Funding Proposal for NRL Women's Rugby League Initiative

The report discusses NRL's initiative to expand Telstra Women's Premiership rivalry and the financial requirements for the same. It also justifies why the company should spend on the program and provides recommendations for further funds.

Funding Proposal

EXECUTIVE SUMMARY
The report consists of the company NRL which is termed as National Rugby League. Then
from this the welfare system for the women’s have been started which in turn will benefit to
grow the organisation and will help in sustaining for the long – term and gain the profitability
more. The organisation’s financial situation is well versed compared to the previous year. It will
also grow and enhance the goodwill of the company across the globe that it is giving such a bug
opportunity to women and make their career and play for their respective countries.

Contents
EXECUTIVE SUMMARY.............................................................................................................2
MAIN BODY..................................................................................................................................4
Background of company and Financial Situation of the same....................................................4
Event which is being taken up.....................................................................................................4
Key Financial Figures..................................................................................................................5
Justification as to why the company should spend on the program............................................7
Is there a requirement for further funds, provide recommendations?.........................................7
REFERENCES................................................................................................................................8

MAIN BODY
Background of company and Financial Situation of the same.
Established in 1998, the National Rugby League (NRL) is the main rugby affiliation club
contest in Australia and New Zealand. It contains a few clubs contending from the main Sydney
Club Rugby Association, which has been running consistently since around 1908. A different
gathering from New Zealand likewise took part in the affiliation. The NRL saw the Australian
Rugby League (ARL) and the Premier League constrained by media monster News Corp as a
consolidated relationship in the outcome of the Premier League fight during the 1990s, after the
two affiliations filled in as their partners in the Premier League in 1997. The association was
disbanded in February 2012 and control of the NRL was completely given over to the restored
ARL, which was rebuilt by an independent senior administration and renamed the Australian
Rugby League Commission (Edwards and et.al., 2021).
NRL matches are held in Australia and New Zealand from March to October. The season
finished with the well-known decision game NRL Grand Finals, frequently one of Australia's
most renowned games. Similarly, the NRL's senior associations contend in the World Club
Challenge, against the legends of the Premier League. The top Premier is the Penrith Panthers,
who completed the 2021 season with their third success.
NRL has 706 employees approximately and by generating around $ 575.1 million revenue
turnover. It has hike up from the previous years’ revenue which consists the growth of the
sponsorship revenues and the media rights revenue. The operating expenses that has incurred by
the company is $ 158.7 due to an increase in the revenue expenditure. In the year 2021, the
company has gained a surplus income of $ 43057 with an increase and disabling the deficits of
the last years.
Event which is being taken up.
New events are being taken up by the NRL to gain the trust and interests of new audience.
This will guarantee that the sport will grow and as new people are interested the business will be
able to earn better profits for a prolonged time. The key to gain new audience is to hold new
events and initiatives which would be more and more interesting for the audience (Huang, Su
and Lai, 2021). One such initiative which is being taken up by NRL is the women’s participation

in Rugby league. The NRL has declared an expanded Telstra Women's Premiership rivalry, with
the Parramatta Eels, Gold Coast Titans, and Newcastle Knights joining the current NRLW clubs
Brisbane Broncos, Sydney Roosters, and St George Illawarra Dragons. Semi-finals will be
challenged without precedent for the NRLW as a feature of the expanded rivalry. The 2021 NRL
Telstra Women's Premiership has been delayed until the start of 2022 on the grounds that to
boundary and wellbeing constraints that disallowed various players from contending. This
suggests that in 2022, two NRLW Premierships, State of Origin, the ladies' World Cup, and State
Leagues will be essential for a drawn out timetable of first class ladies' rugby association. The
choice to defer the 2021 NRLW rivalry until the New Year of 2022 allows the best opportunity
for the six groups to complete a protected and full season with little unsettling influence to the
players' and care staff's lives, while likewise permitting all groups to play before their home fan
bases. The NRL Telstra Women's Premiership, which was postponed for 2021, will currently
initiate on February 27, 2022.
As part of the 15th Harvey Norman Women in League Round, the game recognised almost
500,000 women and girls active in rugby league at all levels. Play Your Part will be the subject
of this year's round, emphasising that everyone has a role to play in recognising and expanding
possibilities for women in our sport and community. Women in rugby league, from elite players
to volunteers at small teams, were honoured through a collaboration between broadcasters and
the game. The Commission has made increasing opportunities for women in the game at all
levels and a priority (Komrokji and et.al., 2021).
Key Financial Figures.
Organisations put a lot of cash to keep their activities working without a hitch.
Nonetheless, organizations can't keep on spending unreasonably or not the slightest bit. First off,
it very well may be guaranteed that cash is the present fuel for business, however its
administration is similarly vital for organizations to succeed. One of the most basic pieces of a
business is funding. With enormous amounts of cash, a consistent progression of money, and
continuous exchanges, controlling and observing all of the previously mentioned is fundamental.
As a general rule, monetary administration essentially affects navigation (Mendes and et.al.,
2020).

