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Sharks cap superthread - latest: NRL clears Flanagan to assistant coach from 2020

King hit

Coach
Messages
14,062
He's the Justin Gatlin of rugby league!

t_1996-series-1-common-card0176_20170711055645.jpg
 

Generalzod

Immortal
Messages
33,853
Hearing from reliable folks at the Sharks that they may no longer get any payment for the development, with the NRL wanting to buy it out so the Sharks may start planning a move to Perth.

Groundbreaking.
Reliable lol that’s where I stopped reading
 

Generalzod

Immortal
Messages
33,853
Like I said, sht run clubs are damaging the chances of expansion so I have a vested interest in seeing how the poorer run clubs are fairing.

But less about me and Perth, and back to Cronulla and your financial woes, salary cap cheating and lack of sponsors shall we?
Willl get Sponsors don’t worry about us where in the NRL where are the Perth Pirates lol
 

taipan

Referee
Messages
22,500
They did, from their first windfall. However since paying that back you have had to borrow another $5.4million which will need to be paid back from the next installment. The money from the development seems to be disappearing at a rapid pace. But ey, you've won a GF. To rack up over (allegedly) $5mill in losses in two seasons is not a good look, especially given the on field success you've had in those two seasons.

The stages where the club profit share is involved to a far larger number of units ,is currently under construction, at the western side behind the ET stand.
You understand that the developers but it appears not, the developers get the profits on the first 300 plus units .With 650 in toto ,the difference on the later ones, involving a 50/50 profit share.So money will continue to flow, though not at the pace the club would like.Judging by the buildings under construction to complete this stage,it looks like end 2019 before it starts to roll in ,in any quantity.
You don't; secure loans unless the collateral is there in spades,these days.

Another 200 units on the Leagues club car park and retail site has been given DA approval involving profit for the club.Plus rental income for the retail development.Plus a hotel,

It was always going to be a short term cash flow issue.Bruno Cullen acknowledged the plusses even before the 200 extra units were given the go ahead.

When you have for example $600,000 worth of unsold 2016 G/F merchandise (no names),then you are hardly going to make money.
When you have peptide issues, payouts to players involved, payouts to Carney the ,NRL fines, the money comes from somewhere.
Thus if I were you I wouldn't be creaming my hate filled strides ATM, hoping for the Sharks to fold.
There has already been 5 expressions of interest for sponsorship over a couple of days, even prior to Johnson's signing.

The licensed club itself has used their money to refurbish the bistro and a new Chinese restaurant refurbished was opened on 29th November.So SFA money coming from the Licensed club.
 
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Generalzod

Immortal
Messages
33,853
The stages where the club profit share is involved to a far larger number of units ,is currently under construction, at the western side behind the ET stand.
You understand that the developers but it appears not, the developers get the profits on the first 300 plus units .With 650 in toto ,the difference on the later ones, involving a 50/50 profit share.So money will continue to flow, though not at the pace the club would like.

Another 200 units on the Leagues club car parkland retail site has been given DA approval involving profit for the club.Plus rental income for the retail development.

It was always going to be a short term cash flow issue.Bruno Cullen acknowledged the plusses even before the 200 extra units were given the go ahead.

When you have for example $600,000 worth of unsold 2016 G/F merchandise (no names),then you are hardly going to make money.
When you have peptide issues, payouts to players involved,payouts to Carney the ,NRL fines, the money comes from somewhere.
Shut the f**k up Taipan what the f**k do you know about the Sharks LOL Only Perth Red knows all things Sharks.
 

Perth Red

Post Whore
Messages
69,549
The stages where the club profit share is involved to a far larger number of units ,is currently under construction, at the western side behind the ET stand.
You understand that the developers but it appears not, the developers get the profits on the first 300 plus units .With 650 in toto ,the difference on the later ones, involving a 50/50 profit share.So money will continue to flow, though not at the pace the club would like.Judging by the buildings under construction to complete this stage,it looks like end 2019 before it starts to roll in ,in any quantity.
You don't; secure loans unless the collateral is there in spades,these days.

Another 200 units on the Leagues club car park and retail site has been given DA approval involving profit for the club.Plus rental income for the retail development.Plus a hotel,

It was always going to be a short term cash flow issue.Bruno Cullen acknowledged the plusses even before the 200 extra units were given the go ahead.

When you have for example $600,000 worth of unsold 2016 G/F merchandise (no names),then you are hardly going to make money.
When you have peptide issues, payouts to players involved, payouts to Carney the ,NRL fines, the money comes from somewhere.
Thus if I were you I wouldn't be creaming my hate filled strides ATM, hoping for the Sharks to fold.
There has already been 5 expressions of interest for sponsorship over a couple of days, even prior to Johnson's signing.

The licensed club itself has used their money to refurbish the bistro and a new Chinese restaurant refurbished was opened on 29th November.So SFA money coming from the Licensed club.

Which is all lovely but totally irrelevant to the $10mill advance payment you have had that you didn't seem to know about and that has been spent covering debt, debt that since paying off has ballooned out to over $5mill again.

I denied knowledge of ?
I said no such thing you dopey pathetic liar.
They haven’t even got one cent yet from the development
It won’t kick in until next year
 
Messages
1,421
PR - do you realise you are absolutely being trolled? Not one of these sharks fans is actually upset about what you say. They are playing you so you HAVE to keep getting the last word in you pathetic loser.
 

taipan

Referee
Messages
22,500
Which is all lovely but totally irrelevant to the $10mill advance payment you have had that you didn't seem to know about and that has been spent covering debt, debt that since paying off has ballooned out to over $5mill again.

The overall picture is completely relevant to the discussion and the future of the club , finances and ability to repay any loans incurred.
To suggest otherwise is plain dumb.Then that's what I expect.
 

PJ

First Grade
Messages
6,008
Wouldn't it be funny if all of PR's death riding the Sharks ended up being true and the NRL relocated them to Perth, thus ending his delusions of the the Pirates and giving him the choice of supporting the Sharks or giving up altogether on a team he can follow from the ends of the earth.
 

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