[Resurrected] Penn selling the club??

[mave]

I can't guess.
I know you can't make money from owning a football club.
So they all say.
So why would anyone?
It was explained to me on here once before but I can't remember by who.
And the reasons were things my brain would never consider so I'd like to hear it again.
Other than passion and love for the club, it doesn't seem good business.

Tax write off .

 

[Scorpio]

Same, however one thing Des has always been good at is keeping off field issues from affecting the teams performance.

This was also the same sort of off-field nonsense that hastened Des' exit from the club in the first place.

 

[MANLY4LIFE]

I’d be worried.Anyone that buys the club will have to be cleared by the NRL and they’ll be looking for an owner that will be willing to relocate

Kimbriki ??

 

[Dan]

I wonder what rights under an NRL license, each club has to negotiate their own games and content .i.e. Sea Eagles tv where they stream all their games.

I can't see the NRL being far sighted enough to make rules around that's likewise I can't see many clubs that forward thinking to have someone look at and test the rules of their license

Honestly if the climate now was in place ore superleague you could really see super league winning with a better option. Of the now craziness.

 

[SeaEagleRock8]

Wasn't there a news piece just a few days ago about Penn wanting to set up a US team? Didn't sound like he wanted to stop being an owner.

 

[silver]

Silvertails buyout apparently..

I’m in...

 

[chuckee]

I just pray that if it is for sale it ends in the right hands, someone who loves Manly as much as us and has the club in its best interests.

 

[Ralphie]

I just pray that if it is for sale it ends in the right hands, someone who loves Manly as much as us and has the club in its best interests.

And suddenly all of the Penn haters may find that they are contemplating the statement of careful what you wish for.

That said, I think the story is BS.

 

[cava2323]

I’m gonna win that 560 mil lotto thing from lottoland, rebuild lottoland aka brooky and purchase the club with the change. Tooves can run it. Too easy!

 

[HappilyManly]

And suddenly all of the Penn haters may find that they are contemplating the statement of careful what you wish for.

That said, I think the story is BS.

This news could just be about bringing on new partners to help develop the COE

 

[Spartan Eagle]

This news could just be about bringing on new partners to help develop the COE

This sounds the most plausible explanation. Don't think the Penns would sell off all their interests in the club now that funding from government has been cemented for brookie upgrade, COE and talks of expansions in NY. Also Dessie is going to build us another empire..

 

[SeaEagle21]

This sounds the most plausible explanation. Don't think the Penns would sell off all their interests in the club now that funding from government has been cemented for brookie upgrade, COE and talks of expansions in NY. Also Dessie is going to build us another empire..

For those same reasons the sale price would be much higher. I hope they stick with us though

 

[Budgie]

I’m gonna win that 560 mil lotto thing from lottoland, rebuild lottoland aka brooky and purchase the club with the change. Tooves can run it. Too easy!

You do know we'd all turn on you though? Stay in the tent

 

[Spartan Eagle]

For those same reasons the sale price would be much higher. I hope they stick with us though

Agree. But even more so if they stick with us and see thr project through.

 

[Woodsie]

The club has only begun to look like the real Manly since this pelican has pissed off to the states and been told to shut up ...... (IMO) ..

 

[chuckee]

And suddenly all of the Penn haters may find that they are contemplating the statement of careful what you wish for.

That said, I think the story is BS.

Agree mate. I’ve always stood by Penn and been a fan of their work. They keep alive the club that we all love with THEIR money

 

[eaglebuzz]

Now that Des is back my hatred of Penn's incompetent leadership has subsided. Had this news emerged 2 years ago I would have been praying with all my might for it to come true.

 

[DUFFMAN]

Probably crap.
A journalist probably asked him if he was selling.
He has been asked plenty of times and probably said yeah if someone dangles $50 million in front of me, Weildler has taken that and run with it.

There have been reports of offers of $20 million before which he has knocked back as he has said the club is not for sale.

Plenty of people have said something is not for sale but if someone offers stupid money then all of a sudden its for sale, everything is for sale at the right price.

 

[manlyfan76]

Everything is for sale.

 

[Tragic Eagle]

I’ll believe it when and if it happens.