The Owners speak

[Frogz]

Kent had no farking idea, it was more around 22 million.
Anyway so what, if the LC were stupid enough to sell that's their problem, but because they made such a profit, people feel it's ok for the Penns to lose 1.5+ million a year, the LC sale was a one off event, who will cover the losses in ten years time when they could be 3-4 million a year?

Is that you Zorba

 

[manlyfan76]

Is that you Zorba

He would know, I'm sure he was on the LC board that sold to his in-laws

 

[40 years an eagle]

Kent had no farking idea, it was more around 22 million.
Anyway so what, if the LC were stupid enough to sell that's their problem, but because they made such a profit, people feel it's ok for the Penns to lose 1.5+ million a year, the LC sale was a one off event, who will cover the losses in ten years time when they could be 3-4 million a year?

Every RL club runs at a loss but are bankrolled by their respective LG, except ours. We run at a loss. Penn knew that all along so is expected to make up the yearly shortfall, and rightly so. Max Delmege did.
The LG is/was a an asset of the MWSE, an icon of our team and should belong to it's members and memories.

Penn had no right IMHO to sell it to recoup all of the money he has spent, plus some.

You own this club for love and passion, not as a business.

 

[Earnie the Eagle]

I think the wharf the chinese would be interested in would be the one at Bangaroo .... they quite like casinos

..and places where they can park their Aircraft Carriers.

 

[manlyfan76]

Why does everyone hate on china so much?

 

[Earnie the Eagle]

the chinese are having problems taking money out of their country. Look at whats happened to the chinese football owners of late. AC Milan Aston Villa etc.

Middle East group is who the Penns should have sold to.

Why does everyone hate on china so much

Love China, they are only doing what the Yanks have done for years. Their technology company who sponsor the Raiders are looking to get more involved in the NRL, hence wanting to buy a team as the Aus Govt will not let them in to work on our communication networks, so they need another way in, done it before with the Raiders sponsorship.

 

[Earnie the Eagle]

I think the wharf the chinese would be interested in would be the one at Bangaroo .... they quite like casinos

True, you can park Aircraft Carriers there, bit hard to do that at Manly Wharf.

 

[manlyfan76]

Look at were the US was and where China was at the start of gulf war one. China has grown exponentially and the US is much deeper in debt and more divided.

 

[OneEyedEagle]

Why does everyone hate on china so much?

Rabbits!!!!

To many rabbits in China

But if you ask me, I don't know how as they would all be chow mein by now

 

[double hoops]

Penn should have to buy us a new leagues club.

 

[HappilyManly]

Penn should have to buy us a new leagues club.

The new DA for redevelopment of the Family Hill will have a facility for the LC.

Manly have about 250 poker machines to hook up somewhere

 

[The Who]

Manly have about 250 poker machines to hook up somewhere

Yeah. The Blacktown Workers Club.

 

[Mrs D]

They were a great assett

Yep. We were at the forefront of women in league in the most genuine way. Now we hold a lunch for mothers, wives, and girlfriends.
So sad, they were such strong and vibrant women who genuinely loved the club and worked to both raise money and profile for the club.