TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Brisbane Broncos Limited ( (AU:BBL) ) has shared an announcement.
Brisbane Broncos Limited has announced the Australian Rugby League Commission’s agreement with the Australian Government to fund a ten-year Pacific Rugby League Partnership. This initiative will introduce a Papua New Guinea-based team to the NRL Telstra Premiership Competition. As part of this expansion, the ARLC will distribute $4 million to the existing seventeen NRL clubs, with the first installment of $1.75 million being paid in April 2025. This expansion is expected to enhance the league’s reach and provide financial benefits to the current clubs.
More about Brisbane Broncos Limited
Brisbane Broncos Limited operates in the sports industry, primarily focusing on rugby league. The company is involved in the National Rugby League (NRL) competition, providing entertainment and sports services to its audience.
YTD Price Performance: 6.99%
Average Trading Volume: 9,514
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$97.55M
Learn more about BBL stock on TipRanks’ Stock Analysis page.