The financially troubled property arm of the Gold Coast Titans has sold the club’s ill-fated centre of excellence.
Long-term Titans supporters Phil Ward and Bob Clark have been named as the buyers although the price has not been released.
The Titans will lease the building from the pair.
“We are happy that we have been able to bring some finality to the financial difficulties faced by the Titans’ Property Arm in what is also a commercially sound proposition for us,’’ said Mr Ward.
Mr Clark added: “we are pleased that the sale of the CoE will allow the Football Club to move forward in its dealings with the Australian Rugby League Commission (ARLC).’’
Jetstar Titans Managing Director Michael Searle said the sale of the building would alleviate the financial pressures.
This greatly assists our current financial position as we continue to work with the ARLC on positive outcomes for the future,’’ said Searle.
“We are very pleased to be able to achieve this outcome in what is the first and vital step to secure the long term future of the Titans.’’