The more government-owned entities that are privatised, the more dubious I am about the benefits of privatisation. But I am rapidly coming to the conclusion that the privatisation of the Newcastle Knights might be the club’s only hope for long-term survival. But the Knights had better get a move on if they want to attract serious bids, given their parlous position in the NRL premiership today.
The Knights are currently running last and the horror start is likely to continue, with star player Andrew Johns set to be out of the game for six weeks or more with a broken jaw. This horror run on the field is more than matched by the Knights’ current financial woes: they lack a major sponsor, they don’t have the financial backing of a substantial Leagues club, and they have appealed to the NRL for a six-figure bail out.
One option that has been floated to address the Knights woes is to privatise the team but the way some Knights officials have responded you would have thought it was a revolutionary proposal without precedent in rugby league or sport generally. It is far from the truth of course.
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