Knights Ownership

Discussion in 'Newcastle Knights Discussion' started by Billy, Aug 5, 2016.

  1. member 2299

    member 2299 Andrew 'Joey' Johns

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    The greatest headline would be 'Turdberg sacked'. What else would you expect from one of Uncle Rupe's boys? All he is interested in is a bottom line profit. He and Smith nothing but bean counters.
     
  2. Joshhh

    Joshhh OnARampageFuelledByGod

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    I think Rothfields on our side in that article, just relaying what he's heard. In saying that, it's an obvious headline grabber because everyone knows it'll never be a reality.
     
  3. EASBay17

    EASBay17 Shane Christensen

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    yeah in his interview with matty johns he says its ridiculous and will never happen. He thinks that if any team had to relocate it should be one of the 9 sydney teams. Common sense really.
     
  4. 88Knight4life

    88Knight4life Ben Kennedy

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    Yeah they should shift manly off, worst ground in the comp, smallest fan base in Sydney and Ipswich eagles has a good ring to it lols
     
  5. member 2299

    member 2299 Andrew 'Joey' Johns

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    Bit far to the sea for the poor Haliaeetus Leucogaster feeding its chicks in Ipswich. It ain't Belrose broher 88!
     
    Last edited: Feb 13, 2017
  6. rhugh89

    rhugh89 Moderator Staff Member Moderator

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  7. member 2299

    member 2299 Andrew 'Joey' Johns

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    McGuigan may well trust Uncle Rupe, News Limited and Turberg but I would not trust them as far as I could kick them, and with a knee replacement that would not be far.

    Rupe always wanted the Knights put down after stuffing his super visionary crap by staying true to the ARL and producing the greatest grand final ever, whilst the Broncs just managed to beat the Sharkies 486-0 or what it was and who gave a toss.
     
  8. R_A

    R_A Todd Bates

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    I remember reading joeys book at the time and he said the exact same thing. When he was reflecting on the super league war.
    If the super league was able to lure him and his brother at the time it may just have been enough to tip it over the edge and work but it's history now.
    I think butterfield was helping them out with negotiations and chief stayed with the arl so they decided to as well.
     
  9. Tasgirl

    Tasgirl Tasgirl

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    Long live the Chief.
     
  10. rhugh89

    rhugh89 Moderator Staff Member Moderator

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    Moving the Knights to Ipswich is an example of an out-of-touch NRL


    Barry Toohey, The Daily Telegraph
    February 13, 2017 2:18pm



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    [FONT=&amp]SOMEONE’S head at the NRL should roll today.

    Let’s start with the bright spark among the myriad consultants and pen-pushers who came up with the suggestion that shifting the Newcastle Knights to Ipswich was a good idea.

    Then get rid of the person or people who nodded in agreement when it was first flagged.

    Seriously, you couldn’t make this stuff up if you tried.

    The NRL can’t find a buyer for a heartland club in the sixth largest city in Australia so the “clever” people within the organisation openly discuss relocating the franchise to Ipswich, an inland Queensland city with less than half the population base of Newcastle.

    It’s absurd and downright disrespectful to the many thousands of Knights fans in the Hunter Region who have supported the game and the game’s governing body for 30 years.

    The very people who breathed life into the ARL during the Super League war to help keep their fractured competition viable.

    If the Ipswich threat is a scare tactic to put the wind up fans and somehow attract a local buyer sooner, it hasn’t worked.

    There is no panic in the streets.

    Members haven’t descended on the club’s headquarters in Mayfield with placards, demanding answers.

    Fans are treating the suggestion with the contempt it deserves.

    Just another example of an out-of-touch NRL administration prepared to listen to the advice of people who know nothing about the game and what makes rugby league so successful.

    Here is some advice for the NRL from someone who has covered the Knights from the day the club was first conceived more than 30 years ago.

    If you don’t want to run the club any more, do whatever it takes to do a deal with the highly successful Wests Group.

    If it means handing the Knights over and forgoing, in the short-term, the $4.5 million you will have outlaid to underwrite the club since previous owner Nathan Tinkler’s demise, then so be it.

    Wests is a professional, profitable organisation that will attract partners who can ensure the long-term future of the Knights, particularly under the new funding arrangements that kick in next year.

    In the meantime, spare us all the idle threats.

    If you thought the public rallies to get South Sydney back in the competition in the early 2000s were big, try turfing the Knights out of Newcastle and see what reaction you get.


    http://www.dailytelegraph.com.au/sp...y/news-story/61e985eae4723a39699b613ca4d4b738
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    NRL’s Wests Group proposal to ensure long-term future of Knights in Newcastle


    Barry Toohey, The Daily Telegraph
    February 13, 2017 7:36pm



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    [FONT=&amp]POWERFUL Newcastle club empire Wests Group is being wooed by the NRL to go into partnership with the game’s governing body to ensure the long-term future of the Knights in Newcastle.

