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Message: [QUOTE="Kaz, post: 2420209, member: 1843"] Gold Coast Titans debt blows out to $35 million The embattled Gold Coast are on the brink of financial ruin as it emerged the level of debt on the Titans' empire has blown out to an extraordinary $35 million. As the Titans head to the Federal Court today to fight wind-up proceedings against its property arm, [I]The Courier-Mail[/I] can reveal the magnitude of the club's financial haemorraghing, which is worse than the initial forecasted debts of $25-30 million. And in another crippling blow, Gold Coast commercial property experts last night estimated the Centre of Excellence will not fetch more than $20 million - meaning a proposed sell-off of the controversial building is unlikely to save the Titans from going to the wall. [URL]http://www.couriermail.com.au/sport/nrl/gold-coast-titans-debt-blows-out-to-35-million/story-e6frep5x-1226307634235[/URL] It's getting worse. Can't see Searle lasting much longer at the club. [/QUOTE]

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