He we go...again

[taipan]

This was done just before the board elections. Was this political timing?

I'm sorry to all that are seeing the positive side but I've got a very bad feeling about this.
I would like to see what the projected income from the sale of apartments, and the rent from the retail sector was, compared to this new deal before i jump for joy.
I also would like some transparency on where the money is being invested and how much it will earn the club.
How many times has the club got hand outs, or windfalls, only for it to be squandered?
What makes the mob in charge now any different?

Agree with, the how the money is to be invested comment.

Think the situation re the property market for houses and units in a downturn may well have influenced the decisions.They expect this downturn to last for some time.Even Harry Triguboff continues to build units ,has stated its tough, but because he doesn't need to borrow rents unsold units.I look around the Shire and there are still decent numbers of smaller developments such as villas/townhouses being screened off,nothing happening.

Throw in an almost certain change of Govt Federally and the effect of changes to capital gains taxes for property investors.

Added to the NRL Greenburger spending all this year on the ins and outs of expansion,and whether it should be 18 teams or relocation to remain at 16.Maybe just maybe this was our chess move.We wanted to get to Park Lane rather than stay on Old Kent(oops) Road.

We have a debt carried forward ,expect another this year, fines due ,and an ageing Leagues club that attracts some not many.I'd rather have money in the bank, than carry a growing debt, and an ageing League club.

IMO desperate times call for desperate measures.
If we didn't have this option, we'd be looking at catching the red eye to Perth to watch the team.Stuff that, and all who sail in her.

 

[bad boy bubby]

Is anyone else getting annoying advertisements pop up at the bottom of the screen (PC not mobile) this morning?

I'm getting them on my mobile.
They are not pleasant.

 

[bad boy bubby]

Agree with, the how the money is to be invested comment.

Think the situation re the property market for houses and units in a downturn may well have influenced the decisions.They expect this downturn to last for some time.Even Harry Triguboff continues to build units ,has stated its tough, but because he doesn't need to borrow rents unsold units.I look around the Shire and there are still decent numbers of smaller developments such as villas/townhouses being screened off,nothing happening.

Throw in an almost certain change of Govt Federally and the effect of changes to capital gains taxes for property investors.

Added to the NRL Greenburger spending all this year on the ins and outs of expansion,and whether it should be 18 teams or relocation to remain at 16.Maybe just maybe this was our chess move.We wanted to get to Park Lane rather than stay on Old Kent(oops) Road.

We have a debt carried forward ,expect another this year, fines due ,and an ageing Leagues club that attracts some not many.I'd rather have money in the bank, than carry a growing debt, and an ageing League club.

IMO desperate times call for desperate measures.
If we didn't have this option, we'd be looking at catching the red eye to Perth to watch the team.Stuff that, and all who sail in her.

Fair points.
I suppose I'm wary because of our failings before when we've had cash influx.

 

[Ads]

It's not the worst outcome. If they build what is proposed for the leagues club the increased patronage will be a huge boost and should mean the leagues club can prop up the football club for the ongoing future. The icing on the cake would be a full host of sponsorship which takes even less stress off the club. Looks likely we get a stadium sponsor pretty soon and possibly a main sponsor taking over the front of jersey.

 

[Russell Crowe's Band]

best to be skeptical bubbs.

 

[Dragon Slayer]

It's not the worst outcome. If they build what is proposed for the leagues club the increased patronage will be a huge boost and should mean the leagues club can prop up the football club for the ongoing future. The icing on the cake would be a full host of sponsorship which takes even less stress off the club. Looks likely we get a stadium sponsor pretty soon and possibly a main sponsor taking over the front of jersey.

Yup the Leagues Club is the key going forward. They have to get this so right it’s not funny. This has to be the cash generation machine going forward and if done right it can be. The rest will be extras.

 

[MilkShark]

I'm getting them on my mobile.
They are not pleasant.

I keep clicking them off but they keeping coming

 

[Craigshark]

It's not the worst outcome. If they build what is proposed for the leagues club the increased patronage will be a huge boost and should mean the leagues club can prop up the football club for the ongoing future. The icing on the cake would be a full host of sponsorship which takes even less stress off the club. Looks likely we get a stadium sponsor pretty soon and possibly a main sponsor taking over the front of jersey.

I thought ACE Gutters was FOJ?

 

[bad boy bubby]

I keep clicking them off but they keeping coming

Yep.
Let's not beat around the bush anymore
It's f**ked.

 

[MilkShark]

Yep.
Let's not beat around the bush anymore
It's f**ked.

I'm too scared of getting banned again by mods otherwise i'd have written that too

 

[bad boy bubby]

I'm too scared of getting banned again by mods otherwise i'd have written that too

They've actually cut down now on mine.
Not as bad
So not so f**ked
Haha

 

[taipan]

Fair points.
I suppose I'm wary because of our failings before when we've had cash influx.

Better to be wary ,than. adopt the devil may care attitude.The investments must be done wisely.eg Maybe Govt infrastructure projects .
I've put my share of money in, via a wall plaque which I cannot see now, merchandise that can fill a sport's store and membership year after year after year.
You can get 2.55% in a term deposit for 3 years ATM.Of Course they need 3 times that figure, and that's the real test of their expertise.

PS We got a Premiership ,that's priceless.Thus some sort of recompense, added years to my life.

 

[MilkShark]

They've actually cut down now on mine.
Not as bad
So not so f**ked
Haha

haha some of them take it way too serious

Anyone seen Carch, i'm assuming he was given a mod holiday also?

 

[Feej]

After years of following this mob and all the pain it entails I have no confidence that this windfall will secure the clubs future. I reckon we're back having the same relocation/fold conversation again in less than 10 years.

 

[chewsta]

haha some of them take it way too serious

Anyone seen Carch, i'm assuming he was given a mod holiday also?

Yeah I agree man. I've just been allowed back from a suspension in the last couple of days, for shit I was saying in the Debellin thread which wasnt even that bad.
Havn't seen Carchy in here in a while. You might be right and he is on a forced holiday too.

 

[fizman]

haha some of them take it way too serious

Anyone seen Carch, i'm assuming he was given a mod holiday also?

Mate, I think he accidentally left his screen open and Mrs Carch read about Thursday night action - she has given him a holiday, not the Mods.

 

[MilkShark]

Yeah I agree man. I've just been allowed back from a suspension in the last couple of days, for shit I was saying in the Debellin thread which wasnt even that bad.
Havn't seen Carchy in here in a while. You might be right and he is on a forced holiday too.

Yeah it's weird, some of the BS that gets written in these forums and the mods are cool with it. Then I / you get banned for something that isn't even bad. I really question it sometimes.

Carch throws out some good bait, must have offended one of the teams the mods support.

 

[MilkShark]

Mate, I think he accidentally left his screen open and Mrs Carch read about Thursday night action - she has given him a holiday, not the Mods.

hahahahhahahhahahahaaha

That's gold Jerry, gold!

 

[ghoti]

Deal buys us another 5-10 years to become financially sustainable...it might be short term but we were clearly f**ked tomorrow let alone in a decade. It's one less reason for the NRL to fold our license, but really they're gonna make the call on a strategic plan which is probably going to hit us first anyway. Who knows? I feel a lot more positive knowing we're no longer $9mill in debt!

 

[Dragon Slayer]

Mate, I think he accidentally left his screen open and Mrs Carch read about Thursday night action - she has given him a holiday, not the Mods.

I can’t remember why he said Thursday nights was allocated as root night. f**k it’s funny that everyone knows about it.