The so-called "Development" that didn't save us

[pommy shark]

KotH is right

The world is littered with failed property developers who used to do something else. The club should enter into a profit sharing agreement with a successful, well funded developer and accept that returns wil be less but risks even lower.

When all is done the leagues club needs to shore up its ability to fund the football club, it needs about $3mill a year for this and not all the problems of a $120mill property deal.

Board - do what you are good at - running leagues clubs - let property guys do property

 

[King of the Hill]

They're fair dinkum kidding.

They paraded the plans to the whole dumb thing for the media without even getting the go-ahead from government.

I think they even shelled out plenty of cash for replicas and plans to show off in the lobby of the leagues club that no one goes to.

The whole thing is extraordinary. A long running soap opera with no ending.

 

[Surely]

Board - do what you are good at - running leagues clubs - let property guys do property

.


:lol::lol:

 

[Bastard Squad]

The Sharks board will not run the property development, it will be a separate entity with a separate board, (although no doubt the Sharks will have 2-3 non-executive board members being the major share holder). It would have its own CEO and be run as a property investment company, not as a subsiduary of the Sharks.

 

[pommy shark]

BS - the whole seperate company thing is a veil for risk management - not business management - unless the Sharks get a real property guy heading up the show the Leagues club will run it as major shareholder

It will therefore go wrong

 

[King of the Hill]

Not only should they not run the development, they shouldn't even be responsible for getting it off the ground. Because they can't.

Get some two-bit lobbyist in to do all that and pay a success fee for getting it through.

 

[blacktip-reefy]

The Sharks board will not run the property development, it will be a separate entity with a separate board, (although no doubt the Sharks will have 2-3 non-executive board members being the major share holder). It would have its own CEO and be run as a property investment company, not as a subsiduary of the Sharks.

Exactly, & this is a great move. Woolaware Property Group. For thsoe that dont know, this concept is great for the Sharks & gives us money immediately once the approval is through. ofcourse, like KOTH & Surely say, you need a labor crook to make that happen.

 

[King of the Hill]

Getting it through two near-irrelevant levels of Government should be the easiest part of the whole thing.

 

[Surely]

This guy would be good Graham Richardson

http://www.smh.com.au/news/national...-in-the-shadows/2009/02/06/1233423496762.html

"I don't have to talk to ministers, I can get things done through other means," Mr Richardson said.
Asked to expand, Mr Richardson said he did not have to reveal any such thing.
"Often it's better not to talk to them [ministers] because if I do, people like you want to make something of it," he said.
"I have known people in the bureaucracy for years. I have lots of contacts, lots of ways to press for things. I can get done what I need to get done and I think I do it reasonably well and I cause no strife."
Mr Richardson has declared his lobbying for the developers Walker Group, Medich Property Holdings, Hardie Holdings, Bradcorp and Berowra Waters Marina P/L.

Money well spent

 

[Surely]

We'll even end up with a nice marina and a few waterfront restauraunts.

 

[Fein]

We'll even end up with a nice marina and a few waterfront restauraunts.

That'd be a given if you had an old warehouse that "suddenly" burnt to the ground. :sarcasm:

 

[spider]

How the hell is this the only option available?

its the most financially viable to eliminate the option of relocating

Why not just sell a package of the land?

dumb option, they are asset rich - it would be a silly move to reduce the only thing in their favour at this point in time

Also - how much money would ANZ Stadium pay? Seems they throw heaps of money at clubs to transfer games there. Homebush sucks but at least it's in Sydney.

i agree - homebush is sh*t

i would travel to Gosford and watch - but no chance will i go to watch another game at that stadium, its f**ked

and besides, the NRL should come to the party nicely if the games are taken up there

 

[King of the Hill]

Ha, Richo could do it in less than an hour.

 

[King of the Hill]

its the most financially viable to eliminate the option of relocating

How is relocating the best option in eliminating the need to relocate?

 

[spider]

How is relocating the best option in eliminating the need to relocate?

they are playing games away - they ARE NOT relocating

yes, we all have the sh*ts with the decision

but what solution do you suggest for thier short term survival?

 

[blacktip-reefy]

How is relocating the best option in eliminating the need to relocate?

merkins wont go to games in Cronulla KOTH. Its that simple.
Many predicted this a long time ago when the Sharks lost cult figures like ET , Presto & Peach. Instead we got flat Noddy ball & the crowds became less & less enthusiastic.
I went to a game against the Broncs at night, Freezing & was lucky to get in. The pearl ripped us up late in the game. f**k it was an exciting game to be at. A few years later, Et retired, Presto expelled, Peach unhappy, Treist blowing up deluxe & we are getting beat by 70. We have not inspired the crowds to return & we cant afford to buy the players that can. it was a good start with Baz, but we needed a Folau as well.

 

[King of the Hill]

If they play 9 games a year away from home then have they avoided relocating?

What about 11?

 

[spider]

they are talking 6 games - not 9

so, what would you suggest?

your critical of the stance taken, what would you do?

 

[blacktip-reefy]

yeah where did 9 come from?

 

[Russell Crowe's Band]

its 5 to the coast and 1 to the town with no cheer

im all for it if it makes enough money to survive this dificult period.