The woes of the Gold Coast Titans just continue.
It has now come to light that Titans management were only hours away from moving their Friday night game against the Broncos to another stadium. Despite absorbing millions of dollars in sponsorships, donations, and now buy-outs by the NRL, the club continues to haemorrhage money. The threat to move the game from its home at Robina Cbus Super Stadium was yet another attempt at penny-pinching.
Negotiations between the titans and Stadiums Queensland hit a stalemate on the Tuesday before the game. Any agreements need to be finalised by this time as transport, police, catering, and a slew of other support services need to be notified in order to ready their staff.
In frantic last-minute discussions the two parties reached a short-term agreement allowing the game to proceed. But the Titans’ home ground is far from secure.
Prior to the club going into voluntary receivership in February, it was paying $2 million a year toplay 1its 12 home-games at the Robina stadium.
That, Titans management argue, is too much.
The cost of hiring the stadium is the club’s second largest cost behind the salaries of players and staff. According to management it contributed significantly to the financial struggles that saw the club into voluntary administration.
Graham Annesley, head of the Titans and Head of Club Services, Tony Carwford, are expected to thrash out a longer-term agreement with stadiums Queensland in the coming week. Upon this agreement hang the jobs of hundreds of support staff and loyalty of fans.
A spokesperson for Stadiums Queensland told reporters that one method of reducing stadium cost was to limit seating.
This was tried by Clive Palmer when he owned the now defunct Gold Coast United A-League football team. It was meant with a huge supporter backlash as fans were unable to see their team play.
Moving the team to another stadium will likewise present many loyal fans with problems of attending their match.
Considering the sponsorship, donations, and buy-out they have received, one has to wonder: What the Titans are doing with their money?