ARLC chairman Peter V'landys and NRL CEO Todd Greenberg. Picture: Joel Carrett/AAP
ARLC chairman Peter V'landys and NRL CEO Todd Greenberg. Picture: Joel Carrett/AAP

NRL’s $40m survival package revealed

The NRL has agreed to hand out $40 million in emergency funding to its 16 clubs to survive the coronavirus crisis.

In a phone hook-up among chief executives and club chairs, ARL Commission boss Peter V'landys announced each club would receive a payment of $2.5 million.

This funding is separate to player payments and will help most clubs survive until the resumption of the competition.

 

Relive classic NRL matches from the 60s to today on KAYO SPORTS. New to Kayo? Get your 14-day free trial & start streaming instantly >

 

Players will be paid separately 50 per cent of the contracted wage over the next seven months until October.

The one-off $2.5 million payment replaces the monthly $1.1 million grant to the clubs.

"It was as good an outcome as we could have hoped for," said one chief executive.

"It's going to be extremely tight until we get a resumption in play, but the clubs were happy with the deal."

V'landys told the clubs the current cost structure in the NRL was unsustainable and pointed to significant cost-cutting, starting at the NRL.

The $2.5 million grants will be increased later in the year if the television networks - Fox Sports and Channel 9 - resume their payment schedules.

V'landys remains hopeful of a July 1 resumption, even if it means airlifting every footballer to Gladstone to play out the season.

 

Originally published as NRL's $40m survival package revealed



Man arrested over alleged break-in, police seek accomplices

premium_icon Man arrested over alleged break-in, police seek accomplices

Man charged with aggravated break and enter offences

REVEALED: What to expect from your local on Monday

premium_icon REVEALED: What to expect from your local on Monday

THE time has come to grab your friends, head down to the pub, enjoy a cold one and...

Local Aboriginal feature on the Pacific Highway trail

premium_icon Local Aboriginal feature on the Pacific Highway trail

Ten artists from the Coffs Coast are set to feature in an Aboriginal art trail...