Smith didn't miss him did he?
Does Cricket ever run on a deficit?The AFL or NRL?
What % is $8M of total turnover? That is the biggest issue for me.
I believe cricket is struggling. Remember their provincial comp runs at a loss, and has for many years. But they are looking at cutting that now and playing more 20/20.
AFL and NRL are a bit different as they are more commercial ventures, more concerned about the product than developing the game. That's probably more accurate for the NRL than AFL. But the AFL doesn't have a national team to support - just their provincial comp and some grass routes stuff.
ARU must fund its national team, the state teams (contribute towards) as well as looking after the development of the game at a grass routes level.