We’re not on death row, say NRL Titans

By Wayne Heming,

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47 Have your say

    Embattled Gold Coast chief Michael Searle has dismissed claims his debt-stricken NRL club is on the brink.

    A Federal Court in Brisbane ruled on Friday that a major construction company could begin wind-up proceedings against the organisation’s property arm next month.

    The club, which has run up record debts in excess of $30 million, could find themselves on death row next month unless they can prove their solvency within 30 days, with the debt intertwined with the football club.

    It’s believed the Titans football club had given some financial guarantees to the Centre of Excellent which could impact on them should the property arm goes bust.

    However, Searle said in a statement on Friday that two formal expressions of interest have been made for the club’s $20m centre of excellence at Robina, which is at the centre of the legal action.

    Searle re-iterated earlier claims that the football club is facing a current cash flow shortfall of $2.5m, but is projecting a profit in 2012.

    He said the club have been in discussion with the ARLC about funding to ensure its longevity and sustainability.

    “We are confident that with the full support of the Commission we will ensure the Titans remain a viable and competitive force in the NRL for many years to come,” Searle said.

    Justice John Reeves on Friday ruled in favour of Reed Constructions, who claim to be owed $1.46 million, replacing the Australian Taxation Office as the plaintiff in the bankruptcy action after the ATO withdrew last Friday.

    While expressing extreme concerns at the depth of the club’s debts, ARLC chief executive David Gallop said Friday’s Federal Court outcome had not changed the club’s perilous situation.

    That would change dramatically with the possibility the ARLC may yet be forced to step in and financially bail out the Titans should next month’s liquidation proceedings be successful.

    While Searle’s investments have put the future of the club at risk club chief executives have private concerns he’s shuffling the Titans’ deck chairs as they flounder financially.

    Even the NRL which sent financial auditors north this week amid rumours the Titans were sinking fast, have been caught off guard by the magnitude of debts run up by the property arm.

    An alarmed NRL club boss told AAP during the week the Titans were “on life support waiting to die”.

    Other chief executives contacted were deeply concerned if the Titans folded it would be a really “bad look” for rugby league at a time when it was talking boldly about expanding its game.

    Queensland rugby league icons Wally Lewis and Mal Meninga were united in their calls this week to the Commission not to allow the Titans go the same way as the ill-fated Seagulls, Giants and Chargers before them.

    Lewis played 34 games for the Gold Coast and also made his coaching debut with the club.

    He said everything possible had to be done to rescue the Titans.

    “Can you imagine what the AFL will do if the Titans fold?,” warned Lewis.

    “They have to survive.”

    Meninga though was confident the Commission would intervene.

    “I’m pretty sure they (the commission) will be in the trenches with the Titans when it’s crunch time, so I would imagine they don’t want them to not succeed,” Meninga said.

    © AAP 2018

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    The Crowd Says (47)

    • March 24th 2012 @ 7:53am
      BT said | March 24th 2012 @ 7:53am | ! Report

      The club has been poorly run. Everyone in rugby league circles knows it. Money was wasted right from the start. Good example is the Titans taking kids away from home 16 or 17 and putting them up in schools. I am not just talking a few kids here and there, but large numbers. It would have cost a fortune, and only a very small percentage would have made it.

      They would have been better advised to form good working relationships with the clubs in the region, helped clubs in the Gold Coast Region and Northern Rivers of NSW region with coaching etc, help these regions to get kids playing rugby league etc etc. Basically help to foster and develop league. This would lead to long term sustainablility and success.They could have had the kids stay at their local clubs, maybe paid for some of their education, held regular training camps etc. Would have made everyone happy and cost a lot less money.

      Instead they took short cuts, only cared about themselves, for want of a better word “raped and pillaged” clubs in the region, got all the clubs offside and now probably wonder why people don’t care about them or attend any of their games. I can assure you the Titans have very little support from the rugby leagues fraternity in the region.

      Searle has dug his own grave. The sooner he is out of it the better. Unfortunately the NRL does not appear to have any long term goals for rugby league either, so its hard to say they would do any better running the club.

