Cashed up Titans hunting NRL best young Talent

[sheridanstand78]

It bloody stinks! double standards how the Tits can basically offer guaranteed wages and the irony is that the other clubs are funding their survival, bloody kick in the teeth to the clubs that are really struggling out there.

 

[simon64]

The salary cap in the NRL is designed to make some clubs more equal than others.

That they can be so deep in debt for so long and then have the NRL just allow them to rape and pillage with the NRL money as well as questionable deals is just ridiculous.

They have set a precedent that any NRL club can just spend themselves into the ground and the NRL will bail them out, be interesting if the same situation happens to us

Ummmm........No. Nein. Nee.

 

[tookey]

Hopefully they will sneak under our guard and sign Horo and Hasson

 

[Jethro]

Hi Simon,

Where is that article from. What news source please ?

I've added both the author names and the link to the article posted by Simon

 

[Simonmyers11]

I've added both the author names and the link to the article posted by Simon

Cheers.
Will add that info in future posts.

 

[ManlyMit]

They had Euan Aitken in their wish list but he just resigned with the dragons.

 

[Shoe1]

Apart from taking on the recruitment role, dce is also doing a course to become a qualified drug counsellor and will take on a mentoring role for his wayward future team mates.

 

[globaleagle]

Apart from taking on the recruitment role, dce is also doing a course to become a qualified drug counsellor and will take on a mentoring role for his wayward future team mates.

And tour guide, as he certainly did some miles recently.

 

[globaleagle]

Must be nice to have your finances turn around so quickly!

THE NRL was forced to tip in $3.6 million in three months to save the Titans from collapse, a new report reveals.

The Gold Coast club was put into voluntary administration last month, allowing the NRL to take over ownership and secure their future.

A report by administrators Rodgers Reidy, released to creditors this week, outlined a number of alarming finance issues, including:

● The club posted a $4.9m loss for the 12 months to the end of the 2014 season.

● The NRL issued $2.35m in “emergency funding” between September and December last year and paid two monthly club grants in advance totalling $1.28 million in the same period.

● The club had $246,403 cash in bank accounts, of which only $68,092 was recovered by administrators due to eight finance leases for motor vehicles.

● Their greatest asset was “goodwill”, valued at $10.6 million.

● They owed the Australian Taxation Office $273,671.


http://www.couriermail.com.au/sport...s-report-reveals/story-fniabjcr-1227281832080

 

[manlyfan76]

Goodwill? Is that code for cocaine?