2 loooooong years

[roboshark]

Owns the ground that's it I believe

 

[Card Shark]

Did I read Franks post correctly , that the Club no longer owns the shopping centre? That the club is now tenants & owns nothing?

Yes, that’s what they forfeited for the $40 million we are getting.

We don’t even own all the leagues club anyone, we share ownership with the developers, who are putting an Aldi on the first floor (or ground floor).

 

[bad boy bubby]

We own the league's club, but now it's like we are part of strata, along with Aldi etc.

 

[Defer to the coifed]

so we own it then. But we no longer own the Retail complex

 

[Card Shark]

Or hotel

 

[Frenzy.]

We own Kogarah

 

[Defer to the coifed]

We were never going to own a hotel

 

[Card Shark]

No, or the shops but we were going to rent the land they were built on.

In a nutshell, we’ve sold the land (carpark) & half the leagues club.

 

[Defer to the coifed]

If you own the land, you own the building. We were going to be landlords for the Shops, was my understanding.
If we have sold that off, for a lousy $40 million, then we are far kted

 

[Quicksilver]

You could always buy other property with the $40 mil.

 

[Card Shark]

Gal in his write up for channel 9 says the ground will be suitable for NRL finals after the upgrade.

I don’t see how.

The capacity won’t be increased & no additional undercover seating.

Only change is the glasshouses...still not sure of the purpose of them. Sponsor boxes, press boxes ? Maybe the latter helps it become a finals venue.

 

[Russell Crowe's Band]

You could always buy other property with the $40 mil.

the 40 million is the lump sum but 16 mil or so will go to the new leagues club refurb
the rest we have to not squander

 

[Defer to the coifed]

So at the end , what do we own?

 

[King Ben]

Gal in his write up for channel 9 says the ground will be suitable for NRL finals after the upgrade.

I don’t see how.

The capacity won’t be increased & no additional undercover seating.

Only change is the glasshouses...still not sure of the purpose of them. Sponsor boxes, press boxes ? Maybe the latter helps it become a finals venue.

You got it in one, ground needs more corporate areas and extra media areas for the NRL to be happy.

 

[Card Shark]

Not sure what they doing on the ET stand side but wouldn’t it be good if extended it to the dead ball line.

More boxes & more undercover seating.

 

[Russell Crowe's Band]

yeah in an ideal world

I think it could be ok once its all done

frank saw some better drawings

the no cover thing is an issue

 

[Hooper]

Not sure what they doing on the ET stand side but wouldn’t it be good if extended it to the dead ball line.

More boxes & more undercover seating.

I could never understand why they didn’t do just that 12-15 years ago when they received the Govt grant and built the Monty Porter Stand. The ET Stand is nearly always sold out for home games and should have been extended then. The Monty Porter Stand might sell out two, maybe three times a year.

 

[Defer to the coifed]

I could never understand why they didn’t do just that 12-15 years ago when they received the Govt grant and built the Monty Porter Stand. The ET Stand is nearly always sold out for home games and should have been extended then. The Monty Porter Stand might sell out two, maybe three times a year.

Because with grants, come conditions. Sometimes the condition could be that it must be put towards a new building or incorporate disabled facilities etc. It made no sense to upgrade the ET & increase seating by <20% when you could increase seating by 120% for the same money.

 

[Hooper]

Because with grants, come conditions. Sometimes the condition could be that it must be put towards a new building or incorporate disabled facilities etc. It made no sense to upgrade the ET & increase seating by <20% when you could increase seating by 120% for the same money.

That makes sense. Thanks for clarifying

 

[Quicksilver]

So at the end , what do we own?

The ground + stratum space that the new club occupies, I think.