WA BEARS

[BuffaloRules]

You’re not wrong. Blokes a mad scientist and a very good one at that. Tripp and Ponissi (more recently) are equally smooth operators

Tripp made his money out of evil sports gambling though … and yes I am kidding

 

[Quicksilver]

Difference is your buying into an established low risk investment with instant known returns in Souths case.
A new start up costs and is inherently risky of how long till you get any money back.

If you had to spend $30mill on a license and another $20-30mill on set up costs how long do you think it would take to see any sort of return when most established clubs are lucky to make $1.5-2mil a year profit?

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.

 

[Mother Nature's Son]

Difference is your buying into an established low risk investment with instant known returns in Souths case.
A new start up costs and is inherently risky of how long till you get any money back.

If you had to spend $30mill on a license and another $20-30mill on set up costs how long do you think it would take to see any sort of return when most established clubs are lucky to make $1.5-2mil a year profit?

But surely investors aren`t buying into this to make money, like the old line ` you don`t invest in sporting teams to make money`, they`re buying in so WA can have an NRL team and they can enjoy the perks, prestige and thrills that being owners/investors associated with that.
Maybe just not enough of them ?

 

[Perth Red]

But surely investors aren`t buying into this to make money, like the old line ` you don`t invest in sporting teams to make money`, they`re buying in so WA can have an NRL team and they can enjoy the perks, prestige and thrills that being owners/investors associated with that.
Maybe just not enough of them ?

Up to a point. There's only so many billionaires in Australia who can afford to chuck huge sums away on a sporting folly. The rest are millionaires with a limit.

And again we dont actually know what the issue is. Is it lack of capital, lack of the amount the bids have said theyll spend on grass roots, the 13th hour introduction of a license fee, or just an excuse to save face because clubs or tv have said no?
No one yet knows what the actual issue is. Saying the 'business case doesn't stack up' could mean anything.

 

[Colk]

I get they feel the need to but if PNG is good to go. Bring them in to get rid of the bye. The others can wait until they are ready

If you want to get rid of the bye, kill off a side. There are a fair few that you could or should get rid of; most definitely including mine.

 

[BuffaloRules]

But surely investors aren`t buying into this to make money, like the old line ` you don`t invest in sporting teams to make money`, they`re buying in so WA can have an NRL team and they can enjoy the perks, prestige and thrills that being owners/investors associated with that.
Maybe just not enough of them ?

Also … the NRL is paying each club grants that pay the player, coaching and admin costs …( well they should cover all that) ..,

The risk of losing money is not what it used to be

 

[BuffaloRules]

If you want to get rid of the bye, kill off a side. There are a fair few that you could or should get rid of; most definitely including mine.

They also are trying to sell more content to get more money

 

[Quicksilver]

Up to a point. There's only so many billionaires in Australia who can afford to chuck huge sums away on a sporting folly. The rest are millionaires with a limit.

We should look overseas for some povo billionaires who can't afford a soccer team. It'll be like having an onsite van instead of a holiday house.

It's still fun but not everything you want.

 

[BuffaloRules]

Up to a point. There's only so many billionaires in Australia who can afford to chuck huge sums away on a sporting folly. The rest are millionaires with a limit.

And again we dont actually know what the issue is. Is it lack of capital, lack of the amount the bids have said theyll spend on grass roots, the 13th hour introduction of a license fee, or just an excuse to save face because clubs or tv have said no?
No one yet knows what the actual issue is. Saying the 'business case doesn't stack up' could mean anything.

Get Twiggy or Gina involved

 

[Quicksilver]

Get Twiggy or Gina involved

Gina is too busy having her old lady licked by the daily tele and weird boomers on Facebook for withdrawing money from "woke" netball. Heaven help us if the Bears end up signing a bear or something.

 

[BuffaloRules]

Gina is too busy having her old lady licked by the daily tele and weird boomers on Facebook for withdrawing money from "woke" netball. Heaven help us if the Bears end up signing a bear or something.

Could try to get Gina interested talking up the NRLW team they would have …

 

[MugaB]

Easts tigers put in a bid, I'm surprised their bid didn't have the financial clout to satisfy PVL.

They have the money but zero brains

 

[MugaB]

If you want to get rid of the bye, kill off a side. There are a fair few that you could or should get rid of; most definitely including mine.

No one wants that, you delete fans automatically and also more importantly content, content is king, and even the worst run side is worth watching up against a well run storm/panthers/dolphins/bronx etc, content and not pissing in fans has been the play from abdos/pvls tenure

 

[Iamback]

If you want to get rid of the bye, kill off a side. There are a fair few that you could or should get rid of; most definitely including mine.

Your side has very good figures as far as assets and money are concerned. Not to mention the benefit to Regional Southern NSW of having a side so close.

No reason to kill off anyone especially IF there is a bid that ticks the boxes

 

[Wb1234]

Maybe the meeting today is about the license fee… how much do you think it should be?

20 to 30 million

Plus 60 million from png

Almost five million for each of the 17 clubs which is pretty decent

Paying license fees encourages nrl clubs to want to expand

 

[Wb1234]

Why would the ARLC insist on a NS board rep, and why leave it this late to let the bid know that?
They've had months of negotiations with the two parties. Surely the time to raise the ARLC's preferred constitutional make up of the club was before the bid went in?

Maybe there was something in the bid or the way Cummins has conducted himself that was a red flag for the arlc ?

 

[Wb1234]

Also … the NRL is paying each club grants that pay the player, coaching and admin costs …( well they should cover all that) ..,

The risk of losing money is not what it used to be

Every club club should be making profits even expansion clubs

And over time the grants will increase further over the cap

 

[Wb1234]

Yeah … it’s a reasonable point… I have argued with you before that this whole process should have a lot more transparency …

$20mil is cheap … someone mentioned earlier that was the price someone paid for 25 percent of Souths …

I would say $30- 35m

If he doesn’t have that cash just give them 20,000 Rolex watches

 

[BuffaloRules]

Every club club should be making profits even expansion clubs

And over time the grants will increase further over the cap

It is an asset that has a value .. to say because a “risk” is involved seems pretty dumb

 

[Wb1234]

They will be a one twentieth owner of the NRL moving forward the same as Sourhs … along with sharing in the same NRL profits as them … if the recent sale of the Souths share values them at $80m … ( and that was 3 yrs ago) I think it’s a reasonable price IMO…

I’ll make it clear that this is my opinion only in case anyone might take offence

Dragons sold equity in their club for a value of 20 million

Manly were offered 20 million by Qatari investors and they said no

Souths was an outlier packer paid less on his valuation maybe 40 million

Broncos are worth around 105 million