Giants in the Top 8

[Swans4ever]

No he didn't .
The argument was around the continuous pumping of money by AFL house to prop up the Suns & midgets .

The NRL when they took over the Titans cleared a debt .
One only .
Not millions per yr .
You tried to imply that but had no proof .

Calm down big guy, deep breath now go and read the conversation again and come back to me. No need to shout I'm right here

Good luck there Axe, the RL brigade don't want to discuss facts just loosely based biased opinions! Just mention SOO and gimmick in the same sentence and they explode! Hahaha

[The axe]

No he didn't .
The argument was around the continuous pumping of money by AFL house to prop up the Suns & midgets .

The NRL when they took over the Titans cleared a debt .
One only .
Not millions per yr .
You tried to imply that but had no proof .

Calm down big guy, deep breath now go and read the conversation again and come back to me. No need to shout I'm right here

Good luck there Axe, the RL brigade don't want to discuss facts just loosely based biased opinions! Just mention SOO and gimmick in the same sentence and they explode! Hahaha

I live in hope, Miracles happen

[leagueiscrap]

No he didn't .
The argument was around the continuous pumping of money by AFL house to prop up the Suns & midgets .

The NRL when they took over the Titans cleared a debt .
One only .
Not millions per yr .
You tried to imply that but had no proof .

Yes spazza 35 million dollars of debt just gets forgotten about, with a click of a finger!

FFS do you have any concept of money or figures?

[AFLcrap1]

Can you show me where the 35 million .
Which you have been claiming as 25 million for ages got paid by the NRL .

I'll wait

[AFLcrap1]

No he didn't .
The argument was around the continuous pumping of money by AFL house to prop up the Suns & midgets .

The NRL when they took over the Titans cleared a debt .
One only .
Not millions per yr .
You tried to imply that but had no proof .

Calm down big guy, deep breath now go and read the conversation again and come back to me. No need to shout I'm right here

Which thread was it .
I'll be there .

[The axe]

No he didn't .
The argument was around the continuous pumping of money by AFL house to prop up the Suns & midgets .

The NRL when they took over the Titans cleared a debt .
One only .
Not millions per yr .
You tried to imply that but had no proof .

Calm down big guy, deep breath now go and read the conversation again and come back to me. No need to shout I'm right here

Which thread was it .
I'll be there .

Nrl admin looks amateurish.

[leagueiscrap]

Can you show me where the 35 million .
Which you have been claiming as 25 million for ages got paid by the NRL .

I'll wait

it was 25 million to 35 million

LOL BS the NRLOL wrote a cheque for that amount
A GOLD Coast Titans charity was paying the struggling club rent of almost $750,000 a year at the same time it was receiving $1.5 million of taxpayers’ money.

The rent for space at the Titans’ ill-fated Centre of Excellence peaked at $748,000 in 2011 before dropping to just $88,000 last year – despite Titans 4 Tomorrow increasing its programs tenfold.

T4T has 35 staff. It would not say how many staff were employed when it was paying the club $748,000 for office space at Robina.

The Gold Coast Titans ill-fated Centre of Excellence at Robina
The Gold Coast Titans ill-fated Centre of Excellence at Robina

A Bulletin search into company records also found:

- The organisation sought three loans - one unsecured of $350,000, another secured of $347,359, and one in 2013 from Gold Coast Titans Pty Ltd for $417,392.

- Received $2.3 million in Federal Government funding in 2013 and $1.35 million in 2012, and generated more than $3.5 million in outside sponsorship for that period.

- As of October 2013, had more than $1.5 million in liabilities

- Paid $370,000 and $237,000 in consultancy fees over two years

- Spent up to $45,000 each for luxury cars.

Managing director and organisation founder Michael Searle was unavailable for comment, referring the Bulletin’s questions to chairman Joshua Creamer.

TAKING QUESTIONS: Titans 4 Tomorrow chairman Joshua Creamer Picture: Tim Marsden
TAKING QUESTIONS: Titans 4 Tomorrow chairman Joshua Creamer Picture: Tim Marsden
Mr Creamer, who only became a T4T director late last year, defended the transactions, saying all loans, excluding motor vehicle finance, had been repaid in full.

SPORT: COACH CARTY’S EMOTIONAL GOODBYE

TITANS: FOUNDER SEARLE ON WHY HE’S QUIT THE BOARD

Since October 2013, the company’s liabilities had been reduced by $700,000, he said.

“Titans 4 Tomorrow Ltd directors commissioned a leading independent expert audit firm, Vincent’s Chartered Accountants, to undertake two independent audit reviews in 2013 and again in 2014 after the departure of senior management from the Gold Coast Titans to ensure the former finance staff and club management had adopted a commercial approach to transfer pricing between the entities,” Mr Creamer said.

“This reasonableness review examined transactions between Titans and Titans 4 Tomorrow for the years 2010, 2011 and 2012 and reviewed the costs and charges between the non-profit entity Titans 4 Tomorrow and the Gold Coast Titans. That report definitively concluded without exception or caveat that all transactions between the entities were reasonable and commercial.”

