Thanks for the update mate.A fairly straightforward AGM, no big dramas, small turnout. Did I ever mention there’s free beer?:
- As mentioned in other thread, the target is September opening, and ideally for the Storm game. It’s on track but no guarantees
- The finance for the club was covered. Again all as expected, part cash, part bank loan stream. The bank keeps a good eye on the expenses, but no issues…. it is good to know for transparency though. We should have around $7 million available to use at launch (with loan paid off later). They have detailed plans about how the loans are structured and paid off. They investigated opening the Function Rooms area earlier but decided it was safer to wait
- No major new info or images of the club. I think they said they are opening with 180 pokies, out of 220 entitlements. There will be a pizza oven thing outside. The outside deck can be rented for functions. Detailed designs still ongoing. The game day bar downstairs may be opened in a more simple form next year. Chairmans Club and wine bar inside.
- Peter Burns Stand will be finished over the off season, as soon as the season ends. The function rooms up stairs will not be ready, but there will be access up to the upper stand. Lots of compliance work
- There is interest in the Chinese restaurant as a Chinese restaurant but most operators want the leagues club to open first. That makes sense. Sharks have the right to make a commercial agreement with any restaurant operator for game/event days, or put up shutters on the windows if no arrangement can be reached.
- Fitzy was there for the whole meeting, and, in answer to a question, did a great improvised speech about the club’s history and culture. When you hear him speak, it resolves any doubt he’s the man for the job
- If there was a Centre of Excellence, it would have to be on site (e.g previous proposal in SW corner)
- Still planning going on gradually for Kareela site development (assisted living).
Overall these AGMs make you appreciate how much the board/management has to deal with, like managing aspects of the loan etc. They aren’t really free (time or money wise) to be looking at other projects just yet.
As one of the regulars said… it’s been 15 years… we’re on the home straight
Can't see how could fit a COE on the ground. We need all the space we can get.
Good to see we have some stipulations around blocking off the windows in the Chinese restaurant on gameday.
Re Kareela - we just built an over 55s at Chatswood Golf course. It looks fantastic. Would be great revenue maker if Sharks could one day do something at Kareela.

