so four clubs that have nothing in common with the north sydney bears
On the field? Nope. How can they but off the field which I was referring too - heaps! They have been building with portfolio with business investments/assets for good growth. So there is a lot in common. Especially with Panthers Group.
I’ve explained all this already though - boring to go through it again I’m sure as you don’t strike me as a type who wants to read about business and financial mumbo jumbo.
The Bears are perennial losers, on and off the field, that's part of their identity and appeal to Boomers.
Could count in one hand the actual boomers at magic round. Everyone else looked under 35/40.
Off the field the overarching business that owns them is flying - all been explained already last week. All naturally side stepped. None of the turnips care about the actual business side that goes into running a club. Why would they be? It’s all magic dust and wish foundations.
According to Rock&Sock Connection a 68 year old Peter Cumins (proper boomer) is the answer to Perth stand alone bid. His claim to fame is Cash Converters - a company that has fluctuated all over the shop since they are battling against online trade markets like market share. Soon his main bread basket will go the way of physical media and video rental stores - as second hand markets cuts out the middle man. His company has had decreasing returns of 8.2% a year for the last 5 years and 6.7% declining dividends for the last decade.
Now to the turnips here that means nothing - but to business people like PVL and the games share holders that means a lot. It means handouts and propping will be needed in few years should they go standalone or these non rugby league people decide they don’t like the game anymore and to their own state government in W.A. it means more tax payer dollars spent on an exercise.
Bears bring their own resources - the big clubs already know this so their bottom lines are fine. Nick Politis is a big advocate to bring back the Bears in Perth for this reason.
PVL also knows the importance of a new club bringing this business model and resources to the table hence he says its sensible because financially the NRL will need to spend much less on the Bears in Perth. WA government are for the idea because it means they also need to spend considerably less money on it.
Less money that these fat cats need to spend means more money for them in their pocket. More money for them means that bid is more likely to get in. Fox and 9 also see this and Dolphins success has them smiling ear to ear all the way to the bank.
It’s simple business. Simple finance. Simple politics. Genuinely am astounded how a few in here just don’t get it.