As the NRL organisation is holding the initiative of NRLW in the coming year, the
business is required to fund its processes and manage how the finance will be flowing in and out
of the events.
The financial requirements of the women’s tournament which will be happening in June,
2022 will be as follows:
Expenditure:
Event, Game and Sponsorship 110000
Community and Player Welfare 7380
Administration 14000
Insurance and Finance 11500
Total Expenditure 142,880
Total Revenue: 208,000
Expected Surplus: 65,120
The business of NRL can fund these financial requirements using following factors:
Crowdfunding: NRL will simply post data about the thrilling new occasion, lay out a
raising support objective, and request that potential participants resolve to buy a ticket assuming
it is held. In the event that there isn't sufficient premium and they don't arrive at their objective,
the cash swore is delivered. Accordingly, it is a gamble free 'venture' for both the members and
the coordinator, who doesn't need to risk their own cash. Notwithstanding, while the method is
clear, getting ticket purchasers isn't that direct all the time (Oren and Schink, 2020).
Angel Investor: Wealthy individuals or groups of people seeking for investment
possibilities are known as angel investors. NRL might contact such investors to see if they are
ready to support the programme.
Bank loan: Banks aren't as willing to give out loans as they once were, and they're hesitant
to lend against an event, but because NRL has an established track record, a business loan may
be an option.
Advance ticket sales: The NRL can start selling tickets far before the scheduled event date
by using an event-ticketing platform. Not only does this allow test to see whether the event
concept is viable, but it also provides them with some working cash.

Sponsorship: Corporate sponsorship is a very successful method to support crucial aspects
of the event, and the great majority of events use it. Sponsors, on the other hand, frequently join
after the event has begun to take shape (Piatek, Ning and Touchette, 2020).
Justification as to why the company should spend on the program.
The organisation should be keen to investment and spend on the initiative that has been taken
because it will enhance the growth of the company and it will be able to sustain more and more
opportunities for growth will be given through this investment. It also sustains the views of the
match that where the money is beg utilised that is earned by the business. So, for this the proper
expenditure budget and the profit should be provided of estimated costs that the business entity
will incur (Pimenta and Pedrosa, 2021).
Is there a requirement for further funds, provide recommendations?
If further requirement would be there for the company, then the organisation should be well
versed that the it is able to invest and gain money at the time when it wants and requires. For it
the suggestion would be that the company now should focus the one initiative that will be
beneficial for the company. By diverting its focus on more other program it could lose its
efficiency of working (Rooper and et.al., 2021).

REFERENCES
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Komrokji, R and et.al., 2021. Validation of the international working group proposal for SF3B1
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Piatek, O.I., Ning, J.C.M. and Touchette, D.R., 2020. National drug shortages worsen during
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Pimenta, D. and Pedrosa, I., 2021, June. Business Intelligence application in the allocation of
European funds in the Autonomous Region of Madeira: A content analysis proposal
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Rooper, L.M and et.al., 2021. Salivary mucinous adenocarcinoma is a histologically diverse
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