AFL Clubs Rebel Against 'KFC' Tax Chime Poised To Be Sold For $546M NZ Rugby Eyeing Return Trip To Chicago BT Records Strong Q1 Growth In TV Providence, WPP To Take Over Chime Wayne Rooney Tops Wealth-X's EPL List Sky Adds 1 Million European Customers Lone Star Buys Quintain For $1 Billion ITV Expects Increase In Ad Revenue Anzhi Makhachkala Russia's Most Profitable
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
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
WANT MORE GREAT STORIES LIKE THIS?
CLICK ON ONE OF THESE BUTTONS
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).