You are completely out of the loop.The Sharks do not ,have not paid one cent toward toward the development.The Developers got the land for the residential,and the club will receive the profits from the sales of unit no
313 up.$43m expected.
There is no debt other than the $3.5m owed to the private backer and the legals /fines.The $600,000 fine will be spread, get the facts right .
In fact the developer as the junior Cron Caringbah club lost it's field ,will be getting a brand new club house and ground at Cronulla high..
And in regard to the local derby ,which agin you have no clue,the crowd who actually attended was 14,800.In today's Leader the thunderstorm and lightning influenced 3,000 paid up fans(people who paid to go) stayed away.
Compared to what the Broncos get in a city of 1.5m <that I hardly pweak.If Qld can't get crowds for the current expansion clubs,then Perth warrants a team more so than Qld
Before you go into a rant check the facts.
Memo the code doesn't have to lock itself into just Sydney,they can expand as they were supposed to do in 95.There can be 20 teams in 2 divisions if need be.
Maybe you should do some research and check your own facts. You saying that two teams in Sydney, at the local derby that had less than 15 thousand, for two teams mind you, is better than one team the Brisbane Broncos that has had 42 thousand and 33 thousand for their two home games. ???
As for your other figures, it is much the same as South Oz AFL. They were carrying on like pork chops throwing our tens of millions of dollars figures.
Here i will show you how any club can make themselves look like billionaires. This is what they announced.
40 odd million win for selling of two liciences, Power and Port i think. Plus they also said that they will benefit from another 60 million direct from the AFL funding them.
That is the whole state of South Australia, which is basically only 1.5 million anyhow.
Now the reality, this was over a fifteen year period.
So break down 100 million over 15 years comes to 6 odd million a year for the whole state of AFL in this city.
Now compare that to the NRL, and how much they spend on each of our two states for rugby league.
200 million over 4 years, so 50 million a year for the two states.
That is outside the clubs payments.
So NSW close to 30 million, Queensland maybe a bit less around 20 million, each year.
So South Australia afl are going to have around 6.5 million funding,
Queensland NRL is going to have around 20 million
NSW will have around 30 million funding.
That is all outside the 50 million in profit the nrl is now banking each year.
The sharkies on the other hand did a scale of what they would make for the sale of that development, and the result was they would recieve 1.5 million a year over the next 20 or 30 years.
Mate, that will be chewed up by ground repairs , players wages going up, staff and other items.
The Broncos spit out 1.5 million just for upgrades of Gym equipment and training gear.
The sharkies are toast, the longer they fight their existence, the harder it will be for anyone to even want a part of them.
Sometimes the best decisions are the hardest to make. I could be wrong but if the Sharkies fight this, i will give them 5 years before its all over for good.
The more Dave smith travels around the countries to see opportunities our code is missing out on, the faster his mind is being made up.
Their are millions, millions waiting for a NRL team while sydney splutters, flounders with huge crowds of 15 thousand to blockbusters.
That is why other codes are walking in and grabbing ground off our heartlands, they see a code that cant grow and just walk in and take over.
