Sharks didn't blow anything they were not granted a lic for the womens.
Cronulla Sharks facing mass redundancies due to financial distress
- Thread starter planchetflaw
- Start date
Sharks didn't blow anything they were not granted a lic for the womens.
Wondering if they checked with the powers that be on whether they were likely to be granted one.
True, but it is a debt we are still paying off so easily coulda been seen by the next audit or the one after or the one after or the one after
Especially as we apparently continue to struggle financially someone could easily take a closer look at a 100k debt
Wiz
Jaws
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As far as I see it.. Let coach do whatever he wants he’s earned the right we were fast becoming one of the top 3 clubs and has given us results ;
it’s Barry’s job to help deliver the sponsors so we can do all that the football dept needs and do it on a profit to be a successful club... but nah let me just dob my own club in over an old fake invoice that’s got nothing to do with me while also delivering 0 sponsors and have us running in a blank jersey next year
Yeah they will be applying for a lic.
Blue_Eyes84
Bull Shark
So I was just in the other room,I thought I heard on Fox Sports news we're basically toast...Surely that's media BS?
Is it that bad?
Is it that bad?
Not much chance of getting one IMO. When the announcement of the chosen teams was made, Greenberg said that if he could go back in time certain teams would never have been accepted into the men's comp - alluding to the Sharks.
slide rule
Jaws
Safe to say that if his dad had his time over head would have blown on the curtains.
Sharks should have spent some of their money on financing a study which showed projected population expansion of the shire and what the projected value of the team would be to the NRL into the future.
Then spread the report around the media agencies. There would be initial newspaper reports and then the information would remain in the back of the brains of the mindless plebs when they 'write' about relocation, expansion etc.
Then spread the report around the media agencies. There would be initial newspaper reports and then the information would remain in the back of the brains of the mindless plebs when they 'write' about relocation, expansion etc.
:lmao:lmao:lmao
HITMAN
Bull Shark
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Im sure Shark Park was built on an Aboriginal burial ground, cursing us to an eternity of struggle. Spirits felt bad for us after 50 years of torment they let us get a taste of sucess before going back to torturing us with unrelenting turmoil compounded by inept management.
I know the Media and general public love sinking the boot in but we deserve most of it. We're a deadset ****show.
I know the Media and general public love sinking the boot in but we deserve most of it. We're a deadset ****show.
BlackWhiteBlue
Jaws
Agree mate. Can sook all we want. We really are a ****in shimozzle
Tatus
Not-So-Great White
I think we are all forgetting who the prime minister is and what team he supports. Time for him to put his money where his mouth is and flick up some government funding
CrazyMatt
Jaws
Abbott was prime minister and Brookvale Oval is still a turd. I know the media built up the whole “The PM is a Sharkies fan, so they’ll get some help for the stadium” thing, but the reality is, whether the PM is a Sharkies fan or not won’t make a lick of difference.
Tatus
Not-So-Great White
Don’t burst my bubble.
CrazyMatt
Jaws
Reality hurts sometimes bud.
Mr Ryan
Bull Shark
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Im not suggesting that ScoMo is gonna save us, but he was actually a ticketed member BEFORE he was PM. So he's not just some token fan. He's the real deal. I'm willing to bet he'll continue to go to games long after he's finished at Parliament.
Does Tony still head out to Brooky on cold and rainy Saturday Night?
Anyway...…
I want someone to clarify something for me.
The term "bailed out" gets thrown around a fair bit.
But whats the actual history of Cronulla being "bailed out?"
So we, without some of the NRL's (ARL/NSWRL) hard earned tipped in, were gone.
They owned the Titans and Newcastle, St George owed some money, the Tigers had some NRL appointments on the Board.
We got Bruno Cullen and Noicey for a time.
What else?
Does Tony still head out to Brooky on cold and rainy Saturday Night?
Anyway...…
I want someone to clarify something for me.
The term "bailed out" gets thrown around a fair bit.
But whats the actual history of Cronulla being "bailed out?"
So we, without some of the NRL's (ARL/NSWRL) hard earned tipped in, were gone.
They owned the Titans and Newcastle, St George owed some money, the Tigers had some NRL appointments on the Board.
We got Bruno Cullen and Noicey for a time.
What else?
slide rule
Jaws
He’s the local member. He jumped on because it would get him votes. He wasn’t too keen on us before we got good and he didnt like the development.
