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Message: [QUOTE="Swordfish, post: 3476380, member: 15832"] I am no financial expert but I reckon Broncos are the only NRL club who are “[B]publicly listed[/B]” & is actively traded in ASX. So, unlike NRL and any other clubs, Broncos must declare their annual results every year and can’t do as they wish without the board’s & majority share holders( News Ltd. in our case)approval. Now, one could argue that other clubs do have CEO’s and Chairman’s but they wouldn’t have certain restrictions as a public listed company. Sure, they can look at purchasing a SL club but it would be News Ltd. that will be making the purchase but not Bronco’s. [/QUOTE]

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