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Rumours and Stuff

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19,396
Does anyone find the Dogs letting Davey go just odd?
I mean henwouldnt of costed a lot more then say 200k. This year half his contract is already paid. So even if we took over his contract for the rest of this year amd next I couldn't see it costing us more then 300k. If the Dogs did pay more then 200k then we are to shroud to of been paying overs so they'd be chipping in a little.

The Dogs are in an injury crisis. It doesn't make much sense as they wouldn't be saving hardly anything compared to a MIN wage player. I can only assume there was some sort of disagreement between Davey and to other players or coaching staff and was a mutual decision. It isn't like they would of free up much salary cap space at all.

Could be enough to help them extend another player's contract, and upgrade the current year portion of it.
 

Gronk

Moderator
Staff member
Messages
77,889
Does anyone find the Dogs letting Davey go just odd?
I mean henwouldnt of costed a lot more then say 200k. This year half his contract is already paid. So even if we took over his contract for the rest of this year amd next I couldn't see it costing us more then 300k. If the Dogs did pay more then 200k then we are to shroud to of been paying overs so they'd be chipping in a little.

The Dogs are in an injury crisis. It doesn't make much sense as they wouldn't be saving hardly anything compared to a MIN wage player. I can only assume there was some sort of disagreement between Davey and to other players or coaching staff and was a mutual decision. It isn't like they would of free up much salary cap space at all.
Dogs reggies are doing well and they can probably cover Davey's spot for half the price. He left us for a payrise to Manly. We tried to get him back but Gus trumped us. Gus didn't sign him cheap.
 

TheCrowe

Juniors
Messages
1,513
Does anyone find the Dogs letting Davey go just odd?
I mean henwouldnt of costed a lot more then say 200k. This year half his contract is already paid. So even if we took over his contract for the rest of this year amd next I couldn't see it costing us more then 300k. If the Dogs did pay more then 200k then we are to shroud to of been paying overs so they'd be chipping in a little.

The Dogs are in an injury crisis. It doesn't make much sense as they wouldn't be saving hardly anything compared to a MIN wage player. I can only assume there was some sort of disagreement between Davey and to other players or coaching staff and was a mutual decision. It isn't like they would of free up much salary cap space at all.
They have just figured out they have no halfback and they arent cheap.
 

Chipmunk

Coach
Messages
17,406
or he didn't want to be there, he's played his best footy at Parra

who knows ? Maybe ask him
To be honest I thought he was pretty decent at Manly. Manly seem to have a knack in recent seasons of getting value out of what are really very very unfashionable NRL types. In the current squad they have Parker, Harper, Croker, Johns, and Keppie that to me seem all like very ordinary standard.
 

TheRam

Coach
Messages
13,911
Tyson Smoothy looks like he has so much potential to me.
How many times has be been QLD cup player of the year?

I like them smooth.

But seriously, he seems a lot better then the old geriatric. If he can tackle effectively, I'd take him in a heart beat and offload Raine and probably Yates too.

Also he is available for 2024 right now.
 
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Gazzamatta

Coach
Messages
15,694
To be honest I thought he was pretty decent at Manly. Manly seem to have a knack in recent seasons of getting value out of what are really very very unfashionable NRL types. In the current squad they have Parker, Harper, Croker, Johns, and Keppie that to me seem all like very ordinary standard.
Manly had to punt him to afford Schusters $800k. Ffs Seibs!
 

Chipmunk

Coach
Messages
17,406
I’d still like to know how much we wasted on Murchie and Momoisea. My bet is about $350 to $400k collectively. It’s lower end but still a brain fart from management.
Particularly given that Davey was available at the same time, and we knew what we were getting (and I suspect at a lower price).

Davey reminds me of a bit of a David Gower type of personality, maybe not as good a player. He seems like the type of guy who is good around the Club.
 

TheRam

Coach
Messages
13,911
I know this is a few months old but I hadn't seen it before.

Does anyone know when Sarantinos says we made $1m profit is that the Football Club side and where he says $20m is that the Leagues Club part? Also are they profits before tax or after tax?

Also does anyone know how we are going to make a handy earnings from our COE?

Also does anyone know anything about the Dural Country Club we are thinking of amalgamating with? Are they a big powerful wealth club?

Also to the nong that posted this earlier somewhere by simply doing a cut and paste of a pay walled headline. Thanks for being so uselessly helpful.


Dec 16, 2022 – 2.56pm
The once-struggling Parramatta Eels club will diversify its income stream away from poker machines by leasing commercial and retail space in a new $65 million rugby league facility.

The move is being made before potential gambling reforms by the NSW government that could drastically cut the income of the Parramatta Leagues Club, which owns the football club.

The Eels’ centre of excellence is being built in the Sydney suburb of Kellyville and will be the largest dedicated rugby league facility in the country, with five playing fields. It is due to be completed in 2024.

“We’ve gone from a significant loss-making enterprise back five or six years ago to a club that has generated profits in excess of $1 million in each of the past three years,” Eels chief executive Jim Sarantinos said.

