Karmawave
Bench
- Messages
- 4,950
so what happens to the titans when that sponsorship ends?
Its their facility mate, they aren't going to be kicked out.
It's being built for them. They won't be just tenants pending a sponsorship.
so what happens to the titans when that sponsorship ends?
wow, that's quite a sponsorship. :shock:Its their facility mate, they aren't going to be kicked out.
It's being built for them. They won't be just tenants pending a sponsorship.
wow, that's quite a sponsorship. :shock:
at least they're getting loans to invest the money.. rather than getting loans to stay afloat. an enviable position.
It might be a $13 Million loan, however if the facility is worth $30 Million that is a fair chunk of equity they have in it. How many other clubs have $17 Million free to spend on such stuff? It's a bit of a no brainer for the Bank - have very good security...but the club must be making some strong profit to be able to service the debt.Actually I should clarify too, the Titans are owners of the facility, and did have financial input into the project. ( They actually took out a massive bank loan for it ) They did so after their initial sponsors who were going to build it went into liquidation.
Its completion is a year late because of this.
Here's an interesting link. Had no idea they went into so much personal debt. It had always been potrayed that a sponsor was building it - which is true - but the Titans financial commitment has been kept much more low key.
Hmmm big investment.
http://www.goldcoast.com.au/article/2009/05/29/83165_gold-coast-business.html
Haha god help us if we lose to the Panthers whether it stops us getting in to the 8 or not, we'll sure hear about it.
Don't write off the Panthers. We are not the finished product and yes we do rely heavilly on two or three individuals such as Lewis, Jennings and Petro.
Discount us at your own peril because as it stands we are one win in front of you guys and have a comparable differential.
I don't know about your run in as I have bothered to check as I believe we have to do the business and it is pointless worrying about what the other sides competing for the eight do.
It is concievable that we won't win another game.
I am almost prepared to change that to "likely"