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

Club is Broke?

Discussion in 'Rugby League Forum' started by Lil_wayne, Jun 18, 2015.

  1. Lil_wayne

    Lil_wayne Member

    134
    13
    Ratings:
    +91 /42
    Manly is the latest club to be given an advance on their monthly NRL grant. Last month we revealed the Sea Eagles were bracing themselves for a $1.5 million loss this season, and now it appears there are cash flow issues to contend with. The NRL recently agreed to forward Manly around $600,000 – a gesture that’s been made several times in the past to clubs that are struggling for liquidity.

    Manly's cash flow woes come down to the team’s unexpectedly poor performance this year, which have left sponsorship and membership projections in tatters. There’s also been a huge turn-over of front office staff since the change of ownership late last year, with around a dozen employees replaced. Some have been marched ahead of their time, resulting in payouts that have inflicted further damage on the budget. And just this week two more staff – recruitment duo Dave Worwick and Simon Healey – were told their services aren’t required next year.

    There’s now speculation over the future of CEO Joe Kelly, who arrived last November with an impressive reputation from previous roles in finance with Chelsea FC and South Sydney. Sea Eagles insiders say Kelly has been taken aback by the magnitude of the task at Brookvale, which is riddled with politics and power plays. We’ve been told he’s applied to have next week off – a curious move at such a crucial stage of the season, with the club running last and chairman Scott Penn out of town.We put several questions to Kelly this week, including whether or not the leave was stress-related. He did not respond. One thing we can assure Manly fans is this: reports Grant Mayer is set to be appointed Kelly’s replacement are wide of the mark.
    https://au.sports.yahoo.com/league/...with-josh-massoud-and-jim-wilson/?cmp=twitter


    Good think Warwick has been sacked clearing out the dead wood only hope Penn has the money to see it through. If I was Barrett I would say thanks but no thanks if you are having to borrow money from the nrl how secure are you? I hope DCE has a rock solid contract. lol at Joe on stress leave bit tougher than Chelsea Joe.
     
    • Troll Troll x 2
    • double hoops

      double hoops Well-Known Member 2017 Tipping Competitor

      Ratings:
      +3,099 /139
      So other clubs get an advance n that's ok but if we get one, amidst a new boss is in a sacking phase we are broke? I wouldn't expect the club to run at a profit this year like most nrl clubs every year, but I'll wait until the dust settles before I believe the sky is falling in thanks.
       
    • NewwyEagle

      NewwyEagle I sleep in a racing car

      869
      354
      Ratings:
      +1,371 /64
      Well, the Penn's are certainly going in balls first with this clean out. I've got no concern over them asking for money.
       
      • Agree Agree x 1
      • robbiea

        robbiea Well-Known Member 2017 Tipping Competitor

        Ratings:
        +2,027 /70
        Only thing they are breaking is hearts..

        Cue /- violin's.....
         
      • HappilyManly

        HappilyManly MWTS Premium Member 2017 Tipping Competitor

        15,792
        6,257
        Freshwater
        Ratings:
        +13,391 /292
        Why use your own money when the NRL coffers are full ? Another media beat up on Manly @:cool:

        Has David Warwick been replaced by Bozo or one of his dumb kids ? :cool:
         
        • Agree Agree x 4
        • Like Like x 1
        • Funny Funny x 1
        • Dummy Spit Dummy Spit x 1
        • Loobs

          Loobs I am not really Scott Penn Premium Member

          6,398
          2,096
          Ratings:
          +7,596 /280
          I'd hope Joe isn't quitting because he's kicked a few goals this year. Maybe he should tell Tooves how important goal kicking is...

          BTW - what does a club going broke even mean these days? According to the Titans it means you now have access to more money than anyone else so it wouldn't be the worst thing... We are probably down a significant portion from gate receipts this year because of crap performance and crap weather. But crowd numbers are down across the board so we're just like anyone else there. More Massoud hate...
           
        • eagle66

          eagle66 Well-Known Member 2017 Tipping Competitor

          458
          177
          Ratings:
          +403 /11
          Interesting discussions to come out of this article.
          Kelly or Mayer? this will keep the rumours going
          Poor crowds, whose fault, weather,ground, nrl scheduling, teams performances
          Club going broke, apart from just a few clubs, who isn't. The list would be alarming when you consider grants to clubs from their own Leagues Club. Canterbury Football usually get $4m a year from Canterbury Leagues. That's a big head start over Manly, Souths, GC and at most times Cronulla.
          Warwick gone really thought he was doing a good job. I wonder if this means Cleal is on his way back. Not everyone is happy with the Hasler team at the Dogs, and I guess it may be from both sides of the fence. Dog fans are always questioning what Cleal is doing there.
          and we still got the Toovey v Barrett saga.
          Plenty more Manly stories in the media coming up, hope we win a few games.
           
