National Rugby League side Gold Coast Titans are "closing in" on a A$100M ($77M) move to Parkwood "that will secure the club's future in the NRL" until '25, according to Peter Badel of the Brisbane COURIER-MAIL. The club is a "fortnight away from one of the most important deals" in its "tumultuous" eight-year history. In September, the Titans announced plans to move to a site at Coomera in a proposed A$7M project. But the club has "cooled on Coomera, with a shift to Parkwood International golf course emerging as a superior financial proposition for the embattled NRL club." Under a tenancy agreement with Parkwood, the Titans would "leverage the precinct's plans for a Leagues Club-style facility that has been a financial backbone for Sydney-based NRL clubs." As part of the A$100M upgrade, Parkwood Int'l would underwrite construction of a "state-of-the-art motel and facilities that will offer a social and entertainment arm for Titans fans." Gold Coast CEO Graham Annesley said no contract had been signed with either Parkwood or Coomera but Parkwood has "emerged as the Titans' preferred home." Annesley: "The Parkwood deal is looking promising but it could still fall over" (COURIER-MAIL, 2/11).
