It has been revealed that the NRL could make a play for Leichhardt Oval after the NSW Premier announced on Tuesday that they“The NRL has come out this year and said ‘we’ve got $260 million in assets, we’ve just made $51 million in profit over the last year, we’ve got $700 million turnover’ and they are buying hotels, they’re buying different assets around the state,” Kent said.
Kent’s Daily Telegraph colleague Brent Read opposed the idea, wondering why the NRL would buy a “decrepit stadium that’s falling down”.They could buy the stadium and then they could put the $30 million in to give it the renovations it needs to just fix up some things.Well you don’t need to draw the line. If it doesn’t work as an asset, you don’t buy it.
Source: Loan Digest (loandigest.net)
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