Proud Shark
Jaws
- Joined
- Feb 3, 2015
- Messages
- 8,545
- Reaction score
- 2,847
Ah fair. If they aren't flush with cash they should be. Certainly took plenty from me over the years.
*I was definitely making assumptions on this one.
Official Cronulla Sharks Board + Management
- Thread starter Google News
- Start date
*I was definitely making assumptions on this one.
Walley_01
Tiger Shark
- Joined
- Mar 14, 2012
- Messages
- 1,115
- Reaction score
- 301
Sharks move into the heart of Cronulla by purchasing former Westpac building
The building will be converted into a new Sharks merchandise store and central office.
Outstanding!!!
Proud Shark
Jaws
- Joined
- Feb 3, 2015
- Messages
- 8,545
- Reaction score
- 2,847
This is a great move. If only we had some decent merch to sell.Sharks move into the heart of Cronulla by purchasing former Westpac building
The building will be converted into a new Sharks merchandise store and central office.www.theleader.com.au
Outstanding!!!
I do wonder if we'd see more revenue from just leasing it out though. Surely we have decent office space at the new club?
The structure of the party pies is of the utmost importance - if you take the first bite and half the hot filling squirts out the other side, that's just not on...
HaroldBishop
Megalodon
Probably a silly question by why do we need office staff away from the Club?
We bought a bank
www.theleader.com.au
Sharks move into the heart of Cronulla by purchasing former Westpac building
The building will be converted into a new Sharks merchandise store and central office.
Matty C of the Shire
Great White
more room in leagues club for patrons maybe
Proud Shark
Jaws
- Joined
- Feb 3, 2015
- Messages
- 8,545
- Reaction score
- 2,847
Let's see them shut us down now!We bought a bank
Sharks move into the heart of Cronulla by purchasing former Westpac building
The building will be converted into a new Sharks merchandise store and central office.
slide rule
Jaws
I would have made it a milkbar with blue milkshakes full of alcohol.
Sell more merch with foot traffic on the strip then at the club
HaroldBishop
Megalodon
Yeah I get that bit, sounded like we're moving office staff though as opposed to just retail staff.
HaroldBishop
Megalodon
Maybe. Your think they would have planned for office staff in the refurb though.
Not being critical, just interested in the rationale.
Matty C of the Shire
Great White
I would totally agree with you on that one.
maybe it’s a fall out from No COE or something
You’d think by quite a lot. Not much chance for circumstantial sales at club
Maybe even if it’s just merch and membership staff
Yep, have a merch store and membership shopfront, even throw in some sponsorship people.
They must think it will work, because they're basically investing in an opposing shopping precinct while trying to build their own.
They must think it will work, because they're basically investing in an opposing shopping precinct while trying to build their own.
HaroldBishop
Megalodon
Maybe. Interesting choice though, not sure how much revenue it's going to raise.
If they can at least break even on operating costs and get more sharks gear out there a well placed building is a solid investment.
Agree it doesn’t scream profits but given how the golf clubs gone I’ll back them in to have done the research to be good odds to be worth it
SF
Mako Shark
Plenty of topics tonight...
- Old bank purchase as above (planned as offices and merch store for the short-medium term, but I imagine it's ultimately a development site)
- Club re-opening pushed back to at least Feb-2024, and fit-out costs have risen 30% (including major work replacing roof/awnings/facade of the existing building, more-expensive plant (machinery) deck, and bigger roof on new outdoor dining deck).
- Everything is a mix of borrowing (from Commbank) and investments/cash in bank... all very complicated... their long-term projections are very positive though.
- Ground capacity to be ~17,000 once leagues club work finished, including leagues club/hospitality. It is 13,500 this year.
- No hope of any major political grants/funding for stadium in near future... they will work to get a slice of what is available, and to at least address the main priority which is two new dressing rooms (possibly by redeveloping the existing "hub" building on western side of ground). The Centre of Excellence $8m conditional funding was withdrawn by State Government in their last term, due to us not being able to get matching Federal funding... this meant the option to place it on Toyota site also is dead. Club working on a ten-year master plan for the ground.
- Working to reduce pokies share of revenue, but any impact from any law changes expected to be some years away.
- Ticketek will introduce seat buybacks to start for the Roosters game, with the club taking a percentage. Club has been pushing them for some time.
- Dino, Fitzy and others toured UK stadiums/clubs over the off-season. Fitzy spoke for a while, and as always, is impressive.
- Half a million group profit this year, both costs and revenue increased following Covid, but the overall result far better than the millions lost regularly a few years ago.
- Top 3 home game requests this year were Dragons on a Saturday night, Panthers and Bulldogs.
- New leagues club to have 600-capacity function room (sure that's been mentioned before, but just a note of interest).
- Player signing news mostly covered elsewhere.
- Still have some club amalgamation targets (Coffs Harbour off the table at this stage)
- Mentioned that in terms of using the stadium more, that the current use from all the teams already is quite taxing for the ground, so any extra use would need to be carefully considered. Ground had to be re-surfaced over summer at a high cost, and meaning that the NRL team barely trained on it before Round 1. The soccer team thing is still just at expression of interest stage.
Last edited: