I can't see it myself, but never say never.

[Ziggy the God]

where exactly is this money coming from?

your leagues club?

rusty?


i'm intrigued...

It's called sponsorship and memberships.

 

[mongoose]

Another ex raider making his name as a coach.

Unfortunately there is probably sfa chance of him coming back to canberra.

 

[Big Sam]

I'm sure Rusty will be glad to hear that, maybe he can get his zero interest coin back and put it to good use.

Club is profitable so the owners are starting to get a ROI.

 

[some11]

Maguire is going nowhere.

Maguire leaving Souths - Confirmed.

 

[BranVan3000]

Maguire has a five year plan at the club that includes building a High Performance Centre. He is a longterm coach who won't go anywhere until he feels the need for a new challenge ala Bennett.

No doubt half the clubs in the competition would love his services though.

 

[Mr Spock!]

The best coaches in the game are tied up with Stuart at the Eels, Bellamy (Storm), Maguire (Rabbits), Bennett (Knights), Price (Dragons).

Broncs/Cows should go for Brian Smith/ Kearney.

I thought Lockyer was being groomed as a coach.

 

[BunniesMan]

The best coaches in the game are tied up with Stuart at the Eels, Bellamy (Storm), Maguire (Rabbits), Bennett (Knights), Price (Dragons).

Broncs/Cows should go for Brian Smith/ Kearney.

I thought Lockyer was being groomed as a coach.

:lol:

 

[Bandwagon]

Club is profitable so the owners are starting to get a ROI.

That's incorrect. Check your annual report, Interest on these loans has been waived until 2015,


When the interest is included as notional SSDRFL reports a loss.

The below is taken from the 2012 Members company annual report. The figures are for the SSDRFC as a related company.

Trading profit ( ebitda ) for 2011 was a loss of 17,411.

Trading profit ( editda ) for 2012 was a profit of 258,504.

Notional interest ( that is the interest that has been waived ) for 2012 is 459,839.

Do the maths, that means if Crow and Phac were recieving a return on investment you then have a loss of 201,335. for 2012. ( total loss was 864,226 )

Top this off with balance sheet that shows a negative equity ( assets less liabilities ) of around 3 Million dollars and any one with half a brain could surmise that SSDRFC does not have a "bucket load of money" to throw at Maguire.

Which was the point of my comment.