    • March 24th 2012 @ 9:26am
      Matt_S said | March 24th 2012 @ 9:26am | ! Report

      Where is this evidence the Titans have little support from the local rugby league community? Everything you see, the Titans have had to foot the bill unlike the Suns & GWS which got heaps of AFL financial help.

      Added, the Centre of Excellence got hit by the financial crisis and a number of builders going belly up or not doing a proper job.

      Isn’t this Reed group insolvent themselves and owing millions to tradies?

      The media is running big on this one and are just ensuring the Titans fold because the moral media are outraged. Too bad they don’t question their own debt levels and multimillion contracts handed out to hasbeen journalists.

      The Titans in my view have been well-engaged with the community but have been battered by a media who have allowed readies to vent their claims to the wider public. Over a lifetime I’ve been ripped off by tradies, where’s my justice? I complain, fill out a form!

      • March 24th 2012 @ 1:03pm
        Nathan of Perth said | March 24th 2012 @ 1:03pm | ! Report

        The problem is that the Titans tried to be REALLY clever with their funding ideas and it has now bit them on the backside really badly. The CoE idea is a really really big albatross for the NRL to try and deal with.

        Probably wouldn’t kill the NRL to try and help refinance or handle the interest components of repayments or something though. But they’re not going to simply spill tens of millions that are supposed to benefit all of Australian Rugby League to bail out an entrepreneur who gambled and lost.

      • March 25th 2012 @ 10:40am
        BT said | March 25th 2012 @ 10:40am | ! Report

      • March 25th 2012 @ 10:43am
        BT said | March 25th 2012 @ 10:43am | ! Report

        Mate, I have been involved at ground level, and I can assure you the local clubs, including the Northern Rivers of NSW, cannot stand the Titans. They have burnt too many bridges. Titans are in it for the Titans, and only the Titans.

        For a little more insight read Barry Tooheys column in the Telegraph today. I can assure you that is all 100% true and even more too it.

        Searle has to go.

        • March 25th 2012 @ 10:11pm
          Pete75 said | March 25th 2012 @ 10:11pm | ! Report

          I tend to agree with you BT.

          Alienating the region with bad debts hardly seems a road to long term sustainability. The hubris with which Searle has conducted himself is just icing on a bitter tasting cake.

          The Centre of Excellence is illustrative of that attitude and will be an ironic monument to failure.

          The NRL has to step in, perhaps buying the club licence. RL on the Gold Coast had to survive, but Searle has to go.

    • March 24th 2012 @ 9:43am
      Matt_S said | March 24th 2012 @ 9:43am | ! Report

      If one wants evidence of media bias just had to tune into the today show on nine where they have been making a joke about the Titans financial problems. They even joked Searle should bet on the races today to garner some money then backtracked saying “we don’t condone gambling” This is disgusting gutter journalism and more disgusting cos channel nine have a billion dollar plus debt.

    • March 24th 2012 @ 10:48am
      oikee said | March 24th 2012 @ 10:48am | ! Report

      Seale is like the Queensland government, living in denial. Let the people who are sitting outside the club be the judge.
      And from what we can see, and what the courts and people who are ” taking you to court”, it does not look good.
      Seale my good friend, you are nothing more than a darn fool.
      The NRL commission are fools if they dont cut this club loose and start up in Rocky.
      I expect action, no more lies, no more silly expansion. Move to heartlands and if we need to go outside, put the money in or get a billionaire to prop it up for 10 years.
      You cant survive on a year by year plan. And this is all the Gold Coast will ever be, and we will throw 10’s of millions propping it up,
      For the love of Australia making dud decisions, can we at least think outside the stupid decision square.
      Cut them loose now. It is a damm tourist strip, nothing more, they will never win anything, can you ever see them beating the mighty Bronx. Ever.!
      The other team will also just be a propped up mob as well, bleeding tens of millions. I go to the coast to holiday and party. Most sane people do.

      • March 25th 2012 @ 10:16pm
        Pete75 said | March 25th 2012 @ 10:16pm | ! Report

        I disagree oikee.

