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NRL clubs receive $450k cash boost

NRL chief executive Dave Smith has announced clubs will receive an extra $450,000 next season, taking their annual grants from the code's governing body to $7.55 million.
NRL clubs receive $450k cash boost
by AAP

SYDNEY, Oct 15 AAP - NRL chief executive Dave Smith has announced clubs will receive an extra $450,000 next season, taking their annual grants from the code's governing body to $7.55 million.

The additional cash is available as an advance from future club funding and Smith said it's a key step in a strategic overhaul of the game's financial structures.

He said under the strategy the NRL administration will focus on generating significant profits outside of broadcast revenues to both fund the game's central administration and to diversify revenue streams and allow clubs to focus on growing their own long term sustainability.

"We have already undertaken the most detailed benchmarking exercise in the game's history," Smith said.

"We have a chance now to give clubs certainty for 2014 and plan where we can most effectively invest in growing the game in the years ahead.

"The club council recognises the importance of what we are trying to achieve and has been supportive of the process we are undertaking."


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