At the right price, we can attract a buyer.
No its not easy as you rightly say, only a few clubs trade profitably.
Tinkler was a prime example of money actually destroying a club. Lucky for Newcastle, they have a steadfast base of supporters whom amazingly attract 20-25k even whilst spooners.
We do NOT have that luxury. Our figures vary based on form, like most clubs. Our membership is also in line with form.
Add to that, our fan base is spread across the state and country, which whilst being admirable, can also reflect in memberships.
I am ok with privatisation, but also understand that NRL clubs as an investment, do not have a great return. When one "buys" an NRL franchise they also buy into the NRL. Salary cap issues, TV distribution, game day allocations, etc etc etc. Too many variables to take into account.
Having a great recognisable / historical brand is awesome for us fans. To the astute investor, he/she wants to see how that asset turns to "value", In a population of some 24 million, we compete with AFL, Rugby, Soccer and so forth. Not much room for error as an investor.