NRL secures $250m loan from Oakwell Sports Advisory to continue 2020 season amid COVID-19 pandemic

The NRL will in coming days secure a $250 million loan which will stop the game falling into financial ruin.

The coronavirus pandemic has brought the 13-man game to its knees, with the suspension of matches leaving broadcast partners Nine and Foxtel little choice but to skip their quarterly payments a fortnight ago.

The NRL has since reached into its coffers to provide grants to all 16 clubs to keep them afloat but they have now secured a line of credit from a consortium of British banks.

The funds will be used to keep the 16 clubs afloat until games are slated to return on May 28.


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