www.theaustralian.com.au/news/sy ... 1115683624

www.theaustralian.com.au/news/sy ... 1115683624

penrith panthers has assets over $300 million, including leagues clubs in newcastle and elsehwere.

the storm do lose money. stop talking nonsense.

err no Panthers Group does. Penrith Panthers NRL club lost $4.1mill in 2008 and had to be "bailed" out by the Leagues club operations.

i was talking about the LC einstein

panthers LC has more assets than all the AFL clubs combined

get that up ya mate

There you go again with your AFL fixation!

Reality is the Penrtih Panthers NRL club does not have a sustainable income based on RL operations alone. They are no different to the Storm or 90% of other NRL teams in that respect. It's good they have a massive pokie machine chain sucking dole cheques out of the under classes of the Western Suburbs. if they had to rely on a fan base they'd be long gone.

Personally I'd rather my sports club be making $millions of profit than losing millions and relying on handouts, wherever they come from.

PL soccer clubs dont have sustainable incomes either based on their football operations.


Parra LC assets $50 - $100 million
Broncos LC assets $30 - $50 million
Saints LC assets $30 - 50 million

get those up ya mtate

I'm sure the Sharks claim to have hundreds of millions in assets as well, it's doing them alot of good!

Assets, schmassets. Yes they have massive infrastructure (all of which costs to maintain). However, if you were to look at the balance sheets for the last few years you would find after tax profit has dropped significantly. Some of the clubs under the Panthers umbrella (I think Wentworthville for example) made losses last year. Parramatta Leagues has some fairly decent assets, yet they made a loss last year too - something like $6 million IIRC.

Read the news and you will see both these clubs - infact most of the licenced clubs in NSW - are crying poor. While you're at it, have a read of many clubs - Wests and Parra in particular - expressing their concerns about how the loss of revenue will impact the future viability oftheir Rugby League clubs. Pokies are no longer the golden future of Rugby League. (And a damn good thing too as far as I'm concerned. There are way too many pensioners and low income earners gambling away their mortgage payments or the food off their family's tables)



No, they don't. Their revenue, including funds provided by their owner, meet their expenditure.
A [iloss [/iis what Parramatta have, when revenue raised from all sources (including their Leagues club) does not meet their expenditure.

their owner is leaving soon.

what happens then?

the storm are currently not financially viable. we all hope they become so.

NRL people have said if the storm arent viable within 5 years they will be killed off.

sydney clubs are lucky to have backers or leagues clubs.

if the storm cant cut their losses theyll need to find some sugar daddies

Wests Tigers - 3 LEagues Clubs - $100 million in assets.
Roosters LC - assets of $20 million
SSLC - assets of $10 million

get that up ya mate.

Assets don't mean much these days Dally. It's not the case of a Leagues Club selling assets to help a footy team. Those days, if they were ever here, are long gone.

West Tigers are struggling and that's with the backing of 3 Leagues Clubs.

Take a read Dally!


"Without this funding, the viability of nine of the current 16 teams would be in question."[/i

they keep saying LC are going broke whilst paying millions out to junior RL, community charities, CEOs etc.

they will just cut back non essential spending on other sports like soccer or union.

Parra LC has spent over $10 million on soccer in the past decade, and a similar amount on RU.

oh and :

North Sydney LC $25 million
CC LC $10 million
Wests LC Newcatle $10 million

get that up ya mate.

want to provide some evidence (links) for these figures? i keep showing evidence that LC are a dying source of revenue for NRl clubs and you keep making 5hit up!