With the NRL set to enter into negotiations to renew its lucrative partnership with Corcorant, it’s clear that the club’s future is now uncertain.
With the deal set to expire at the end of next season, it will now be up to the NRL to determine whether the NRL can offer the Corcorans the best possible value in a bid to save money and secure the franchise for another decade.
As part of that negotiations, it was also revealed that the NRL was considering extending the franchise until 2020.
That deal is the most lucrative and longest-running in the NRL, and will be the cornerstone of any future deal between the club and the company.
Corcoran was founded by billionaire Peter Corcorran in the late 1980s and has grown into a global property conglomerate that owns more than 2,000 properties in over 60 countries.
Corporations have been keen to expand their footprint in the Australian market, but the NRL has struggled to secure a foothold in Australia for the last few decades.
Its recent deals in the United States and South America have not been as successful, with the NFL not being a factor in the bidding process.
While the NRL is confident that the partnership will be viable in the future, the club is also mindful that the contract is only a two-year extension, with it set to be up for renewal after 2022.
So how much does the NRL expect to save in the long run?
According to the club, the NRL would expect to make a net profit of $1.6 billion in the first year of the contract.
In terms of long-term profitability, the total value of the NRL franchise would be estimated at about $1 billion, but that figure is likely to change once a number of key aspects of the agreement are factored in.
It is understood that the total figure will rise significantly if the NRL makes further changes to the agreement.
If the NRL were to extend the deal, the number of years the franchise would last would also increase.
According to one source, the franchise could be worth between $10 million and $20 million in the medium term.
However, that number is not yet known, because there is no contract written down in writing.
This is because, according to a source, a contract cannot be negotiated without the NRL receiving financial data on the club before a deal can be finalised.
So, the amount of money the NRL will have to make up in future years will depend on the number and type of changes that are proposed.
There are also some other significant changes that could occur to the franchise during the negotiation process.
There have been suggestions that the deal could see the NRL rebrand the club as the NRL Network.
According, a number or elements of the current deal have been removed and replaced with new ones, which have the potential to significantly change the club financially.
While there is also speculation that the current contract could be extended, there are also concerns that the team could be forced to sell assets in order to secure the deal.
As a result, the company’s total financial assets could drop from $3.8 billion to around $2.7 billion.
As the NRL prepares to enter negotiations to extend its deal with the Cororans, it is understood the NRL are looking to reduce the club to its bare minimum in order for it to make an agreement.
Corbett is set to remain the chief executive officer of the team until 2020, while Corcorann will continue to own all aspects of operations.
The deal was first agreed in 2011, with a 10-year term and $10.5 million per annum in earnings.
However it is believed that the terms of the deal have increased since then.
CorCorcorans assets are now worth more than $5.8 million per year, while its debt is around $3 million.
This deal is believed to be worth around $1 million per week, and is expected to be in the region of $50 million per season.
In order to keep the team afloat, it would be expected that the company would have to invest heavily in player development and recruiting.
While Corcorancy has invested in player recruitment in the past, it has also faced criticism from some fans over the last decade.
The club’s most recent financial results revealed that it had to reduce player recruitment and development budgets by $1,500,000 in the 2014/15 financial year, and by $500,00 per annumnum in the 2015/16 financial year.
In addition, the team’s management has been criticised by the Football Federation of Australia over the years for spending too much money on players and not being able to properly invest in its squad.
There is also a number who feel that the franchise has not been treated fairly by the NRL.
However the NRL insists that it has done all it can to improve the team.
“Corcorant has invested heavily in its team, developed a well-run and competitive program and is a key player in the development of the game in Australia