evertonshark
Jaws
Slide rule, the jeff robson of the forum..
Lyall Gorman
- Thread starter Milkshark
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HaroldBishop
Megalodon
Todd Carney and Robbo.
evertonshark
Jaws
Hahaha
slide rule
Jaws
Most sports clubs (soccer etc) are money sink as well, however people buy in.
I don't think any of the other privatisations have involved the Leagues Club?
I don't think Newcastle even had one? and I think Souths Leagues went into administration after the privatisation of the football club?
I don't understand how the Leagues Club as an entity could (practically) be privatised?
They could sell part or all of the property with the deal though. That probably wouldn't be in the best interest of the remaining Leagues Club enitity though. Unless there was some kind of lease back to keep the club in situ. Or they could use the money to move the Leagues Club to a more profitable location.
CrankyShark
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Cashed up individuals. I don't know how selling to members would go. If a super rich Sharks fan steps forward that is a proposition that should be considered.
The Tigers sold theirs. That was a property deal gone wrong. The right to trade as Balmain Leagues was sold and developers got hold of the land. That didn't go very well.
This is what it is all about and what private investors are interested in.
slide rule
Jaws
Well, a cashed up individual or group would be the intended purchaser.
Tigers were in a high debt situation. They sold the Leagues Club site to the developer who wanted to put a shopping centre and residential tower on there. The Leagues Club entity was not sold and continues to operate out of another (inferior) location. They were meant to get a space in the new development to operate, however the development has been rejected and they now owe the developer a **** load of money (whoops). There is a lot about that deal that is murky.
In that case it would be more of a sale of land than a privatization.
CrankyShark
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Yeah you are right. They sold the land and hung onto the right to trade as Balmain Leagues. Pretty sure it involved one of the Obeids actually.
I can see parallels here though. I don't think it is a wise road to go down.
I don't see it happening in the short term. Maybe in the long term but we would be in a pretty strong bargaining position. In the past it has been floated as a means of saving the Club. We don't need saving now.
I also imagine that it was just a proposition floated by a journalist in a one on one interview to which Gorman responded with a standard 'keep all options open' response.
Also, Gorman's actual words emphasized the importance of the 'public' in the public/private partnership.
In short, I don't think its anything to be worried about right now. Especially given all the other positive signs about community engagement and building a fundamentally successful Club for the first time.
Cranky, if you're interested I wrote a long post/thread about sports club ownership models a couple of years ago. Some of it is probably still relevant:
http://www.sharksforever.com/forums/showthread.php?74715-Financial-Support-for-the-Club-The-Football-Club-the-Leagues-Club-and-Ownership
I also imagine that it was just a proposition floated by a journalist in a one on one interview to which Gorman responded with a standard 'keep all options open' response.
Also, Gorman's actual words emphasized the importance of the 'public' in the public/private partnership.
In short, I don't think its anything to be worried about right now. Especially given all the other positive signs about community engagement and building a fundamentally successful Club for the first time.
Cranky, if you're interested I wrote a long post/thread about sports club ownership models a couple of years ago. Some of it is probably still relevant:
http://www.sharksforever.com/forums/showthread.php?74715-Financial-Support-for-the-Club-The-Football-Club-the-Leagues-Club-and-Ownership
slide rule
Jaws
It all makes some very interesting reading actually. Paul Kent should investigate.
CrankyShark
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haha. I think it might require a slightly more astute mind than the esteemed Paul Kent to unravel that deal.It all makes some very interesting reading actually. Paul Kent should investigate.
CrankyShark
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Thanks. I'll read it.
Sorry mate, it doesn't quite cover what I thought it did. I hoped I included some info about supporters trusts in the UK which own shares of privately owned football clubs. Different legal structure but much like how the Sharks/Panthers etc operate now.
WillyInBris
Jaws
:Yes:
I really dont think we will see much more private ownership of clubs to be honest, the money is just not around and we would be bloody expensive as well.
Bundy Shark
Jaws
Sorry Snow, just had access to phone for the first time in a few hours, not sure what time he was on, they were spruiking ealier this arvo when I was in the car that he was coming up later today on the show.
CrankyShark
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It is heresy so I will say it once and once only. I think it needs to be said.You guys are getting way too ahead of yourselves. Relax and enjoy the fact we have high-quality CEO, enjoy the ride.
A high quality CEO would not have come here except upon condition that Flanagan is to be sacked. That is my concern about Gorman.
snowman
Total gronk
why would Gorman come here and sack Flanno? makes no sense
WillyInBris
Jaws
Flanno no doubt is part of the challenge and only a small part of the pie.
CrankyShark
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Perhaps. I expect a few posters to have the courage to agree.