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SBD Global/October 16, 2013/Finance
Some National Rugby League Clubs Still Not Happy With 'Much-Needed' Cash Grant
Published October 16, 2013
TAKING EFFECT: In Sydney, McDonald & Read reported the "comprehensive financial restructure will be unveiled in April" and take effect in '15. As the NRL's financial year draws to a close on Oct. 31, the funding announced will help clubs such as Wests Tigers, Cronulla and St. George Illawarra, which "are in a more perilous state than others." North Queensland Chair Peter Jourdain was pleased with the NRL's "fair-minded thinking." Jourdain said, "We've been discussing this with them over the last few weeks, so it's a good result for where we're at. This is a fair compromise to allow the clubs to get on and fund the increase in the salary cap next year and the NRL to work through the whole of game funding" (THE AUSTRALIAN, 10/16).