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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
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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).