News: NRL allows Titans advance on 2009 grant

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Z

Zep

Bencher
The NRL has advanced competition newcomers Gold Coast $2 million to help the Titans cover a recent financial shortfall.

The global economic crisis that is threatening the liquidity of several Sydney clubs hit the Titans late last year, when the club's bank withheld $4 million from a promised loan to fund a development to Skilled Stadium. 

Gold Coast needed the money to complete a $30 million "Titansworld" Centre of Excellence.

The bank had initially promised to contribute $18 million toward the venture, but changed its lending policy because of the financial crisis. 


<a href="http://www.silvertails.net/news/General-NRL/nrl-allows-gold-coast-titans-advance-on-2009-season-grant.html">Read the full article</a>
 
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