The enemy within

[nightster]

When you have a coach who whinges to a (friend) , who he also knows is a media personality, then you have a leak, stop the leaks and the boat stops sinking..

our boat resembles a colander

 

[lurker]

They are what we have for better or worse. But if someone with the money to make it work and a genuine love for the club (e.g. Hugh Jackman or even a Max Delmege) came along and bought them out, I don't think many of us would be all that unhappy to see the back of them. This club has had nothing but trouble since they got involved.

Why do people think Hugh Jackman has the money to bail out manly? Nice bloke but he wouldn’t be filthy rich enough to throw money away every year. Souths have a large membership base, Good sponsors, they play out of a quality stadium that doesn’t charge much and they make decent revenue. Russell Crowe doesn’t have to worry about putting cash in and his shares are probably worth something. I don’t think wolverine can stand to lose a million a year while we have the lemon that is brookie.

In my opinion we should be grateful regardless of what you think of them that the penns are willing to effectively burn $1mil a year to keep the club going. Brookie needs to be fixed before anyone else with cash would even consider coming near it

 

[Tragic Eagle]

We should be looking for a part owner in New York. The eagle is a perfect fit. They could have a NRL side and a NRL side (us). The Toronto Wolfpack is s great springboard for that idea.

 

[Tragic Eagle]

I meant a EPL and NRL side.

 

[Tragic Eagle]

oops ESL side!

 

[KNUCKLES]

oops ESL side!

Geez get it right.. which sport are we playing again? 😉

 

[malroon]

Why do people think Hugh Jackman has the money to bail out manly? Nice bloke but he wouldn’t be filthy rich enough to throw money away every year. Souths have a large membership base, Good sponsors, they play out of a quality stadium that doesn’t charge much and they make decent revenue. Russell Crowe doesn’t have to worry about putting cash in and his shares are probably worth something. I don’t think wolverine can stand to lose a million a year while we have the lemon that is brookie.

Hugh Jackman Net Worth: $150 Million

 

[Class of 96]

Hugh Jackman Net Worth: $150 Million

Hugh buddy pal mate...have we got a deal for you to get that lazy cash working.

 

[Real Deal]

I do wonder whether the overseas owner may have merit one day soon. My guess is the NRL is not really an attractive option at present with low crowds and empty stand plus the lamentable leadership of Greenberg. Yet overseas owners have moved into V8 supercars with a bigwig like Roger Penske owning Dick Johnson's team and one of the Andretti's buying into another team. Perhaps the day will come when major NFL teams have a stake in teams like ours.

 

[Cameron]

When the board was disfunctional, the team wasn’t affected. But now due to lack of direction from CEO down we are stuffed for 2018. Just hope good old Zorba is happy with what he’s done here. Unless there’s a spare box of culture up in the attic it’s hard to see it improving in 2019.

There’s the enemy from within right there.
As mentioned above.

 

[globaleagle]

oops ESL side!

FYI: You can go back and edit your threads.

Just in case you don't want to post 3 times and show off your mistakes.

PS - I've edited this one!

 

[Stevo]

Hate to point out the obvious but having a net worth of $10m doesn't mean he has the cash to buy and then fund a professional sporting side.

 

[Budgie]

I'm not sure that buying an NRL side is the giant risk for a mega wealthy person that many are claiming. You pay your piddling $10 million then the NRL gives you $13 million a year to fund a $10 million salary cap.
What's with all the hand wringing?

 

[lurker]

Hugh Jackman Net Worth: $150 Million

Net worth is a bit different to available cash. How much of his worth would be tied up in large houses and other assets. I can’t see him liquidating assets to pour them into a money pit.

 

[Woodsie]

I'm not sure that buying an NRL side is the giant risk for a mega wealthy person that many are claiming. You pay your piddling $10 million then the NRL gives you $13 million a year to fund a $10 million salary cap.
What's with all the hand wringing?

It is estimated that admin, football staff and running cost are up to another $8-$10mil a year on top of players wages .... minus gate and merchandise etc ...

 

[lurker]

I'm not sure that buying an NRL side is the giant risk for a mega wealthy person that many are claiming. You pay your piddling $10 million then the NRL gives you $13 million a year to fund a $10 million salary cap.
What's with all the hand wringing?

If you run it like a proper professional organization it costs a lot more than 13mil. There’s only two nrl clubs that turned a profit last year. Our football department is tiny. GWS afl employ about 30-40 football department staff. Physios, trainers, analysts, strength coaches, position coaches. Then you have training facility costs, capital expenditure (because no gov ever gives us cash), equipment, upkeep and operational costs of facilities, junior development, junior rep coaching, game day costs, transport to and from games (planes). If we had the same support staff and equipment as the roosters for example we’d be running a $2-3mil loss. That’s from knowledge of what they have vs what we have by a guy that’s worked at both

Edit: the cap on football department expenditure is $5.7mil. This doesn’t include capital expenditure. It’s estimated the dogs, Brisbane and the roosters were all spending upwards of $8mil a year

 

[Budgie]

It is estimated that admin, football staff and running cost are up to another $8-$10mil a year on top of players wages .... minus gate and merchandise etc ...

At our club or a well run club?

 

[Budgie]

If you run it like a proper professional organization it costs a lot more than 13mil. There’s only two nrl clubs that turned a profit last year. Our football department is tiny. GWS afl employ about 30-40 football department staff. Physios, trainers, analysts, strength coaches, position coaches. Then you have training facility costs, capital expenditure (because no gov ever gives us cash), equipment, upkeep and operational costs of facilities, junior development, junior rep coaching, game day costs, transport to and from games (planes). If we had the same support staff and equipment as the roosters for example we’d be running a $2-3mil loss. That’s from knowledge of what they have vs what we have by a guy that’s worked at both

Edit: the cap on football department expenditure is $5.7mil. This doesn’t include capital expenditure. It’s estimated the dogs, Brisbane and the roosters were all spending upwards of $8mil a year

Surely though it's just another vanity project for the rich? Like owning yachts, private jets, etc.

 

[lurker]

Surely though it's just another vanity project for the rich? Like owning yachts, private jets, etc.

Not afl clubs they make money. Nrl is one of the only “professional” sports I can think of that is so flush with cash yet they lose money. The American sports are big businesses

 

[Woodsie]

Surely though it's just another vanity project for the rich? Like owning yachts, private jets, etc.

Exactly .... and they are the best type of owners ... tragic supporters like Delmege that don't mind forking out the big ones for their passion ....

I think it was Ted Turner when asked why he sank millions into his Basketball team replied .... "some of my mates spend millions every year on their boats ... I don't like boats"