Eels' kit is now worth nearly $2 million

PARRAMATTA'S ordinary start to the season has not diminished the club's bargaining power with sponsors, with the Eels last week wrapping up their shorts sponsorship for a cool $450,000 a season.

The Eels will later this week announce two-year deals (with two-year options) for Modern Solar and a major liquor outlet to appear on the front and back of the shorts.

Combined with jersey sponsors Pirtek and Painaway, the Eels' kit is now worth nearly $2 million - about double what the same property was generating 12 months ago.

The swollen revenue will see Parramatta Leagues Club slash its football grant from $4 million to $1.9 million next season in a bid to get the licensed venue back on track following the record $9 million loss in 2008.

 

http://www.dailytelegraph.com.au/sport/nrl/johnny-mannah-back-in-training/story-e6frexnr-1225852898049

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  • I spoke to Syd Kelly before the election and before the official books were released we were both of the opinion that this was likely due to write off's in commercial property developments. Whilst there was a large negative sign at the bottom if the reports operation's at the leagues club turned a profit in 2008/2009 and there is nothing to worry about.
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