Marwan Koukash bids for Gold Coast Titans

Koukash salary cap

Marwan Koukash has made a bid to become the new owner of NRL outfit Gold Coast Titans.

The flamboyant millionaire stepped down as Salford Red Devils owner two weeks ago and is now interested in taking over the National Rugby League franchise.

Fairfax Media have reported that Koukash, who was previously interested in buying the Newcastle Knights, has entered the race to buy the Titans alongside North Sydney Bears, Brisbane Bombers and the Rebecca Frizelle-Darryl Kelly consortium.

Having made his millions in horse racing, Koukash took over Super League side Salford Red Devils in 2013 and saved them from financial meltdown.

However he was caught up in numerous controversies during his five-year tenure, including a six-point deduction for salary cap breaches in 2016.

Gareth O’Brien’s sudden death drop-goal saved Salford from relegation that season and despite improved fortunes in 2017, the club have still struggled to attract fans leading to Koukash stepping down.

But his love for the sport has never wavered and this potential opportunity to own a club in Australia may have been the reason behind his sudden exit from the Red Devils.

Reports suggest those interested in the Titans are willing to bid $10 million, but self-made millionaire Koukash is unlikely to lose out financially with his estimated net worth around $3 billion.

The NRL wants to get the Titans off its books by October 31, however they may be wary of handing control to a man who constantly opposed the Rugby Football League during his time in England.

Former Wigan head coach Michael Maguire is leading the way to become the Titans new head coach, whether he will take the reigns under Koukash though remains to be seen.