Senior Management and The Board - MEGA Thread

[cochise]

Wests Magpies Pty Ltd own 90% of Wests Tigers Rugby League Pty Ltd. BTRLFC own 10%.

Holman Barnes are majority owners of Wests Tigers Rugby League Pty Ltd, via their 66% stake in Wests Magpies Pty Ltd. WSDRLFC own 33% of Wests Magpies Pty Ltd.

So will this change now?

No

 

[Snidest 0]

hey that’s jimmy mcgill not saul goodman 🤣🤣

Slipping Jimmy - slipping into the Saul persona with that ruby jacket from the Hagipantellis signature range!

That better...

 

[jirskyr]

The Wests Tigers board didnt vote themselves off, the owners of the WT, HBG voted the entire board off. The WT board have no say in in, they are apointed at the pleasure of the HBG board.

Well for starters, if HBG Directors on the WT Board vote to do anything, as a block, then yes nobody else on the WT Board can do anything else about it unless the Charter demands some form of substantial majority (above 4/7 votes).

Re "WT Board appointment exclusively at the pleasure of the HBG Board", are you sure this is right? HBG don't even own 100% of Wests Tigers.

Wests Tigers - the NRL Franchise, is 90% owned by Wests Magpies Ptd Ltd and 10% by Balmain Tigers. The 10% is good-will gesture from HBG when they took over Balmain's debts and merged the two Leagues Clubs.

Wests Magpies Pty Ltd is then 66% owned by HBG and 33% owned by Western Suburbs DRLFC. Therefore HBG officially owns 66% of 90% = 60% of Wests Tigers.

WSDRLFC has a 7-person Board of which HBG control 4 seats, the other 3 being voted by Wests Magpies Football Club members. That means HBG control WSDRLFC and on technicality "own" 4/7% of the 33% stake in Wests Tigers, so another 19%.

This means HBG officially own 60% of Wests Tigers and unofficially 79% if you include their stake via Wests Magpies. But they hold all voting control at the Magpies and Wests Tigers level.

But how does HBG assume to summarily appoint and dismiss all Board members including independents and Balmain's representative? They don't own 100% of Wests Tigers. The Board is not 100% HBG appointees?

 

[Mistymuzzle]

Well for starters, if HBG Directors on the WT Board vote to do anything, as a block, then yes nobody else on the WT Board can do anything else about it unless the Charter demands some form of substantial majority (above 4/7 votes).

Re "WT Board appointment exclusively at the pleasure of the HBG Board", are you sure this is right? HBG don't even own 100% of Wests Tigers.

Wests Tigers - the NRL Franchise, is 90% owned by Wests Magpies Ptd Ltd and 10% by Balmain Tigers. The 10% is good-will gesture from HBG when they took over Balmain's debts and merged the two Leagues Clubs.

Wests Magpies Pty Ltd is then 66% owned by HBG and 33% owned by Western Suburbs DRLFC. Therefore HBG officially owns 66% of 90% = 60% of Wests Tigers.

WSDRLFC has a 7-person Board of which HBG control 4 seats, the other 3 being voted by Wests Magpies Football Club members. That means HBG control WSDRLFC and on technicality "own" 4/7% of the 33% stake in Wests Tigers, so another 19%.

This means HBG officially own 60% of Wests Tigers and unofficially 79% if you include their stake via Wests Magpies. But they hold all voting control at the Magpies and Wests Tigers level.

But how does HBG assume to summarily appoint and dismiss all Board members including independents and Balmain's representative? They don't own 100% of Wests Tigers. The Board is not 100% HBG appointees?

Mate you answered your own question. HBG own the majority of WT, who is going to oppose them?
The WT board was sacked by the HBG group board after a HBG board meeting. Not sure what else to tell you. The WT board didnt sack themselves.

 

[gallagher]

I notice you didnt refute any of the points I made.

Well this is what Cavanagh said about them

“They [Pascoe and Hagipantelis] are really lacking in self-awareness if they can’t acknowledge they are a big part of the issues at the club,” Cavanagh said. “I think they don’t listen and they can’t handle criticism at all. There is an arrogance that exists at the club and I don’t know why they would feel like that given the way the Wests Tigers have performed.”


Nothing about the governance of the governance of Holman Group as you claimed. I let it slide as I dont really want to argue with anyone on this great day for the club.

 

[jrtiger]

Mate you answered your own question. HBG own the majority of WT, who is going to oppose them?
The WT board was sacked by the HBG group board after a HBG board meeting. Not sure what else to tell you. The WT board didnt sack themselves.

well... yeah, they did. Burgess, Andreacchio, Wayde and Romero all resigned from their posts. is that not the WT board sacking themselves?

 

[BAGNF05]

Mate you answered your own question. HBG own the majority of WT, who is going to oppose them?
The WT board was sacked by the HBG group board after a HBG board meeting. Not sure what else to tell you. The WT board didnt sack themselves.

