It's sad to see any sporting side collapse regardless of where they are or what sport they play.
I don't think the NRL will save the Gold Coast Titans especially with unconfirmed reports saying that debt is $35m and that the debt is intertwined amongst most of the Titans entities. Realistically, the Titans are going to be hard to save especially with some estimates saying that the Centre of Excellence may only be worth $11-17m now with the property crash on the Gold Coast. Realistically, they will find it hard to sell too as who wants to buy a facility (that is contractually only to be occupied by the Titans) when the Titans may not exist in two years as you may have an expensive asset that no one can rent. This is a huge issue for an possible investor as the uncertainty is huge.
Its sad and its going to be very interesting to how the NRL handles this. I don't know if just creating a new team on the GC will solve their issues. The debt will be gone but the GC's problems with supporting a team will still exist and when crowds are low, the last thing you need is to screw your fan base by starting a new team.
I don't think the NRL will save the Gold Coast Titans especially with unconfirmed reports saying that debt is $35m and that the debt is intertwined amongst most of the Titans entities. Realistically, the Titans are going to be hard to save especially with some estimates saying that the Centre of Excellence may only be worth $11-17m now with the property crash on the Gold Coast. Realistically, they will find it hard to sell too as who wants to buy a facility (that is contractually only to be occupied by the Titans) when the Titans may not exist in two years as you may have an expensive asset that no one can rent. This is a huge issue for an possible investor as the uncertainty is huge.
Its sad and its going to be very interesting to how the NRL handles this. I don't know if just creating a new team on the GC will solve their issues. The debt will be gone but the GC's problems with supporting a team will still exist and when crowds are low, the last thing you need is to screw your fan base by starting a new team.