Gold Coast Titans set for a major restructure

[DIEHARD]

Gold Coast Titans set for a major restructure
http://www.perthnow.com.au/sport/nrl/

THE Titans are set for a major restructure, with the Gold Coast board to change significantly as buyers circle the re-emerging club.

The Courier-Mail can reveal four independents will be appointed to the Titans board within a week to complete the club’s corporate structure.

NRL’s chief financial officer Peter Brown has resigned from the Titans board to allow the club to better operate as its own entity.

The NRL is still finalising the members of the board as they go through a vigorous background checking process.

The four independents appointed will shape the club’s future as the Titans enter what is arguably the most important season in their history.

“There is structural change happening,” CEO Graham Annesley told The Courier-Mail.

“The NRL is still in the process of approving the new board members but we expect it to be finalised soon.”

The current board includes chairwoman Rebecca Frizelle, former owner Darryl Kelly, tourism official Paul Donovan and solicitor Fraser Perrin.

Annesley revealed businessmen had spoken to the NRL about purchasing the club but did not expect there to be a sale in the “short term”.

“There has been interest. That interest is typically registered with the NRL rather than me, but it is fair to say that there are people out there who want to buy in,” Annesley said.

The Titans are positioned well with their salary cap. Annesley declined to state the amount of cash they had to spend under the cap but it is understood to be around $750,000 for 2016.

That could buy two quality NRL players but the Titans are waiting for those to appear rather than committing early.

“Players will come on to the market and we want the right ones,” Annesley said.

[JunctionBlock]

Hopefully one of them sits on the board or owns Parkwood Golf Course.

[Bayside Titan]

I wonder if anyone from Aquis will be on the Board?

Anybody have any ideas who is the people looking at investing?

[Mexican titan]

I wonder if anyone from Aquis will be on the Board?

Anybody have any ideas who is the people looking at investing?

Personally I hope no one from Aquis is on the Board. The board needs to be able to do their stuff without influence of sponsors, regardless of how valuable they are. The Aquis development also has the potential to be a bit controversial so it might be better to ensure that we don't have any potential influences on the Board that may be involved in something that be devisive in the community. Same reason you wouldn't have someone involved with the cruise ship terminal proposal on the Board, regardless of whether you might agree with it.

[Titanic]

Aquis would have no interest in being on the Titans board.

[Toads]

Yup, considering the size of them what they're into they wouldn't have much interests in sitting on our board. Plus, what they'd be worth 'n what they throw our way is chicken feed. That said, it's most welcomed chicken feed.