“This is quite a strong result given the history of the club and given the landscape of rugby league.”

All three levels of government have chipped in to build the new sports centre: $33 million from the NSW government; $15 million from the Commonwealth; more than $10 million from Hills Shire Council; and about $4.5 million from the Eels NRL club.

The club’s new-found success has been on and off the field. The Eels have featured in five of the past six NRL finals series, and made it to this year’s grand final before they were beaten by the Penrith Panthers.

Away from the field, the club’s commercial income is now about $20 million a year, an increase of about 51 per cent from 2019.

Commercial, broadcast income


The club’s commercial income comes mainly from sponsorship, memberships, game-day revenue, merchandise and hospitality.

The Eels NRL club also receives funding via the NRL’s broadcast agreement with Foxtel and Nine, which publishes The Australian Financial Review.

“Thankfully over the past three years, we’ve been able to get ourselves to a position where the football club is profitable in its own right,” Mr Sarantinos said. “So, we’re not dependent on funding from the leagues club for our sustainability.”

The property income from the Kellyville facility will add a third major source of revenue.

The Eels, like many other clubs, had traditionally relied on poker machine income for funding.

But in NSW, Premier Dominic Perrottet is pushing to turn poker machines cashless after the NSW Crime Commission warned they were being used to launder millions of dollars in illegal cash.

The move has generated opposition from clubs and hotels, which rely on poker machine income, and comes less than four months out from the state election.

NSW government data shows that clubs in greater western Sydney house more poker machines and generate more revenue per premise than in other parts of the state.

Parramatta Leagues Club is a major pokie venue, housing about 440 of the approximate 1200 machines in the local government area.

The Eels’ turnaround has been remarkable. In 2016, the Parramatta board was sacked and replaced with an administrator after officials were accused of using inflated invoices to secretly pay players.

By that stage, the Eels already had been fined by the NRL for cheating the salary cap, had competition points deducted and certain officials at the club were deregistered.

The administrators put in place a new structure that allowed the directors of the football club to operate without interference.

NRL chief executive Andrew Abdo, who is negotiating a salary cap with clubs about how much they can spend on players next year, wants each club in the competition to have its own community-based sports centre.

“I think that the Eels leadership, the board, their chairman [Sean McElduff] and CEO [Mr Sarantinos], have done a terrific job. As an NRL club, they have performed well on the field ... and also off the field,” Mr Abdo said.

“Parramatta is in the heartland of Sydney, and all our clubs are community-based clubs and the Eels have done a terrific job of connecting with their community.

“[The Eels’] strategy and mission of diversifying their revenue should be commended.

“Our mission is that every one of our 17 clubs has a fortress, a home stadium, and a centre of excellence for male and female players, boys and girls.

“The Eels centre is an example of a community asset, with community access to green areas and space to play touch, tag and tackle grassroot competitions.”

Clubs that already have centres of excellence include the North Queensland Cowboys, Brisbane Broncos, Wests Tigers, the Panthers and the Manly-Warringah Sea Eagles.

The St George Illawarra Dragons, Canterbury-Bankstown Bulldogs, South Sydney Rabbitohs and Cronulla-Sutherland Sharks are among the NRL teams at various stages of planning to build their own centres.

Boardroom chicanery

The view that NRL teams should be doing more to diversify away from pokies income is shared by Christopher Brown, chairman and founder of the Western Sydney Leadership Dialogue, a regional not-for-profit think tank.

“They’ve shaken up the governance of the club because of the past chicanery in the boardroom,” Mr Brown, a self-confessed Eels tragic, said.

“There’s been a constant reform agenda under the new management and now it’s about their social licence.

“Western Sydney has been the base of rugby league, but for too long it’s been under the shadow of pokies. Other clubs and the league should also be moving towards a better, more sustainable economic future.”

Non-pokie income

Parramatta Leagues Club is also looking to diversify its revenue away from pokies. The club also has its own construction pipeline, including a $5 million project to create a new dining area. The long-term goal is for the leagues club to be seen more as a premium hospitality venue than a pokies den.

The club has also absorbed smaller clubs that might struggle under any potential reforms to poker machine laws. Members of Parramatta Leagues Club will soon vote on a proposal to amalgamate with Dural Country Club.
 

oldmancraigy

Coach
Messages
11,966
@TheRam
Sarantinos is football club CEO. So one assumes he is reporting on profit related to the football club.

I'm not sure what the 20M refers to. It may be income not associated with the NRL team OR pokies (given the tone of the article).
From memory the financial statements showed almost 100M in total revenue with just over half of that coming from the pokies.

You can probably google the report
 

JokerEel

Coach
Messages
13,726
I’d still like to know how much we wasted on Murchie and Momoisea. My bet is about $350 to $400k collectively. It’s lower end but still a brain fart from management.

Murchie is a second Rower for me but he's been used in the middle. He was hitting good holes when at the Warriors.

I hope they were on minimum.

Just remember though Greig was purchased a few years ago and is only just getting a good run in first grade so who knows if these 2 plan to stick around for that long.
 

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