        Sane people stay out of the Gold Coast altogether.

    • March 24th 2012 @ 10:53am
      oikee said | March 24th 2012 @ 10:53am | ! Report

      You need to understand the Queensland market, and the rugby league areas are Rockhampton and Ipswich.
      Put teams in both these areas and sit back and watch the game grow.

    • March 24th 2012 @ 11:13am
      Ian Whitchurch said | March 24th 2012 @ 11:13am | ! Report

      Oikee, quit being weak and gutless. Rugby league will survive on the Gold Coast. There is too much sponsorship, and too many tourists you can sell travel packages to, to weakly concede the area to the AFL.

      First thing, the Independant Commission announces that if the Gold Coast Titans folds, then all player and staff contracts will be honoured by any replacement club, who for arguments sake I will call the Gold Coast Seagulls.

      Second thing, we get everyone to accept that Searle is wiped out with this. At the end of this process, he doesnt own a rugby league club playing on the Gold Coast in the NRL.

      Thirdly, we look to cut a deal with the people suing Searle – if they give us the Gold Coast Titans’ intellectual property, then we’re happy to pay them a little cash, and a lot of free tickets and free sponsorship.

      Fourthly, the Independant Commission sits down with the management of Metricon Stadium – that would be the Gold Coast Suns, because the AFL was smart enough to put equity into the stadium early – to talk about renting the ground for the Gold Coast Seagulls to play in.

      Yeah, its an oval, just like the SCG. Deal with it. We also might have a Center of Excellence they might want to buy.

      Fifthly, we tell Stadiums Queensland about point four, and ask them if they want to come back with a better offer, or they can have fun trying to fill the ground the Titans and GCU used to play in.

      Sixthly, we offer equity in the Gold Coast Seagulls to all the junior RL clubs playing in the district. We want this to be *their* club, not a club owned by the NRL.

      Finally, we publish a schedule of when the Gold Coast Seagulls will be playing and against whom, so rugby league fans can book travel packages and organise leave six months or so in advance, for a quick winter break for the wife and kids. Right now, I know Titans are at home against Penrith in round 15, but do I book a friday, a saturday or a sunday flight ? I cant know, so I dont go.

      If channel nine are stroppy, tell em to see us in court.

      This should all let the NRL keep a team on the Gold Coast.

      • March 24th 2012 @ 12:46pm
        oikee said | March 24th 2012 @ 12:46pm | ! Report

        Are you completely mad. ? So what you are saying is we just roll over like lapdogs and concede.
        Look, if you think any team , even the Suns will do any good on the coast, you have rocks mate.
        Listen and listen good, the coast is a tourist strip, can you understand this, it has theme parks and hoiday units, alot of Brisbane people own these holiday units,.
        AFL wont take anything away from the NRL, we would be mad not to pack up shop and leave now, if we had any sense.
        The coast operates on tourism, and nobody in Brisbane or the rest of Queensland gives a barnicle abotu the coast, apart from knowing it is a holiday spot. That is our support, along with Japanese and China tourists.
        The AFL probably think they can capture this market. ???
        Mate, Brivegas is the city to be, the new world city. This is where the Chinese businessmen and women are going to be, not on the coast.
        The mining town of Rockhampton is where chinese billionaires are going to be wined and dined, along with the Broncos and whatever other team plays out of Suncorp, the best rectangle stadium in oz,

        Now, i will say it again, no more wool over the eyes, no more head in the sand. Lets start to grow this game, and Rockhampton is the best possible start, because Queensland is looking at growing other cites bigger, not just the southeast. this is a Newman pollicy, it is coming from the guy who is going to lead our state.
        Now, what else do you wish to argue about, anything.

      • March 24th 2012 @ 12:50pm
        oikee said | March 24th 2012 @ 12:50pm | ! Report

        And P.S, our game has a world cup next year in England, we are about growing the game around the world, not just worried about what the AFL is doing. So what the AFL is bigger, they can never have a world cup, and they can not grow as fast as league is growing, to prove this, America for the first time ever is in the next World cup.
        The league World cup will be next in australia again, and it will continue to grow the game with more teams entering. It is not all about a tourist strip.
        We wont ever have a team in Vegas,.

