{"id":298098,"date":"2023-11-25T00:54:03","date_gmt":"2023-11-25T00:54:03","guid":{"rendered":"https:\/\/tellmysport.com\/?p=298098"},"modified":"2023-11-25T00:54:03","modified_gmt":"2023-11-25T00:54:03","slug":"twiggy-forrest-set-to-join-forces-with-dragons-nrl-in-big-money-deal","status":"publish","type":"post","link":"https:\/\/tellmysport.com\/rugby-league\/twiggy-forrest-set-to-join-forces-with-dragons-nrl-in-big-money-deal\/","title":{"rendered":"\u2018Twiggy\u2019 Forrest set to join forces with Dragons, NRL in big-money deal"},"content":{"rendered":"
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Billionaire mining magnate Andrew \u201cTwiggy\u201d Forrest is poised to take his first steps into rugby league after finalising a multimillion-dollar partnership with the St George Illawarra Dragons.<\/p>\n
The Dragons, one of Australian sport\u2019s most iconic brands, are on the verge of signing off on a $1.2m-a-season major sponsorship deal to advertise Forrest\u2019s renewable energy company, Squadron Energy, on the front of their jersey from 2025.<\/p>\n
The deal with the Dragons will be Forrest\u2019s first foray into rugby league. Australia\u2019s second-richest person, Forrest has been one of Australian rugby\u2019s biggest supporters, having poured millions of dollars into Super Rugby franchise Western Force since 2017.<\/p>\n
The Dragons confirmed they were in discussions with Squadron Energy when contacted by the Herald<\/em> but declined to comment given the confidential nature of negotiations.<\/p>\n A meeting between representatives of Forrest and St George Illawarra was first brokered by 2GB radio host and Dragons tragic Chris O\u2019Keefe a couple of months ago.<\/p>\n The Dragons have since developed a strong bond with Forrest\u2019s representatives and are close to announcing one of the game\u2019s most significant sponsorship deals in the code\u2019s history.<\/p>\n <\/p>\n Andrew Forrest is backing the Dragons.<\/span>Credit: <\/span>Trevor Collens<\/cite><\/p>\n The NRL is aware of the pending deal and has welcomed the news of Forrest\u2019s venture into the 13-man code due to the financial and emotional investment he has previously given rugby union.<\/p>\n Forrest has an assessed net worth of $33.29 billion according to the Financial Review 2023 Rich List and sits behind only Gina Rinehart on Australia\u2019s rich list.<\/p>\n The deal shapes as a major coup for the Dragons, who have played finals football just once in the past eight years and are looking to new coach Shane Flanagan to change their fortunes.<\/p>\n Squadron Energy will replace long-time partners St George Bank as the club\u2019s front-of-jersey sponsor, but the Dragons are hopeful of continuing the relationship with the bank in some capacity beyond the end of 2024.<\/p>\n Squadron Energy is expected to be the club\u2019s back-of-jersey sponsor for 2024 before taking over from St George Bank as the club\u2019s principal partner the following year.<\/p>\n That deal is expected to be extended, with St George Bank to remain a sponsor despite deciding earlier this year to end its association as the club\u2019s major sponsor following the 2024 season.<\/p>\n Sports news, results and expert commentary.<\/i><\/b> Sign up for our Sport newsletter<\/i><\/b>.<\/i><\/b><\/p>\nMost Viewed in Sport<\/h2>\n
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