Don't be a dickhead all of your life.
I never said they're not entitled to it under the current agreement. I said the annual grant should only cover the salary cap, but that would require the ARLC to put thar condition in writing when the current agreement expires. It won't happen.
When you're confronted about your statements you claim you never made them in the first place. I've provided quotes of your original claims to prove you're lying through your teeth.
At the time they were unviable due to stadium rental fees, leasing office space and loss of sponsorship. This led to them being $4.9m in debt by 2015. That was with an annual grant that wasn't 130% of the salary cap.
Since then, the stadium rental fee was lowered and they've their office to something more affordable. They're well sponsored now.
None of this changes the fact the Cronulla Sharks were $5.9m in debt by the end of 2018 and were asked by Todd Greenberg to justify their existence in the NRL. That was when they were receiving an annual grant that was 130% of the salary cap.
You cannot shit on the Titans without mentioning Cronulla's predicament in 2018.
Argh, so you're a crazy conspiracy theorist. The only reason more posters don't call you out on your bullshit is because they hate my guts for speaking the truth about the Sydney clubs. I'm dealing with incredibly biased people who have no principles and only care about their clubs. You're a charlatan telling them what they want to hear because you need their approval. These people routinely call for the Titans to be axed. Just like you did a few posts ago. If you had a life you wouldn't be so desperate for approval from people who don't give a shit about you.
You said the Titans should have been left to die you f**ken liar:
You said it. Own it. Stop lying. Knock off the gaslighting.
Before December 2016 the amount of money the clubs were given to spend to cover football operations outside of the salary cap was much lower.
You conveniently overlook the fact Cronulla found themselves in debt to the tune of $5.5m in 2018, despite receiving more money from the ARLC to spend on football operations than the Titans got when they were in debt to the tune of $4.9m in 2015. Titans were a basketcase on the field in the lead up to 2015. Cronulla won a premiership in 2016.
If a club cannot draw enough revenue from ticketing, membership, sponsorship and corporate hospitality to remain viable just two years after winning their maiden premiership then it has no chance of ever being able to do so.
I'm telling it like it is. You get what you deserve.
They were forced to play by a different set of rules to the Sydney clubs and it f**ked them over. Similar to what happened to the Cowboys, Reds, Crushers and Warriors in 1995. The Queensland government and ARLC were to blame for expecting too much from a new club that was still finding its feet.
The Sydney clubs are lucky that they never had to pay $2.6m per annum on exhorbitant stadium rental fees and a lease for office space.
Cronulla didn't have these hurdles in front of them, yet they ended up in more debt than the Titans in 2018.
Why are you lying when the information on the annual reports prove you're full of shit?
Are you hoping no one will bother to read the annual reports?
In 2021 the Cowboys generated $8,986,580 from sponsorship and corporate hospitality plus $8,962,305 from ticketing and membership. That puts their revenue from football operations at $17,948,885. Gaming revenue for the season was just $16,153,703. I obtained this information from p19 of the Cowboys 2021 Annual Report
. The annual grant was over larger than $18m due to concessions for COVID-19.
In 2020 gaming revenue was higher than revenue from football operations by $3m due to COVID-19 limiting how many people could attend matches.
In 2019 the amount from football operations was $16,251,760. Gaming machine revenue was $14,670,139. Don't take my word for it. See for yourself by visiting the 2019 annual report from their website.
Revenue from football operations is listed on p15 under Marketing and operating sales ($9,226,922)
and Match day ($6,869,643).
Combined that is $16,251,760. The annual grant was $13,555,375.
Once again you've been exposed as a f**ken liar.
Read the annual report. On p19 it provides data for Consolidated and Parent. The football club falls under "Consolidated" and the annual report mentions how much it made from Sponsorship income ($8,986,580), Merchandise sales ($1,371,381), Membership income ($3,029,838) and Game day and event income ($5,932,467). I didn't include the figures from Parent as that's the Leagues Club.
The only annual report you provided was the one for the Roosters in 2021 because it was unavailable on the club's website. I got the rest from the websites of the clubs.[/URL]