Good evening
It has been reported this afternoon (23/02/24) via New Corp:
The NRL has made the momentous decision to explore the unprecedented prospect of buying the English Super League. In what would prove a historic and game-changing investment, it is understood the NRL has started investigating the financial viability of taking over control of both competitions on opposite sides of the world.
The purchase, promotion and reinvestment of much-needed funds into rugby league in the UK could be next.
The English Super League competition, and many of its clubs, has a long history of financial stress and threat of insolvency.
Albeit premature, the purchase could lead to the alignment of both competitions where it raises the likelihood of the best NRL and English Super League players traversing between both competitions in a single season.
It’s understood the NRL would also look at creating a ‘sister city’ model where a Super League club is aligned in its feeder system and development of players with an NRL club.
The shock development has emerged after this masthead learned that the NRL has been approached by a third-party about the possible acquisition of the English rugby league competition.
The approach has emerged in the wake of the NRL announcing an operating surplus of $58.2 million after generating more than $700m revenue for a record-breaking 2023 season in which television viewers, attendances and participation figures were all up.
The NRL also now has assets totalling $260m, which includes the acquisition of Gambaro Hotel in Brisbane, but not the more recent purchase of hotels at Cronulla and on the Sunshine Coast.
All this comes after being on the brink of insolvency when the competition was shut down during the outbreak of Covid-19 in 2020.
The possibility of the NRL taking over control of the English Super League has already been met with support by Fox League expert Matty Johns.
“The rumour I’m hearing and it’s getting stronger is that the NRL is seriously looking to possibly buy the English Rugby League,’’ Johns said on SEN’s Joel and Fletch program.
“And that way it broadens the base and it adds to the depth of both competitions because players can go over and have guest stints.
It has been reported this afternoon (23/02/24) via New Corp:
The NRL has made the momentous decision to explore the unprecedented prospect of buying the English Super League. In what would prove a historic and game-changing investment, it is understood the NRL has started investigating the financial viability of taking over control of both competitions on opposite sides of the world.
The purchase, promotion and reinvestment of much-needed funds into rugby league in the UK could be next.
The English Super League competition, and many of its clubs, has a long history of financial stress and threat of insolvency.
Albeit premature, the purchase could lead to the alignment of both competitions where it raises the likelihood of the best NRL and English Super League players traversing between both competitions in a single season.
It’s understood the NRL would also look at creating a ‘sister city’ model where a Super League club is aligned in its feeder system and development of players with an NRL club.
The shock development has emerged after this masthead learned that the NRL has been approached by a third-party about the possible acquisition of the English rugby league competition.
The approach has emerged in the wake of the NRL announcing an operating surplus of $58.2 million after generating more than $700m revenue for a record-breaking 2023 season in which television viewers, attendances and participation figures were all up.
The NRL also now has assets totalling $260m, which includes the acquisition of Gambaro Hotel in Brisbane, but not the more recent purchase of hotels at Cronulla and on the Sunshine Coast.
All this comes after being on the brink of insolvency when the competition was shut down during the outbreak of Covid-19 in 2020.
The possibility of the NRL taking over control of the English Super League has already been met with support by Fox League expert Matty Johns.
“The rumour I’m hearing and it’s getting stronger is that the NRL is seriously looking to possibly buy the English Rugby League,’’ Johns said on SEN’s Joel and Fletch program.
“And that way it broadens the base and it adds to the depth of both competitions because players can go over and have guest stints.