Eels Fanatic said:
2) Simple answer = Denis Fitzgerald (took over the reigns in 1986). The pokie club has gotten bigger and better but the Leagues Club aka Eels suffered for many years under Fitzy's control of the coin. Funny that we had to put up with so much heartbreak in this period only to learn we could afford 5 Canterbury players who were ineligible to play for Super League due to thier ARL contracts for a measly $9,000,000.00. Our coach at the time (unnamed but who is still on the board with DF's cronies) promised us a new era in 1996 and delivered us more disappointment, only to be replaced with the best but unluckiest coach any sport has seen in Brian Smith (1997-2006).
Sterlo, Price, Cronin etc all from the 80's golden era still maintain that DF raped the Footy Club for his own power and benefit. We could have had a much more successful run of things if DF was not in control at the time. Any wonder we still haven't won a grand final with him still at the healm? Karma does some pretty amazing things I believe.
Okay time to pull you up sparky just on this answer.
First things first the Pokie club as you call it is the Leagues club, The Football club is the operation that ran the First grade side until 2001.
Denis was the Secretary at the club from 1980 on wards. He was in control of the club. Denis was part of the group that got Jack Gibson to the club.
Denis was part of the sponsorship committee with Alan Overton (Sponsorship Manager for Hardies) and they ran for the board of the Leagues club in 1985, Denis was elected Chairman in 1986 and stood down to become the CEO of the club in 1987 Alan Overton Was elected to the chair.
In 1986, Denis said the now famous lines, that the Football Club would never have to rely on the leagues club again for money with the Football club making a whopping $555,333 in profit from the 1986 premiership year.
Unfortunately the year after the Club did need a grant (it didn't make a profit and needed help from the leagues club). It was around this time that the leagues club started to refurbish to allow for more Pokies and a legit safety concern to be addressed.
The Club in it old configuration had a Door on O'Connell street under where the Promotional Screen now stands. This was the Main entrance and had the Box Office (ticketek) and bar inside. The Rear Entrance lead directly to the Pokies as far as I am told. I am two young to remember. The problem was, Patrons were coming out or being ejected from the club directly on O'Connell street and this was quite dangerous.
Because of the refurbishments the income of the club was significantly effected so much so that the club could no secure a loan with the Bank to allow them to finish the renovations, it was at this time that, Murry Wilson (I think) a Canadian who had a finance business in Parramatta steeped up to the plate and provided the club with an unsecured loan to finish the works.
During the Early 90's a Friend of my fathers worked in the Poker Machine industry. When the 9,000,000 dollar side was announced he said to my father and I, that he didn't know how they were doing it as they had problems signing the cheques to the Poker Machine Company. But by 1995 when the works were finalised at the leagues club and open it to the public and finally fully paid for, we had a bit of money to start throwing at players.
In reality the $ 9,000,000 team was for 7 players over 3 or 4 years. But no one ever thinks about that, and seem to think that the 4 Canterbury stars cost us 9,000,000 a year. The 9,000,000 was for
Dymock
McCracken
Jason Smith,
Pay
Ritson
Freeman and someone else I can't remember.
This Money came almost solely from Optus and the ARL, with notional Values paid by the clubs and the majority of money coming from the league or its sponsors. Fox for Super League and Optus from the ARL.
Also just on your Point that they were ineligible to play for Super League. They Signed SL contracts but went to court to get out of them feeling that they had not been given the full information on what they were doing. The Court agreed with them, and the players signed with the ARL to play in the ARL competition.
Lastly, the Idea that the eels was a cash cow in the late 1980s but had money syphoned of it for the leagues club is the Biggest joke I have ever heard in my life. There are 2 years, 2, where the club made a profit.
1986 - $555,333 (without leagues club grant)
2007 - $89 (after leagues club grant)