The Sunday Telegraph (Sydney) - - SPORT -

THE NRL still hasn’t se­cured the $30 mil­lion bank loan it so des­per­ately needs to fund the 16 premier­ship clubs, with the first in­stal­ment of grants due to be paid by the end of next month.

So far, the NRL has been knocked back by sev­eral lenders but is still in ne­go­ti­a­tions with a lead­ing bank. Time is fast run­ning out.

Many of the clubs rely on the grants to keep their own busi­nesses run­ning.

It is as­ton­ish­ing that the game re­mains in such a fi­nan­cial mess yet the NRL is about to em­ploy 35 new staff mem­bers for its dig­i­tal me­dia depart­ment.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.