NRL confirms Gold Coast sale a done deal

By AAP,

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    Former co-owner Darryl Kelly and ex-chair Rebecca Frizelle have been unveiled as the new owners of the Gold Coast Titans.

    The pair were in a two-way battle with Stuart McAuliffe for the keys to the NRL-owned club in a sale that has been a drawn-out process.

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

    Kelly lost $5 million after the club’s collapse three years ago, but wanted to remain involved and, along with Frizelle, has worked overtime to keep the ship afloat.

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

    NRL chief executive Todd Greenberg announced the local consortium, which consists of Darryl and Joanne Kelly and Rebecca and Brett Frizelle, as the new owners on Friday.

    The NRL put the Titans up for sale in late August, having already liaised with several interested parties with the process dragging well beyond the original late October settlement prediction.

    Greenberg said the consortium was the right one to ensure long-term stability for the code on the Gold Coast.

    “We said all the way through this process that our primary aim was to ensure the Titans become a well-run, profitable and successful club for their fans and the local community,” Greenberg said.

    “And we have no doubt that can best be achieved under the direction of this consortium.

    “They have restored the club to the position where it has a strong future and there is no reason the Titans, with their strong grassroots base, shouldn’t go on to become a powerhouse of our competition.”

    Kelly said he would relish the return to his former post.

    “I’ve been involved in this game throughout my life at a regional and grassroots level, and while my time with the Titans has been challenging, I genuinely believe we can make a difference now that the ownership has been resolved,” he said.

    Frizelle said the plan was to eventually establish the club as community-owned.

    © AAP 2018

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    The Crowd Says (5)

    • December 16th 2017 @ 10:43am
      Big Daddy said | December 16th 2017 @ 10:43am | ! Report

      Now all we need to know who the real owners are.
      I believe the james frizelle group are now owned by Peter warren who in turn have a big investment by Quadrant group.
      ??????

      • December 16th 2017 @ 7:56pm
        kingcowboy said | December 16th 2017 @ 7:56pm | ! Report

        BD that might be the case but Rebecca could have used part of the proceeds of sale of car business to purchase her share in the Titans. Not sure but I think that good chance that be the case.

        • December 17th 2017 @ 10:12am
          Big Daddy said | December 17th 2017 @ 10:12am | ! Report

          I think the car business was started by her father in law so not sure is the one with the money.
          Regardless i think they are headed in the right direction.
          Quadrant are fairly well cashed up.

    • December 16th 2017 @ 10:48pm
      Over here said | December 16th 2017 @ 10:48pm | ! Report

      Who cares so long as ownership stays local. Lets go…..titans ….the plane has departed and normal service can now resume. Best of luck and my commiserations go to Brad Arthurs and all Parra Eels fans. Strap in for a wild Hayne plane ride 😉

    • Roar Pro

      December 17th 2017 @ 6:30pm
      Adam Hayward said | December 17th 2017 @ 6:30pm | ! Report

      The gold coast is one of the fastest growing areas not only in Australia, but the world. They have a world class stadium (shit location admittedly) and the fan base is there, despite low crowd numbers.

      This is it for the Gold Coast. Frizelle and Kelly need to make this work. Get amongst the community, promote the game and the team, consistent on-field success and in 5-10 years they could become a powerhouse club.

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