The consortium responsible for purchasing the ailing Gold Coast Titans franchise have been forced to admit that making the announcement has already cost them millions of dollars.
The group claim they have haemorrhaged money on merchandise and press releases used to court the media, citing “supplier issues” as the main culprit.
“Looking back on it we should never have hired Jarryd Hayne to take the publicity photo for us,” Owner Darry Kelly said.
“We thought it might be good PR to have Jarryd take the shot but the bloke charged exorbitant fees and really bled us dry”.
Another major drain on the purse of the new owners was poorly priced merchandise designed to drum up support in the media.
“We thought we were using a reputable wholesaler for the merch but it turns out G Bird Pty Ltd was priced well above the market value,” a forlorn Rebecca Frizelle conceded this morning.
“If we had done more research and known that the company was simply Greg Bird selling off all of his old clothes at a premium we would’ve made a wiser decision.”
“You live and you learn I suppose.”
The consortium has called an urgent board room meeting to discuss the poor investment choices and double check what their cooling off period is on the club purchase.
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