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What is the best kind of legal structure for an Australian NRL team?

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Teams in the NRL are typically proprietary limited (South Sydney), listed on the stock exchange (Brisbane Bronco’s only), and companies limited by guarantee (Penrith Panthers). What legal structure works best under the current competition rules?

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  1. Broncos

    when was the last time you heard them have ANY financial troubles? never


  2. Panthers, amulgamation of several large Clubs into one SUPER CLUB.
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