NRL in talks about buying stake in Super League

Interesting idea. I wonder if they are looking at a bigger picture, to expand the global market for Rugby League? The SL has suffered because of its small geographical base. Perhaps two French teams, alongside two North American teams?? It would mean some of the traditional teams might have to merge or be feeder 2nd tier clubs, but you have to modernise to stay viable. The days of having teams in your top tier, such as Salford, with home crowds of around 3000 are gone as they are financially unsustainable. Keep the strong clubs like St Helens, Wigan, Leeds, both Hull clubs and possibly Warrington and then build new markets. Could work, but the English would have to see the greater picture.

Even changes in accounting standards agree with you HY!

"Now as EMCIE points out, not for profits organisations have to plough the cash back however there is nothing to prevent an investment of this size changing that basis." As someone on the board of an Aus NFP that seeded one in the UK there are a litany of hurdles that need to be cleared.

twas I think locally the ARL is a not for profit. There are a lot of hurdles to offshore investment for an Australian nfp, otherwise you have a pretty simple tax shelter.

You don't buy a mature business on a revenue multiple, it has to be some form of earnings. Outside of that banking on increasing the revenue from broadcasting as the model is disrupted would be lunacy.

Nope, the implied cost of the capital is the basis for discounting the return cashflows to know what you are expecting to generate based on the risk. You need to know the source to do that. Especially in John's query where the sources define a clear alternative investment case / opportunity cost. This is what should stop you investing $10 to make $15 when it cost's you another $3.00 in interest and the implied return on the equity was another $8.00 so you end up $6 under water. There is a touch of irony that that you're applying elements of the everything is the same metal box thinking as your mother in law. So If you are taking it from other businesses you have to consider the return or purpose of the growth/maintenance capital in those operations in assessing the opportunity. If it is excess equity (given the NRL’s “renovation” it would be a tough sell to suggest that) then a return in line with what the NRL feels it’s cost of capital is. If it is from the recent loans then you need to know if the loan was for the purpose of an acquisition war chest (in which case direct costing vs the acquisition), drawn funding (would then be redirecting money from the business units it was deployed in as per above) or liquidity to manage future risk (which then increases the financial risk of the competition). That said didn’t this site talk about how the ESL was going to be sold to a VC firm? I feel like the ESL is looking for any options and every single discussion is being prematurely reported upon.

Or any one who ate Tabbouleh can play for Lebanon.

Well when you send them back put on the Post Card, Return to sender- Ireland - Return postage not paid. Return to sender - Bootle - Liverpool.

Hard Yards, Well good “Pork Growller” still knocks spots of the Aussie Meat pies made predominantly by Vietmanese Bakers in Oz anyday. Let’s not mention the Beer or better known as crap Lager? If “Great Northern “ your’e best brew, I give up.

Walter, What amazes me is the fact Mr Argyle made money here in Oz with mining. You don’t have to “Einstein” to realise that money would better spent building the game of Rugby League here in Western Australia. The other version of Rugby out here is good impersonation of “Billy Smart Circus”. Only difference Billy had a lot more winners!!

Well it’s a bit like Super Yawion here with its joke teams. Seriously? It’s also a bit like Scottish Football if your’e not Scottish or if anyone who’s not Australian admitting AFL is a serious code? On another note which other Rugby Club has produced Stellar Rugby Players like the Burgess Boys & Whitehead & Bateman off its conveyer belt? They’d walk into any of the National Rugby Yawion clubs whether it’s here or in the Motherland. Plus there not Pacific Islanders, or NZ players who been on a Paddy’s Day outing, so there in the squad? Pure British Beef, produced in Bradford.

The Australian give the game far more coverage than deserved. Pretty sure that is universal across Australian media outlets. Union has become unpopular because Australians do not like the game as much as other games. Not because the media chokes the game as in UK. I think you probably know that.

Good for you Walter. Why not make it a public company and see how many good hard working Australians put their hard earned into it. It's laughable.

John, it was easier with brown paper bags. Fancy walking into the Grotto Capri and pulling out a metal box from under your old pin striped double breasted jacket.

So the NRL didn’t have enough money to pay the players their full salaries for 2020 due to COVID19 hampering the TV deal and they had to cut a heap of fat from NRL Hq because under Greenberg and previous administrators had become grossly overweight. But they have enough cash to be buying half of Super League?

Matth, didn't the NRL say a few years ago they wouldn't invest in any NRL teams after selling the knights. Half the English teams are privately owned and struggle to make profit so why would you suddenly want to do this. When the NRL went cap in hand to CH 9 for the broadcast rights i bet this wasn't on the agenda tabled . V'Landys might be the white haired boy of the racing industry but super league is one sport I wouldn't touch with a barge pole.

Yes they compete for one-off games. When it e tended to more than just their best team snd to a series of matches it got real ugly

If I found an opportunity that paid me a $15 a year for every $10 I invest then yes, where I get the $10 from is almost trivial and I think corporate finance would tell you the same. It all comes down to the opportunity.

The source of funds is trivial? Gee well there goes decades of corporate finance fundamentals

But the Poms love the World Club Challenge and haven't been that embarrassed over the years.