    The Daily Telegraph understands a proposed joint venture, if given the green light by the Wests Group board and members, would result in Wests and the NRL running the Knights in the short-term before the governing body transitions itself out of the ownership model.

    Wests would then be free to engage other potential partners to help run the club in the long term.

    Talks have been ongoing for months with the proposal believed to be close to going before the Wests board.

    Provided the board agrees, it would then go to the members, possibly at their April AGM.

    If all goes to plan, a possible announcement could be made by the middle of this year.

    Unable to attract a suitable buyer following former owner Nathan Tinkler’s demise, the NRL has been forced to bankroll the Knights since 2015 and will have forked out around $4.5 million over three years to keep the club afloat by the end of this year.

    It has prompted rumours that radical options including relocating the Knights to Brisbane or even Ipswich.

    Wests Group, one of the Hunter’s biggest employers that operates six licensed clubs, has long been regarded as the logical ownership fit for the Knights.

    They are already a major sponsor and own the Centre of Excellence that houses the Knights’ administrative and training base.

    But despite a close relationship over the past 30 years, they have baulked at suggestions they were keen to own the Knights, even when the club was on its knees financially.

    They have been spooked in more recent times by a failed partnership agreement with the Knights in 2005.

    At the time, Wests agreed to underwrite the Knights for up to $1 million a season for 12 years and in return, took over the club’s commercial operations and management of the stadium in Newcastle.

    The arrangement lasted two years with Wests bailing out due to a blow-out in costs.

    The ace up the NRL’s sleeve this time around is the fact that all clubs including the Knights will be in a far better financial position next year when the new funding grants are in place when the latest television rights deal kicks in.


    http://www.dailytelegraph.com.au/sp...e/news-story/8c7bf5355f35949b80b70f26c735f076
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  11. rhugh89

    rhugh89 Moderator Staff Member Moderator

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    Why the NRL are holding off on selling the Newcastle Knights


    Phil Rothfield, Sports Editor-at-Large
    The Daily Telegraph
    24 minutes ago


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    IS it any wonder the NRL is reluctant to sell the Newcastle Knights to a private businessman?


    Think Palmer, Edelsten, Tinkler, Skase and the trail of destruction they left behind from failed ventures into rugby league, the AFL and soccer.

    Player wages, superannuation payments, ground hire fees and invoices were often dependant on their bumpy business dealings and weekly cash flow.

    NRL boss Todd Greenberg insists the game won’t be making the same mistakes again.

    “We have always said that it is crucial to find the right owner for the Newcastle Knights,” he told The Daily Telegraph.

    “The fans were let down by the previous owners but they have remained amazingly loyal and supportive during tough times.

    “We owe it to them to ensure we not only secure the right price but the right owner in any future sale.

    [/FONT][FONT=&amp]That’s why we are not rushing into any sale.”

    Fallen mining magnate Nathan Tinkler bought both the Newcastle Knights in the NRL and the Jets in the A-League.

    Stories soon emerged of players being paid late or not at all.

    Merchandise suppliers often waited months for their invoices to be paid.

    His departure two years ago forced the NRL to step in to save the club.

    All footy codes have had their bad experiences.

    Back in 1985 the Sydney Swans were in a dire financial mess.

    Enter colourful medico Dr Geoffrey Edlesten with his pink helicopter and glamorous wife.

    He was the first private owner of any major Australian sporting team.

    He was declared bankrupt in 1987 and deregistered as a medical practitioner.

    Edlesten was also sentenced to a year in jail in 1990 for hiring hitman Christopher Dale Flannery to assault a former patient.

    Clive Palmer once owned Gold Coast United in the A-League.

    At the time he was worth $5 billion, as much as Westfield boss and FFA chairman Frank Lowy and it became a battle of the billionaires.

    Palmer fought non-stop with the governing body, sacked coaches and even took over team selections himself.

    In 2012 the FFA revoked his license.

    “We had no alternative because of his flagrant disregard for A-League rules and disrespectful comments,” Lowy said at the time.

    And then there was Christopher Skase.

    He owned five resorts, an interest in the Seven television network and the Brisbane Bears.

    Ironically when he went broke it was the now Parramatta Eels chairman Max Donnelly who spent years trying to have Skase extradited from Spain but with no success.

    Max Delmege, a former real estate tycoon, poured in $15 million as an owner and sponsor of the Manly Sea Eagles … then went broke.

    These days under the ownership of the highly respected Penn family, Delmege is no longer welcome in the dressing room or anywhere around the team.

    Eddy Groves used to be a childcare tycoon with a $300 million empire and owned the Brisbane Bullets in the National Basketball League.

    When his ABC Learning centres went bust, he sold out.

    If you punch “Eddy Groves net worth” into google it now says “bankrupt and homeless.”

    He was bankrupted with debts of almost $23 million in 2013 but is now discharged.

