Turbo tied up long term

[AndWeDon'tCare]

Are the clauses tied to the number of games Tom plays each year ?

I would love to answer this but best I don't at this time.

In my opinion, the deal is a good deal for both sides.

 

[sheridanstand78]

This needs be sorted out asap by Mestrov.

The obvious dysfunction that has dogged out club for so many years MUST stop!!

Who dropped the ball over this botched negotiation?

Tommy openely stated two things, one that he was prepared to take a pay cut and the other that he did not want to play for another club in the NRL.

This must be put right and bring to an end all of this nonsense, where out club is drowned in inuendo and negativity from people who do not like our club.

Please get this done and put it all to bed Mr Mestrov, you and the club are urging people to renew memberships, well I promise you that the fans and members like me have had a gutful of the errors coming from our leadership and management, we cannot afford a repeat of 2025 where the whole season came down to one individual who stated after round 3 he was done with our club and every week was a soap opera.

GET IT DONE MESTROV!!

 

[bob dylan]

I’m honestly flabbergasted that some around here are happy to give Tom an open cheque and name his amount. The real reason we have been **** for all these years is because we have had big money tied up to 3 players, being Tom, Jake and DCE.

If we want any future success we have to make the hard calls and only offer so much to players who don’t deliver or are constantly injured. The club and administration are finally making the smart business decisions in re-structuring our cap and some people still have no idea. Then they’ll complain and bag a player that is on 250k for not delivering, but Tom and Jake are immune to the criticism because they are ‘local juniors’.

Ok lets (hypothetical) sack him - remembering you have to spend the entire salary cap and only have 30 players to spend it on.

Who are we getting to take his place and use the entire $750k-$900K.

Some options are

Jareame Bulla
James Tedesco
Will Kennedy
AJ Brimson
Scott Drinkwater.
Isaiah Iongi

Presuming Latreen, Ponga, Walsh, Edwards and Pappy are out of our price range.

 

[madmax]

As an aside…..there is a rumour floating about that the club will be up for sale soon??? &WDC do you know anything?

 

[madmax]

Ok lets (hypothetical) sack him - remembering you have to spend the entire salary cap and only have 30 players to spend it on.

Who are we getting to take his place and use the entire $750k-$900K.

Some options are

Jareame Bulla
James Tedesco
Will Kennedy
AJ Brimson
Scott Drinkwater.
Isaiah Iongi

Presuming Latreen, Ponga, Walsh, Edwards and Pappy are out of our price range.

Maybe upgrade Lehi, Koula & add another reasonable forward?

 

[Ron E. Gibbs]

Are the clauses tied to the number of games Tom plays each year ?

That would make so much sense. Which means it's likely we haven't done that.

 

[XV-1]

Ok lets (hypothetical) sack him - remembering you have to spend the entire salary cap and only have 30 players to spend it on.

Who are we getting to take his place and use the entire $750k-$900K.

Some options are

Jareame Bulla
James Tedesco
Will Kennedy
AJ Brimson
Scott Drinkwater.
Isaiah Iongi

Presuming Latreen, Ponga, Walsh, Edwards and Pappy are out of our price range.

I'll play the hypothetical play game.

We don't need to bring in a fullback. We have two exciting ones just waiting.

Move Koula or Lehi to fullback.
Re-sign Garrick past 2026
Re-sign Talau for 2 years so he can replace Koula if he goes to fullback.
Or groom Lehi for centre - might not be large enough? 🤔

We also have Antonio Large who can play centre or 5/8th in 2027.

 

[mickqld]

and the common denominator with all of that is ,,,,,,,,,,?
Ill give you a hint ,has a peaches and cream complexion, sometimes goes by the name Mr Fluffy ,has a very sore anus from the sliver spoon that has been firmly implanted since birth ,surname begins with P.

And ends in IS.

 

[bob dylan]

All good ideas.

But I just dont see us being stronger without Tom.

Both Lehi and Koula will test the market this time next year. The Roosters will take one of them.

2026 shapes as a massive year for the club.

 

[AndWeDon'tCare]

As an aside…..there is a rumour floating about that the club will be up for sale soon??? &WDC do you know anything?

There have been 2 approaches this year, both of which did not progress very far.

To be be fair to the Penn family (and I'm one of their biggest critics) they considered each one however they didn't warrant any further consideration.

There is no direct "for sale" sign on the "front door" however, it is becoming apparent that if the right value was offered AND commercial terms regarding the settlement of that value were reached, there would be interest.

If I were a betting man, the Penn family would be best to wait until the next T.V rights deal, as the intangible & unrealised gain that would be generated from the revaluation of the "Manly brand" and [the] fact that they hold a valid participation and license agreement, would boost their "bottom line" as the expected increase in T.V revenue, would flow right into a will established and functional business model.

That bottom line and the resulting increase in the EBITDA (accepting that a % of the expected increase in the grant from the NRL is conditional on going to the players) would provide them (Penn family) with an uplift in the earnings multiple and they would seek to capitalise on that position by the increasing the overall sale price by also increasing the value of the intangibles and goodwill of the Club.

I hope this makes sense.

In short, if I were to advise them, I'd wait until the new T.V. deal, grab the extra cash from the NRL, bank it into my own bank account, boost the bottom line then sell the Club.

 

[Brookie1973]

And ends in IS.

