After recent reports of Salford Red Devils’ financial woes, Super League is being ‘watched’ by the NRL per reports.
Australian intervention and investment in the English game has been a hot topic for much of the year with reports early in the season revealing possible plans for the NRL to buy Super League.
Whilst they quietened down, Australian investment was on the docket last week as it was reported that former NRL star Robbie Farah and his business partner had been approached about investment in London Broncos.
Shortly after, the extent of Salford’s finances would be revealed with the club requesting and being granted a £500,000 advance on their central funding after finding themselves with a major cash-flow problem.
Now, new reports are emerging Down Under from The Daily Telegraph about the ‘close eye’ that the NRL are keeping on the stability of Super League amidst clubs being offered to Australian consortiums.
Super League under watch of the NRL due to financial frailties
The Daily Telegraph reported that ‘at least two clubs have been offered to Australian consortiums and teams as they look to alleviate their money woes’.
One of those clubs is London Broncos with Robbie Farah linked to the prospects of buying a stake in the recently relegated side.
The other is Salford with at least one NRL side reportedly asked if they’d be interested in buying a stake in the club.
However, the Telegraph also reported that a consortium involving former Wests Tigers duo Lee Hagipantelis and Justin Pascoe had been asked about interest in investing in Super League clubs, but it is unclear if those clubs are Salford, London or others.
London Broncos suffered a financial hit when long-term investor David Hughes cut his association after 27 years, whilst Salford have fallen foul of their Council deal being held up and leaving them short.
The Broncos are still actively fundraising and searching for investors whilst Super League side Salford are having to cut cloth accordingly now that they’re in receipt of their £500,000 advance.