 Gold Coast philanthropist Reuben Pelerman took over ownership of the struggling club, and lost a further $10 million over three years before he decided to permanently relocate the team to Brisbane in 1993, staving off media rumours of the Bears merging with fellow cellar-dwellers Sydney to form a combined Queensland/New South Wales team, the Northern Swans, or relocation to either Tasmania or Port Adelaide.Since relocating to Brisbane, the Bears were rebranded the Lions in 1996 after merging with Fitzroy, and have enjoyed greater success both on and off the field, including three successive premierships.Professional football returned to the Gold Coast in 2006 when the Brisbane Lions and the North Melbourne Kangaroos began playing some home games at Carrara Stadium.