Michael Searle the right man for Gold Coast Titans, says Chris Close
by: Margie McDonald
From: The Australian
March 23, 2012 12:00AM
GOLD Coast business manager and former international Chris Close yesterday came out with guns blazing in defence of besieged Titans managing director Michael Searle.
"If I want someone running my ship under the circumstances he's been dealt, then certainly I'm backing Michael," Close said.
Searle has maintained the football part of the Titans is viable and will turn a profit this year, despite the financial problems facing the organisation's property arm.
And Close said the Titans would not fold as the previous incarnations of the Gold Coast -- the Giants (1988-89), Seagulls (1990-95), Gladiators (1996) and Chargers (1996-98) -- did.
"Look at this way, there's been many people who have trodden the path before him (four previous clubs) that didn't have the process, the resilience, the commitment or the amount of intelligence Michael has to get the thing off the ground and running," he said.
Close said the financial strife concerning the club's Centre of Excellence was being confused with the other issue of whether the Titans could afford their high-quality playing roster. Just this week, they added Dave Taylor from South Sydney for next year. And they are chasing Test utility Cooper Cronk.
"Do you think some of the players attracted here would have come if the place was so abysmal?" Close said. "Ask them and they'll tell you they came here because Michael Searle rejuvenated their love of playing football. The Centre of Excellence is a whole different set of circumstances."
Close said former players Preston Campbell, Clinton Toopi and Dean Widders were running community programs on health, welfare, education and training that were set up by Searle and now had Queensland and federal government backing.
"It is a reality, we are making a difference to young people's lives," he said.
What would make you say that. How many NRL footy clubs make money? Most need to be serviced by poker machine revenue to stay afloat at all. No NRL club could even come remotely close to sustaining a property development company entering into multimillion dollar transactions.
Do we actually desperately need the GC as an area, if the Tits were to go under. It's hardly a production line of juniors, Consistently shows across a number of codes that there is a big novelty factor but that interest dies off pretty quickly etc. We arent stuck with stadium bills if Robina isnt used, Qld Govt and their ridiculous hiring fees of stadiums qld are.
You see in the NFL they dont have a team in a city the size of LA because there isnt interest there, and it's never really worked before, and they seem to get by just fine.
Second Brisbane, Perth and the CC amongst others are crying out for a team and we keep rewarding this shithouse area with sides.
And LA is the second largest (IIRC) city in the states yet their biggest code doesnt have a club there, because there is no demand.another CC nutter
6th largest city in Australia you idiot
beave said:I think he is talking about more of their own production line, I think there is only 3 players in their team this week that have come through the titans 'system'?
I'm not too informed on the other uses of the CoE such as whether certain areas are leased to other business, and what revenue the Titans receive from hiring out conference rooms, etc. but I'd say they'd need to fund the shortfall in debt servicing from somewhere, and this would be coming from football operations.
News in the media today state that searle that has been engaging in some creative accounting and hidden $35m of debt. make of that what you will.
the titans have a property company 'registered' separately from the football operations, but in reality they're linked.
the operation up there is about to collapse. as I've stated in earlier posts, the NRL have no one else to blame but themselves. as custodians of the game, everyone pays for it.
http://www.brisbanetimes.com.au/rug.../titans-suffer-court-blow-20120323-1voc5.html
The builder going after them for money had a victory in court.
The judge said the club was "prima facie insolvent".
More bad news.
Justice John Reeves declared the Titans' property arm “presumed insolvent”