I’d guess George Peponis but his complexion is more olive than peaches and cream.

 

[chuckee]

Can you please quote the posts where anyone has said they are 'happy to give Tom an open cheque and to name his amount'.

I've obviously missed some posts.

It was a figure of speech.

 

[Brookie1973]

There have been 2 approaches this year, both of which did not progress very far.

To be be fair to the Penn family (and I'm one of their biggest critics) they considered each one however they didn't warrant any further consideration.

There is no direct "for sale" sign on the "front door" however, it is becoming apparent that if the right value was offered AND commercial terms regarding the settlement of that value were reached, there would be interest.

If I were a betting man, the Penn family would be best to wait until the next T.V rights deal, as the intangible & unrealised gain that would be generated from the revaluation of the "Manly brand" and [the] fact that they hold a valid participation and license agreement, would boost their "bottom line" as the expected increase in T.V revenue, would flow right into a will established and functional business model.

That bottom line and the resulting increase in the EBITDA (accepting that a % of the expected increase in the grant from the NRL is conditional on going to the players) would provide them (Penn family) with an uplift in the earnings multiple and they would seek to capitalise on that position by the increasing the overall sale price by also increasing the value of the intangibles and goodwill of the Club.

I hope this makes sense.

In short, if I were to advise them, I'd wait until the new T.V. deal, grab the extra cash from the NRL, bank it into my own bank account, boost the bottom line then sell the Club.

You sound a bit like my accountant. He’s always saying things like your Net Tangible Assets are worryingly intangible, and your EBITDA is in the TOILET. Still, he did advise me to leave a goodwill, so I’ve left the bulk of my estate to the canteen under the Lyons Menzies stand so they can invest in a new pie warmer. Hopefully that will escape the attention of the salary cap auditor.

 

[AndWeDon'tCare]

You sound a bit like my accountant. He’s always saying things like your Net Tangible Assets are worryingly intangible, and your EBITDA is in the TOILET. Still, he did advise me to leave a goodwill, so I’ve left the bulk of my estate to the canteen under the Lyons Menzies stand so they can invest in a new pie warmer. Hopefully that will escape the attention of the salary cap auditor.

😂😂 Very funny.

 

[Eagles4Life]

There have been 2 approaches this year, both of which did not progress very far.

To be be fair to the Penn family (and I'm one of their biggest critics) they considered each one however they didn't warrant any further consideration.

There is no direct "for sale" sign on the "front door" however, it is becoming apparent that if the right value was offered AND commercial terms regarding the settlement of that value were reached, there would be interest.

If I were a betting man, the Penn family would be best to wait until the next T.V rights deal, as the intangible & unrealised gain that would be generated from the revaluation of the "Manly brand" and [the] fact that they hold a valid participation and license agreement, would boost their "bottom line" as the expected increase in T.V revenue, would flow right into a will established and functional business model.

That bottom line and the resulting increase in the EBITDA (accepting that a % of the expected increase in the grant from the NRL is conditional on going to the players) would provide them (Penn family) with an uplift in the earnings multiple and they would seek to capitalise on that position by the increasing the overall sale price by also increasing the value of the intangibles and goodwill of the Club.

I hope this makes sense.

In short, if I were to advise them, I'd wait until the new T.V. deal, grab the extra cash from the NRL, bank it into my own bank account, boost the bottom line then sell the Club.

Perhaps the Penns should focus on rebuilding the club and reinvigorating the Manly brand now, rather than appearing to run the club and the brand into the ground.

Surely, a revaluation of the "Manly brand" in the future would require the club to achieve some consistent success in its operations, and more importantly, results on the field. Something the club has not experienced in the Penn era, and is unlikely to experience under their ownership.

 

[Shoe1]

Shoe back.

Problem is the leaking. I’m quite happy for there to be robust negotiations behind closed doors.

Every $50k saved = a better overall roster.

They will find the sweet spot. Stop fussing.

Shoe out.

 

[AndWeDon'tCare]

Perhaps the Penns should focus on rebuilding the club and reinvigorating the Manly brand now, rather than appearing to run the club and the brand into the ground.

Surely, a revaluation of the "Manly brand" in the future would require the club to achieve some consistent success in its operations, and more importantly, results on the field. Something the club has not experienced in the Penn era, and is unlikely to experience under their ownership.

I can not fault anything that you say and, in a traditional sense, that's the logical way to increase [the] value of a club.

There is however, at present, in world sport, an insatiable appetite for sporting clubs as private equity see sporting clubs as a way of capitalising on the explosion in television revenues and access to income from streaming services, merchandising (the last two are very much a strong suite of interest for overseas sporting clubs) and gambling.

Improved results can only help increase that "value" however, some private equity people will also hedge that if they are buying a struggling club, under their stewardship, they can achieve better results than the former owners.

Gamble Responsibly 😉

 

[Disco]

It was a figure of speech.

Mayo for mayos sake

 

[double hoops]

Thread could probably use a name change. Penn and his monopoly board has a nice ring to it.

 

[mickqld]

All good ideas.

But I just dont see us being stronger without Tom.

Both Lehi and Koula will test the market this time next year. The Roosters will take one of them.

2026 shapes as a massive year for the club.

Exactly , we cannot afford to lose either of those 2 to keep a questionable lame duck Turbo. We've already lost too many halfbacks because of DCE.