NRL completes sale of Gold Coast Titans: Reports

By Steve Zemek, Steve Zemek is a Roar Guru

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    The NRL has reportedly approved the sale of the Gold Coast Titans to former co-owner Darryl Kelly and ex-chair Rebecca Frizelle.

    The consortium beat off a rival bid from Brisbane-based businessman Stuart McAuliffe with the deal to be announced on Thursday, according to News Corp.

    The NRL took over the troubled franchise in 2014 after it ran into financial difficulties.

    Several prospective owners including the North Sydney Bears and Brisbane Bombers NRL bid expressed interest in taking over the club.

    However, the bid from Kelly and Frizelle is believed to have been successful.

    Businesswoman Frizelle was the league’s first female chair, however, stepped down from the role in September to join the bid for the club.

    Kelly lost $5 million after the club’s collapse three years ago but wanted to remain involved.

    The Gold Coast franchise has been plagued by problems dating back to the late 1980s with the Seagulls and Chargers both going bust.

    © AAP 2018

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    The Crowd Says (15)

    • December 13th 2017 @ 2:44pm
      P Air said | December 13th 2017 @ 2:44pm | ! Report

      Great news. Now move them to WA

      • December 14th 2017 @ 9:36am
        Sammy said | December 14th 2017 @ 9:36am | ! Report

        The “West Coast Titans” could be a good fit for Perth – same colours as the West Coast Eagles.

        But I reckon Perth deserves a new team set-up from scratch.

        The Gold Coast should take some home matches to Brisbane, then look at expanding their fan base into South Brisbane and establish partnerships with the Queensland Cup teams that are south of the Brisbane River.

        The Broncos can stay north of the River.

    • December 13th 2017 @ 3:15pm
      RandyM said | December 13th 2017 @ 3:15pm | ! Report

      At least sanity has prevailed and the Bears were not given control of them just to rebrand and relocate them to the Central Coast in 3 years time.

      • December 13th 2017 @ 9:38pm
        Sham said | December 13th 2017 @ 9:38pm | ! Report

        They (the Bears) pulled out some time ago. Back to the Future for the Titans. Apparently going back to previous directors is the way to go. I hope it works not sure that it will.

    • December 13th 2017 @ 9:34pm
      Your kidding said | December 13th 2017 @ 9:34pm | ! Report

      Suckers!

      • December 15th 2017 @ 7:17pm
        terrence said | December 15th 2017 @ 7:17pm | ! Report

        YK,
        you might be on the right track.
        They should now be called Gold Coast 7.0
        Great history 1998 to now:
        Gold Coast Tweed Chargers
        Gold Coast Seagulls
        Gold Coast Gladiators (privately owned, licence revoked)
        Gold Coast Chargers
        A happy decade of no failing Gold Coast team!
        Gold Coast Titans (privately owned)
        Gold Coast Titans (NRL owned)
        Gold Coast Titan (privately owned)

        Why do the NRL/AFL keep persisting in this transient holiday strip? Market it properly (aiming it at away fans for a weekend away in the warmth away from the southern winter) or put a team in Perth (NRL) or Tassie (AFL).

        Why both the NRL/AFL keep wasting their money on this area without a real soul or a beating heart is an interesting question.

        • December 16th 2017 @ 3:23pm
          RandyM said | December 16th 2017 @ 3:23pm | ! Report

          The Gold Coast is more than a transient holiday strip. There are suburbs there with houses and families living in them, all the way from Logan down to northern NSW. Lots of transport infrastructure, a decent airport, commonwealth games coming up.

          The Titans and Suns are encompassing huge areas, not just Surfers Paradise/Broadbeach. The Titans have made the finals once since 2011, they’ve had some off field issues and their recruitment has been quite poor imo. There is a lot of potential still there for a team that could be a real powerhouse one day.

          • December 17th 2017 @ 12:17pm
            terrence said | December 17th 2017 @ 12:17pm | ! Report

            RandyM,

            No doubt there are suburbs on the Gold Coast, the growth in housing there has be extraordinary. But the majority of those who live on the Gold Coast came from somewhere else, primarily Victoria and NSW. They either retired up there, or if younger, they went on holidays there once and thought this is warmer and cheaper than where I can’t hack it at the moment, let’s move here.

            It’s all fading glitter with no soul, which shows it its sporting teams.

            Four seasons in 22 they have made the finals (winning 2 from 7 finals appearances), not a great record.

            I keep hearing words like ”potential” and ”powerhouse” associated with sporting teams, unfortunately, I’ve never associated it with Gold Coast professional sporting teams.

            The words I associate with Gold Coast sporting teams are: “in administration”, ”struggling”, ”underperforming star recruit”, ”new head coach”, ”new owners”, etc.

    • December 14th 2017 @ 8:04am
      Jimmmy said | December 14th 2017 @ 8:04am | ! Report

      It’s good news for the Titans All they need now is a little onfield success. I will get to at least a couple of their games next season. Wish the club the very best of good luck.

    • December 14th 2017 @ 9:14am
      Oingo Boingo said | December 14th 2017 @ 9:14am | ! Report

      Nice to be able to bounce back from a 5 mill loss, and just throw ya hat in the ring again .
      I’m not really sure what that says about Mr Kelly and the situation in general.
      Add to that , the person that oversaw the whole Henry V Hayne debacle and it just gets more bizarre.
      Hopefully it’s on field news being generated in 2018 , but with such strange circumstances I remain cynical.

      • December 15th 2017 @ 10:04pm
        Big Daddy said | December 15th 2017 @ 10:04pm | ! Report

        Spot on.
        Money talks and b##ls##t walks.
        I bet NRL couldn’t wait to dump it.
        Maybe another tinkler or Palmer episode.
        I really think NRL ownership is not for someone with deep pockets and no brains.

    • December 16th 2017 @ 10:53am
      Crosscoder said | December 16th 2017 @ 10:53am | ! Report

      One thing for sure Frizelle and Co are not Tinkler or Palmer or Skase.

      The whole Titans debacle started with their Cof E,then the GFC hit, money owed, money not paid,tradesmen hurt financially,the clubs name in the community ATT mud.
      Frizelle is a local business identity well established who came in after the Searle debacle and with Kelly who lost millions, steered the club with NRL assistance.

      If it was all about deep pockets ,the other bidder with $25m to throw in ,would have got the gig.

      The facts are like all NRL clubs they get their grant plus 30%.If they can’t make a go of it, then by all means move it.The NRL will not be supporting financially clubs who get into financial troubles.

      Throw in the new Titan’s chairman (who was a Broncos director )and help make the club the powerhouse it is today, a huge junior base, suggests they are in for the long haul.

      The new Titans board have the brains and know the area well.Not ego trippers.

      • December 16th 2017 @ 5:59pm
        Big Daddy said | December 16th 2017 @ 5:59pm | ! Report

        The frizelle motor group is now owned by the Peter Warren group of which Quadrant is now a major investor.

      • December 19th 2017 @ 12:57pm
        Mushi said | December 19th 2017 @ 12:57pm | ! Report

        Hold on didn’t you wax lyrical about how smart Searle was and how he had ensured none of the Cot of E debt would affect the viability of the NRL franchise?

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