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  • Frizelle steps down as Titans chair after joining bid to buy club

    2019 - 04.13

    Rebecca Frizelle has stepped down as the chairperson of the Gold Coast after joining the Darryl Kelly-led consortium attempting to buy the franchise.
    Nanjing Night Net

    The Titans are now officially up for sale and the NRL is hoping to get the club off its books by November 1. Frizelle and Kelly have stepped down from their roles on the Gold Coast board to ensure there are no conflicts of interest during the sale process, although they will resume their directorships if theirs is the winning bid.

    The Central Coast Bears are one of the main rivals attempting to buy the Titans in a move that would result in the club being rebadged as the ‘Bears’ and the occasional NRL game being taken to either North Sydney or the Central Coast. It’s understood there are other interested parties, although their identities remain a well-hidden secret.

    The Kelly-Frizelle consortium is the favourite to buy the Titans, with the the chair resigning while the sale process unfolds.

    “I took this action to avoid any perception of a conflict of interest once the formal sale process for the club licence commenced this week,” Frizelle said via a statement.

    “My family’s private company is part of a consortium that is being led by long-term fellow director and former major shareholder, Darryl Kelly, that will enter the formal bidding process for the sale of the licence.

    “As a consequence of this bid, it would not have been appropriate for me or Darryl to continue as directors, nor for me to remain as chair of the club during the sale process.

    “It has been an absolute privilege and honour to serve as the chair of this club for the past three-and-a-half years through some very challenging times. The board and management team has worked very hard to stabilise and strengthen the club for the future. We have had to make difficult decisions that were not always popular but were always with the best interests of the club in mind.”

    It has been a tumultuous time for the Titans, who have sacked coach Neil Henry with a year remaining on his contract after a well-publicised fallout with Jarryd Hayne. A replacement is yet to be found as the club attempts to re-sign star halfback Ash Taylor before he becomes a free agent.

    Frizelle said the Titans would remain based on the Gold Coast “in local hands” if their bid was successful.

    “Darryl Kelly and ourselves are prepared to take on the responsibility and financial risk to provide the club and the local community with certainty around a Gold Coast-based franchise that is sustainable for the long term,” she said.

    “It is the ultimate intention of our consortium to transition the ownership of the club into a community model where it will be owned by its members. This can only occur once the club is financially independent and self-funding.”

    Frizelle’s family business, the Frizelle Automotive Group, is one of the most successful businesses on the holiday strip and has sponsored the Titans for over a decade.

    Griffith University’s senior deputy vice-chancellor, Professor Ned Pankhurst, will act as chairman on an interim basis during the sale process.

    “If Darryl and I are successful in our bid, we look forward to resuming our positions on the board as owners, to help deliver on the enormous potential of the Titans,” she said.

    This story Administrator ready to work first appeared on Nanjing Night Net.

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