The NRL has since reached into its coffers to provide grants to all 16 clubs to keep them afloat but they have now secured a line of credit from a consortium of British banks.Advertisement
The money has been brokered by London firm Oakwell Sports Advisory as the NRL struggled to find a financial backer on Australian soil due to a lack of assets.The AFL, in contrast, was able to secure a $600m loan from NAB and ANZ thanks to its ownership of Melbourne's Marvel Stadium. An NRL source said the $250m loan would be one of a handful of options presented to the ARL Commission at a meeting next week.
They don’t derserve it. They are funded on the back of gambling money. Bringing misery and violence to households.
aconvict UHUH! And what assets are their collateral, pray 🤨🤨🤨
How could League, which generates so much gambling and advertising money, ‘fall into financial ruin’? I find it hysterical 😂 Where did all the money go? Who’s got it? This has all got a very unsavoury smell about it.
Rrrrrrrr ummm. So where's the tens/hundreds of MILLIONS gone this last yr or so. Tax haven / squandered/ exec salaries,expenses / horse racing............where. Would love to see a legit AUDIT.
Just sell the NRL to Lamello Ball and his Dad.
Zombie company.
Bugger! 😏
Lucky Sydney has knocked down its major stadiums, it can eventually build them covid compliant for their fans who be constantly being reinfected.
But not into disrepute. moronsthelot NRL NRLonNine FOXNRL 100percentfooty SundayFootyShow ContinuousCallTeam Look forward to hearing some sense on next weeks bludgingontheblindside smh australian
Good for them. Good luck convincing supporters to keep paying their memberships etc while they can't go to work, can't go out, can't afford the basics, can't pay rent. etc. x
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Source: wwos - 🏆 12. / 68 Read more »