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  1. #31
    One Clubman Toads's Avatar
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    NRL clubs warn North Sydney Bears they would need $100 million to buy the Gold Coast franchise

    Dean Ritchie, The Daily Telegraph
    March 14, 2017 7:57pm
    Subscriber only


    NRL clubs have warned the North Sydney Bears they would need $100 million to buy the Gold Coast franchise and ensure the club’s long-term future.

    The Daily Telegraph revealed on Monday that Norths were preparing a $7 million takeover bid for the NRL-owned Titans.

    Rival clubs though have laughed off that figure — claiming it would be a stratosphere short of what was required for the new club’s long-term financial sustainability.

    “There wouldn’t be much left if they lost $4 million to $5 million in the first year,” one NRL club CEO said. “That’s what most clubs lose. You would need regular income of around $15 million each year and around $100 (million) for long-term sustainability. The $7 million would quickly run out.”

    Clubs offered mixed responses when asked what the Titans would be worth. One CEO claimed $10m, another said well in excess of $20m, a third said nothing, given Gold Coast went into voluntary administration during February, 2015.

    Bears officials, led by general manager Greg Florimo and club chairman Perry Lopez, have opened dialogue with the NRL about acquiring the financially-struggling Titans in a deal that would include wearing Norths’ traditional red-and-black colours and changing their name to the Gold Coast Bears.

    Florimo and Lopez were not commenting again on Tuesday.

    “The NRL would have tipped in around $7m to $8m so they will want their money back first before selling,” one chairman said. “The cost overall to buy the Titans would be in excess of $20m in the short-term, plus you would need cash flow.”



    It may be some time before the Bears are reborn in the NRL.

    Sources close to Norths are adamant the Bears could quite comfortably fund a team as they own four licensed clubs — North Sydney Leagues, Seagulls at Tweed Heads, The Greens (North Sydney Bowling Club) and The Lane Cove Club — and have several significant private investors.

    A Norths source said: “Gold Coast as a stand-alone club won’t work. It can’t survive with just Gold Coast people. They are transients and tourists. They need a new dimension through the Sydney market place.”

    The proposed buyout would include playing three games a year in NSW, the remainder at Robina. The NSW games would be played at the Bears’ latest home, Gosford, with another at North Sydney Oval, the club’s spiritual home.

    Norths played their last stand alone game back in 1999 before entering the ill-fated Northern Eagles mergers with Manly.

    Central Coast Council and North Sydney Council welcomed news the Bears could soon play games again at Gosford and Cammeray.

    “The council and community would love for the North Sydney Bears to be back in the NRL competition,” said Robert Emerson, North Sydney Council’s Director of Open Space and Environmental Services. “If the Bears were to be based on the Gold Coast, we would welcome them back to their spiritual home at North Sydney Oval, and would love to see them continue to play some games here in the NRL.”

    And Mike Dowling, Central Coast Council Group Leader of Assets, Infrastructure and Business, added: “Council would welcome any top-flight rugby league games to Central Coast Stadium, having hosted recent trial matches as well as a number of regular season fixtures in 2016. Currently, we enjoy a great partnership with the Sydney Roosters who have utilised Central Coast Stadium and are strong supporters of grassroots rugby league in the region.”

    Some NRL officials are concerned about another possible brand change for Gold Coast, who, since 1988, have been known as the Giants, Seagulls, Chargers, Gladiators and Titans.


    Source: dailytelegraph.com.au

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  2. #32
    QLD Cup Mr Bods's Avatar
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    Didn't take long for this ridiculous story to go away again

    Until next time then when we have a crisis and Flog Florimo sticks his beak up again supported by the NSW/Brisbane hate media.

    Back to the action. Fire Up GC.

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  3. #33
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    Quote Originally Posted by Titanic View Post
    Their track record with the Seagulls RLC says enough.
    Could you elaborate please? I would like to know more about this.

    Quote Originally Posted by Yankee Doodle Titan View Post
    Serious question: Has something like this (dividing a team between two cities) ever been done before? And if so, was it successful?
    St George (Sydney) Illawarra (Wollongong) Dragons?

    Also, Isn't the Brisbane Lions a merger between the Brisbane Bears and the Fitzroy Lions? (although they are permanently based in Brisbane)

    Quote Originally Posted by lonegull View Post
    Northern eagles tried it, but where are they now
    Manly were involved ... that's what happened.

