This funding includes an additional $25 million secured from the WA government specifically for the establishment of the Perth Bears rugby club.

The Western Australia government has officially signed a $65.6 million deal to establish the Perth Bears, the NRL's 18th franchise, with the North Sydney Bears involved as a foundation club.

Premier Roger Cook announced the confirmation of the team, emphasizing its intention to compete vigorously against existing AFL teams in the state.

ARLC chairman Peter V'landys described the negotiations with Premier Cook as challenging yet ultimately successful, likening the process to a game of rugby league.

Fans have expressed overwhelming joy and emotional reactions to the news, celebrating after waiting over 9,000 days for the team's revival.

Cook stated that independent modeling predicts a return on investment of $28 million annually for WA once the team joins the competition, although full details of this modeling have not been released.

V'landys highlighted the potential economic benefits for Western Australia and encouraged local fans to support rugby league over the dominant AFL.

The Perth Bears will play their home games at HBF Park, which is set to undergo renovations before the team joins the league.

As part of the agreement, the funding package also includes $35 million allocated for grassroots development and tourism marketing.

The WA government will invest $60 million over seven years, along with $5.6 million for match-day support and marketing, to support the club's establishment.

The establishment of the Perth Bears concludes a lengthy process, during which V'landys rejected multiple bids before finalizing this agreement.

The Perth Bears are expected to compete in the NRL by 2027 or 2028, marking a significant milestone for loyal fans advocating for the team's inclusion.