I like the bit about "former glamour team" gee these reporters as tossers, one unsuccessful season and they write everyone off.
Sponsor bails out on Roosters
By Mark Skelsey
August 18, 2005
THE Sydney Roosters' woeful season has just got worse, with the club left $242,000 out of the pocket after the collapse of a key jersey sponsor.
The company controlling a fortnightly magazine called the Car Buyers Guide has been placed into voluntary administration with total debts of $2.1million.
The company's administrators say the Roosters club has almost no hope of recovering any of the $242,000 in sponsorship money it is owed and have recommended the company be liquidated.
This year, the Roosters' jersey arm sleeve has featured the words "Car Buyers Guide".
The company's collapse is more bad news for the former glamour team, which is on track to miss out on the finals for the first time since 1995.
The company, called Car Buyers Guide Pty Ltd, was only created in May last year, with its two officeholders being Roy Makari, of Merrylands, and John Barakat, of Glenhaven.
According to an administrators report, the Roosters signed a sponsorship agreement with the company on November 9 last year, just two days before the first edition of its magazine went on sale.
The company undertook a major television, radio and billboard advertising campaign to support the release of its fortnightly car sales classifieds magazine in November 2004.
The magazine accepted advertisements from 80 car dealerships.
However, the guide recorded low sales which were unable to fund newsagency and distributors' expenses, the report said.
The report said high printing costs, declining sales and intense competition in the car sales industry contributed to its downfall.
The Roosters' marketing manager Richard Fisk voted to accept an offer from a person to buy the company for just $95,000, but this deal fell through when the person's cheque bounced, the report said.
Makari and Barakat together lent the company nearly $1million in an attempt to keep it solvent, but this was unable to save the magazine with its last issue printed on June 30.
Andrew Vouris, a supervisor for Car Buyers Guide administrator Vouris and Bell, said that when the company went into administration it had nothing in the bank.
It was revealed last week that the Penrith Panthers club was trying to recover $220,000 owed to it by a property development company, the JLB group, which is the club's shorts sponsor.
The same company reportedly owes the Cronulla club $180,000 as a jersey sleeve sponsor. Fisk did not return a phone message left from The Daily Telegraph yesterday.
The Daily Telegraph
Sponsor bails out on Roosters
By Mark Skelsey
August 18, 2005
THE Sydney Roosters' woeful season has just got worse, with the club left $242,000 out of the pocket after the collapse of a key jersey sponsor.
The company controlling a fortnightly magazine called the Car Buyers Guide has been placed into voluntary administration with total debts of $2.1million.
The company's administrators say the Roosters club has almost no hope of recovering any of the $242,000 in sponsorship money it is owed and have recommended the company be liquidated.
This year, the Roosters' jersey arm sleeve has featured the words "Car Buyers Guide".
The company's collapse is more bad news for the former glamour team, which is on track to miss out on the finals for the first time since 1995.
The company, called Car Buyers Guide Pty Ltd, was only created in May last year, with its two officeholders being Roy Makari, of Merrylands, and John Barakat, of Glenhaven.
According to an administrators report, the Roosters signed a sponsorship agreement with the company on November 9 last year, just two days before the first edition of its magazine went on sale.
The company undertook a major television, radio and billboard advertising campaign to support the release of its fortnightly car sales classifieds magazine in November 2004.
The magazine accepted advertisements from 80 car dealerships.
However, the guide recorded low sales which were unable to fund newsagency and distributors' expenses, the report said.
The report said high printing costs, declining sales and intense competition in the car sales industry contributed to its downfall.
The Roosters' marketing manager Richard Fisk voted to accept an offer from a person to buy the company for just $95,000, but this deal fell through when the person's cheque bounced, the report said.
Makari and Barakat together lent the company nearly $1million in an attempt to keep it solvent, but this was unable to save the magazine with its last issue printed on June 30.
Andrew Vouris, a supervisor for Car Buyers Guide administrator Vouris and Bell, said that when the company went into administration it had nothing in the bank.
It was revealed last week that the Penrith Panthers club was trying to recover $220,000 owed to it by a property development company, the JLB group, which is the club's shorts sponsor.
The same company reportedly owes the Cronulla club $180,000 as a jersey sleeve sponsor. Fisk did not return a phone message left from The Daily Telegraph yesterday.
The Daily Telegraph