    The NBL also experienced the Tim Johnstone disaster with the Sydney Kings.

    The renegade Firepower boss sent the club broke in 2008. Their license was revoked for two years.

    We could go on and on.

    Con Constantine built and once owned Parklea markets, which is now being run by administrators.

    He owned the Newcastle Jets when they won the 2008 A-League grand final before the FFA took his license due to unpaid bills and ironically, sold the Jets to Tinkler.


    http://www.dailytelegraph.com.au/sp...s/news-story/7860af8b710a25e3b8e708380fe0d13c

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  12. 88Knight4life

    88Knight4life Ben Kennedy

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    Its a bad read geez some people have poored millions into sporting franchises to go bust.

    It is a very tough gig to run a business in todays world and in our great country where the government zaps as much profit as it can.

    Maybe a over sea buyer is the way to go, any profits wont be touched by AUS government and the owner would be more likely to bring in BIG business sponcers and tpa to sell his sporting team to the world.

    Imo west wont come to the table ever, they know its a losing business running a nrl team and our region just doesnt have the big business money to throw around to help them when times are tough.

    If any business in Newcastle had the ability to take over its Mc Jones.
    They are quickly becoming the biggest builder in Australia.
    They have there traditional single story homes under Mc Jones
    Then they own Mojo homes which is there 2 story costume design homes.
    Then they now have a 40% share in Simmons home for nsw.
    Simmons are Australias biggest builder and have been for a decade.
    Building well over 4000 houses a yr so for mc jones to have a some of that pie they are in a great position to fudge numbers when it comes to a sporting clubs losses.
     
  13. Kenny Powers

    Kenny Powers Banned

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    Tier 1 property developers operating on the eastern seaboard of Australia are some of the wealthiest people in the southern Hemisphere. With Meriton owner Harry Triguboff now the richest person in the country

    In Sydney, property prices double every decade, and so does therefore the equity they hold in property--and likely their net worth

    While property development is one of the riskiest investment ventures that can be taken in the market, developers the size of Mc Jones have so much cash that theyre no longer exposed to the risks of failing markets and changing bank policy etc. The only way tier one developers can fail is if they overextended themselves. And let me tell you, not a single their 1 developer would ever do that, or ever need or want to do it

    Mc Jones is as good a prospect for this club as we're gonna find

    Or at least a company of that ilk
     
  14. R_A

    R_A Todd Bates

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    Thank goodness the DT is paywalled so I don't have to contribute clicks to the garbage that buzz writes these days.
    Talking about making an unnecessary article over a few quotes lmao.

    Would prefer to hear more about the community ownership model proposal updates, and would rather the details in negoations between the nrl/knights and possible owners be kept behind closed doors so other garbage like moving the knights to ispwich becomes more of a nothing story then it is now.
    And not just keep reading the same regurgitated quotes by green berg every time
     
  15. Kurriboy

    Kurriboy Adam Muir

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    So the NRL is against a billionaire owner. How is a less than billionaire owner going to change the above story, they will just go bust faster.

    A company as owners, with a board of directors approving everything, selling us when they decide it's costing too much. I can't see it happening.

    The only owners I can see having any chance, is Wests, or the community model which it seems is struggling to get the required numbers. Maybe a joint venture between the two, but once the community model has their capital, that is going to leave Wests holding the can for the ongoing costs of running it.

    The community model reckon they are going to make us profitable again. Hog wash. If it were that easy they would have done it last time they owned us, before Tinker, and Wests would be able to do it and not be so hesitant to buy in.
     
  16. Hunterstelvis

    Hunterstelvis Banned

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    Small business perhaps. Large Corporations just donate to election campaigns, invite ministers to their corporate boxes to watch Wallabies matches, pay little tax ( relative ) and benefit from government ( tax payer ) subsidies. They just leave it to their elected proxies to hammer the small business owner and middle class to foot the bill.

    I can't see how owning a footy club can ever make money. It's a black hole for coin. Like tearing up 100 dollar bills standing under a cold shower
     
  17. josh2010

    josh2010 Up The Knights!!!!! Staff Member Moderator

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    I doubt Wests buy the knights on their own. But i do feel Wests and the " our Knights" campaign could work together?
     
  18. slotmachine

    slotmachine Danny 'Bedsy' Buderus

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    I don't think so, the our knights clowns are absolutely dreaming.
     
  19. member 2299

    member 2299 Andrew 'Joey' Johns

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    slots the one thing I can't work out ~~~ if they have all the answers, why did they not go that way last time around?
     
  20. Ethan

    Ethan Clint Newton

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    They are trying to save our club and they are clowns ....At least they are trying to do something not sitting behind a keyboard bagging people who are trying to save our club....

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    When the Knights are gone and people ask what you did to help save them you will be able to say ...I watched it happen while talking sxxt about the people having a go ...
     

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