1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Club For Sale

Discussion in 'Rugby League Forum' started by bones, Aug 27, 2015.

  1. bones

    bones Bones Knows

    8,370
    5,100
    Ratings:
    +9,036 /102
    In today's Big League magazine:


    Club For Sale.... The Penn family haven't been slow in making changes at the Sea Eagles since they gained control of the club at the end of last year, but now Big League understands they'll be willing to sell up if the right money comes along from a consortium. Former owner Max Delmege is one investor who wants back in, but he told this magazine in March that he'd never deal directly with Penn. He did however believe he had enough contacts to raise the funds and strike up a deal.
     
    • Winner Winner x 3
    • Informative Informative x 2
    • The Who

      The Who Well-Known Member

      7,629
      2,330
      Mona Vale
      Ratings:
      +5,606 /117
      Quick. Grab a Penn. Where do we sign?
       
      • Agree Agree x 3
      • Funny Funny x 2
      • Clever Clever x 1
      • HoldenV8

        HoldenV8 Well-Known Member

        7,293
        2,065
        Adelaide
        Ratings:
        +8,112 /144
      • cherry_poppins

        cherry_poppins Well-Known Member

        Ratings:
        +1,082 /141
        Can't be worse than the liars
         
        • Clever Clever x 1
        • Loobs

          Loobs I am not really Scott Penn Premium Member

          6,415
          2,100
          Ratings:
          +7,624 /281
          We're on the verge of a another property collapse which wiped Max out last time around so I'd rather he not be involved if the club was to be sold.
           
        • MANLY4LIFE

          MANLY4LIFE Well-Known Member

          702
          184
          Ratings:
          +546 /8
          $100 bucks each lets do it !
           
          • Like Like x 1
          • Winner Winner x 1
          • tookey

            tookey Well-Known Member 2017 Tipping Competitor

            6,133
            1,620
            Ratings:
            +4,977 /158
            Just proves that it is all about the money with the Penns.

            The problem is that the current value of the club is negligible since they took over.
             
            • Agree Agree x 3
            • Fluffy

              Fluffy Well-Known Member

              18,618
              1,567
              Ratings:
              +4,700 /166
              Someone call Jack Hughman
               
              • Agree Agree x 1
              • Winner Winner x 1
              • Utility Player

                Utility Player Well-Known Member

                Lismore
                Ratings:
                +512 /5
                I think David Williams is relative.
                 
                • Funny Funny x 4
                • Chip and Chase

                  Chip and Chase True Supporter Staff Member Administrator Premium Member 2017 Tipping Competitor

                  13,214
                  3,277
                  Ratings:
                  +6,913 /52
                  Any business owner would be willing to sell up "if the right money comes along", if they don't then they are a moron.

                  Question is though, what is the right money ?? and who has that laying around to invest in a not for profit venture like an NRL team. It's a pity Hugh isn't an ego maniac like Rusty, he'd be our best bet.
                   
                  • Agree Agree x 4
                  • Like Like x 1
                  • Informative Informative x 1
                  • Loobs

                    Loobs I am not really Scott Penn Premium Member

                    6,415
                    2,100
                    Ratings:
                    +7,624 /281
                    Depends - how much they tipped in to being with, how much they pulled out of the leaguesy sale, what they are willing to write off against that... If they made out big time from the sale of the club then it could be less than that rumoured 6M they paid to buy out Quantum. But obviously you'd need to buy out their share then have enough free capital to pay our way until the NRL grants come in...
                     
                  • robbiea

                    robbiea Well-Known Member 2017 Tipping Competitor

                    Ratings:
                    +2,048 /70
                    No ,your not Penn !
                     
                    • Like Like x 1
                    • Funny Funny x 1
                    • tookey

                      tookey Well-Known Member 2017 Tipping Competitor

                      6,133
                      1,620
                      Ratings:
                      +4,977 /158
                      Harry from Kaspersky?
                       
                      • Like Like x 1
                      • Agree Agree x 1
                      • manlywarringah

                        manlywarringah Well-Known Member Premium Member 2017 Tipping Competitor

                        857
                        317
                        Ratings:
                        +1,025 /31
                        Please let this happen.

                        Maybe Max can join with URM & another couple of backers & buy together.

                        I remember URM wanted to buy in a couple of years ago & the penns knocked them back. It must've been around the time they ripped us all off with the sale of the Leagues Club land. Now they've made their millions, they will sell.

                        Their time here will go down as the worst in our history (outside the merger of course).

                        Any millionaires out there willing to chip in?

                        One thing i would like to know, if there was a spike in Football Club Memberships to a level the Football Club had a million in the bank, or if they were donated money, are they able to still buy shares back off the penns like they were doing when Delmege owned the club?

                        Our shares buy back has gone quiet the last couple of years.
                         
                      • Budgewoi Eagle

                        Budgewoi Eagle In for the long haul. Premium Member 2017 Tipping Competitor 2016 Tipping Competitor

                        2,889
                        1,610
                        Ratings:
                        +4,776 /62
                        What has Zorba done to make them throw his toy out of the Penn?
                         
                        • Funny Funny x 2
                        • Loobs

                          Loobs I am not really Scott Penn Premium Member

                          6,415
                          2,100
                          Ratings:
                          +7,624 /281
                          Nyet
                           
                        • Loobs

                          Loobs I am not really Scott Penn Premium Member

                          6,415
                          2,100
                          Ratings:
                          +7,624 /281
                          Just think - new owner - no more Zorba
                           
                          • Winner Winner x 6
                          • Like Like x 2
                          • Agree Agree x 2
                          • eagleron

                            eagleron Well-Known Member

                            608
                            269
                            Ratings:
                            +1,086 /10
                            I'm in
                             
                            • Like Like x 2
                            • Agree Agree x 1
                            • eagleron

                              eagleron Well-Known Member

                              608
                              269
                              Ratings:
                              +1,086 /10
                              Good call
                               
                            • eagleron

                              eagleron Well-Known Member

                              608
                              269
                              Ratings:
                              +1,086 /10
                              Why doesn't Sarah Murdoch have a chat in Lachie's ear, I'm sure he's got the bucks !!
                               
                              • Agree Agree x 3
                              • Like Like x 2
                              • Funny Funny x 1

                              Share This Page