Proud Shark
Jaws
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Great ****ing news. Suck it kent you filthy prick. Well done to all involved. Hopefully those in charges use it to secure the next 50 years.
Official Shark Park & Woolooware Bay Development
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HaroldBishop
Megalodon
N9. You're saying the reason is because the Shire is a Liberal area. I disagree.
Matty C of the Shire
Great White
I though it was the southern stand, which houses HPU would be reworked to incorporate office space for shark have heart .org, HPu and then the increase seating also
HaroldBishop
Megalodon
Dunno mate. Hope you're right.
sharkstragic
Jaws
History would back my side of the argument
HaroldBishop
Megalodon
Not sure. Regardless, $2b is $2b. Blame the current Government for completely ****ing it up. No one else's fault.
sharkstragic
Jaws
How have they ****ed it up. Its not like they are spending 2.7 billion on pink bats ...
HaroldBishop
Megalodon
Demolishing the SFS, a 30 year old stadium, is a **** up. How could a stadium that young fall into an apparent state of disrepair? Would love Jones and Co to explain it.
If they had it their way they would have also demolished a 20 year old stadium.
Utter waste of taxpayer money on stadiums that are rarely more than 30% full.
sharkstragic
Jaws
At least it’s something that can be used and classed as an asset. 30 years is ****ing ancient for a stadium.
Brisbane have Suncorp. Melbourne have Etihad. Perth have a new stadium and Adelaide too.
HaroldBishop
Megalodon
Apples and oranges.
Take a look at average crowds at those other grounds you mentioned and the frequency of them.
SF
Mako Shark
I think with this deal they're probably giving up about $10-15 million of what they hoped to make from the development in return for the more guaranteed money now. That's based on my notes from last year's AGM if they were correct. Maybe a reasonable trade-off given the risks with the property downturn.
The share of the retail was planned to be sold off for a long time, and was never worth as much as speculated, certainly wasn't a river of gold.
I do worry about how the $18 million "future fund" would be invested, given a couple of things I've heard. Probably more reason to get an independent director or two on the board.
An $8 million State government grant for the Centre of Excellence was announced in 2017 but we had to match it dollar for dollar: https://www.sharks.com.au/news/2017/12/19/sharks-granted-centre-of-excellence-funding/ . Perhaps the Federal government is going to match that.
In the end this is all in the middle of the board election campaign, so I'll be sceptical of it all.
The share of the retail was planned to be sold off for a long time, and was never worth as much as speculated, certainly wasn't a river of gold.
I do worry about how the $18 million "future fund" would be invested, given a couple of things I've heard. Probably more reason to get an independent director or two on the board.
An $8 million State government grant for the Centre of Excellence was announced in 2017 but we had to match it dollar for dollar: https://www.sharks.com.au/news/2017/12/19/sharks-granted-centre-of-excellence-funding/ . Perhaps the Federal government is going to match that.
In the end this is all in the middle of the board election campaign, so I'll be sceptical of it all.
SF
Mako Shark
Club Central at Hurstville\Menai made $17 million profit in 2017-18 before income tax, and was sitting on $70 million + in cash and investments. So it can be done.
HaroldBishop
Megalodon
Wiz
Jaws
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Matty C of the Shire
Great White
fishermanaxe
Grey Nurse
Get their CEO as opposed to Tim McAleer. What ever did happen to him anyway ? Just a casualty of the “restructure” or something else? Either way he didn’t last long.
Matty C of the Shire
Great White
Newman from sharkpodcast said he was walked apparently.
fishermanaxe
Grey Nurse
Hmm, interested to get the full picture on this. Why he exited the Tradies under mysterious circumstances, why he was appointed to the Sharks? and why his tenure with us was so short?
yadam
Hammerhead
We have to pay for the new leagues club fit out. They will need that 12 mil for that.
I'm skeptical as well. But like someone said earlier, between a rock and a hard place. We never had the investment funds to finance this ourselves so we had to rely on the good will of others.
I think we're pretty lucky with Capital Bluestone, not that I know much about them. I'd expect that an investment company who didn't give a **** could have waited until we went under and then taken over the lot.
I really don't know, for now though, we're still alive and kicking.
I think we're pretty lucky with Capital Bluestone, not that I know much about them. I'd expect that an investment company who didn't give a **** could have waited until we went under and then taken over the lot.
I really don't know, for now though, we're still alive and kicking.