Turbo tied up long term

You sound a bit like my accountant. He’s always saying things like your Net Tangible Assets are worryingly intangible, and your EBITDA is in the TOILET. Still, he did advise me to leave a goodwill, so I’ve left the bulk of my estate to the canteen under the Lyons Menzies stand so they can invest in a new pie warmer. Hopefully that will escape the attention of the salary cap auditor.
But have you offset that pie warmer against the new beer fridge to achieve a temperate environment of equilibrium we have all come to love at Brookvale Oval?
 
I would love to answer this but best I don't at this time.

In my opinion, the deal is a good deal for both sides.
So you can safely say the stalemate is the manager ‘holding the club to account for more money’ but can’t risk saying there’s a ‘games played’ clause?

That doesn’t really add up; the ‘best I don’t’ statement is the one you made.
 
So you can safely say the stalemate is the manager ‘holding the club to account for more money’ but can’t risk saying there’s a ‘games played’ clause?

That doesn’t really add up; the ‘best I don’t’ statement is the one you made.

Correct - for the most obvious of reasons.
 
and the common denominator with all of that is ,,,,,,,,,,?
Ill give you a hint ,has a peaches and cream complexion, sometimes goes by the name Mr Fluffy ,has a very sore anus from the sliver spoon that has been firmly implanted since birth ,surname begins with begins with P.
DM me for more hints
He is an odd looking fellow.

Obviously though, his wife married him for his good looks. The money never came into it.
 
Exactly , we cannot afford to lose either of those 2 to keep a questionable lame duck Turbo. We've already lost too many halfbacks because of DCE.
What halfbacks did we lose due to DCE?

Hynes is a long bow, he was going through some personal stuff and Barrett is an idiot. He had 2 years in Mackay before establishing himself as a bench player and eventually making he way to the Sharks to play 7.
Would have been great to keep but hardly left because of DCE.

Beyond that, Humphreys? Who aint that good.....or you talking Hastings?

What halfbacks we talking here?
 
What halfbacks did we lose due to DCE?

Hynes is a long bow, he was going through some personal stuff and Barrett is an idiot. He had 2 years in Mackay before establishing himself as a bench player and eventually making he way to the Sharks to play 7.
Would have been great to keep but hardly left because of DCE.

Beyond that, Humphreys? Who aint that good.....or you talking Hastings?

What halfbacks we talking here?
Agree… Latu Fainu probs most obvious but not convinced he was ready when he was here (and not overly sold on him anyways), Humphreys is “meh”, Kaeo played some halves in lower grades so he is a potential candidate but also not ready (as he showed in the couple of games he played before heading to the snow), Cade Cust looked promising at times but not at Chez’s level…. Schuster? Surely not….

That is about all I have… and please forget that Hastings played for Manly at one point, I am still trying to…
 
Agree… Latu Fainu probs most obvious but not convinced he was ready when he was here (and not overly sold on him anyways), Humphreys is “meh”, Kaeo played some halves in lower grades so he is a potential candidate but also not ready (as he showed in the couple of games he played before heading to the snow), Cade Cust looked promising at times but not at Chez’s level…. Schuster? Surely not….

That is about all I have… and please forget that Hastings played for Manly at one point, I am still trying to…
Latu of course.

But he was more a 5/8 coming through and again, I wouldnt put the Fainu brothers leaving on DCE.
 
There have been 2 approaches this year, both of which did not progress very far.

To be be fair to the Penn family (and I'm one of their biggest critics) they considered each one however they didn't warrant any further consideration.

There is no direct "for sale" sign on the "front door" however, it is becoming apparent that if the right value was offered AND commercial terms regarding the settlement of that value were reached, there would be interest.

If I were a betting man, the Penn family would be best to wait until the next T.V rights deal, as the intangible & unrealised gain that would be generated from the revaluation of the "Manly brand" and [the] fact that they hold a valid participation and license agreement, would boost their "bottom line" as the expected increase in T.V revenue, would flow right into a will established and functional business model.

That bottom line and the resulting increase in the EBITDA (accepting that a % of the expected increase in the grant from the NRL is conditional on going to the players) would provide them (Penn family) with an uplift in the earnings multiple and they would seek to capitalise on that position by the increasing the overall sale price by also increasing the value of the intangibles and goodwill of the Club.

I hope this makes sense.

In short, if I were to advise them, I'd wait until the new T.V. deal, grab the extra cash from the NRL, bank it into my own bank account, boost the bottom line then sell the Club.
Great thanx mate……
 
Shoe back.

Problem is the leaking. I’m quite happy for there to be robust negotiations behind closed doors.

Every $50k saved = a better overall roster.

They will find the sweet spot. Stop fussing.

Shoe out.
Not that long ago Manly was doing well with recruitment in that players were signed that no-one even knew were in negotiations

Mestrov should tell all players we talk to that there’ll be no deal if anything is leaked by their manager. Player can then tell manager ‘don’t f this up’

Few years back story was Bennett had agreed to coach Chooks but dropped then when it was leaked. Good on him. And also Chooks stopped leaking. Time for Manly to make a stand and be taken seriusly
 

Users who are viewing this thread

Staff online

  • Jethro
    Star Trekkin' across the universe

Latest posts

2025 Ladder

Team P W D L PD Pts
1 Raiders 24 19 0 5 148 44
2 Storm 24 17 0 7 212 40
3 Bulldogs 24 16 0 8 120 38
4 Broncos 24 15 0 9 172 36
5 Sharks 24 15 0 9 109 36
6 Warriors 24 14 0 10 21 34
7 Panthers 24 13 1 10 107 33
8 Roosters 24 13 0 11 132 32
9 Dolphins 24 12 0 12 125 30
10 Sea Eagles 24 12 0 12 21 30
11 Eels 24 10 0 14 -76 26
12 Cowboys 24 9 1 14 -146 25
13 Tigers 24 9 0 15 -135 24
14 Rabbitohs 24 9 0 15 -181 24
15 Dragons 24 8 0 16 -130 22
16 Titans 24 6 0 18 -199 18
17 Knights 24 6 0 18 -300 18
Back
Top Bottom