Official Cronulla Sharks Board + Management

Joined
Jun 22, 2010
Messages
11,409
Reaction score
132
Location
Lost at sea.
Do golf clubs actually turn a profit though? Is it a large golf club? From what ive seen they have struggled in recent years due to declining memberships and younger golfers not joining clubs?
 

HaroldBishop

Megalodon
Joined
Mar 8, 2012
Messages
55,161
Reaction score
7,965
Location
Sydney
Do golf clubs actually turn a profit though? Is it a large golf club? From what ive seen they have struggled in recent years due to declining memberships and younger golfers not joining clubs?

Yeah golf clubs are definitely struggling to attract people to golf memberships, waste of time putting resources into that part of the business.

Haven't been to the club itself for around 20 years, not sure what it's like these days.
 

egg

Jaws
Joined
Apr 11, 2010
Messages
12,853
Reaction score
1,039
From other forum


Supported at the AGM by the members. unanimous.
We own 12,000 square metres aside to the club. Purchase price $4 odd million
Independent developer valuations have it at closer to $12 mil

Future profits estimated at over $1 mil
Add another $200k profit by flying without a CEO

Things looking very good in that department
 

HaroldBishop

Megalodon
Joined
Mar 8, 2012
Messages
55,161
Reaction score
7,965
Location
Sydney
From other forum


Supported at the AGM by the members. unanimous.
We own 12,000 square metres aside to the club. Purchase price $4 odd million
Independent developer valuations have it at closer to $12 mil

Future profits estimated at over $1 mil
Add another $200k profit by flying without a CEO

Things looking very good in that department

Genius, no CEO equals more money. Beats me why any company employs one.
 

egg

Jaws
Joined
Apr 11, 2010
Messages
12,853
Reaction score
1,039
Did he mean , one CEO for the combined entity ?
Saving the need for a second ?
Anyway , just posted what I read .
 

Addy

Jaws
Joined
Jun 21, 2010
Messages
8,833
Reaction score
997
Location
NSW/ACT
So if this is successful, chances would be high that we roll the dice again and franchise ourselves out like Panthers/Mounties/Wyong yeah? Hope we don't get too far ahead of ourselves
 

gando2230

Jaws
Joined
Jun 1, 2006
Messages
10,882
Reaction score
63
Location
Cronulla
So if this is successful, chances would be high that we roll the dice again and franchise ourselves out like Panthers/Mounties/Wyong yeah? Hope we don't get too far ahead of ourselves

Didn’t Packer have one of his crown casinos on the market?
 

Matty C of the Shire

Great White
Joined
Nov 22, 2011
Messages
3,691
Reaction score
240
Location
Canberra, ACT
Cronulla boss says making Kogarah feel like 'home' is vital to season
Sarah Keoghan
By Sarah Keoghan
January 24, 2020 — 6.21pm
Share on Facebook
Share on Twitter
Share on Whatsapp
Send via Email
Normal text sizeLarger text sizeVery large text size
Sharks boss Dino Mezzatesta says the club is working hard to ensure Cronulla's season is not affected by the move to Dragons territory and has prioritised turning Jubilee Stadium into a "home ground" in the weeks leading up to round one.

Sharks members on Thursday night voted unanimously to purchase Kareela Golf Club, which will be a new home for the club while construction continues at Woolooware. But with the new club 10 kilometres from Jubilee Stadium, Mezzatesta said the club needs to ensure the move does not have an impact on player performance.

"The team have got to walk into those sheds knowing this is our home and we're not playing away – this is actually our home," he said. "It's up to us as an entity, as an organisation to make sure that we achieve that."

The Sharks are determined to make Jubilee Stadium feel like home, right down to the Prime Minister.
The Sharks are determined to make Jubilee Stadium feel like home, right down to the Prime Minister.CREDIT:AAP
Mezzatesta is adamant the board will be able to achieve a "home ground feel" at their rival's stadium and even said the Sharks were the "true occupants" of Jubilee for 2020 due to the Dragons splitting their home games between Kogarah and Wollongong.
Advertisement

"The Sharks are playing more than double the amount of games that the Dragons are [at Jubilee]," he said. "We have a good opportunity to make it our home. As long as they can run on that pitch and feel like it's no different to Shark Park because we've kind of painted it black, white and blue, so to speak, then they'll be out there playing to win."

One part of the master plan, which the board is reviewing, is to transport fans between Kareela and Kogarah in shuttle buses to ensure players are running out to a full stadium.

"Our job is to make sure that when they take that pitch that we've got the right amount of support for them," Mezzatesta said. "When you walk in there, it's got to be black, white and blue. It's got to be Sharks."

The Woolooware Bay project was originally spearheaded by chief executive Richard Munro, who on January 7 suddenly departed the club. Fans are now questioning whether the move would go ahead in his absence.

The purchase of the golf club aims to provide the Sharks with an extra $1 million in revenue annually outside of rugby league, with Cronulla taking a similar path to the Sydney Roosters and the Penrith Panthers in trying to earn revenue from property investments.

Advertisement

Once the club has returned to its traditional home in Woolooware, the Sharks will continue to own both clubs in the Shire to maintain the added revenue stream.

“The amalgamation with Kareela secures another revenue-generating asset to further strengthen our financial position,” Mezzatesta said.
 
Top