Barça Budget Counted On CL Success Liga MX Puebla Players Go Unpaid U.S. Firm Builds Up Stake In ManU CEO: Norway Fund Made Mistakes Bayern Boss Owed $33M In Tax Only Six Serie A Clubs In Profit Hoeneß Admits To Evading Taxes Manuka Oval Could Host Shield Final Cristiano Ronaldo Leads Goal's '14 Rich List LFP President Touts Recent Debt Reduction
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/February 25, 2014/Finance
National Rugby League To Invest $180M-Plus As It Seeks To Become Australia's Top Code
Published February 25, 2014
FUTURE FOCUS: In Brisbane, John Stensholt reported Australian Rugby League Commission board member Graeme Samuel will head a committee charged with overseeing an A$80M "future or 'sustainability'" fund. The fund will be "invested commercially and target returns" of at least 3-4% above CPI annually. It is "likely a fund manager will invest the funds on behalf of the sport," with Samuel heading a committee that will "oversee the investment." Smith said that A$30M spending "had already been identified," including A$2M to "improve the stadium experience for fans" and A$5M to assist NRL clubs to "recruit new and service existing members" (BRISBANE TIMES, 2/24).