Breaking News Today – The Brisbane Jets
The Brisbane Jets are an all-inclusive swimming team that attracts swimmers of all abilities from all over the city. They have over 200 children swimming with the club and are composed of families from various schools. The team hosts two meets each year and competes at various levels, including the Commonwealth Games Para Trials.
The Jets are the result of a merger of two previous bids for an expansion franchise. Former Brisbane Bombers and Western Corridor bidders joined forces to form the club, and plan to play most home games at Lang Park. Eventually, they also plan to redevelop North Ipswich Reserve into a 20,000-seat stadium. The Jets are positioned to market their brand in the Ipswich region, which is one of the fastest growing cities in Australia.
The Jets are in merger talks with the Brisbane Firehawks, and the two teams are expected to combine into a $35 million super bid. Although the Jets do not have cash reserves, they are considered one of the best options for protecting the NRL’s brand in Queensland. They have also shortlisted three possible locations for their administrative and training facilities.
The Ipswich City Council has expressed an interest in funding the development of a new stadium for the Jets. The Ipswich City Council is willing to fund the project and has agreed to build a stadium for the team at a cost of $220 million. While the new team would be based in Ipswich-West Brisbane, the majority of their home games would be played at Suncorp Stadium.
Despite being a part of the community, the Jets are a part of the Western Corridor bid. Its administration is led by Shane Richardson. Despite the Firehawks’ backing, the Jets’ chief executive is confident that the club will be able to stand on its own.
The Jets are making a last-ditch pitch to the National Rugby League to get a franchise. They have already secured $23 million in guaranteed funding from private investors, and more than $4 million in guaranteed annual sponsorship. Their financial model shows that they can become profitable and have a reserve fund of $47 million by the 2027 season.
While the Redcliffe Dolphins, Brisbane Jets, and Queensland Dragons are all in the mix to become the NRL’s next expansion team, the Redcliffe Dolphins have the edge. If they are successful, they are expected to beat the Jets and Firehawks in 2023. Further, News Corp’s $75 million investment in the NRL over the next five years has boosted the expansion process.
