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Titans property trust placed into voluntary administration
Property Trust placed into Voluntary Administration
Following legal advice, the Gold Coast Titans Property Trust (which is separate to the Football Club) has been placed into Voluntary Administration today.
This move further shores up the viability and sustainability of the Football Club as it reduces significant debt within the Titans Group but also places creditors in a position to receive payments towards monies due to them.
The move to Voluntary Administration also assists in ensuring the settlement of the sale of the Centre of Excellence. It will not have any day-to-day impact on the Titans Football Club. The NRL was today advised of the club