WA BEARS

[Wb1234]

That makes no sense from a business case point of view, unless the Norths group are going to throw in some serious money, which so far it seems they havent been willing to do.

According to another poster they may be to get 15 percent equity

Get bears to have board seats and use the money to bribe existing clubs … win win

 

[Dragonwest]

I agree. A Rugby League club in Perth is a mindboggling risk. Lots of downside and not a lot of potential upside. You would need everything to go right for it to be successful. Chance of making money? 1% and the best possible return would be what? 5%? I wouldn't fork out $1000 on it.

If a NRLWA side takes the participation rate in the state back to the Reds days (when Perth's population was significantly less) you grow the game at grass roots by 4-5% ..... yeah not a lot of upside at all.

 

[Perth Red]

According to another poster they may be to get 15 percent equity

Get bears to have board seats and use the money to bribe existing clubs … win win

NSFC have no money, it would need to be Norths collective LC group, and so far they have given no indication they want to invest anything. Hence why Western Bears bid has said they will fund NS pathways.

 

[Wb1234]

NSFC have no money, it would need to be Norths collective LC group, and so far they have given no indication they want to invest anything. Hence why Western Bears bid has said they will fund NS pathways.

Norths leagues / norths same thing

Norths leagues own 7 licensed premises including a league club in the tweed area

 

[Perth Red]

Norths leagues / norths same thing

Norths leagues own 7 licensed premises including a league club in the tweed area

People who know much more about Norths than you or I suggest it most def is not the same thing.

 

[Wb1234]

People who know much more about Norths than you or I suggest it most def is not the same thing.

It’s what I meant when I said norths might buy a share

Seeing you panicking that it might only be 18 teams and png being the final team has been kinda funny though

 

[Bukowski]

Did the Dolphins play a license fee?

 

[Perth Red]

It’s what I meant when I said norths might buy a share

Seeing you panicking that it might only be 18 teams and png being the final team has been kinda funny though

No panic, for me it’s Deja vue and something I predicted at the beginning of this more recent expansion journey, I’ve followed rugby league long enough to not be surprised by anything.

 

[Perth Red]

Did the Dolphins play a license fee?

Nope, but the clubs got their $5mill grant increase as it was tied into the start of the new tv deal. The problem with what the nrl is trying to do is bring in clubs mid tv contract So unless tv are willing to renegotiate they don’t have the extra revenue if clubs are demanding a backhander to say yes. They should have sorted that out before we got this far into the process. To now say clubs need to offer more when it wasn’t in the criteria for submission is pathetic. It wouldn’t happen elsewhere in business I can tell you.

unlike afl who has the revenue and can invest $300mill in their next expansion club nrl doesnt and can’t and now finds itself at the whim of the other clubs, yet again.

 

[Wb1234]

Nope, but the clubs got their $5mill grant increase as it was tied into the start of the new tv deal. The problem with what the nrl is trying to do is bring in clubs mid tv contract So unless tv are willing to renegotiate they don’t have the extra revenue if clubs are demanding a backhander to say yes. They should have sorted that out before we got this far into the process. To now say clubs need to offer more when it wasn’t in the criteria for submission is pathetic. It wouldn’t happen elsewhere in business I can tell you.

unlike afl who has the revenue and can invest $300mill in their next expansion club nrl doesnt and can’t and now finds itself at the whim of the other clubs, yet again.

1 billion of govt money is going to support the Tasmanian afl team

 

[BuffaloRules]

NSFC have no money, it would need to be Norths collective LC group, and so far they have given no indication they want to invest anything. Hence why Western Bears bid has said they will fund NS pathways.

They have “ assets” though according to the Bears guy…

Are these of value?

 

[AlwaysGreen]

1 billion of govt money is going to support the Tasmanian afl team

I know this makes you happy but relevance here is?

 

[BuffaloRules]

Nope, but the clubs got their $5mill grant increase as it was tied into the start of the new tv deal. The problem with what the nrl is trying to do is bring in clubs mid tv contract So unless tv are willing to renegotiate they don’t have the extra revenue if clubs are demanding a backhander to say yes. They should have sorted that out before we got this far into the process. To now say clubs need to offer more when it wasn’t in the criteria for submission is pathetic. It wouldn’t happen elsewhere in business I can tell you.

unlike afl who has the revenue and can invest $300mill in their next expansion club nrl doesnt and can’t and now finds itself at the whim of the other clubs, yet again.

Your beloved AFL again …

Please explain the $5m grant increase ? ( Per club?) with the Dolphins admission?


Was there any expense admitting Dolphins.. or did the players and coaches play for free?

 

[RedVee]

I feel that it will get sorted this week after PVL has lit a fire on it.

My view is that it would be extremely embarrassing for the WB’s to fall over at this stage.

Nobody wants that.

 

[Bukowski]

Nope, but the clubs got their $5mill grant increase as it was tied into the start of the new tv deal. The problem with what the nrl is trying to do is bring in clubs mid tv contract So unless tv are willing to renegotiate they don’t have the extra revenue if clubs are demanding a backhander to say yes. They should have sorted that out before we got this far into the process. To now say clubs need to offer more when it wasn’t in the criteria for submission is pathetic. It wouldn’t happen elsewhere in business I can tell you.

unlike afl who has the revenue and can invest $300mill in their next expansion club nrl doesnt and can’t and now finds itself at the whim of the other clubs, yet again.

It would be very embarrassing if expansion ends with PNG after they talked up 20 teams.

 

[Matt_CBY]

NSFC have no money

China always has money.

 

[Wb1234]

Your beloved AFL again …

Please explain the $5m grant increase ? Per club?) with the Dolphins admission?


Was there any expense admitting Dolphins.. or did the players and coaches play for free?

He’s mixing things up

Clubs wanted an increase in the grant from 3 million over the cap to five million over the cap to agree to expansion

They will demand even more to agree to a 20 team comp and also from the tv deal which will go up a lot

This helps any expansion team and also the existing ones

Don’t be surprised if the grant ends up being 10 mill over the cap

Players clubs and qrl and nswrl all will ask for more money as the games revenues go up

 

[Matt_CBY]

No panic, for me it’s Deja vue and something I predicted at the beginning of this more recent expansion journey, I’ve followed rugby league long enough to not be surprised by anything.

It’s definitely been panic.

 

[Wb1234]

It’s definitely been panic.

Plus his storm lost and hull kr will lose to Wigan this weekend

 

[Perth Red]

They have “ assets” though according to the Bears guy…

Are these of value?

only if you sell them and use the money!