Several groups show interest in NRL Titans

Gold Coast boss Graham Annesley has confirmed several groups have shown interest in the Titans but does not expect their NRL licence to be taken over any time soon.

North Sydney Bears have made headlines by confirming they are preparing a takeover bid.

If successful, the club would be rebranded the Gold Coast Bears and split their home games between Gold Coast and the NSW Central Coast.

Heritage club the Bears have not had a presence in the NRL since the Northern Eagles – its merger with Manly – folded in 2002 and believe the Titans are their best bet of a return.

However, Annesley said several groups had shown interest.

But he did not expect a takeover bid to be confirmed in the short term despite the NRL last week confirming it would actively accept offers from potential buyers and did not want to be a long-term holder of the Titans licence.

A Rockhampton consortium has again been linked with the Titans while Gold Coast have had past discussions with a group from New Zealand’s South Island.

Current board member Darryl Kelly is also reportedly considering buying back into the club despite losing millions when the club went into voluntary administration last year.

“There has been a lot of speculation but they are not the only group that have expressed interest,” Annesley told AAP when asked about the Bears bid.

“My understanding is that a number have expressed interest.

“But I don’t expect there will be any short term decisions on that.

“Over the coming months and remainder of the season the NRL will deal with those issues.”

Last year NRL clubs lost a combined $42.7 million with the Titans recording a $3.3 million loss.

The NRL took over Gold Coast when they were placed into voluntary administration a year ago.

Annesley believed a Titans club armed with a new board of directors had taken a step in the right direction in the last 12 months.

He hoped their new headquarters at the Parkwood International Golf Course would be completed by July “at the latest”.

“The club we have today is unrecognisable to what we confronted 12 months ago,” Annesley said.

“It’s not going to turn around overnight, like a lot of clubs we are still in deficit.

“But if we continue on this track it won’t be too long until we are a profitable club.”

The Titans are the bookies’ wooden spoon favourites after a disastrous 2015.

Gold Coast start their season at home against Newcastle on Sunday.

“There is a good feeling among the group. They don’t see themselves as also-rans,” Annesley said.

* All Offers and Promotions posted in this article excludes NSW residents.
Stay up to date with the latest sports news
Follow our social accounts to get exclusive content and all the latest sporting news!