Parra = epic fail

[midfielder]

Off topic but if a RL club did relocate here ... what do people think the CCLC will do as they where going to be a heavy sponsor of Bears and did put in considerable coin in for the Northern Eagles..

 

[kevrenor]

Off topic but if a RL club did relocate here ... what do people think the CCLC will do as they where going to be a heavy sponsor of Bears and did put in considerable coin in for the Northern Eagles..

Not a lot ... like all licenced clubs they are 'broke', esp. due to govt taxes and smoking renovations

 

[FFC Mariner]

If a business with numbers like that approached another lender on the grounds that they were almost broke and needed the $$ to stave of administration, they would be laughed at in todays climate.

 

[offtheball]

$8 million is the deal still on the table from the NRL


With the Bears making lots of noise a team like Parramtta might see it as a good investment and jump in.

 

[Jesus]

I may be wrong but this is all about the licenced club? Has nothing to do with the parramatta eels.

The eels get money from the club every year, i remember hearing this year they got less than previously.

But they are seperate entities. Parra leagues going under does not suggest the eels will relocate.
Simply that they will get no more investment from the league club

 

[FFC Mariner]

Do they give the $$ as a grant to the RL side?

You would hate to think that some of those "assets" are in fact loans to a sports team.

 

[clarence]

If the Leagues club folds, the Football (NRL) club could be fast behind it, I reckon.

It used to be that the revenue & profit generated from the Leagues Club flowed back into the Football (RL) club and junior associations in their district, but I would doubt that the (RL) Football club has seen much money from the Leagues Club of late & I think a lot of RL district assocaitions have been left to fend for themselves or get some assistance from the NRL direct.

Maybe Frank Lowy could be bloody ruthless and wave the carrot of WS team to be based out of Parramatta Stadium, if the Leagues club defects to Football, stops backing the Eels and accepts money from the Lowy Family Trust to get the balance sheet looking better.

Those premises and the nearby stadium would be first rate for a new WS franchise to walk into in a year or so! In the meantime, restructure the Leagues club even put it into administration to start afresh when the WS A-League team starts up and ensure that debt doesn't get crazy again.

 

[offtheball]

I may be wrong but this is all about the licenced club? Has nothing to do with the parramatta eels.

The eels get money from the club every year, i remember hearing this year they got less than previously.

But they are seperate entities. Parra leagues going under does not suggest the eels will relocate.
Simply that they will get no more investment from the league club

Parramatta Leagues runs the NRL Club.  Late last year there was an election for the board of the football club that the ex players Price and Kenny etc won. This gave them bugger all and they have had to bide their time to take charge of the board of the Leagues Club and the NRL Team.

 

[Jesus]

If the Leagues club folds, the Football (NRL) club could be fast behind it, I reckon.

It used to be that the revenue & profit generated from the Leagues Club flowed back into the Football (RL) club and junior associations in their district, but I would doubt that the (RL) Football club has seen much money from the Leagues Club of late & I think a lot of RL district assocaitions have been left to fend for themselves or get some assistance from the NRL direct.

Maybe Frank Lowy could be bloody ruthless and wave the carrot of WS team to be based out of Parramatta Stadium, if the Leagues club defects to Football, stops backing the Eels and accepts money from the Lowy Family Trust to get the balance sheet looking better.

Those premises and the nearby stadium would be first rate for a new WS franchise to walk into in a year or so! In the meantime, restructure the Leagues club even put it into administration to start afresh when the WS A-League team starts up and ensure that debt doesn't get crazy again.

The nrl club gets most of the salary cap, bar about 500k-1mil from the nrl itself. I remember reading that parra leagues was giving 1mil less to the eels this year, but was still about 6mil i think.

If the leagues club folded nrl would prop up parra. But more likely someone would step in to buy the place. Whether they would continue the relatonship with the eels would depend on the owner.

I think the major losers would be the juniors if the leagues club folded. But even still I cant see the nrl abandoning them

 

[FFC Mariner]

Lowy should buy the leagues club and lease it out to a W Syd franchise to generate some $$

Kills 2 birds with one stone lol

 

[marinermick]

Lowy should buy the leagues club and lease it out to a W Syd franchise to generate some $$

Kills 2 birds with one stone lol

or just extend westfields paramatta into the leagues club