snowman
Total gronk
so i have had some interesting conversations with some people, sorry i havent been able to post sooner
here is my understanding of things, some arent pretty, some are hard hitting, but thats life, so here is what i know
we will start with the development:
1) we sold tower 1 profits for under the market value, however, we had no choice as we had to pay off a debt. we sold it for enough to cover the debt and keep us in a cash positive situation for a few months. ideally, we would have waited and got a better return but the bank had us by the balls and gave us a final demand
2) the money from tower two came in slowly as the units were sold. during that time, we made some commercial decisions, some good, some bad. unfortunately, the bad decisions have cost us and we have come away worse for wear
3) the units in tower 3 have not been sold, nor had the commercial sector been started. there is also a hotel that is going to built which will be a revenue stream, they are hoping this will attract people to eat in the club at a discounted rate
4) the leagues club was due to be upgraded but this was not part of the development, all costs had to be incurred by us. for those that have been in the club lately, it looks schmick. a tough commercial decision was made to change the fit out building company which upset some people, but it had to be done. we are forking out the costs for this from our pocket so we are going cheap, but good work
5) any stadium upgrade will also be a cost to use, so dont expect shark park to become a 30k capacity stadium anytime soon, an nor should it, when we average anywhere from 11-13 k
-----------
thats that done, so lets now move on to the finances of the club and the redundancies
1) when lyall gorman came to the club, he had visions of turning us into a powerhouse, which we all wanted. he wanted it to be run like the wanderers/brisbane - loads of staff doing loads of work, making loads of money. unfortunately this was viable at the start of the proceedings, but with not much else changing, it soon became a hindrance
2) as discussed, the refurb of the club (funny how this isnt mentioned when the telegraph are reporting) came out of our pocket, hence, we ran at a loss in 2018. colour most people shocked, but generally if you add an extension to your house, upgrade your bathroom and fit out your kitchen, you are going to lose money
3) the redundancies suck, but needed to happen. the 10 people were involved in media, marketing and sales. our media team sucks, our content is poor and amateurish. have a look at the knights, who have a smaller team, yet they are killing it. the 10 people going will save us a lot of money in terms of salary ( some high) on costs, equipment ect. some of those people were given the jobs for the boys by the administration and although they are good people, they needed to go
in summary - refurb of the club + too many people doing nothing = loss of money, who knew
---------------
lets move on to game day
1) record number of members, but where is everyone? we had 50-60k fans at the grand final yet under 20k members. if you know someone who is a sharks fan and isnt a member, punch them
2) i was once told, once wrote both here and on my blog, and will say it again, we will break even at a home game if we get 11k and everyone buys a pepsi. that was in 2011 so inflation probably means 13k and 2 beers these days. but do your bit, i know prices are high, but if you love the club like you say you do, it is a small price to pay to keep your club local
3) the club loses lots of money by not having merch available by christmas, but unfortunately they wont release stuff unless it has sponsors all over it. but when merch comes out, buy some
-----------
lets move on to sponsorship
1) unfortunately, everyone who takes the top job, runs their mouth about contacts at the high end of town and sponsors galore. thats what unity used to get in, and whilst they did get us sponsors, we havent had a long term sponsor and partnership for a while. as it stands, we have no major and no ground sponsor
2) the talk today of fifita and dugan costing us a 5 yeear sponsor because of the podcast is bul****. it is buzz not letting go of his agenda. cronulla were under the impression opal solar would take up the clause due to the exposure we gave them. unfortunately, due to similar circumstances, they have to cost cut as well.
3) we are in a prime position with free to air games and favourable time slots this year, so if you know any business that may be keen, send the lead to the club
4) unfortunately, cronulla have never been a smart club. there was a former poster on here who ran a very lucrative business that wanted to help out with TPA's, and made multiple calls, but unfortunately were never follwed up by the club. in the end, they gave up. same goes for a major sponsor that are actually a client of mine. they offered a 7 figure deal but were told that their logo didnt suit the sharks jersey in terms of logo, look and colour. i know this happened for a fact, i have seen the communication.
5) people at the club are very confident that come round 1, the ground and major will be done, even if it is cut price and short term, it is better than nothing. it feels like 2010/2011 all over again, but this time we have the team to at least keep commercial interest in us
---------
now for the team/cap breach
1) the salary cap is around 10mil this year and the grant is 13 mil, so we can sign players and we can pay players. the excess money will be put into finances and being smart rather than being stupid
2) whilst it seems dumb, barry russell has saved our bacon by self reporting. our fine will be insignificant, with a chunk of it most likely to be suspended. id be guessing 250k, with 125 k suspended.
3) relocation, wont happen. we are in a bit of a pickle, but we will get through it. ironically, fans digging deep for memberships, merch, food and drink will help. dont play pokies or bet in the tab though, we dont get much from that
4) sj - 3 year deal. another signing may happen before, more likely after. not a big name like marty taupau though. braiden burns may also sign on.
-------
in summary
1) we will be fine. it may be bad for a year or 2, our sponsors may not be much, be exciting or even long term, but they will be there
2) barry russell knows what he is doing, so have faith
3) enjoy the offseason. stop reading the telegraph, get off facebook pages, especially ones where people still spell it fafita, gallon, homes and graeme. facebook is a cesspit that gives inbreds and opportunity to think they are funny.
4) dont worry. worrying is like a rocking chair. it gives you something to do but it doesnt get you anywhere.