    Quote Originally Posted by gcboyz View Post
    It must be getting close to April Fools Day if this dross is getting any mileage. NSW needs another football team like a hole in the head.
    The NRL has come out and said that the Koukash offer does not meet the ownership model required, so why would they entertain a bid for a proxy move back to North Sydney.
    The QLD Government needs to step up and say "hands off our football club". The NRL needs to nip this rubbish in the bud.
    BAD NEWS BEARS, back to hibernation for you lot.
    Correct me if I am wrong but isn't Tweed Heads apart of the Gold Coast?

    http://wikitravel.org/en/Tweed_Heads

    Quote Originally Posted by DIEHARD View Post
    Including 'Taking over the Melbourne Storm' and 'Defecting to rugby union'
    Do you any sources of those? First I have heard about these and I would like to learn more about this.

    Quote Originally Posted by Noddy1979 View Post
    Burleigh will be a big part of the consortium ��
    Does anybody have an answer for this question?

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    A huge fan of the Bulldogs but first and foremost an fan of the game and the game needs the Gold Coast Titans!

  4. #34
    Administrator DIEHARD's Avatar
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    “Gold Coast as a stand-alone club won’t work. It can’t survive with just Gold Coast people. They are transients and tourists. They need a new dimension through the Sydney market place.”
    FU BEARS.

    Seriously where are they getting their money?

    Norths Leagues are a separate entity who even walked away from funding the club for a return over a decade ago.

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    Originally Posted by Moejoe

    REMEMBER!!!! SLIP - SLOP - SLAP in the sun. Skin Cancer is a growing problem. It could happen to anyone!!

    NUTS

  5. #35
    Administrator DIEHARD's Avatar
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    Quote Originally Posted by CanterburyMember View Post
    Do you any sources of those? First I have heard about these and I would like to learn more about this.
    I'll definitely find these articles.

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    Originally Posted by Moejoe

    REMEMBER!!!! SLIP - SLOP - SLAP in the sun. Skin Cancer is a growing problem. It could happen to anyone!!

    NUTS

  6. #36
    Administrator DIEHARD's Avatar
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    FLASHBACK

    House of cards could crumble Chairman admits club on verge of extinction could crumble
    Herald Sun, 24 April 2010

    MELBOURNE Storm chairman Dr Rob Moodie yesterday made the startling confession that the embattled club could be forced to fold.

    He back-tracked somewhat when pressed on the point, but the combination of a myriad of factors could indeed have the club on the precipice of extinction.

    The salary-cap rorting which has cost the still fledgling club its soul had immediate effects on sponsorship with three walking away yesterday, leaving the already ugly bottom line of a club that loses $6 million a year even further in the red.

    Storm has begun the search for new owners this season with News Limited, its financial crutch, having indicated its intention to pull out of the game and hand it over to an AFL-style independent commission.

    The club has not however been inundated with offers from wealthy individuals or businesses keen to buy in, despite the club's unparalleled on-field success. And one of the key planks of the agreement to move to an independent commission is that the other 15 clubs allow for as much as $30 million to be handed to Storm over the next five years to ensure its survival while it worked to become financially independent.

    The possibility of those clubs agreeing to prop up an opponent who has been exposed as a cheat, brought shame to their game and essentially robbed them of the opportunity to win two of the past four premierships would seem remote.

    News chairman John Hartigan insisted the club remained committed to Storm, for now at least, with the potential its own forensic investigation of the club's finances could uncover even more fraudulent dealing.

    If that happens, the future of the club would be in serious jeopardy.

    "The company will support further action against the club by the NRL, and take further action of its own against the club or individuals if the extent of the breaches widens," Hartigan said.

    But that could possibly be the least of the club's problems, with players and possibly even coach Craig Bellamy thought to be pondering their future in Melbourne beyond this season.

    Several players are certain to leave, and the exodus could be massive with big names unwilling to remain at a stained club, or even play in a competition where they would forever be known as cheats.

    The UK Superleague beckons for some like Greg Inglis and Billy Slater and Cooper Cronk, for whom the lure of Test and State-of-Origin games could remain the only carrot to stay here.

    Most have get-out clauses in their contracts including the "Bellamy clause", which means if the coach goes, they can go and without them Storm would not be competitive.

    Even Moodie conceded that yesterday.

    "We are obviously going to have to take huge hits on what the playing list looks like," he said.

    "Unfortunately a lot the deals inside the cap were back-ended, so in 2011 and 2012 we couldn't have kept star players anyway."

    Already the team struggles to generate TV ratings in Melbourne, and the NRL lives and dies by ratings even above match attendances, which are also historically average for Storm games.

    Add to the mix an ever-growing push from a consortium on the Central Coast who are believed to be willing to buy the Storm license and enter the NRL.

