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Singo backs down to back up Bears
Adrian Proszenko
July 17, 2011
EXCLUSIVE
"He's a rugby league fan and he's invested into the stadium many years ago" ... Greg Florimo. Photo: Getty Images
SINGO is again getting behind the Bears. John Singleton has agreed to a $2 million deal to help ensure the Central Coast Bears are the next franchise to obtain an NRL licence.
The multimillionaire advertising guru has long been an advocate of a rugby league team in the Gosford region but vowed to walk away after the Bears were overlooked in favour of the Gold Coast when the competition last expanded.
However, he has had a change of heart and, through the Bluetongue Stadium he owns, will become a shareholder in the franchise if it is granted an NRL licence. The Bears will make a statement this morning confirming the arrangement.
The development is a huge boost for the Bears, who are battling with Brisbane, Central Queensland, Perth, Ipswich, Wellington and Papua New Guinea for entry into the league.
Singleton has had a long involvement with the game and in 2005 was awarded a life membership at the Newtown Jets, the foundation club which he had supported for so long.
The entrepreneur and racing identity was disenchanted after the NRL last knocked back the Central Coast and was quoted as saying in 2008: ''I made that clear last time, here's a $50 million bank guarantee but I want it while I'm still young enough to enjoy it … You feel really insulted when you have got the ground and money and they still tell you to get f---ed.''
Singleton wants to stay in the background this time and the investment has been made through his Central Coast Stadium rather than personally.
''He's a rugby league fan and he's invested into the stadium many years ago,'' Bears chief executive Greg Florimo said. ''Obviously, he'd love to see the stadium attract big crowds every second weekend and that's what the Central Coast Bears can deliver.
''With this decision on the stadium's behalf, hopefully we can reinvigorate Singo to come back and love the game like he once did.
''He's got a soft spot for rugby league and a soft spot for the Central Coast, so this fits in nicely.''
Bluetongue Stadium managing director, Monique Marks, added: ''We'd love to see a team on the Central Coast and this is a commercial decision for the stadium. That's why we've decided to invest our money and to become a shareholder.''
The Bears have taken several steps towards NRL admission including signing up 7000 financial members; attracting 90 cash sponsors; preparing an official bid document and topping the 25,000 follower mark on Facebook.
The club had also previously secured Bluetongue Stadium as their home ground.
''It is a world-class stadium and it will give us a platform to build our shareholding base with the club and a platform to connect with the community,'' Florimo said.
''The league needs to see a required amount of capital in the bank and this investment gives part of that capital. It doesn't guarantee a licence for us but it certainly adds weight to our argument.''
Read more: http://www.smh.com.au/rugby-league/...ck-up-bears-20110716-1hj3l.html#ixzz1SJBSXTxj
Adrian Proszenko
July 17, 2011
EXCLUSIVE
![ipad-art-wide-greg-florimo-420x0.jpg](http://images.smh.com.au/2011/07/16/2497527/ipad-art-wide-greg-florimo-420x0.jpg)
SINGO is again getting behind the Bears. John Singleton has agreed to a $2 million deal to help ensure the Central Coast Bears are the next franchise to obtain an NRL licence.
The multimillionaire advertising guru has long been an advocate of a rugby league team in the Gosford region but vowed to walk away after the Bears were overlooked in favour of the Gold Coast when the competition last expanded.
However, he has had a change of heart and, through the Bluetongue Stadium he owns, will become a shareholder in the franchise if it is granted an NRL licence. The Bears will make a statement this morning confirming the arrangement.
The development is a huge boost for the Bears, who are battling with Brisbane, Central Queensland, Perth, Ipswich, Wellington and Papua New Guinea for entry into the league.
Singleton has had a long involvement with the game and in 2005 was awarded a life membership at the Newtown Jets, the foundation club which he had supported for so long.
The entrepreneur and racing identity was disenchanted after the NRL last knocked back the Central Coast and was quoted as saying in 2008: ''I made that clear last time, here's a $50 million bank guarantee but I want it while I'm still young enough to enjoy it … You feel really insulted when you have got the ground and money and they still tell you to get f---ed.''
Singleton wants to stay in the background this time and the investment has been made through his Central Coast Stadium rather than personally.
''He's a rugby league fan and he's invested into the stadium many years ago,'' Bears chief executive Greg Florimo said. ''Obviously, he'd love to see the stadium attract big crowds every second weekend and that's what the Central Coast Bears can deliver.
''With this decision on the stadium's behalf, hopefully we can reinvigorate Singo to come back and love the game like he once did.
''He's got a soft spot for rugby league and a soft spot for the Central Coast, so this fits in nicely.''
Bluetongue Stadium managing director, Monique Marks, added: ''We'd love to see a team on the Central Coast and this is a commercial decision for the stadium. That's why we've decided to invest our money and to become a shareholder.''
The Bears have taken several steps towards NRL admission including signing up 7000 financial members; attracting 90 cash sponsors; preparing an official bid document and topping the 25,000 follower mark on Facebook.
The club had also previously secured Bluetongue Stadium as their home ground.
''It is a world-class stadium and it will give us a platform to build our shareholding base with the club and a platform to connect with the community,'' Florimo said.
''The league needs to see a required amount of capital in the bank and this investment gives part of that capital. It doesn't guarantee a licence for us but it certainly adds weight to our argument.''
Read more: http://www.smh.com.au/rugby-league/...ck-up-bears-20110716-1hj3l.html#ixzz1SJBSXTxj
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