AFL Port Adelaide To Play In China Kering Shares Hit 15-Year High Watford's Loan Signings Under Scrutiny AFL To Inject $20M For Player Welfare Lim, Ex-ManU Players To Open Hotels CA Exec Says Schedule Will Not Change Australian Open, WOWOW Expand Deal Inter Plans To Stop Losing Money CONMEBOL Seeks Damages From ISM Mino Raiola To Collect $29M For Pogba
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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).