        • March 25th 2012 @ 9:41pm
          Maximus said | March 25th 2012 @ 9:41pm | ! Report

          As many people play AFL in the US as Rugby league so i’m not sure what your point is. The NRL has a World cup of 4-5 genuine nations lets not get too carried away. In other countries it is a niche sport like the AFL is in those countries. you say the GC cant support an NRL team but then Rocky can — please!!

          • March 26th 2012 @ 4:34pm
            Crosscoder said | March 26th 2012 @ 4:34pm | ! Report

            To be fair Maximus it is still a world cup,with govt support,local council and community support,and is being televised to a number of countries.All teams that play are genuine IOW have their own comps.I don’t know why you get the idea they are not genuine.Perhaps competitive might be a better descritpion.This is not RLWC 2000.
            Oikeé’s point was simply to show the US are represented in the WC this time,and rugby league is now shown in the US on the soccer channel on Fox.
            Both GC and Rocky shoul have nRL teams,so i disagree with Oikee,not for the first time BTW.

      • March 26th 2012 @ 10:30am
        Australian Rules said | March 26th 2012 @ 10:30am | ! Report

        This is a good response Ian and is probably too lucid to be wasted on Oikee.

        The stadium problem is a big one for the Titans…and indeed for the region. The Qld govt poured $160M into the stadium and it has only ever filled it’s 27,000 capacity on a couple of occasions (the last time, I believe, being the 2009 qualifying final between the Titans and Broncos).

        If fans don’t want to go to games (for either League or soccer) the facility will be a rusting hulk in Robina for a long time.

        The other main problem is private ownership. So many clubs seem to survive on the whim and fancy of their millionaire owners (see Clive Palmer) and this is simply not a long term sustainable solution. That said, I’m not sure what the alternative is…without paid up members and control of gate receipts, these clubs cannot survive.

        • March 26th 2012 @ 4:44pm
          Crosscoder said | March 26th 2012 @ 4:44pm | ! Report

          AR the Broncos are privately owned and they seem to be doing more than OK.As are the NZ Warriors.Private ownership can and does work.Its when the owner egos take over ,you have a problem.
          And has been shown even community based clubs,can fall on hard times:Sharks,Port Adelaide.

          Not every stadium in every code is filled to capacity week in week out.The Titan’s crowds prior to the disastrous performing 2011 year,were well up the scale.

          I was there when the Titans played a semi with near 27,000 on hand.the pricing is too high,the govt rental is too high.

          Do not become complacent,the Suns had their inaugural year with decent crowds.It is maintaining them in an area that is on the tourist strip,and has major economic woe,that will be the big test.
          The admin can only pump money also for X number of years,and then it is up to the club.

          The only saving grace pointed out by real estate and financial guru.Economies such as the GC have their boom and busts.Currently the bust is still prevailing,but the high rise cranes will reappear and people will flock back and live and play there ,as they have done since the 60s.

          .

          • March 26th 2012 @ 6:08pm
            Australian Rules said | March 26th 2012 @ 6:08pm | ! Report

            Yes CC, but the Broncos have the massive advantage of being the only club in a League city of 2 million people. They have free reign and don’t have to compete with 9 other clubs (like your beloved Sharks do). Getting 30k a game should be a cinch for the Broncs. Ditto for the Warriors.

            What the AFL does is actually stump up the cash for new stadiums. They chipped in $10M for Metricon and the Suns were given management rights to run the place…meaning gate-takings for games and other events like concerts, feed back into the club. Focussing on members is also critical…when members own the clubs, you get better governance and if you don’t, you vote to change the Board. Palmer and Searle are shining examples of what is wrong with teh private ownership model.

            Also, it’s nonsense that ticket prices to games are too high. Titans games are $27 for Adults which is comparable with the cost of any other live sporting event in Australia.

