Show me the article then
No
Show me the article then
Haha because you haven’t read it? Fair enough
Raiders are one of the more asset rich clubs in the NRL. They've been very smart over the last 15 years.Add the Raiders to that list as well. There has been a fair few clubs that have gone broke in the NRL.
You can't demand somebody provides you an article from site with paywall. Go pay for it
Yeah they were applying for $30mil in funding to build their high performance centre. The claims of potential financial ruin were highly sensationalist.If my memory is correct, Cowboys were speaking about the need to upgrade their facilities to stay competitive with the other clubs. Clubs have state of the art facilities for fitness and training.
I hope the $20m loan we took out doesn't end up becoming a noose around our neck. The Titans were done in by their CoE shortly after the GFC.Yeah they were applying for $30mil in funding to build their high performance centre. The claims of potential financial ruin were highly sensationalist.
I don't have access to that specific article (who'd pay for that shit), but here are a couple links with detail on what happened-
https://statements.qld.gov.au/statements/92054
https://www.coliseum-online.com/cowboys-training-centre-beacon-of-hope/
TL/DR, Pippen is just being dishonest again.
Titans financial problems were in 2014 well after GFCI hope the $20m loan we took out doesn't end up becoming a noose around our neck. The Titans were done in by their CoE shortly after the GFC.
Their debt was tied to the CoE. The contracts for the CoE were draw up just before the GFC. Then the GFC hit and it forced them to spend more money than planned as the cost of labour and materials sky-rocketed and money from sponsors and attendances dried up as people were feeling the pinch. It hung around their neck like a noose for years, building up debt until Michael Searle was forced to admit the operation was bust.Titans financial problems were in 2014 well after GFC
Just another example of a regional club falling overTheir debt was tied to the CoE. The contracts for the CoE were draw up just before the GFC. Then the GFC hit and it forced them to spend more money than planned as the cost of labour and materials sky-rocketed and money from sponsors and attendances dried up as people were feeling the pinch. It hung around their neck like a noose for years, building up debt until Michael Searle was forced to admit the operation was bust.
Like Cronulla a few years back?Just another example of a regional club falling over
Happens way too often
Fake news. None of those clubs ‘fell over’.Like Cronulla a few years back?
St George?
Wests Tigers?
Souths before Holmes-a-Court and Crowe bailed them out?
I forgot, they're from Sydney.
Souths were never bailed out by the NRL, the members voted to be privatisedSouths before Holmes-a-Court and Crowe bailed them out?
Agree none of those clubs ever went into administration like the Warriors did twice or Gold Coast multiple times or NewcastleLike Cronulla a few years back?
St George?
Wests Tigers?
Souths before Holmes-a-Court and Crowe bailed them out?
I forgot, they're from Sydney.
PVL begged Greenberg not to relocate Cronulla nor kick them out when they were in trouble a few years ago.Fake news. None of those clubs ‘fell over’.
They were struggling to compete and needed to privatise to be where they are today. There's a reason they were given the boot in 1999.Souths were never bailed out by the NRL, the members voted to be privatised
And are now one of the strongest clubs on all metrics
No that was the flawed criteria that protected regional clubs that went bust a few years laterThey were struggling to compete and needed to privatise to be where they are today. There's a reason they were given the boot in 1999.
How's the Hobart Hellraisers sound? You're a goose of highest order.And what about the cities that will never get an NRL club? Its taken 23 years to expand the NRL by 2 clubs.