LeagueNews.co | Jason Patrick
The announcement of R360's inception has taken the NRL world by storm, with multiple stars linked with a move to the breakaway competition.
While the new league is said to be cashed up and full of international opportunity, ARLC Chairman Peter V'landys has warned NRL players not to be fooled by its glitz and glamour.
According to the Daily Telegraph, V'landys has warned rugby league stars considering a code switch to tread carefully.
"If I was a player, what I would be recommending to them is to get hold of the business plan and read the fine details as to how this thing is going to be funded," V'landys said.
"I'd be doing due diligence on who's financing them and what they're getting out of it, because they don't do it for free."
While R360 has reportedly signed a broadcast deal with YouTube, as well as partnering with Omaha Productions, other details around the league's investments and finances remain a tight-lipped secret, with all parties involved forced to sign non-disclosure agreements.
V'landys has argued how unreliable this can turn out to be and urged players and agents to consider this before making any drastic moves.