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.