The Middle East Sharks

Discussion in 'Cronulla Sutherland Sharks' started by King Ben, Jul 11, 2018.

  1. King Ben

    King Ben Juniors

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    I, for one, welcome our new overlords.

    https://www.smh.com.au/sport/nrl/sh...ld-see-sharks-privatised-20180710-p4zqp3.html
     
  2. bad boy bubby

    bad boy bubby First Grade

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    From the SMH this morning


    www.smh.com.au/sport/nrl/shire-sale-secret-meeting-could-see-sharks-privatised-20180710-p4zqp3.html

    Shire sale: Secret meeting could see Sharks private sale



    SPORT

    Shire sale: Secret meeting could see Sharks privatised
    Adrian Proszenko
    11 July 2018 — 12:00am
    Leave a comment

    It’s the clandestine meeting that could shape the future of the Cronulla Sharks.

    Cronulla chief exeuctive Barry Russell met on Tuesday with Australian businessman Michael Ibrahim, who has made no secret of his desire to purchase an NRL club on behalf of cashed-up Middle Eastern ruling families.

    [​IMG]
    STATE OF ORIGIN
    'Brandy' stunned after missing jersey is returned two decades later
    Like almost all NRL clubs, Cronulla remains in the red. It was widely believed that the ongoing redevelopment of the precinct around Cronulla's leagues club would guarantee the Sharks’ future. However, sources claim it it will not provide as great a financial windfall as many believe and that privatisation is the best chance to extinguish a seven-figure debt.

    Ibrahim has already attempted to purchase two NRL clubs. He made a $12 million pitch to buy Manly, a price industry experts believe is fair given the on- and off-field troubles plaguing the Sea Eagles. However, Manly chairman Scott Penn declined, declaring the club is not for sale. Ibrahim’s attempts to purchase the Dragons have also come to nought.

    But after lucking out in Wollongong and the northern beaches, Ibrahim is believed to be interested in making an offer for their fierce rivals Cronulla.

    Even if Ibrahim’s backers and Cronulla officials settled on a price, there are potential impediments to the sale. The club’s members will have the ultimate say on whether the franchise is privatised, with its constitution providing similar safeguards to South Sydney, which was ultimately sold to Russell Crowe and Peter Holmes a Court in 2006. The members may be swayed to green-light privatisation if they were concerned Cronulla’s financial position was precarious enough to threaten their long-term existence in the shire
     
  3. bad boy bubby

    bad boy bubby First Grade

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    Merge mine please mods
     
  4. carcharias

    carcharias Immortal

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    Are we relocating to Dubai?
     
  5. coolumsharkie

    coolumsharkie Referee

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    I just can't see the opportunity for the investor overseas unless they re-invent the wheel somehow. Or is this some kind of tax dodge? That would make more sense.
     
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  6. Differ To The Coifed

    Differ To The Coifed Juniors

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    That story said a lot about nothing.

    Didn’t even have lunch.
     
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  7. carinashark

    carinashark Guest

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    Just no.
     
  8. carinashark

    carinashark Guest

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    Sounds like Barry wasn’t that impressed. To busy to stay for lunch.
     
  9. Differ To The Coifed

    Differ To The Coifed Juniors

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    Imagine being owned by someone from the Middle East.

    What a riot.
     
  10. coolumsharkie

    coolumsharkie Referee

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    [​IMG]

    "How much for the women? Your wife, the little girls, I want to buy them"
     
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  11. carcharias

    carcharias Immortal

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    Is this the underbelly dude?
     
  12. Differ To The Coifed

    Differ To The Coifed Juniors

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    It stinks.

    How about we start the development first?
     
  13. King Ben

    King Ben Juniors

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    Such a shame Rugby League is illegal in Dubai.
     
  14. tom of poland

    tom of poland Juniors

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    95% speculation, 5% information if that. I'm looking forward to an actual Sharks game on Friday, which will provide some real stuff to report on.
     
  15. Quigs

    Quigs Referee

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    I think you'll find that the good Doctor Geoffrey Edlestiene has first dibbs on buying the club franchise.

    It was an agreed clause in the Letter of Intent submitted to the NSWRL
     
  16. Feej

    Feej First Grade

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    Good times...

    dre.jpg

    980.jpg
     
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  17. Quigs

    Quigs Referee

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    Seeing the article Uncle Feej ..... whatever did happen to Dom Abouchar ???
     
  18. Quigs

    Quigs Referee

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    PINK HELLI - KOPTARHS for everyone !!!! yeah those were the days.
     
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  19. Feej

    Feej First Grade

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    Probably ended up at News Ltd
     
  20. to_ddeath

    to_ddeath First Grade

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    El Jannahli Sharqs??
     

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