Uncle Nick Politis

[Perth Red]

The pokies are garbage (I wish they stayed out of pubs) but for all the carnage and social destruction they cause, you could argue alcohol is doing the same thing but on a much grander scale. Yet clubs aren’t criticised for taking those dollars? Governments have social responsibilities too and while they’re addicted to gambling/alcohol revenues, clubs should be free turn a profit too. At least we know they’re giving back to the community.

LC revenue is tiny from alcohol compared to pokies (around 10% compared to 90%). Dont disagree with the sentiment though.

 

[Quicksilver]

don’t you have a schools comp in Sydney? Even RL backwater Perth has a high school comp.

Yes. We do.

 

[T-Boon]

Yes. We do.

don’t you agree we should improve the game in high schools with better competitions?

 

[Quicksilver]

don’t you agree we should improve the game in high schools with better competitions?

Not really. I think the weekend clubs are in a better position to do the work of Rugby League.

And the school day is already crowded enough.

 

[T-Boon]

Not really. I think the weekend clubs are in a better position to do the work of Rugby League.

And the school day is already crowded enough.

The local clubs have been doing the work and in my opinion they haven't been doing a very good job especially growing the game into expansion areas and I am not sure how the game could put more into local clubs.
School level is a better level to try to get growth for instance taking over the elite schools like the GPS schools.

 

[Quicksilver]

The local clubs have been doing the work and in my opinion they haven't been doing a very good job especially growing the game into expansion areas and I am not sure how the game could put more into local clubs.
School level is a better level to try to get growth for instance taking over the elite schools like the GPS schools.

Sure, go and ask the GPS schools if they’d like to come across to the battler’s game. I’m sure they’d be up for it.

The posh parents would love it.

 

[T-Boon]

Sure, go and ask the GPS schools if they’d like to come across to the battler’s game. I’m sure they’d be up for it.

The posh parents would love it.

Firstly, the game needs to stop saying it is the working class game. It should be for all classes. Why would we cut off the rich class.
Secondly, we have a leader now who is up for a challenge so why not try to get RL played in affluent schools and suburbs. It couldn't hurt.

 

[Quicksilver]

Firstly, the game needs to stop saying it is the working class game. It should be for all classes. Why would we cut off the rich class.
Secondly, we have a leader now who is up for a challenge so why not try to get RL played in affluent schools and suburbs. It couldn't hurt.

Great idea. Write to the NRL and tell them.

Better yet, write directly to the GPS schools.

They are doing such a great job in developing talent for Rugby Australia.

 

[T-Boon]

Great idea. Write to the NRL and tell them.

Better yet, write directly to the GPS schools.

They are doing such a great job in developing talent for Rugby Australia.

I think Kings and Joeys would have zero interest but the schools those two pound week in week out may be interested in playing a comp that was on TV on Fox League. North Sydney Boys High for example should have a league team....

 

[Quicksilver]

Write to Fox League and asks them to broadcast North Sydney High School games every week.

 

[T-Boon]

The Schoolboys cup starts today. Farrer v St Edwards. Streamed by the Daily Telegraph.

 

[Quicksilver]

f**k, that’ll get me across the line for an Uncle Rupert Subscription.

 

[blue bags]

Roosters chairman Nick Politis preparing $500m parting gift for his club


For the past 25 years, Roosters chairman Nick Politis has sat in the same seat — row N, bay 62, seat 1 — at Allianz Stadium to watch his beloved team.

When the stadium is knocked down following next Friday’s Michael Buble concert, the SCG Trust will give Politis the seat as a souvenir.

It's a nice touch but a more pressing question is how much longer will Politis, 76, be sitting on the throne of the Roosters?

Master of all he surveys: Nick Politis in his seat at Allianz Stadium.CREDIT:CARL DRURY/SCG TRUST

Will a grand final victory over the Storm on Sunday night prompt Politis to step back and hand over the chairmanship?“No mate,” Politis said. “I haven’t thought about retirement”.

Then he let out his signature giggle.

“Can we just wait and see if we win first? One step at a time. But I won’t be retiring.”

Politis certainly understands, though, that he can’t run the club forever and is preparing for the future. His end-game is to deliver a property portfolio worth $500 million before he finishes.

He might have made his way in the world selling cars but much of his fortune can be attributed to property. He was last year ranked No.82 on The Australian Financial Review's Rich List with an estimated wealth of $773 million.

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On his watch, the Roosters have snapped up Waverley Bowling Club, Berkeley Sports, Kingswood Sports Club and Woy Woy Leagues. They also plan to turn North Bondi Golf and Diggers Club into a multi-purpose sports centre.

The centrepiece is a redeveloped Easts Leagues in Bondi Junction. The club has snapped up most of the property on the L-shaped block on the corner of Spring Street and Bronte Road with a long-term plan to turn it into a lucrative high-rise development.

Politis knows his club can’t survive on poker machine revenue forever and wants to leave it in safe hands for the next custodians of the club.

“That should be any chairman's objective,” he said. “At the moment, our commercial property is valued at $120m and we have no debt. Next year, we will have $10m in cash in the bank. We’re in a very good position financially,Now to the small matter of finding the next chairman.This column raised the question at the start of the year when rumours started floating around that Politis was about to stand down. It is no closer to being answered.

Former David Jones boss Mark McInnes was being prepared to take over but he’s since left the board. Former Nine boss David Gyngell is a possibility. So, too, is businessman Mark Bouris.

Powerful TV executive Mark Fennessy is an important board member who was fundamental in getting fullback James Tedesco to the club when Politis refused to deal with Tedesco’s manager, Isaac Moses, after a spectacular fallout.

But Fennessy, like many on the club’s high-powered board, doesn't have the time to juggle work life and Roosters’ life.

“I want to make sure whoever takes over has the time, enthusiasm and passion to make sure the club continues to be successful,” Politis said. “We have some good candidates on our board. We’ll sort something out.”
Uncle Nick usually does.

https://www.smh.com.au/sport/nrl/ro...arting-gift-for-his-club-20180927-p5068k.html

 

[blue bags]

Sydney office buildings are changing hands at a record pace, with more than A$120 million (US$94.2 million) worth of deals recently struck and more towers hitting the block.

In the largest move, car dealer Nick Politis, who is best known as chairman of the Sydney Roosters rugby league club, and property investor Matthew Lepouris have bought Rowlandson House on Castlereagh Street in the heart of the city’s luxury retail precinct.

Read the full story on The Australian here. (Subscription required)

https://www.wealthx.com/intelligenc...-chairman-nick-politis-buys-rowlandson-house/