Overview

• Rugby360 has officially offered South Sydney fullback Jye Gray a $600,000 USD (A$920,000) contract in its inaugural formal bid to any NRL player.
• The 21-year-old utility, who has made 28 NRL appearances and is tied to South Sydney until the end of 2026, has a history in rugby union with interest from the Queensland Reds during his time at The Southport School.
• Organisers must secure 200 player commitments and a broadcast deal by the end of September to unlock backing from the Saudi Public Investment Fund and private equity investors.
• South Sydney coach Wayne Bennett has warned that Rugby360 represents a “huge threat” to the NRL and called on league leaders to unite against its recruitment drive.
• Speculation that Rugby360 could base operations in a tax-free hub such as Dubai adds further financial appeal to its lucrative player contracts.