News

November 11, 2016

Sydney’s NRL clubs combine to lose $34 million in 2016

Email    Print Friendly and PDF

Sydney-based NRL clubs lost $34.1 million according to SBJ/SBG, who cites the Daily Telegraph.

Reportedly all Sydney clubs will operate at a loss for the 2016 season with five of the nine clubs posting larger losses than the previous year. Collectively all clubs will lose $4.5 million more than last year.

The breakdown begins with Parramatta announcing a record loss of $11 million for the season due mostly from the fallout of their salary cap misdemeanours.

Canterbury will reportedly lose $5.2 million which will be offset by a $4 million League’s Club grant.

Going further down the line:

  • South Sydney suffered a $4 million reversal in fortunes after posting a $1.4 million profit last year. This has been put down to higher investment into its football department and high-performance centre.
  • NRL premiers Cronulla to post a loss of $500,000.
  • Sydney Roosters to lose $3.2 million.
  • St George Illawarra lost $2 million which was underwritten by a Leagues Club grant.
  • Manly to lose $1.5 million due to their court dispute with previous major sponsor Coco Joy, and its parent company FAL Beverages, as they recoup sponsorship dollars.
  • Penrith and the Wests Tigers sustained operating losses of $5.4 million and $2.8 million, respectively.

Source: SBD/SBG


0 Comments


Be the first to comment!


You must be logged in to post a comment.

Scroll to the top of the page to login using your Facebook or Twitter account.
Alternatively, Login or Register here.



a-league-2016-17-summer-campaign
FFA confirms six year A-League broadcast deal with Fox Sports By Sports Business Insider at December 20, 2016
Apparel company BLK reportedly in receivership By Sports Business Insider at November 16, 2016
NAB take the naming rights to AFL Women’s League By Sports Business Insider at October 11, 2016
As of 2017, neither of Australia’s two expansion teams, the Western Force or Melbourne Rebels, had made the finals in their combined 17 attempts.
Australian Rugby Union’s wicked problem By Sports Business Insider at April 19, 2017
Jaro continues to go from strength to strength in 2017 By Sports Business Insider at April 11, 2017
Brizi helps Emirates delight Australian Open fans By Clint Vojdinoski at March 3, 2017
Rising Pune Supergiants Logo
Part 3: Nick Tsaousidis – An Aussie in India! By Sports Business Insider at March 16, 2017
Part 2: Nick Tsaousidis – An Aussie in India! By Sports Business Insider at March 2, 2017
Nick Tsaousidis – An Aussie in India! By Sports Business Insider at February 24, 2017
AFC Logo (2012_3x2)
Reigning AFC Champions League winners banned from the 2017 tournament By Sports Business Insider at January 19, 2017
San Diego Chargers expected to relocate back to LA By Sports Business Insider at January 12, 2017
NHL looks to increase presence in China By Sports Business Insider at January 10, 2017