Titans close to $100 million move that will secure NRL future until 2025

[Bayside Titan]

THE Titans are closing in on a $100 million move to Parkwood that will secure the club’s future in the NRL until 2025.

The Courier-Mail understands the Titans are a fortnight away from one of the most important deals in the club’s tumultuous eight-year history.

In September, the Titans announced plans to move to a site at Coomera in a proposed $7 million project that had the backing of Gold Coast City Council.
But the club has cooled on Coomera, with a shift to Parkwood International golf course emerging as a superior financial proposition for the embattled NRL club.

Under a tenancy agreement with Parkwood, the Titans would leverage the precinct’s plans for a Leagues Club-style facility that has been a financial backbone for Sydney-based NRL clubs.

As part of the $100m upgrade, Parkwood International would underwrite construction of a state-of-the-art motel and facilities that will offer a social and entertainment arm for Titans fans.

Titans fans show their support.
Titans fans show their support.
Gold Coast CEO Graham Annesley said no contract had been signed with either Parkwood or Coomera but Parkwood has emerged as the Titans’ preferred home because a move to Coomera hinged on co-owner Darryl Kelly funding construction of an administrative base.

“The Parkwood deal is looking promising but it could still fall over,” Annesley said.

“Whether it’s Parkwood or Coomera, it will cement the Titans on the Gold Coast for at least the next decade and it will continue the rebirth of the club that we have been going through since I got here.

Parkwood International Golf Course is about to undergo a $100 million dollar redevelopmen
Parkwood International Golf Course is about to undergo a $100 million dollar redevelopment
“We are trying to stabilise the club and make it sustainable long-term. Regardless of whether it’s Parkwood or Coomera, this will be an important step in the process.

“Coomera is still on the table but one of the appeals of Parkwood, if it comes off, is to give us a social hub for want of a better term, which the club has never had.

“It’s not really a leagues club, more a community club that would incorporate some of Parkwood’s existing facilities.


“Running an NRL club these days is not easy, some of the traditional leagues clubs used to give enormous grants to their respective football teams, but it’s not as easy these days.”

Annesley reiterated the NRL’s support for the Titans amid speculation the club could be relocated within southeast Queensland.

“It (the Titans being relocated) ios so far from the mark it’s not funny,” he said.

“The NRL is absolutely committed to the Gold Coast. The club is not going anywhere. I have read a few things but we have no plans to relocate.’’


The article was from the Courier Mail Website. This deal if it comes off will be great news for the club.