pussycat wrote:adamj1300 wrote:pussycat wrote:That's a pissweak excuse! what about Cronulla ? the Sydney media are 100 x worse than the Melbourne lapdogs.
yes for things that are relevant. cronulla are not, so much so they cannot find a major sponsor.oh wait yes they can! "Shark Energy Drink" a product that the club makes

They dont survive on handouts

hand outs from who?
the crunulla sharks do, NRL clubs have a pissy little budget compared to all AFL clubs
A pizza shop owner has emerged as the mystery investor who has freed Cronulla of the bank debt that once threatened to ruin the club.
Fairfax Media can reveal a debt of about $3.5 million has been mortgaged to the superannuation fund of Paul Ellams to discharge a long-standing loan from St George Bank. The club's home ground of Remondis Stadium has been given as security.
Ellams is a Cronulla resident and Sharks supporter who recently negotiated the deal with club officials. The 60-year-old is a local businessman and developer who has run a number of companies, including a concreting business and a laundromat, which he has sold off in recent years. He is a friend of former Shimano boss John Dunphy, a local identity who considered running at the last board elections, and friends with several directors.
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The identity of the mystery man has been a closely guarded by the club. However, Ellams spoke candidly about his involvement while on a fishing trip to Port Stephens. ''I've spoken to the new board about the club and which direction it's going to go,'' he said. ''I have a lot of faith in the club, and I thought we'd get rid of St George Bank and go forward from there. There were some business [discussions] with those guys, they make a few bucks, I make a few bucks, and that's as far as it went.''
Cronulla were on the brink of collapse when they owed the bank $14 million, and their future was at the mercy of the lender. However, an advance of $10 million from the long-awaited redevelopment of the Remondis Stadium precinct in August 2012 wiped almost a $1 million a year in servicing fees, as the average interest rate was about 7.5 per cent.
Fairfax Media has obtained documents that show Remondis Stadium has been mortgaged to KPE superannuation, the private super fund for Paul and Kym Ellams. While Ellams wouldn't go into the details, he said the deal was a win for himself and the club.
''The commercial terms are I have first mortgage over the building, that's it really,'' he said. ''It helps the Sharks, and I've got a finger in the pie, too. It works both ways. They scratch my back, and I scratch theirs. That's as far as it goes.''
Read more:
http://www.smh.com.au/rugby-league/leag ... z2x95GD3M6
like all NRL clubs, pokes & hand outs, to survive.
