Those thinking this will be a magic wand need to think harder.
A 51% share will see total control to him. There have been numerous reports and statements in the past that St George supporters need to take not of now.
51% means an Illawarra dominated ownership. More games at Wollongong. He has already stated that. A return of the Illawarra identity. Also previously stated. Doust will be entrenched. Part of the agreement leaked publicly months ago.
This will spell the end of St George.
Be prepared for the Illawarra Dragons. Good old steelers jerseys with a hint of dragons memories in it somewhere. It will be a mediocre club, much like the steelers were. No offence but really with the talent they took from traditional dragons support base they should have showed more.
I do not support this as a Dragons supporter. This is the final death knoll for a once proud club that propped up a sadly underperforming partner since 1999 only to have wasted its financial position to the point of being an easy target.
No money will go into the club. All money paid out for this 51% will go towards debt reduction.
Mcgregoyis an Illawarra boy and will remain the golden haired boy. Surely people can see if he hasn't been sacked by now, what has kept him where he is? Paying out contracts has nothing to do with it.
Wait till the fine print and conditions are released on this buyout before you all start celebrating.
I for one, will be done with the club the day this takeover is signed off. I have supported the dragons through thick and thin for over 50 years. It will be a sad sad day when they let this takeover happen.
Nothing against the Illawarra, but St George should have either gone it alone, went to super league (they were offered $20m to switch sides) or just packed up shop then and there rather than end this way.
