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The Development

Messages
22,147
I believe there is a disagreement about one remaining thing. Remember the roof issue last year? This is it again. We own the fit out so it isn't that.

Annnnyway Kareela is doing well. Money still in bank. NRL grant alone keep us afloat and is growing year on year. Worst case we could sell Westpac in Cronulla. Sell Kareela. Sell the ground. We aren't bleeding cash and are super f**king tight hence this disagreement with the developer. The question is how much cash are we leaving behind not having the leaguesy? Even if the issue is sorted tomorrow we wouldn't see the club for another 12 months to do the fitout. We won't be there next season given a 12 month fit out.

That is my take. Park the cash in BTC for 6 months and sell for a 35% gain then reinvest in the upcoming dip to 10x by 2030. Coinbase just sponsored us. Beg them for some bitcoin instead of the few hundred k they pay us. Sharks sent a coinbase survey out recently and I hope you all responded. The first club that becomes the crypto club will be the ultimate winners. Carn the Crypto.com Cronulla Sharks.

if theres a sharks memecoin thatll be funny

no ape jpegs pls
 
Messages
16,032
I believe there is a disagreement about one remaining thing. Remember the roof issue last year? This is it again. We own the fit out so it isn't that.

Annnnyway Kareela is doing well. Money still in bank. NRL grant alone keep us afloat and is growing year on year. Worst case we could sell Westpac in Cronulla. Sell Kareela. Sell the ground. We aren't bleeding cash and are super f**king tight hence this disagreement with the developer. The question is how much cash are we leaving behind not having the leaguesy? Even if the issue is sorted tomorrow we wouldn't see the club for another 12 months to do the fitout. We won't be there next season given a 12 month fit out.

That is my take. Park the cash in BTC for 6 months and sell for a 35% gain then reinvest in the upcoming dip to 10x by 2030. Coinbase just sponsored us. Beg them for some bitcoin instead of the few hundred k they pay us. Sharks sent a coinbase survey out recently and I hope you all responded. The first club that becomes the crypto club will be the ultimate winners. Carn the Crypto.com Cronulla Sharks.

K, You obviously have made a bit of money with Bit Coin but if the admin ever invested in it can you imagine the AGM? I don’t think the membership would go for it one little bit. Lol.
 

shadowboxer

First Grade
Messages
7,168
It was a simple honest news grab for those still watching free to air. Shame no one really cares. CEO trotting out the line it’s the developers fault is utter bullshit
 

shadowboxer

First Grade
Messages
7,168
It is the developers fault. They knew what they were doing doing and we didn’t. Totally their fault.
So in reality it is our fault. What other numbskull organisation would let this occur, oh maybe those looking after North Cronulla Surf Club. The fact they didn’t call the club out for incompetence is a head scratcher.
 

Ozzi_78

First Grade
Messages
7,903
So in reality it is our fault. What other numbskull organisation would let this occur, oh maybe those looking after North Cronulla Surf Club. The fact they didn’t call the club out for incompetence is a head scratcher.
I was being sarcastic, we done f**ked it up. Again.
 
Messages
22,147
So in reality it is our fault. What other numbskull organisation would let this occur, oh maybe those looking after North Cronulla Surf Club. The fact they didn’t call the club out for incompetence is a head scratcher.
who, the news?
what are they going to say?

most of the info is commercial in confidence
 

roboshark

Coach
Messages
18,301
Has everyone seen the latest post on facebook. Yes I know it's FB so maybe I'm the idiot. Didn't read too good

Hi all, I got this sent to me regarding the club situation. I'm not sure how true it is, but please all read. It is from a reliable source. This is from a club insider.

Hi Mark and everybody. Perhaps the following might shine some light on what is happening with the club:
● A club insider has revealed the latest position of the development of the New Leagues Club.
● the design and layout have not been released to members
● the design does not allow for an auditorium nor a large presentation area.
● there is no provision for office space.
● there is no restaurant. The outsourced eating area is the northern deck.
● the ability to use the full extent of the floor area is restricted by two Fire Exits that feed onto the field and are for the evacuation of the whole complex.
● the available cash to complete the fit out is insufficient, and borrowings of in excess of $25m will be needed to complete the works, which are estimated at $45m.
● any cash at the bank will be gone, and repayments of loans and interest will be financially untenable.
● this will mean the club will be worse off financially than it was a decade ago before all the development was started.
● sad and unpalatable allegations if true that are not being talked about.

All I can think of is that every member sends Dino an email to see if he is prepared to give an answer to this. As members you are all able to find out what is going on. Feel free to copy the bullet points in the message and post response back to this post.
Dino Mezzatesta [email protected]
 
Messages
15,863
I'm very dubious about this @roboshark
I have recently been told what the issue going on is, and it is nothing of these sorts, not even remotely close.

I've read the farcebook posts, and I'm sorry I'm not sure I can take the word of someone giving someone else's anonymous opinion and creating hysteria.
All the financials of the club are laid out to bare, this doesn't match with them at all.

But hey, I'm just an anonymous poster (to some) on a message board, I do get solid info though usually. Who knows, the smoke screen may be big, I just don't think it is in what has been posted.
 

roboshark

Coach
Messages
18,301
I'm very dubious about this @roboshark
I have recently been told what the issue going on is, and it is nothing of these sorts, not even remotely close.

I've read the farcebook posts, and I'm sorry I'm not sure I can take the word of someone giving someone else's anonymous opinion and creating hysteria.
All the financials of the club are laid out to bare, this doesn't match with them at all.

But hey, I'm just an anonymous poster (to some) on a message board, I do get solid info though usually. Who knows, the smoke screen may be big, I just don't think it is in what has been posted.
Yeah I'm not as close to it BBB so thought I would post even though form Facebook. I should know better
 

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