            • March 27th 2012 @ 3:06pm
              Crosscoder said | March 27th 2012 @ 3:06pm | ! Report

              AR The Warriors have to compete in a union mad country,and they are privately owned.Andf it is not a cinch to get 30,000 at a Warrior’s game BTW.You stated private ownership is the problem ,I just gave you a couple of examples where it is not,and i will throw in the Knights and Rabbitohs and to a lesser degree Manly..

              If you are of the view that all community clubs are profitable ,then I cite examples in both NRL and AFL where they simply are not ,and require head office funding/grants to exist.So better governance is not the rule ask Port Adelaide and other clubs that live hand to mouth.To suggest otherewise as the examples show is pure claptrap.
              The interesting thing to further note,these privately owned clubs are pouring money into jnr development,taking the pressure (albeit limited) off head office.

              Memo the AFL are pouring tens of millions of dollars to prop up GC and GWS for the next 10 years.So community clubs do need assistance not only in new areas but established ones.
              .
              I am fully aware of the limited funding the code ,put into the new stadiums,to be used by one winter code..
              The AFL does not stump up the cash for the new stadiums ,they in fact pay a nominal amount to secure mgt rights(and that is a smart move).Big difference.How much did Metricon cost not $10m,obviously the Qld govt came up with the rest.,and there is no iron clad guarantee, that everything in the garden will be rosy for the code there,private or community club,once the funding stops..

              And I can assure you the Sydney NRL clubs would love to get similar grants that the GWS received to improve their stadiums.Clubs have also chipped in over the years to improve facilities ,with little state and fed govt support.

              Depends where you sit at the stadium.The general complaint from many Titans fans ,are the costs of seating and the lack of parking go figureI i suggest those fans would be in a better position to comment than you or I.
              From, memory going back a couple of year I paid more than $27 for my ticket,admittedly between the 1/4 lines and half way..

              Palmer and Searle are the exception rather than the rule.If Searle hadn’t decided to get involved in being the next Meriton Holdings,the club would be making a profit yearly.Proving the private ownership does work on the GC.He knows the area ,played football in teh area.What he didn’t get,was the downturn in the building industry and other associated financial issues.

              I understand as we debate a group of high profle SEQ businessmen are in the throes of a due diligence of the COE and the Titans football club with a view of taking over,with Searle shown exit side door A.

              • March 27th 2012 @ 5:08pm
                Australian Rules said | March 27th 2012 @ 5:08pm | ! Report

                Interesting points.

                But you didn’t mention that the Warriors got 37k to their opening game. NZ might be “union mad” but the Warriors are a stand-alone team selling a unique product to Auckland and the rest of the country.
                They essentially have no competition.

                By arguing against members-based ownership, you cite Porrt Adelaide. Ok…but you don’t mention Collingwood, Essendon, WCE, Adelaide, Hawthorn, Sydney, Carlton, Geelong etc etce tc and all the other clubs which are independent and successful due to being member-owned. You just picked the weak one at the lowest point in its history (both on field and off).

                Also, the Knights haven’t really commenced yet under Tinkler. He’s got lots of cash and has spent up but if things turn sour for him in the mines, what happens to the club? Or what if Rusty loses interest in his beloved Bunnies?
                The point there is, only member-based clubs provide LONG-term security. In private ownership you are completely at the whim of one fan.

                Re stadiums…I didn’t infer that AFL pay the total bill…but they stump up significant amounts of cash.
                No other code in Australia does this. The Qld govt paid the entire $160M for Skilled Park. Why should the Titans or GCU get handouts from them?
                By the AFL paying for management rights and assisting with development, it enables fledgling clubs like the GC to make money early…not just thru gates, but thru branding and other events. They made a killing from the 30k that attended the Foo Fighters concert at Metricon for eg.

