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An interesting article on the financial position of the clubs, we made a small profit again and interesting to note we are not relying on any funding from the leagues club!
Looks like we would benefit from spending more money on our football department though!
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Behind a paywall and i am buggered if i will give murdoch money
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Can you paste the article?
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@cochise Yes you can make a profit when you spend nothing … just relying on what the NRL gives you shows in results … it is all good to run at a profit but if there is no real success what’s the point ,your just making up the numbers!
Maybe with take over of the Balmain club at Flemington and the not used pokie licences things will change …But IMO nothing much is going to change until the club decides what and where it wants to be ! This club needs an identity and a place to call home this is the most critical decision that needs to be made since its inception.
Yes it is a good thing that the club is making a profit but just making up the numbers is wearing a bit thin …sometimes you have to open the purse strings to gain success then in turn your finances improve! -
@Snake said in Financial situation of the clubs:
@cochise Yes you can make a profit when you spend nothing … just relying on what the NRL gives you shows in results … it is all good to run at a profit but if there is no real success what’s the point ,your just making up the numbers!
Maybe with take over of the Balmain club at Flemington and the not used pokie licences things will change …But IMO nothing much is going to change until the club decides what and where it wants to be ! This club needs an identity and a place to call home this is the most critical decision that needs to be made since its inception.
Yes it is a good thing that the club is making a profit but just making up the numbers is wearing a bit thin …sometimes you have to open the purse strings to gain success then in turn your finances improve!Nothing in your post that I can disagree with!
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@Roar_Power said in Financial situation of the clubs:
Can you paste the article?
The case for a second team in Brisbane has been given added weight after NRL benchmarking revealed the Broncos continued to enjoy a significant financial advantage over their rivals that allowed them to channel record sums into their football department and playing talent.
The NRL briefed club bosses on their financial benchmarking at last week’s chief executives meeting and are expected to distribute their final analysis in coming weeks.
A draft document shared with the clubs — and obtained by The Australian — reaffirms Brisbane’s standing as the game’s eminent financial force, while at the same time revealing that half the game’s 16 clubs broke even or recorded a profit in 2018 without leagues club support.
The Broncos remain a financial juggernaut, leaving their rivals for dead when it comes to money generated from sponsorship and membership. That allows them to divert millions into their football department.
The fresh figures come at a time when talk of a second team is at the top of the agenda for the NRL and ARL Commission. A two-day retreat in Sydney next week involving commissioners and the NRL executive’s team is expected to discuss the future shape of the competition and crucially whether the game needs a second team in Brisbane.
The figures in the NRL’s latest reporting would suggest the money is there to back a second side. Certainly the Broncos show few signs of slowing down, their commercial growth having progressed substantially over the past three years.
Significantly, half the game’s 16 clubs turned a profit in 2018 without leagues club support thanks to the increase in the grant from the governing body, a flow-on effect of the fresh broadcasting deal.
Of those to turn a loss, Penrith and Canterbury weren’t helped by the financial impact of parting ways with their coaches, The Panthers sacked Anthony Griffin midway through 2018 while the Bulldogs settled a legal dispute with former coach Des Hasler during the season.
Regardless, the Panthers lost more than $8 million according to the NRL document, having spent large chunks of money on their junior development safe in the knowledge that their affluent leagues club could pick up the tab.
While the belief is that football department expenditure correlates to success on the field, that wasn’t necessarily the case. Brisbane, the Sydney Roosters, Penrith and Canberra all spent more than $20 million on football-related matters in 2018. Of those sides, only the Raiders missed the finals. Yet South Sydney and Cronulla were among the lowest spenders in 2018 and both finished in the top four, the seasons of the Rabbitohs and Sharks coming to an end in the preliminary final.
Brisbane and the Bulldogs led the way on player expenditure, outlaying $12 million on their talent. The Gold Coast Titans, in comparison, spent less than $10 million.
The Titans also spent significantly less on non-player expenditure in comparison to the Broncos and Roosters, much of that chewed up by coaching staffs.
While then-Broncos coach Wayne Bennett and Roosters mentor Trent Robinson are among the highest paid coaches in the game, the Titans were under the guidance of Garth Brennan in 2018. Brennan was among the lowest-paid coaches in the game.
The Rabbitohs were also among the clubs to turn a profit without leagues club support, finishing 2018 more than $1.5 million the black.
The Titans and Broncos did likewise — Brisbane recorded a profit of more than $2 million. Thanks to the new broadcasting deal and the increased grant from head office, half the clubs in the game were able to break even or better.
Penrith were at the other end of the spectrum, their dire financial return along with that of the Bulldogs highlighting the cost of sacking coaches.
Once leagues clubs and third party contributions were factored in, only four clubs finished in the red — Canterbury, Manly Cronulla and the Panthers.
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Cheers for the link. Im actually surprised we’re as high as 9th in spending. But why isn’t WA contributing anymore? A couple of mill a year and we’re spending similar to souths and the chooks.
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Would be interesting to see the 2019 figures when/if they are made available.
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@gallagher said in Financial situation of the clubs:
Cheers for the link. Im actually surprised we’re as high as 9th in spending. But why isn’t WA contributing anymore? A couple of mill a year and we’re spending similar to souths and the chooks.
I think is the goal of the Wests Tigers to be self reliant!
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Not a sustainable model by the Panthers. Yikes.
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@cochise said in Financial situation of the clubs:
@gallagher said in Financial situation of the clubs:
Cheers for the link. Im actually surprised we’re as high as 9th in spending. But why isn’t WA contributing anymore? A couple of mill a year and we’re spending similar to souths and the chooks.
I think is the goal of the Wests Tigers to be self reliant!
Yeah, that’s often stated but I’d rather an onfield goal as a priority.
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@gallagher said in Financial situation of the clubs:
@cochise said in Financial situation of the clubs:
@gallagher said in Financial situation of the clubs:
Cheers for the link. Im actually surprised we’re as high as 9th in spending. But why isn’t WA contributing anymore? A couple of mill a year and we’re spending similar to souths and the chooks.
I think is the goal of the Wests Tigers to be self reliant!
Yeah, that’s often stated but I’d rather an onfield goal as a priority.
Agreed!
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@gallagher this is the most short sighted comment I think I’ve ever read on here ! Imagine wanted a few Ws on the board more than the long term financial and , by extension success of the club . You constantly whinge about the club and players not wanting to come here , and all the best players leaving , bla bla bla … Yet ! Have no real solution to fix these formerly systemic issues . Now that the club is starting to clear these issues , you still moan . I would be embarrassed if I were you .
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@Strongee said in Financial situation of the clubs:
@gallagher this is the most short sighted comment I think I’ve ever read on here ! Imagine wanted a few Ws on the board more than the long term financial and , by extension success of the club . You constantly whinge about the club and players not wanting to come here , and all the best players leaving , bla bla bla … Yet ! Have no real solution to fix these formerly systemic issues . Now that the club is starting to clear these issues , you still moan . I would be embarrassed if I were you .
What’s embarrassing about wanting the owners to put money into the club? Ashfield makes millions.
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@Strongee said in Financial situation of the clubs:
@gallagher this is the most short sighted comment I think I’ve ever read on here ! Imagine wanted a few Ws on the board more than the long term financial and , by extension success of the club . You constantly whinge about the club and players not wanting to come here , and all the best players leaving , bla bla bla … Yet ! Have no real solution to fix these formerly systemic issues . Now that the club is starting to clear these issues , you still moan . I would be embarrassed if I were you .
agree…a lot of players would look at what has happened to our club over the long term in regards to bad front office management and not want to come here. Yeah wins on the board are important, but it all starts from the top down.
