What's new
By:
Advanced search…
The Front Row Forums

Register a free account today to become a member of the world's largest Rugby League discussion forum! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

NZ 2 .. 360 million dollar bid

W

Wb1234

Immortal
Messages
34,417
Red&BlackBear said:
Is this $360m inclusive of infrastructure costs? That’s how it reads.

Is it essentially like WA Governments $400m commitment for the same thing?

Only difference is NZ $360m includes start up fees and license fee + all the fat trimmings whilst WA Gov’s $400m+ was strictly for infrastructure on the condition WA got an NRL club?

If so then good stuff. That’s how the cash should be spent if an area/bid are serious about getting a franchise.
Click to expand...
Inclusive of 90 million coe (some of the money to come from govt) and also the proposed hotel / entertainment district of 160 million
 
AlwaysGreen

AlwaysGreen

Post Whore
Messages
50,459
My secret sources have told me that NZ2 are in - on the provisos that they hook up with Glebe. And a $20.0004 million licence fee. I'll pm the secret society the details.
 
B

Billythekid

First Grade
Messages
6,837
It’s a shame that most of these clubs are so far away. If PNG isn’t coming in until 2028 we might not see teams like this or Perth until 2030+. Such a shame as NZ is crying out for a second NRL team and it’s such a good time.
 
P

Pippen94

First Grade
Messages
7,289
Billythekid said:
It’s a shame that most of these clubs are so far away. If PNG isn’t coming in until 2028 we might not see teams like this or Perth until 2030+. Such a shame as NZ is crying out for a second NRL team and it’s such a good time.
Click to expand...

Why?!
 
Perth Red

Perth Red

Post Whore
Messages
69,881
Lowe, who coached the Manly Sea Eagles, Wigan and Queensland, is joined by long-time colleague Andrew Chalmers, a former New Zealand Rugby League chairman as Orcas managing director. The pair were former owners of the Bradford Bulls club in England. The bid team also includes former NRL chief financial officer Ed Farish, former Gold Coast Titans chief executive Michael Searle, former New Zealand representative player Phil Bergman and ex-Canterbury Rugby League chairman Simon Doig.

It claimed the club would be funded by "a South Island-based group of private equity investors with a capital base of $NZ60 million".
Chalmers told The Press from Sydney he would not reveal the identity of the Orcas' backers at this stage.

He said a successful bid was "big business' 'and would require "businessmen and women with big pockets'' but he was confident the Orcas had the support to "make it work''.

www.nine.com.au

League great fronts relaunched $325m bid for NRL team

'We are ready'
www.nine.com.au www.nine.com.au
 
Canard

Canard

Immortal
Messages
35,615
It says they will spend $A325m, but then says their private equity funders have a capital base of $NZ60M.

1731050824641.jpeg
 
Perth Red

Perth Red

Post Whore
Messages
69,881
Canard said:
It says they will spend $A325m, but then says their private equity funders have a capital base of $NZ60M.

View attachment 96387
Click to expand...
They’re saying they have $60mill to pay license and set club up. Then $100mill to spend on a CofE. The rest is some speculative talk about hotels and pubs in the city but that’s been an add on since bids were declined and seems a PR exercise at this time.

Be interesting given the board are not the investors what the investors expect back for their investment? Is this club going to start up with huge debt to third party loans from the investors?
 
Special K

Special K

Coach
Messages
19,560
Orcas is a bad arse name especially compared to Kea. Christchurch is such a weird city and needs something to get people there. They should get a team just because of the Kidwell mural.

43676-Service%20File.jpg
 
You must log in or register to reply here.

Latest posts

Top