Takeover rumours surrounding Gold Coast are a sign of how much the NRL club has turned itself around in 12 months, Titans chief executive Graham Annesley says.
A year ago the Titans were in turmoil, with the club placed into voluntary administration and taken over by the NRL.
Since then Annesley and a new board of directors have worked to restore the Titans’ shattered off-field reputation.
The club celebrated their 2016 season launch on Tuesday, with Annesley announcing construction work on a new headquarters at the Parkwood International Golf Course was already underway.
The launch was held with rumours surfacing that North Sydney Bears were apparently preparing a takeover bid for the club.
The Bears, who have been attempting to return to the NRL for over a decade, reportedly see acquiring the Titans as their way back into the competition.
If successful, it’s reported the club would be rebranded the Gold Coast Bears and split their home games between Gold Coast and the NSW Central Coast.
North Sydney Leagues Club own the Tweed Heads Seagulls Leagues Club which has an affiliation with the Titans.
Current board member Darryl Kelly is also reportedly considering buying back into the club despite losing millions of dollars in last year’s voluntary administration decision.
Annesley wouldn’t discuss the Bears rumours but said he’s not surprised there’s interest in the club.
“The reason I came to this club is I believe it’s got enormous untapped potential,” Annesley told AAP.
“Others would see that as well.
“I’d be very surprised if the level of interest is limited just to the rumours that are circulating at the moment.”