Ratsack - The $10m up front will make a huge differnece to our operation. We currently pay big money in interest on loans every year. That is money straight down the drain and is what currently threatens us the most. Once the development is approved this comes down to manageable levels and the bank is off our back.
The rents from the retail side are supposed to be $1m+ per year. This gives us some additional income and does not consider the flow on affect to the leagues club. Better facilities means more people in the area, means more patrons for the leagues, means better financial results etc.
The income stream from the residential side will take a while to kick in but will provide a nice amount of cash that will need to be invested smartly.
Will we be the richest club in the comp, no way but we will have a much more sustainable business model than most. We are used to living within our means so any windfalls can be used well to improve the club. When the NRL grant goes up to match the salary cap it will be another boost to our situation.
