NRL to splurge $40 million to save clubs

In an attempt to save all 16 NRL clubs during the COVID-19 pandemic, the NRL will be providing each club with emergency funds.

Each team will receive a lump sum of $2.5 million to cover costs from April to October, instead of their monthly grant of $1.1 million.

The NRL have had to reduce operating costs by 53%, alongside a 25% cut in executive salaries. It was also announced recently that NRL CEO Todd Greenberg would be taking leave without pay.

The Rugby League Players Association have agreed to an interim 75 per cent pay cut for NRL players with hopes the competition will resume by July 1st.

“We have a consolidated plan and working with the clubs and players, are united in our efforts to do all we can to protect rugby league,” Australian Rugby League Commission Chairman Peter V’landys told Fox Sports.

“We had no option but to stop the competition in the wake of advice from our biosecurity and pandemic expert but remain optimistic that the season will restart as quickly as possible, ideally by July 1st.

“If that isn’t possible, then we need to be prepared for that option as well, and are making the tough financial decisions now to reduce costs to ensure we get through this crisis.”

avatar
  Subscribe  
Notify of