    That is believed to be coming from the Central Coast Bears, a profitable, well run club with an established fan base in a rugby league heartland -- three elements that could appeal to NRL officials.


    Victorian Sports Minister James Merlino went to Sydney yesterday to talk to Hartigan and NRL boss David Gallop about Storm's future.

    His government has invested over $260 million in a stadium which needs tenants to ensure it doesn't become a white elephant, one of which is supposed to be Storm.

    He was given assurances that the NRL remained committed to rugby league in Victoria, someone would play in the stadium.

    Also yesterday Australian Rugby League chief executive Geoff Carr could only remain hopeful Storm would survive this tsunami.

    "It's going to be tough down there," Carr said. " News Ltd . . . are obviously not happy but they are a pretty big corporation, they know the importance of Melbourne, it's their franchise."

    The potential for Melbourne to wrap up business is not just conspiracy theory stuff.

    There are enough rumblings in enough camps to suggest it is a distinct possibility, despite the passion and commitment of Moodie and past players like Matt Geyer who has declared "we can't let this great club die".

    But in the end, that emotion may not be enough.

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    Originally Posted by Moejoe

    REMEMBER!!!! SLIP - SLOP - SLAP in the sun. Skin Cancer is a growing problem. It could happen to anyone!!

    NUTS

  7. #37
    Administrator DIEHARD's Avatar
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    Quote Originally Posted by Titan68 View Post
    Why don't North Sydney look at buying the Knights
    Been a few articles over the years about exactly that as well.

    When things get tough, you don't need enemies in rugby league when the Bears are around.

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    Originally Posted by Moejoe

    REMEMBER!!!! SLIP - SLOP - SLAP in the sun. Skin Cancer is a growing problem. It could happen to anyone!!

    NUTS

  8. #38
    Administrator DIEHARD's Avatar
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    How many of the Bears' best players of the 1990s were actually Queenslanders who had no where else to play?

    Let's name some....

    Billy Moore
    Gary Larson
    Brett Dallas
    Ben Ikin
    Martin Bella
    Peter Jackson
    Kerry Boustead


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    Last edited by DIEHARD; 16-03-17 at 03:49 PM.

    Originally Posted by Moejoe

    REMEMBER!!!! SLIP - SLOP - SLAP in the sun. Skin Cancer is a growing problem. It could happen to anyone!!

    NUTS

  9. #39

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    Some of the media have indicated the Norths Leagues Club own the powerful and wealthy Seagulls Leagues Club.

    That is the biggest load of bull dust. The Seagulls Leagues Club has made losses for over 15 years in a row. Only recently it has made a small profit.

    Looking at the Norths Leagues Club financials, they have a financial liability of over $23 million. I can't see how the Norths Leagues could purchase any NRL license. The bank who is owed $23 million will want to have their money first.

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    Last edited by Mr Titan; 22-03-17 at 01:38 AM.

  10. #40
    First Grader ozynorts's Avatar
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    How about they go and buy the Tigers..... Western Sydney Bears....

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  11. #41
    One Clubman Toads's Avatar
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    If there were two brains cells that could bounce off each other within the Bears establishment. The logical thing that should come to mind is to get onboard with the Newcastle Knights and share games between the two regions. Surely that's gotta work better for both fan bases, while minimising the travel distance for everyone involved.

    The Bears have got to genuinely ask themselves, how many of their fans are prepared to travel to Coast to watch home games? My guess is they'd be lucky to fill a mini bus.

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  12. #42
    First Grader ozynorts's Avatar
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    How about they just accept that they are no longer in the comp and fade away like the Jets had to.......

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  13. #43
    One Clubman Toads's Avatar
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    Thing is, the Jets had potential, the Bears never did.

    Plus the Jets even went as far as having a movie The Final Winter made about them.

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  14. #44
    QLD Cup Mr Bods's Avatar
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    Seagulls is such a joke now, most of the joint is in mothballs and not open anymore,also it's in a terrible awful area socio-economically and really it's a dive.
    The word "Seagulls Club" conjures up images of its mighty days pre Pokies in QLD but in reality it's nothing.

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  15. #45
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    Quote Originally Posted by ozynorts View Post
    How about they just accept that they are no longer in the comp and fade away like the Jets had to.......
    At least the Jets are thriving in NSW Cup.

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    Originally Posted by Moejoe

    REMEMBER!!!! SLIP - SLOP - SLAP in the sun. Skin Cancer is a growing problem. It could happen to anyone!!

    NUTS


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