      • March 26th 2012 @ 3:36pm
        Jaceman said | March 26th 2012 @ 3:36pm | ! Report

        Ian

        I doubt the AFL or Suns would put offside the new Qld Govt by trying to undercut the rental agreement of a State Govt organisation. I’m sure that the Metricom agreement had a clause to prevent undcutting Stadia Qld. Besides Demetriou is seen as a Labour person and the State Govts in the big 4 states are all conservative so he needs to do some work…

        • March 27th 2012 @ 1:05am
          Ian Whitchurch said | March 27th 2012 @ 1:05am | ! Report

          Jaceman,

          Explain to me again why, right now, the AFL needs State governments to help them out. I see a code in control of its own grounds, and planning for it’s own media outlet.

          That said, the negotiations regarding Metricon are, mostly, a bluff. The idea is to get a more realistic rental for their existing ground, which will be a rather empty white elephant if both GCU and the Titans die.

          Given how weak and gutless conservative governments are in Australia regarding vested interests, I’d say a backdown and a new contract is close to a certainty.

          • March 28th 2012 @ 12:26pm
            Jaceman said | March 28th 2012 @ 12:26pm | ! Report

            Ian,

            My long answer was lost but Qld Govt for Cairns games, WA govt for 3rd perth team, definitely the Tas govt to subsidise a Tas team at the next TV rights deal to mention a few. Why would the AFL upset a new Qld govt by undercutting the Robina deal – not a good idea…

        • March 28th 2012 @ 7:52am
          Crosscoder said | March 28th 2012 @ 7:52am | ! Report

          AR If you are going to cite a one off game at Eden park and use that as a criterera ,the facts suggest otherwise with the crowds at mt Smart Stadium.
          And the Storm are a stand alone team selling a unique product in a hostile environment.Bad example champ.
          i am not arguing against membership based clubs.The ideal situation would be to have all clubs like Collingwood.It won’t happen.All I have done is shown examples where situations exist in both community and privately owned clubs,that get into the financial mess at times.Port Adelaide is not the only club that needs financial assiatnce at times FFS.

          The Knights haven’t really commenced under Tinkler!!!.You do realise his involvement with the Jets.You do realise he has not to my knowledge using the Knights as guarantors for any outlandish development proposals.

          I will tell you what happens ,the Knights with their large supporter base ditto souths together with the new increased grants that will ensue from the next Tv deal,will ensure continuity.If Cronulla is able to do it,without the debt of the leagues club(which it currently has) then these clubs with far bigger membership bases will.

          Then one may ask why should new AFL clubs gets huge largesse such as a state govt contribution of $85m to the SCG and to Skoda,when other RL clubs who have been contributing huge tax monies to state and fed govts for decades and get SFA of late toward their stadiums. .And to state the NRL clubs have contributed nothing is out and out BS.The sharks is one example that sticks out likes d..balls.How much of that govt money to teh SCG has come out of poker machine revenue for starters?

          The stadium on the GC can and is used for three codes of football,not just rugby league.The Titans are paying rent to the state govt,so the govt is getting a nice earner.Rectangular fields can be used by a multitude of sports.Lang Park is used by Broncos/Reds and Roar.Full utilisation.

          You can have all ther Foo Fighters in the world,but if the team is playing like chumps they will lose fans.It happens.

          • March 28th 2012 @ 2:55pm
            duecer said | March 28th 2012 @ 2:55pm | ! Report

            I didn’t know the SCG was being upgraded soley for the AFL – I thought Cricket was going to benefit as well.

            • March 28th 2012 @ 5:25pm
              Crosscoder said | March 28th 2012 @ 5:25pm | ! Report

              Cricket is played there in the winter months ???? ,no just one code.Other codes in fact do exist in this fair city and are indeed quite popular.
              That is fine to provide funds for that stadium,but that stadium is not the only one in Sydney that needs facility updates.
              State govts has been aware of the lack of decent facilities for rectangular fields in Sydney for yonks,instead the Carr govt built walking tracks and I am still trying to figure out what other infrastructure projects.
              And recent govts complaiin there is no money ,but can find $85m.You gotta love pollies.Creatures of convenience and political expediency.

          • March 28th 2012 @ 5:07pm
            Australian Rules said | March 28th 2012 @ 5:07pm | ! Report

            CC

            First, the game at Mt Smart shows that the Warriors CAN have a large weekly supporter base. They, with their billionaire owner, should be more like the Broncos.

