I know exactly what is proceeding and what the club will earn from it. As a club that publicly produces an annual report I also know exactly how much the club lost in 13-14. And what their revenue level was that year. The development is at best going to clear your debts and keep your head above water. It is not going to move you into the top tier revenue clubs or going to give you spare capital to reinvest. If you get a soccer club, if the new tenants use the league club, if the retail does well. Lots of If's but at least you have a chance of surviving in Cronulla which is a hell of a lot better position than you was in a few years ago. Now if only you had more fans..........
You only confirmed what I already knew .You have not a clue.
You are obviously not aware of proposed amendments to the retail point 1.
You are oblivious to the fact Bruno Cullen former Bronco's COE examining the books and development when he was asked to go by the NRL, noted the Shark's in his opinion will be among the top 3 or 4 clubs financially in the NRL.And this also means not relying on poker machine revenue.point 2
Point 3.When Cullen made the comment,the A League proposal was not even taken into account,as it was not on the horizon.
Point 4. $1m pa retail rent is nothing to be sneezed at .
Point 5.new suburbs Green Hills and Shearebrook landing about 1km from the club along CC Drive ,will provide custom of the retail development and no doubt some for the club and its new restaurants,as Cronulla itself is chockers on weekends.
Point 6. The residents of close to 700 and maybe more units will also provide custom to the retail and some to the club.
Point 7.
The Sharks had 3 1/2 thousand attending a Monday night game in appalling cyclonic conditions,nothing Perth has ever had to experience for NRL matches.How many would they get on a Monday night in such conditions?I didn't bother to attend and I had cover in a stand.
Point 8.The area does not rely on the mining industry which is facing huge problems after a once in a lifetime boom.So check your own backyard.I read another mine is facing closure in WA.
Point 9.We have as many juniors as WA.
Membership already approaching 7,500.Have another lemon PR you are running out of bitterness.