T4T was created in May 2008 to “provide services and assistance to people in need of relief including indigenous people living in remote areas within Australia”.

An NRL investigation into Gold Coast Titans’ financial affairs will scrutinise transactions for related bodies such as T4T.

Mr Searle, a major shareholder and board member of the Titans until his resignation this week, previously indicated he was “happy to fully comply with the NRL investigation”.

‘HAPPY TO COMPLY’: Titans founder Michael Searle - a board member until his resignation t
‘HAPPY TO COMPLY’: Titans founder Michael Searle - a board member until his resignation this week Picture: JERAD WILLIAMS
The records indicate T4T has increased its cash reserves to almost $300,000 after the available funds dropped to about $36,000 the previous year.

As the Titans property arm was bleeding with debts of up to $25 million in mid-2012 after legal disputes surrounding the building of the club’s Centre of Excellence headquarters at Robina, T4T provided rental payments of $748,381 in rent in 2011 and $412,765 in 2012.

These payments dropped to $88,655 last year.

T4T maintains it is separate from the club but documents show senior Titans employees were directors.

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The accounts also show, at October 2013, almost $840,000 was owed by debtors. “Yes,” Mr Creamer said. “The money owed by our sponsors and government has all been recovered.”

The latest financial statement shows T4T had, as of October last year, $1.2 million in total current assets and total returned equity or earnings of $100,292, up from $39,518 on the previous year.

In November 2011, three loans were obtained from St George bank to buy vehicles – Audi cars worth $45,000, $39,000 and $31,000.

“With 35 staff, and many who travel regularly between the Surat Basin and northern NSW, T4T has a range of vehicles.”
http://www.goldcoastbulletin.com.au/spo ... 7017340782

THE embattled Gold Coast are on the brink of financial ruin as it emerged the level of debt on the Titans' empire has blown out to an extraordinary $35 million.

As the Titans head to the Federal Court today to fight wind-up proceedings against its property arm, The Courier-Mail can reveal the magnitude of the club's financial haemorraghing, which is worse than the initial forecasted debts of $25-30 million.

And in another crippling blow, Gold Coast commercial property experts last night estimated the Centre of Excellence will not fetch more than $20 million - meaning a proposed sell-off of the controversial building is unlikely to save the Titans from going to the wall.

The NRL last night confirmed the entire Titans group is under "considerable financial stress", with a team of external accountants having unearthed millions of dollars of hidden debt in the ailing football club.
http://www.couriermail.com.au/sport/nrl ... 6307634235




for all the crap you basement dwellers hang on the AFL expansion clubs the titans are the biggest joke of tham all just ahead of the Minnowbourne storm

[AFLcrap1]

So no proof of 35 mill or the NRL paying that amount .
Lol at you dumbo

[leagueiscrap]

So no proof of 35 mill or the NRL paying that amount .
Lol at you dumbo

THE embattled Gold Coast are on the brink of financial ruin as it emerged the level of debt on the Titans' empire has blown out to an extraordinary $35 million.
full article and link is above tarrrd

[AFLcrap1]

So a 2012 article .
Can you show me where the debt was that amount when the NRL took them over & once again I will ask for proof of the NRL paying off an amount between 25 -35 mill .

I'll wait .
I've asked before but you can't seem to provide proof .

[leagueiscrap]

So a 2012 article .
Can you show me where the debt was that amount when the NRL took them over & once again I will ask for proof of the NRL paying off an amount between 25 -35 mill .

I'll wait .
I've asked before but you can't seem to provide proof .

WTF are you on about spazza
i have showed you proof of the NRLOLs club gold coke titans debts! now show me proof how the NRLOL made their debts magically disappear

[AFLcrap1]

I asked first dumbo .
Show me where the NRL paid out the so called 25-35 mill debt .
You should be able to find it .
You are obsessed with them .

Go hard son

[leagueiscrap]

I asked first dumbo .
Show me where the NRL paid out the so called 25-35 mill debt .
You should be able to find it .
You are obsessed with them .

Go hard son

fuck tarrrd
your the one claiming the NRLOL payed their debt out not me! im calling is BS
but you want me to show you proof on something your claiming



$35 millions of dollars of debt most embarrassing sporting club for the most embarrassing sporting code in Australia, even the world

[AFLcrap1]

No
It was posted here that the NRL when taking the Titans over cleared the 3.5 mill debt .
You keep claiming its 10 x that .
Show me where it's reported that the NRL paid a debt that big .
I've asked many times .
But you continually fail to deliver

[leagueiscrap]

No
It was posted here that the NRL when taking the Titans over cleared the 3.5 mill debt .
You keep claiming its 10 x that .
Show me where it's reported that the NRL paid a debt that big .
I've asked many times .
But you continually fail to deliver

lol
yes spazza because apparently $35 million dollars of debt can be cleared of a cheque of 3.5 million
fuck you really have not a clue do you spazza about the real world