From the same article, but without the selective representation-
“Now, there’s an agreement between Wests Tigers and Holman Barnes Group where certain decisions that are made need to come back to the owner for approval. That simply hasn’t been happening.
“And I can give an example of that – the stadium policy around Leichhardt Oval. So the announcement was that Leichhardt Oval would be the home of Wests Tigers for the next 15 years. The Holman Barnes Group board only found out about that with 16,000 other fans at Leichhardt Oval. Which is really bad for business, and it’s quite embarrassing really ...
As the majority owners, Holman Barnes Group is well within its rights to take back control of the board if there are concerns with governance. In order to take back control and have the ability to reconstitute the board, the only lever the Holman Barnes Group had to pull was to remove the four independent board members. The work done by the majority of the independent board members has been commendable, and we are in talks with some of those members as we work through what the new board looks like
You talked about a lack of communication – and obviously the four independent directors are no longer there – what responsibility does Shane Richardson bear for that?
DP: “I think some of the decisions that were made, that should have come to the Holman Barnes Group for approval, certainly didn’t happen. And that’s coming from the CEO and the board.”
Is there anything in the [ownership] agreement whereby certain actions taken by the football club have to come back to you either for ratification or to inform you of what’s going on?
DP: “That’s correct. In the agreement, there is a threshold limit that if transactions – let’s say transactions above a certain limit – need to come back to Holman Barnes Group for approval.”