Raiderdave wrote:Beaussie wrote:Hmm, the financial side of things is not looking good for the Titans. Could they be the 3rd failed attempt at establishing a Rugby League club on the Gold Coast. The following looks dire.
QRL calls for Titans financial inquiry
Peter Badel
From: The Sunday Mail (Qld)
June 26, 201011:17PM
QRL supremo Ross Livermore has called for the NRL to launch a full inquiry into the Titans’ finances following fresh revelations the club owes three entities more than $25,000 in unpaid debts.
Livermore’s plea came as a leading Queensland-based jersey manufacturer, Triple Play, warned the Titans faced another lawsuit if it did not pay money the company has been chasing for five months.
As the Titans continue a legal dispute with former builder Simcorp over their troubled $22 million Centre of Excellence project, The Sunday Telegraph can reveal:
* The Queensland Rugby League claims it is owed $18,000 in unpaid development fees by the Titans, whom Livermore says are the only NRL club yet to pay up;
* Triple Play is owed $5775 for guernseys provided in January to the Titans’ under-16s and under-18s squads;
* Another company, Total Hire, says it will never deal with the Titans again after alleging it was forced to write off $1500 in bad debts when the Gold Coast failed to pay for equipment hire at the club’s Centre of Excellence site; and
* The Titans are attempting to resolve a dispute with the Queensland Government, which began legal proceedings last month seeking $226,278 in unpaid payroll tax.
The series of outstanding monies raises further queries over the fiscal health of the Titans, who have twice sought advances on their NRL club grant totalling $2.3 million.
http://www.dailytelegraph.com.au/sport/ ... 5884718268
What was that Raiderdave that you said about NRL handouts not existing? Hmm, lying again.
advances on their grant ( the pot of profits that goes to all clubs same or similar to profits shared **** all AFL clubs )
not hand outs on top of this
like almost all bumbling AFL clubs receive
Why do the Titans need a advances in the first place? Things aren't as rosy as you would like us to believe on the Gold Coast when it comes to the Titans. Looking at their forms this season, no doubt they will need another advance/bailout by seasons end too.