          • Like Like x 1
          • Darren

            Darren Well-Known Member

            Ratings:
            +522 /20
            Get to major ground and guaranteed payments is our first step. Brookvale is a graveyard for losing money as we are now seeing.
             
            • Agree Agree x 1
            • Lil_wayne

              Lil_wayne Member

              134
              13
              Ratings:
              +91 /42
              So you now want to compare us to the **** clubs? I like to think we are a better club and more professionally run yet 1 bad year and we have our hand out. It may fill you with confidence but not me. To many bad season and the hand out will have strings attached like how about you move to the central coast.
               
              • Troll Troll x 3
              • Informative Informative x 1
              • Lil_wayne

                Lil_wayne Member

                134
                13
                Ratings:
                +91 /42
                I would hope he is being replaced by someone who can spot talent. Wow calling someones kids dumb classy as always.
                 
                • Troll Troll x 1
                • bones

                  bones Bones Knows

                  8,370
                  5,100
                  Ratings:
                  +9,036 /102
                  Massoud is to Max Delmege what Dean Ritchie is to Zorba. A mouthpiece to push their agenda.
                   
                  • Agree Agree x 3
                  • Peter C

                    Peter C Well-Known Member Premium Member 2017 Tipping Competitor

                    Sydney
                    Ratings:
                    +852 /19
                    I think the only grounds that are guaranteeing payments are ANZ Stadium and Central Coast, I don't think Allianz [ would be our preferred, if we had to leave Brookie] guarantee anything.
                     
                  • Loobs

                    Loobs I am not really Scott Penn Premium Member

                    6,398
                    2,096
                    Ratings:
                    +7,596 /280
                    I would like to start my own rumour which is that Tooves, clearly needs to be replaced by a more technically minded coach will be replaced by Technical Coach...
                     
                    • Dislike Dislike x 1
                    • Yart-tastic Yart-tastic x 1
                    • Loobs

                      Loobs I am not really Scott Penn Premium Member

                      6,398
                      2,096
                      Ratings:
                      +7,596 /280
                      Also what happened to our leagues club sale/Chinese windfall?
                       
                      • Like Like x 1
                      • Agree Agree x 1
                      • Mals

                        Mals Well-Known Member Premium Member 2017 Tipping Competitor

                        Pennant Hills
                        Ratings:
                        +1,565 /38
                        Yep the SCG trust doesn't need to with the Chooks, Sydney FC and Waratahs as their tenants. Plus the odd game taken there by the Dragons & Tigers.
                         
                      • tookey

                        tookey Well-Known Member 2017 Tipping Competitor

                        6,133
                        1,620
                        Ratings:
                        +4,975 /158
                        Warwick, Toovey and Kelly are going because Cherry Evans contract states that he is to be captain/coach, CEO and recruitment officer.
                         
                        • Funny Funny x 2
                        • Like Like x 1
                        • tookey

                          tookey Well-Known Member 2017 Tipping Competitor

                          6,133
                          1,620
                          Ratings:
                          +4,975 /158
                          I am sure glad the Penns took control of the club and have managed to settle everything down
                           
                          • Funny Funny x 2
                          • Like Like x 1
                          • Informative Informative x 1
                          • HappilyManly

                            HappilyManly MWTS Premium Member 2017 Tipping Competitor

                            15,792
                            6,257
                            Freshwater
                            Ratings:
                            +13,391 /292
                            That profit went to another Penn entity.
                            The Manly Sea Eagles Franchise did not benefit from the sale of our District Club, Leagues Club real estate assets@:cool:
                             
                            • Informative Informative x 3
                            • Andrew..

                              Andrew.. Well-Known Member 2017 Tipping Competitor

                              Alstonville
                              Ratings:
                              +2,322 /30
                              As much as I still hold reservations about the Penn ownership I find it hard to believe they would just waltz in and take over the club without a game plan. As others have said, I wouldn't be surprised if this wasn't just more media speculation designed for a cheap story and another opportunity to destabilise the club.
                               
                            • double hoops

                              double hoops Well-Known Member 2017 Tipping Competitor

                              Ratings:
                              +3,099 /139
                              Really disappointed to hear that Dave Warwick has been moved on. IMO a great talent scout. I don't credit Cleal with much other identifying Jamie Lyon when he worked for the eels. The rest of the time I would suggest he rode Warwicks coat tail.

                              A new owner means new associations and new ideas. I guess all things evolve and change. But we have lost one of the best in Warwick. Bozo is close to rep teams, and like Bennett an injection of cash seems to follow his every move, when he does inject himself back into this club.

                              It is a bit different chasing a rep player with an open cheque book. Dave Warwicks genius at Manly was knowing he had no cash to play with and identifying players like Brenton Lawrence taken from being a Nevil in QCUP to a representative level player in the NRL level.

                              Sorry to hear Dave.
                               
                              • Agree Agree x 2
                              • Like Like x 1
                                Last edited: Jun 19, 2015

                              Share This Page