Re: IMG Recommendations for British RL : Fri Sep 30, 2022 1:31 am
I understand all about investing in sports clubs. I was involved in sourcing funding for a basketball team some years ago from a bunch of high net worth investors. The thing is though that even a loss-making sporting team can be of interest to people with real money, if nothing else for tax purposes. But it has to be an attractive, high-profile thing to invest in. The pitch will be also be that if you can grow the sport enough, you can make a lot of money if you sell out later, even if clubs aren't making big profits during the growth phase.
Those two reasons are why mega-wealthy people are pouring cash into the Football Championship, probably the most financially unsustainable competition in world sport.
We can't replicate all of that, as clearly we don't have a Premiership pot of gold. But I think RL needs to try to attract some of this money, as there's simply not enough money in the game to be able to just magic up major improvements organically. Otherwise we're just reorganizing chairs on the Titanic.
