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Bruce Gordon getting closer.....

Discussion in 'St George Illawarra Dragons' started by Slippery Morris, Apr 10, 2016.

  1. Saintsified

    Saintsified Bench

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    Merge they said, be a superclub they said...DOH
     
  2. Prometheus

    Prometheus Juniors

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    The Illawarra region left Dragons territory when the Steelers entered the competition in 1982 and returned when the joint-venture was formed in 1999. So I ask you, how many premierships did St George win between 1982 and 1999 when the Illawarra wasn't part of Dragons territory?
     
  3. TruSaint

    TruSaint Coach

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    None.
    With respect they played in 4 GF's....
    How many GF's did the Steelers make ?
     
  4. Saintsified

    Saintsified Bench

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    Sorry but Cronulla and Souths were both worse off than stand alone Dragons in the 90s are both better off for standing alone now than what we are now merged, Manly has also shown they are better off alone and Wests Tigers is a shambles merged, we made the wrong decision full stop.

    We merged and took on Illwarras way and becoming perennial losers (except Wayne's era)
     
    Last edited: Apr 11, 2016
  5. Willow

    Willow Administrator

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    FTR, there is a difference between a merger and Joint Venture, a JV is an agreement between 2 separate entities that can be reviewed - I recall that in our case a review happens every 5 to 6 years and both parties can agree to continue or end the JV.

    But I agree with the points raised. The clubs that did not form a JV seem to have it better.

    After the Super League war, there was a large grant offered from the NRL to those clubs ready go into a JV. There was also a bonus in the raising of the salary cap for the JV for a set period.

    This was a huge carrot but at the time I thought, "what happens when these benefits are gone?" A few years passed and suddenly we can no longer keep players, other clubs are signing Illawarra juniors and the JV is struggling financially... and now the Dragons JV board is getting loans from the NRL.

    In my opinion, there didn't seem to be a great deal of forward thinking going on when those at the top took the carrot.
     
    Last edited: Apr 11, 2016
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  6. TruSaint

    TruSaint Coach

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    Does anyone know, should the JV dissolve, where the license agreement is then held?
    Or is it terminated, subject to new proposals and entities.

    Am i wrong in assuming that manly ended up with the franchise license as part of the initial deal ?
     
  7. Willow

    Willow Administrator

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    The Northern Eagles deal had a clause that was weighed in Manly's favour, the NRL license reverted back to them and they took full advantage of that.

    But at the end of the day it comes down to which side of the JV is better positioned to field a team in the NRL.

    I am not talking about the strength of juniors - as we have seen that means nothing as clubs can develop players from any region. It is all about money, resources and branding.
     
    Last edited: Apr 11, 2016
  8. TruSaint

    TruSaint Coach

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    Cheers, in essence " what the franchise can offer the franchisor "...
     
  9. Prometheus

    Prometheus Juniors

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    None. Clearly the two regions need each other to succeed. Thank you for proving my point. :p
     
  10. coast_dragons

    coast_dragons Coach

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    Illawarra merged with the wrong club they should have with either Cronulla or Western suburbs.
     
    Last edited: Apr 12, 2016
  11. Saints Forever

    Saints Forever Bench

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    Have to agree, Cronulla was a more logical fit geographically
     
  12. TruSaint

    TruSaint Coach

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    welcome back matey
     
  13. coast_dragons

    coast_dragons Coach

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    thanks tru.

    I think the NRL will never let the club disolve and if by some miracle they did Illawarra would merge with the Sharks and the Dragons will disappear.
     
  14. getsmarty

    getsmarty Referee

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    Bruce Gordon enjoys longer Australian stay thanks to COVID exemption
    Zoe Samios
    November 22, 2020 — 4.47pm
    One of Australia's most prominent media owners, Bruce Gordon, was given an exemption by the Australian Tax Office to live in Sydney during the coronavirus pandemic without incurring an additional tax bill.

    Mr Gordon's primary residence is Bermuda where he has lived since 1985, a place where people can legally reduce personal tax liabilities. The 91-year-old divides his time between Australia - where he owns regional television company WIN Corp and NRL team St George Illawarra Dragons - and Bermuda because his tax arrangements require him to spend more than 183 days offshore.

    [​IMG]
    Bruce Gordon hasn't stayed in Australia this long for decades.Credit:Rob Homer

    Industry sources familiar with Mr Gordon's tax arrangements said he was provided an exemption from the ATO to extend his stay in the midst of the coronavirus pandemic. Mr Gordon decided to stay, sources familiar with his thinking say, because Australia is safer than most countries. A spokesman for Mr Gordon was approached for comment.

    The billionaire arrived in Australia in November 2019 and spent most of 2020 in his Circular Quay apartment in Sydney because of the pandemic. It is the longest period of time Mr Gordon has stayed in Australia since moving to Bermuda.

    Mr Gordon also owns stakes in several companies such as Broadcasting Services Australia and Crawford Productions. The company also owns a 14.9 per cent stake in Nine Entertainment Co, where he is expected to take a keen interest in the process that will decide its next chief executive. Nine boss Hugh Marks announed his resignation last week.

    The chief executive's resignation surprised and disappointed some shareholders because it followed one of the best performing weeks for Nine on the ASX since its $4b merger with Fairfax Media in 2018. Mr Marks told shareholders operating earnings would be 30 per cent up for the first half of the 2020-21 financial year at the company’s annual general meeting.

    Nine is still finalising an external agency to commence a search to replace Mr Marks, who will continue with the company until his successor is decided. The company has several internal candidates including Stan boss Mike Sneesby and chief publishing and digital officer Chris Janz who are considered the main contenders.

    A representative for Birketu (Mr Gordon's private investment vehicle) attended an investor day last week where Mr Marks apologised to shareholders and media analysts for the "drama". Mr Marks presented the company's business strategy alongside his key executives and no questions were asked about his decision to leave the company, which owns streaming service Stan, Nine radio, television and publications including The Sydney Morning Herald and The Age.

    It is unclear when Mr Gordon will return to Bermuda, but he is likely to stay in Australia for several more months. His remaining time in Australia could include securing a new affiliate broadcast deal with a metropolitan television broadcaster. WIN currently has a broadcast deal with Ten, which it signed in 2016, but it will expire early next year.

    Industry sources familiar with Mr Gordon's intentions have previously said he intends to strike a new affiliate deal with Nine. When Mr Gordon last negotiated a broadcast deal he held stakes in both Network Ten and Nine. His only stake in a metropolitan television company is with Nine after Ten went into receivership in 2017.

    https://www.smh.com.au/business/com...hanks-to-covid-exemption-20201122-p56grn.html
     
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  15. Gareth67

    Gareth67 First Grade

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    It’s good to see that young Bruce is looking fit and well . I do hope that the man will drop a few big brown papers bags full of cold hard cash into the joint ventures offices before he returns back to Bermuda .:moneybag:
     
  16. This Year?

    This Year? Coach

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    Now I know why channel 9 hates us. They probably wanted to replace our TV games with more Roosters games, then Bruce got wind of it and made a phone call.
     
  17. BLM01

    BLM01 First Grade

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    Funny thing is

    didn’t see too much dragons on channel 9 either
     
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  18. gregstar

    gregstar Referee

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    It is so f[_]cking hard explaining that to morons.

    The I own a company which engages in joint ventures with other companies when undertaking large contracts. These get reviewed at various stages of the contract.

    How hard can it be understanding that?!
    There are some ignorant f*cking gimps out there.
     
    Last edited: Nov 25, 2020
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