5) if you want anymore info, drop me a dm. until then, i will be in the other sports thread, watching Liverpool games, and spreading westbrook propaganda
peace out
here is my understanding of things, some arent pretty, some are hard hitting, but thats life, so here is what i know
we will start with the development:
1) we sold tower 1 profits for under the market value, however, we had no choice as we had to pay off a debt. we sold it for enough to cover the debt and keep us in a cash positive situation for a few months. ideally, we would have waited and got a better return but the bank had us by the balls and gave us a final demand
2) the money from tower two came in slowly as the units were sold. during that time, we made some commercial decisions, some good, some bad. unfortunately, the bad decisions have cost us and we have come away worse for wear
3) the units in tower 3 have not been sold, nor had the commercial sector been started. there is also a hotel that is going to built which will be a revenue stream, they are hoping this will attract people to eat in the club at a discounted rate
4) the leagues club was due to be upgraded but this was not part of the development, all costs had to be incurred by us. for those that have been in the club lately, it looks schmick. a tough commercial decision was made to change the fit out building company which upset some people, but it had to be done. we are forking out the costs for this from our pocket so we are going cheap, but good work
5) any stadium upgrade will also be a cost to use, so dont expect shark park to become a 30k capacity stadium anytime soon, an nor should it, when we average anywhere from 11-13 k
-----------
thats that done, so lets now move on to the finances of the club and the redundancies
1) when lyall gorman came to the club, he had visions of turning us into a powerhouse, which we all wanted. he wanted it to be run like the wanderers/brisbane - loads of staff doing loads of work, making loads of money. unfortunately this was viable at the start of the proceedings, but with not much else changing, it soon became a hindrance
2) as discussed, the refurb of the club (funny how this isnt mentioned when the telegraph are reporting) came out of our pocket, hence, we ran at a loss in 2018. colour most people shocked, but generally if you add an extension to your house, upgrade your bathroom and fit out your kitchen, you are going to lose money
3) the redundancies suck, but needed to happen. the 10 people were involved in media, marketing and sales. our media team sucks, our content is poor and amateurish. have a look at the knights, who have a smaller team, yet they are killing it. the 10 people going will save us a lot of money in terms of salary ( some high) on costs, equipment ect. some of those people were given the jobs for the boys by the administration and although they are good people, they needed to go
in summary - refurb of the club + too many people doing nothing = loss of money, who knew
---------------
lets move on to game day
1) record number of members, but where is everyone? we had 50-60k fans at the grand final yet under 20k members. if you know someone who is a sharks fan and isnt a member, punch them
2) i was once told, once wrote both here and on my blog, and will say it again, we will break even at a home game if we get 11k and everyone buys a pepsi. that was in 2011 so inflation probably means 13k and 2 beers these days. but do your bit, i know prices are high, but if you love the club like you say you do, it is a small price to pay to keep your club local
3) the club loses lots of money by not having merch available by christmas, but unfortunately they wont release stuff unless it has sponsors all over it. but when merch comes out, buy some
-----------
lets move on to sponsorship
1) unfortunately, everyone who takes the top job, runs their mouth about contacts at the high end of town and sponsors galore. thats what unity used to get in, and whilst they did get us sponsors, we havent had a long term sponsor and partnership for a while. as it stands, we have no major and no ground sponsor
2) the talk today of fifita and dugan costing us a 5 yeear sponsor because of the podcast is bul****. it is buzz not letting go of his agenda. cronulla were under the impression opal solar would take up the clause due to the exposure we gave them. unfortunately, due to similar circumstances, they have to cost cut as well.
3) we are in a prime position with free to air games and favourable time slots this year, so if you know any business that may be keen, send the lead to the club
4) unfortunately, cronulla have never been a smart club. there was a former poster on here who ran a very lucrative business that wanted to help out with TPA's, and made multiple calls, but unfortunately were never follwed up by the club. in the end, they gave up. same goes for a major sponsor that are actually a client of mine. they offered a 7 figure deal but were told that their logo didnt suit the sharks jersey in terms of logo, look and colour. i know this happened for a fact, i have seen the communication.
5) people at the club are very confident that come round 1, the ground and major will be done, even if it is cut price and short term, it is better than nothing. it feels like 2010/2011 all over again, but this time we have the team to at least keep commercial interest in us
---------
now for the team/cap breach
1) the salary cap is around 10mil this year and the grant is 13 mil, so we can sign players and we can pay players. the excess money will be put into finances and being smart rather than being stupid
2) whilst it seems dumb, barry russell has saved our bacon by self reporting. our fine will be insignificant, with a chunk of it most likely to be suspended. id be guessing 250k, with 125 k suspended.
3) relocation, wont happen. we are in a bit of a pickle, but we will get through it. ironically, fans digging deep for memberships, merch, food and drink will help. dont play pokies or bet in the tab though, we dont get much from that
4) sj - 3 year deal. another signing may happen before, more likely after. not a big name like marty taupau though. braiden burns may also sign on.
-------
in summary
1) we will be fine. it may be bad for a year or 2, our sponsors may not be much, be exciting or even long term, but they will be there
2) barry russell knows what he is doing, so have faith
3) enjoy the offseason. stop reading the telegraph, get off facebook pages, especially ones where people still spell it fafita, gallon, homes and graeme. facebook is a cesspit that gives inbreds and opportunity to think they are funny.
4) dont worry. worrying is like a rocking chair. it gives you something to do but it doesnt get you anywhere.
5) if you want anymore info, drop me a dm. until then, i will be in the other sports thread, watching Liverpool games, and spreading westbrook propaganda
peace out