Mr Invisible
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via Daily Telegraph/Rothfield
POLITIS POINTS TO NRL FUTURE RICH IN ASSETS
THE NRL has turned to one of its harshest critics to build a financial investment strategy to secure the long-term future of rugby league.
Independent Commission chairman Peter Beattie and CEO Todd Greenberg met with the Roosters’ billionaire supremo Nick Politis on Thursday for discussions on revenue-raising.
“Nick’s been quite persistent about the game having a long-term investment strategy,” Beattie said. “He’s been incredibly successful and we’re going to use every idea he’s got. I totally agree with him that this should have been done years ago. We’re going to be in a much better position as a game if we can make a fraction of the money Nick’s made over the years.”
Independent commissioner Gary Weiss has been put in charge of looking at investment and potential asset strategies as the game approaches an era when media companies can no longer be guaranteed to come up with multibillion-dollar offers for broadcasting rights.
Another commissioner, Peter V’landys, who has built NSW racing into a position of financial strength over the past decade, will also be involved in the purchasing of assets.
It is all aimed at fighting off the threats in grassroots football from soccer and a cashed-up AFL, which made a $60 million profit last year.
“We have to put some money into some revenue-bearing asset,” Beattie said. “We don’t have a lot of money, we don’t even own our building, but we can take a long-term approach to this. Nick had some very good ideas on how we can build over time.”
POLITIS POINTS TO NRL FUTURE RICH IN ASSETS
THE NRL has turned to one of its harshest critics to build a financial investment strategy to secure the long-term future of rugby league.
Independent Commission chairman Peter Beattie and CEO Todd Greenberg met with the Roosters’ billionaire supremo Nick Politis on Thursday for discussions on revenue-raising.
“Nick’s been quite persistent about the game having a long-term investment strategy,” Beattie said. “He’s been incredibly successful and we’re going to use every idea he’s got. I totally agree with him that this should have been done years ago. We’re going to be in a much better position as a game if we can make a fraction of the money Nick’s made over the years.”
Independent commissioner Gary Weiss has been put in charge of looking at investment and potential asset strategies as the game approaches an era when media companies can no longer be guaranteed to come up with multibillion-dollar offers for broadcasting rights.
Another commissioner, Peter V’landys, who has built NSW racing into a position of financial strength over the past decade, will also be involved in the purchasing of assets.
It is all aimed at fighting off the threats in grassroots football from soccer and a cashed-up AFL, which made a $60 million profit last year.
“We have to put some money into some revenue-bearing asset,” Beattie said. “We don’t have a lot of money, we don’t even own our building, but we can take a long-term approach to this. Nick had some very good ideas on how we can build over time.”