Yeah they are in serious trouble and News Ltd were very keen to sell the Storm off this year and stop propping them up (part of the deal towards removing their 50% ownership of the NRL)
However, John Hartigan (News CEO) suggested today that News Ltd want to support them back to being a "great club", which may suggest they will either stay on as owner until all is sorted OR create a new ownership structure and give the Club a golden handshake.
They are in an extremely weak position though if News does decide to pull the plug, despite all their succcess they still needed 6 million from News each year to survive, what the hell will happen without News Ltd and no doubt, a lack of success from now on?? It's massive for the NRL south of the border.
Carlton had so much support from fans/corporates, didn't lose premierships or comp points, it just made it harder to rebuild quickly due to the Draft Pick situation. Canterbury likewise had a lot of support and were able to recover quickly. Both clubs had a much stronger base than the Storm.
However, John Hartigan (News CEO) suggested today that News Ltd want to support them back to being a "great club", which may suggest they will either stay on as owner until all is sorted OR create a new ownership structure and give the Club a golden handshake.
They are in an extremely weak position though if News does decide to pull the plug, despite all their succcess they still needed 6 million from News each year to survive, what the hell will happen without News Ltd and no doubt, a lack of success from now on?? It's massive for the NRL south of the border.
Carlton had so much support from fans/corporates, didn't lose premierships or comp points, it just made it harder to rebuild quickly due to the Draft Pick situation. Canterbury likewise had a lot of support and were able to recover quickly. Both clubs had a much stronger base than the Storm.



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