Sometimes common sense prevails. Who cares why/how?

 

[TIGERS]

Righto. We have reset the reset that was supposed to reset the original reset. How long until the next reset do you reckon?

 

[jirskyr]

Mate you answered your own question. HBG own the majority of WT, who is going to oppose them?
The WT board was sacked by the HBG group board after a HBG board meeting. Not sure what else to tell you. The WT board didnt sack themselves.

Oh so you aren't contradicting me exactly, you are just making a very thin point.

I've not been on the end of your nitpicking before, not the most fun.

 

[BAGNF05]

Righto. We have reset the reset that was supposed to reset the original reset. How long until the next reset do you reckon?

The CEO has been here since before Donald Trump and he was even more shit 😂

 

[69-05-41]

My WT's Christmas Wish List 🎅

Brooks ✔️
Pascoe ✔️
Hagipantelis ✔️
The Board ✔️
Nofa - only three more sleeps 🤞

 

[Mistymuzzle]

Well this is what Cavanagh said about them

“They [Pascoe and Hagipantelis] are really lacking in self-awareness if they can’t acknowledge they are a big part of the issues at the club,” Cavanagh said. “I think they don’t listen and they can’t handle criticism at all. There is an arrogance that exists at the club and I don’t know why they would feel like that given the way the Wests Tigers have performed.”


Nothing about the governance of the governance of Holman Group as you claimed. I let it slide as I dont really want to argue with anyone on this great day for the club.

Mate you have got to be joking.....that is the relevatory information fronm Cavanagh that shifting the history of the Wests Tigers? Lee and Pascoe are arrogant, dont listen and cant handle criticism"?

Im shocked....

 

[gallagher]

Mate you have got to be joking.....that is the relevatory information fronm Cavanagh that shifting the history of the Wests Tigers? Lee and Pascoe are arrogant, dont listen and cant handle criticism"?

Im shocked....

Lol.
All this from me saying that Cavanagh was spot on the money about them.
Which was correct.

Have a bad day?

 

[Mistymuzzle]

well... yeah, they did. Burgess, Andreacchio, Wayde and Romero all resigned from their posts. is that not the WT board sacking themselves?

Uh huh....Ok......on the day that the HBG had a board meeting. So let me get this straight, on the day that the HBG had a board meeting, and the WT board did not have a meeting, 4 people that were members of the WT board but also the HBG board and were present at the HBG board meeting that day......"sacked themselves". Not he day before or after the HBG board meeting.

Want to buy a bridge?

 

[matchball]

Lee is tossing and turning in his bed tonight. Nofo too.

 

[matchball]

Uh huh....Ok......on the day that the HBG had a board meeting. So let me get this straight, on teh day that the HBG had a board meeting, and the WT board did not have a meeting, 4 people that were members of the WT board but also the HBG board and were present at teh HBG board meeting that day......"sacked themselves". Not he day before or after the HBG board meeting.

Want to buy a bridge?

It's the classic resign with dignity or be sacked in disgrace.
Most go with option 1 as it's better on the resume.

 

[Mistymuzzle]

Lol.
All this from me saying that Cavanagh was spot on the money about them.
Which was correct.

Have a bad day?

Had a great day, like most WT fans.

It has been a momentous day and I'd hate to see a grifter get any credit for it. you know as well as I that that is not what Cavanagh was complaining about. he was complaining about Balmain DRLFC election processes and WSDRLFC processes. He made official complaints to ASIC about them (which were completely ignored). Dont be disengenuous and try to deflect that he "said" Lee and Pascoe were arrogant and didnt listen, everyone here already said that.

If you make a comment at least have the spine to stand up for it.

 

[gallagher]

Had a great day, like most WT fans.

It has been a momentous day and I'd hate to see a grifter get any credit for it. you know as well as I that that is not what Cavanagh was complaining about. he was complaining about Balmain DRLFC election processes and WSDRLFC processes. He made official complaints to ASIC about them (which were completely ignored). Dont be disengenuous and try to deflect that he "said" Lee and Pascoe were arrogant and didnt listen, everyone here already said that.

If you make a comment at least have the spine to stand up for it.

Really? Al I said was that he was right about them two And he was!
I didn't try and give him credit for anything.

Which comment havn't i stood up for?

 

[Mistymuzzle]

Oh so you aren't contradicting me exactly, you are just making a very thin point.

Oh Im completely contradicting you because you are wrong. The WT board didnt sack themselves. If you dont want to be corrected when you are wrong, dont post on an internet forum.

I've not been on the end of your nitpicking before, not the most fun.

Tell the Smith Family, they care.

Australian Children's Charity Supporting Education | The Smith Family

1 in 6 Australian children live in poverty. The Smith Family is an Australian Children's charity helping young people living in disadvantage by supporting their education and helping them break the cycle of poverty.

www.thesmithfamily.com.au

 

[gallagher]

I'm glad your having a good day. 😅