            Second, you didn’t answer what would happen to the club if Tinkler decided he’d had enough. Just sell to the next mining billionaire? How many are there?

            Third, if fans don’t control the club (i.e. own it) there is NO GUARANTEE for survival. Are you seriously using the Bunnies as your example? There was marching in the streets, crisis meetings and the club eventually got booted out for 2 years before it was rescued by a benevolent fan. Is that really the way forward?!!

            Fourth, hoping for greater handouts from the next tv deal does NOT “ensure continuity”. Gate receipts and memberships do.

            Fifth, the AFL contributes to stadiums – the NRL does not. Moreover, Aussie Rules Footy is played on cricket grounds (which are probably the most significantly historic grounds across Australia), meaning state governments want to update them and look after them.

            Sixth, approx 3.5M more people per year attend AFL matches than NRL matches, so the state governments will always look after the majority.

            Seventh, I’m not sure why you’re citing the utility of Skilled Park. It’s been an unmitigated disaster for all teams that play there. Why? Because the NRL contributes nothing…why should those clubs get a free ride? Because the QLD govt is nice? Being rectangular doesn’t magically make it work.

            That’ll do.

            • March 28th 2012 @ 6:00pm
              Crosscoder said | March 28th 2012 @ 6:00pm | ! Report

              AR.
              The Warriors are a team in a ru stronghold.Got it?
              I will spell it out .If Tinkler has had enough,the club reverts to either private ownership or back to a community based one.If you remember rightly the club existed before Tinkler arrived on the scene.They now have a new stand and that has added to the crowds who attend.Know your Knights history since the joined.

              There is no iron clad guarantee for survival for any club in any code,years down the line.No one can predict the future.Have a 30s type depression and see how many survive.
              Hello!! Souths according to Piggins would have survived in some form ,and judging by their membership numbers they will continue to do so.
              You have a hard job in handling the fact,that teams like Cronulla have survived to date with monetary problems and a SL war.They are at last reports a community club.

              I am as well as the NRL are fully aware of the membership importance,and the membership numbers have shown another big increase this year.The clubs are hardly sitting on their backsides doing nothing FFS.
              Gate receipts and memberships as you should well know are part of the mix.Without the Tv contract monies the AFL would not be able to splurge like they have done on the GC and GWS.To suggest otherwise defies logic.Without the tV monies even your code would have to belt tighten.

              BTW it is not a case of hoping as every man and his dog has admitted in the Tv industry ,rugby league will reeceive a big increase.Gyngell said so,Leckie,even Delaney of Foxtel. Tv ratings last year and to date have only reinforced that view.
              Even ch9 is finnally getting the message to show the NRL in Victoria on their FTA HD network.

              Bad argument the 3.5m are not in the Nthn states ,the majority, overwhelming so,follow the rectangular codes and that includes also international matches.Sorry to shoot down your angle.

              Silly comment.The NRL via the Titans pay rental monies,the Titans when they initially made profits contributed tax monies,the fans visiting the GC contribute tourist dollars.Even the GC united pays rental..
              You have not one iota of a clue the Titans were getting average crowds around the 20,000 mark,when they were going well,until the problems with the COE surfaced.There position on the ladder in 2011 and this year??
              .
              The stupidity of the COE and tradesmen not being paid etc created a bitter taste and compounded the issue ,in effect affecting some of their own fans involved in the trades.

              Paul Broughton the chairman of the Titans resigned because he did not know of some of the workings that were going on behind the scenes.He stated the Titans were profitable on the football side,and he is not the only one.Why the hell do you think other consoortia want to buy in.

              The Titans did not receive establishment support from the NRL from day one,like the Suns.

              To say the NRL contributes nothing in Queensland and in that area,shows you know little of the work that goes on with their one Community work.Sometimes you guys from the other code ,need to do a little homework.Rugby league as whole contribute a hell of a lot to the Qld economy.It defies belief that you can;t see it.

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