CQ NRL Bid CEO Geoff Murphy's bid to buy Titans
CQ NRL Bid chairman Geoff Murphy will consider investing in a crippled Gold Coast Titans team in a move to bring several NRL home games to Central Queensland.
Murphy, a Rockhampton-based construction magnate, detailed his investment plan and interest in buying into the NRL-owned Titans after a plea was issued to for the Queensland Government to lower stadium rent costs.
He is hopeful of eventually building a 20,000 seat stadium in Rockhampton that the Titans could play out of and ultimately host Rockhampton's own NRL team.
Titans ambassador and Maroons great Gorden Tallis yesterday backed Murphy's takeover bid preaching it would make "financial sense".
It is understood the Titans had been paying close to $2 million a year to play 12 games at Robina.
The NRL is aware of Murphy's interest but want to secure the Titans finances long-term before selling to the managing director of JM Kelly Group.
The Gold Coast Titans have refused to comment on Murphy's bid but a spokesman for the NRL said the current priority with the Titans was to secure the club's financial future.
He said the NRL does not want to be a long term owner of any club - but it would not look at selling the Titans until its future was secured.
"We owe it to the Titans fans to ensure that the club becomes stable, secure and has a good long term future," a spokesman said.
"So it is unlikely there will be any sale of the club in the short term."
More to follow.