WA BEARS

[Perth Red]

Funny, people have been saying Perth needs strong financial backing for years. Oh wait, I've been saying that!!

Funny nrl seemed to be happy with $30mill+ $450mill investment, then came someone’s brain fart that they should pay another $20mill for the privallage of spending $480mill.

 

[Pippen94]

Funny nrl seemed to be happy with $30mill+ $450mill investment, then came someone’s brain fart that they should pay another $20mill for the privallage of spending $480mill.

In July.

 

[Perth Red]

In July.

Allegedly beattie rang the bid after submissions went in and congratulated them on an ‘outstanding’ bid. I guess they hadn’t thought of screwing them over at that point?

 

[Matt_CBY]

 

[Pippen94]

Allegedly beattie rang the bid after submissions went in and congratulated them on an ‘outstanding’ bid. I guess they hadn’t thought of screwing them over at that point?

When did western bears renege on fee?!

 

[Maximus]

Broncos, the largest rugby league club, market cap on ASX is $94m. Don't know what multiple you attach to it for a takeover, let's say a 30% to 40% premium on the current price. Suggest much smaller clubs are well short of $100m.

If everything is so 'blue sky' with the NRL and owning a club as some write on here, there would be a line from Sydney to Brisbane of rich people wanting a slice of the pie.

Let's hope whoever gets the licence makes it work and is for the betterment of the game.

Gobsmacked is basing his valuation on his love of the game, not any financial realities.

You're right, if teams were as valuable and as profitable as some of the numbers thrown around here, billionaire would be lining up trying to buy a team.

 

[Perth Red]

When did western bears renege on fee?!

You mean the section that asked what optional fee They’d pay?
Presumably their response was in the tender from the day it went it In.
So either Beattie didn’t actually look at it before congratulating them or the nrl changed its position post his telephone call. Which was it I wonder?

 

[Pippen94]

You mean the optional fee? Presumably it was in the tender from the day it went it In.
So either Beattie didn’t actually look at it before congratulating them or the nrl changed its position post his telephone call. Which was it I wonder?

What were the options?! Paying and entering NRL or not & bid being dead?!

 

[AlwaysGreen]

Jesus Christ, this is the one time in my life I wish fumbleball was on, just to give AFL Red something else to do.

 

[Canard]

Why won't the V'landys sycophants answer the security not fee question?

A $20M Bank Guarantee is a sensible idea.

 

[flippikat]

Why won't the V'landys sycophants answer the security not fee question?

A $20M Bank Guarantee is a sensible idea.

That's a really good point - and just asking for a lump sum of cash which (at least in part) goes to incumbent clubs doesn't sound like a security against "worst case" potential losses at all.

 

[Perth Red]

Why won't the V'landys sycophants answer the security not fee question?

A $20M Bank Guarantee is a sensible idea.

The 5 year license agreement is up in 2 months. Nrl has to renegotiate with clubs who will want their pound of flesh. Trust me this and png license fee is going straight in their pockets.

calling refusal to pay their bribe a poor business case is laughable, even for Vlandys.

 

[Pippen94]

That's a really good point - and just asking for a lump sum of cash which (at least in part) goes to incumbent clubs doesn't sound like a security against "worst case" potential losses at all.

If Perth goes under so does 20 million. Fee gives NRL funds to step in.

 

[Pippen94]

The 5 year license agreement is up in 2 months. Nrl has to renegotiate with clubs who will want their pound of flesh. Trust me this and png license fee is going straight in their pockets.

calling refusal to pay their bribe a poor business case is laughable, even for Vlandys.

Laughing at that billion dollar revenue

 

[BuffaloRules]

f**k this is boring.

I’ve actually been offline today … did I miss any news ?