The Newcastle Knights set to announce a profit for the first time since 2006

Discussion in 'Newcastle Knights Discussion' started by rhugh89, Nov 29, 2018.

  1. R_A

    R_A Adam Woolnough

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    You could tell this was coming based off the way Gardner has handled certain things that have come out to the public. Like when he had a dispute with Lowrie (I think it was) over his salary to coach reserves (cant remember which team exactly) where Lowrie wanted more money but because of Gardner's own performance targets he knew the budgets he had to work in so he was more then fine with politely declining the raise request. I'm sure results would have been rewarded but this was not the case unfortunately for Todd.
    Little things that all add up over time...
     
  2. Tubby

    Tubby Craig Gower

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    Not to mention that each club is getting an extra $3 million funding. This would've been a $2 million loss 3 years ago
     
  3. Billy

    Billy Danny 'Bedsy' Buderus

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    If people are looking for reasons to talk up gardner's business acumen, and they clearly are, the fact that Wests resisted taking over the Knights for years, and suddenly, when the numbers finally added up, they let their arm be twisted into picking up the asset for a song, was no co-incidence, they played it very well.
     
  4. 88Knight4life

    88Knight4life Danny 'Bedsy' Buderus

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    Either way, Wests a major financially sound company are the owners and the clubs books are in the green.
    Why bother with the " its this thats done it or its that making it look good " its all irrelevant to the clubs future.
     
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  5. Ethan

    Ethan Steve Simpson

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    Today we are not being talked about as a club that needs to relocate and that's because wests came in and took over ..That's all I care about thanks Wests .
     
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  6. Kurriboy

    Kurriboy Adam Woolnough

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    And well done to them, very well played indeed and shows the sort of business sense that should keep us financial for the long term.
     
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  7. member 2299

    member 2299 Danny 'Bedsy' Buderus

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    Billy Billy. They are a business and a successful one at that. It is only natural they would take up the reins at the most favourable outcome for them, and thank God they did!
     
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  8. Billy

    Billy Danny 'Bedsy' Buderus

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    And the sort of business sense to cut us loose in a second if they can't see a way to make money.
     
  9. member 2299

    member 2299 Danny 'Bedsy' Buderus

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    Billy you are becoming an old cynic sadly.
     
    Last edited: Mar 27, 2019
  10. R_A

    R_A Adam Woolnough

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    Our CEO is on an open ended contract with KPIs as well like Brown is so he has no reason not to try and perform his role for us to the best of his ability.
     
  11. Joel

    Joel Touche...

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    That’s subjective Billy, they haven’t owned us before so it really is a guessing game. I’m thinking we’ll be sticking around the top 8 tier of teams for yonks with foundation we’re built over the past few years. Onward and upward.
     
  12. Billy

    Billy Danny 'Bedsy' Buderus

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    They aren't in it for their health.

    Had to laugh the other day when Gardner was announcing the free bus service, and he said, tongue in cheek, that it was just a co-incidence that they all picked up near Wests owned clubs (where you could park your car, go to the game, and when you come back maybe have a meal and play the pokies).
     
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  13. 88Knight4life

    88Knight4life Danny 'Bedsy' Buderus

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    Is there a issue with that?

    Should they offer a free door to door service?
    Ive been to many SOO games and GFs plus major Concerts in Sydney where free shuttles buses are on offer.
    I've been picked up from Manly leagues twice and another time from forrest way shops.

    Do you want wests to lose money and sell us? Maybe have no club at all and then our best juniors in the area can hit the highs of real nrl instead....
     
  14. Billy

    Billy Danny 'Bedsy' Buderus

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    All this viewing the world through white hat/black hat concepts is not helpful - it dumbs down the argument to levels I won't go.
     
  15. slotmachine

    slotmachine Danny 'Bedsy' Buderus

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    Come on 88 this is marathon stadium! Where missing tackles is a good thing and having a financially competent owner is a bad thing.
     
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  16. Kurriboy

    Kurriboy Adam Woolnough

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    The NRL team may at some point lose money, I am sure Wests have done due diligence before buying the Knights, and worked out what the expected follow on income would be from owning, and the bus route idea, is another way of capitalising. The more ways they can capitalise on owning us, extra patronage etc, will help offset any loss the Knights may see in future.

    To decide to cut us, they would have to factor all this loss in also. No reason a Knights that are not profitable can not still be profitable to Wests.
     
  17. knightime

    knightime Adrian Bubb

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    Wests would not have become the sizeable business it is without sound business acumen. I fully expect that they might cut the Knights in future if it isn't making money for them. Why would anyone run a business otherwise? However, Wests clearly know how to turn a profit so I'm confident that the Knights are in very good hands.
     
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  18. 88Knight4life

    88Knight4life Danny 'Bedsy' Buderus

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    Dumbs down the argument?

    What agendas are behind your posts?

    From where i sit, you aint enjoying the knights and Wests venture.
     
  19. R_A

    R_A Adam Woolnough

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    Yeah it seems like it may be better if the Knights were losing millions like they used to and getting mediorce results with players like Luke Quigley and Regan Tanner "trying hard every week" in our team. But that's ok because they went through all the Newcastle junior ranks and are locals. Our Town, Our team!

    Fans will turn up to games and buy merch to watch them come 12th
     
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  20. 88Knight4life

    88Knight4life Danny 'Bedsy' Buderus

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    12th? 12th? like 12th? We would be top 3 for members at 12th lol
     
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