NRL Rich List: The winners and losers from rugby league’s financial arms race
CANBERRA
The licence for the Raiders is owned by Canberra District Rugby League Football Club Limited, an entity with revenues of more than $92 million last season thanks to a network of leagues club throughout the nation’s capital and surrounding areas. The club has assets of more than $140 million and raked in a profit of more than $17 million last year, which allowed them to spend nearly $5 million on rugby league in the region. The Raiders are flushed with money – they have $52 million in cash burning a hole in their pocket according to last year’s financial reports. As well as their leagues club assets, they also own a sports club, a restaurant and a land development.
Read more: https://www.dailytelegraph.com.au/sport ... rYimrLCWdR
NRL Rich List
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- LimeGreenMachine
- Brett Mullins
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- LimeGreenMachine
- Brett Mullins
- Posts: 1696
- Joined: January 5, 2019, 10:09 am
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Re: NRL Rich List
Top rating is 5 dollar signs
We got 4 dollar signs .
So... I don't know
We got 4 dollar signs .
So... I don't know
Re: NRL Rich List
This article is pretty old now, the DT keep recycling it. It is quite a flawed article. That doesn’t really seem to show a comprehensive understanding of the Raiders Group and their assets.
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- Brett Mullins
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Re: NRL Rich List
This seems in keeping with general DT reporting. They are embarrassing.
- Northern Raider
- Mal Meninga
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Re: NRL Rich List
It's misrepresenting a lot of the clubs. Raiders effectively own themselves and with such large asset base and revenue stream they are as financially strong as any club can be. A number of other teams in this category too. The article confuses financial stability of clubs with that of wealthy benefactors. E.g. Roosters are on top of the list mainly because of Politis' personal wealth.
* The author assumes no responsibility for the topicality, correctness, completeness or quality of information provided.
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- Mal Meninga
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