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Club For Sale

Discussion in 'Rugby League Forum' started by bones, Aug 27, 2015.

  1. bones

    bones Bones Knows Premium Member 2016 Tipping Competitor

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    In today's Big League magazine:


    Club For Sale.... The Penn family haven't been slow in making changes at the Sea Eagles since they gained control of the club at the end of last year, but now Big League understands they'll be willing to sell up if the right money comes along from a consortium. Former owner Max Delmege is one investor who wants back in, but he told this magazine in March that he'd never deal directly with Penn. He did however believe he had enough contacts to raise the funds and strike up a deal.
     
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  2. The Who

    The Who Well-Known Member

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    Quick. Grab a Penn. Where do we sign?
     
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  3. HoldenV8

    HoldenV8 Well-Known Member

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  4. cherry_poppins

    cherry_poppins Well-Known Member

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    Can't be worse than the liars
     
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  5. Loobs

    Loobs I am not really Scott Penn Premium Member

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    We're on the verge of a another property collapse which wiped Max out last time around so I'd rather he not be involved if the club was to be sold.
     
  6. MANLY4LIFE

    MANLY4LIFE Well-Known Member

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    $100 bucks each lets do it !
     
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  7. tookey

    tookey Well-Known Member 2016 Tipping Competitor

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    Just proves that it is all about the money with the Penns.

    The problem is that the current value of the club is negligible since they took over.
     
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  8. Fluffy

    Fluffy Well-Known Member

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    Someone call Jack Hughman
     
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  9. Utility Player

    Utility Player Well-Known Member

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    I think David Williams is relative.
     
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  10. Chip and Chase

    Chip and Chase True Supporter Staff Member Administrator Premium Member 2016 Tipping Competitor

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    Any business owner would be willing to sell up "if the right money comes along", if they don't then they are a moron.

    Question is though, what is the right money ?? and who has that laying around to invest in a not for profit venture like an NRL team. It's a pity Hugh isn't an ego maniac like Rusty, he'd be our best bet.
     
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  11. Loobs

    Loobs I am not really Scott Penn Premium Member

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    Depends - how much they tipped in to being with, how much they pulled out of the leaguesy sale, what they are willing to write off against that... If they made out big time from the sale of the club then it could be less than that rumoured 6M they paid to buy out Quantum. But obviously you'd need to buy out their share then have enough free capital to pay our way until the NRL grants come in...
     
  12. robbiea

    robbiea Well-Known Member 2016 Tipping Competitor

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    No ,your not Penn !
     
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  13. tookey

    tookey Well-Known Member 2016 Tipping Competitor

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    Harry from Kaspersky?
     
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  14. manlywarringah

    manlywarringah Well-Known Member Premium Member 2016 Tipping Competitor

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    Please let this happen.

    Maybe Max can join with URM & another couple of backers & buy together.

    I remember URM wanted to buy in a couple of years ago & the penns knocked them back. It must've been around the time they ripped us all off with the sale of the Leagues Club land. Now they've made their millions, they will sell.

    Their time here will go down as the worst in our history (outside the merger of course).

    Any millionaires out there willing to chip in?

    One thing i would like to know, if there was a spike in Football Club Memberships to a level the Football Club had a million in the bank, or if they were donated money, are they able to still buy shares back off the penns like they were doing when Delmege owned the club?

    Our shares buy back has gone quiet the last couple of years.
     
  15. Budgewoi Eagle

    Budgewoi Eagle In for the long haul. Premium Member 2016 Tipping Competitor

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    What has Zorba done to make them throw his toy out of the Penn?
     
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  16. Loobs

    Loobs I am not really Scott Penn Premium Member

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    Nyet
     
  17. Loobs

    Loobs I am not really Scott Penn Premium Member

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    Just think - new owner - no more Zorba
     
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  18. eagleron

    eagleron Well-Known Member

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    I'm in
     
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  19. eagleron

    eagleron Well-Known Member

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    Good call
     
  20. eagleron

    eagleron Well-Known Member

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    Why doesn't Sarah Murdoch have a chat in Lachie's ear, I'm sure he's got the bucks !!
     
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