Perth Red
Post Whore
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They are not in debt now.With money in the Bank est to be $18m, as a result of the finalisation of the development ,leaving the retail rental to the developers, leaving the ground for a couple of years so the developer can get work done quicker, and get a new Leagues club and any losses in the couple of years they are away from the ground covered by the developer.
Developers move in for the retail stage,that also includes 200 units ,and a hotel.
Leagues club paid for out of the $40 m they get from the developer ,as well as debt up to end of 2019.
Third biggest junior numbers in Sydney I understand.
I can see a new Norths scenario. If Sharks fans wont travel to watch games at Shark Park what hope they'll go to Kogorah for games? I hope they have invested that money wisely!