Menu
Facilities

NRL Side Gold Coast Titans Seeking Discounted Stadium Lease

Gold Coast Titans' contract to rent Cbus Super Stadium expires after Friday's match against Cronulla.GETTY IMAGES

National Rugby League side Gold Coast Titans is "chasing" a A$40,000 ($30,200) stadium discount "in the hope of avoiding homelessness beyond Friday," according to Travis Meyn of the Brisbane COURIER-MAIL. The Gold Coast's "controversial" contract to rent Cbus Super Stadium expires after Friday's NRL clash against Cronulla. The Queensland government announced a review into its stadium operations on Sunday, but that is "not expected to be completed until late in the year." The Titans currently "fork out about" A$1.3M ($981,800) a year -- at around A$110,000 ($83,100) per game -- to rent the 27,500-seat stadium at Robina. The deal is worth nearly A$500,000 ($377,600) per year more than Newcastle Knights' arrangement to hire McDonald Jones Stadium. The Titans "privately believe Newcastle is a similar comparison and are hopeful of securing a long-term arrangement that will reduce their hiring costs" by about A$40,000 a game. Titans co-Owner Rebecca Frizelle said that the club needs "certainty." Frizelle: "We are working with the Queensland government to resolve the stadium issues. We are confident we will reach a resolution" (COURIER-MAIL, 4/26).

SQ PROBE: On the Gold Coast, Kirstin Payne reported a taxpayer-funded taskforce formed to probe government-appointed Stadiums Queensland "called in an outside consultancy firm to help." In a "duplication of tasks," the taskforce set to review the leasing arrangements and opportunities of Stadiums Queensland will now include exec-level state department bureaucrats and a private firm, the Boston Consulting Group. Terms of reference for the review "encompass responsibilities already tasked to the SQ board," which was paid a collective annual wage of A$1.3M in the last financial year. The review into the board's dealings follows accusations the stadium fees it is charging are "crippling the state's biggest sporting clubs," including the Titans and Australian Football League side Gold Coast Suns (GOLD COAST BULLETIN, 4/26).

SBJ Morning Buzzcast: March 18, 2024

Sports Business Awards nominees unveiled; NWSL's historic opening weekend and takeaways from CFP deal

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2018/04/27/Facilities/Cbus-Super-Stadium.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2018/04/27/Facilities/Cbus-Super-Stadium.aspx

CLOSE