Australia Rugby League to invest heavily in development

Sydney, Feb 24: Australia’s National Rugby League (NRL) Monday announced plans to invest more than $179 million in the development of the league over the next four years.

NRL Chief Executive Officer Dave Smith, who released the organisation’s annual report at its annual general meeting in Sydney Monday, said the investment would be made in areas which will generate “strong commercial returns”, reports Xinhua.

The NRL posted a record profit of $44.5 million for 2013, representing a $53.8 million turnaround from 2012 on the back of a broadcast deal.

“Our results show that rugby league is investing more in the game than ever before and now (it) is truly positioned to enter a period of growth that will make it the strongest and healthiest it has ever been,” he said in a statement.