for the commercial interests of the sport to be protected
The sport’s reputation and its commercial value are intrinsically linked
It could be argued the running of the club and governance issues has impacted the commercial interests of the NRL and/or the Wests Tigers reputation amongst it's own fans has now impacted the NRL's commercial interests - less members, less crowds, media drama, less merchandise sales impacting royalties etc.
The full participation agreement is not public and that is common k owledge...I'm sure you were trying to find a gotcha on that one, but the snippets the NRL has used to argue certain cases before are cited above. It's not my opinion.