Recent content by farmduck

It would have been Wests Magpies. Unless you create a separate class of shareholder (or member) with greater voting rights for the debenture-holders. HBG only has 177 general members, 6 Life Members and 389 Perpetual Members. The other 30,000 are Social Members. I don't know what the breakup...

A debenture is like a Government bond but it's issued generally by a business. It's generally an old idea before venture capitalists and large investment banks were common. Companies would issue the debentures at, for example, 5% interest over 5 years, to raise cash for expansion. These days...

Makes sense, I guess.

But considering how much the original debentures would have been - maybe a couple of hundred pounds - why hasn't the club paid them off?

Yes but why are there, apparently, still debentures from 1996? There is also a clause in the HBG constitution that limits the number of debenture-holders to 20. Considering the orders of magnitude involved in running an NRL club, why would it be limited to 20? (or the 18 existing holders) And...

I haven't found an answer to the most fundamental question, "Why do these debentures even exist?" Here are some snippets I gleaned from a HBG Annual Report. I'm hopeless at understanding financial reports and accounting terms...

I've noticed references to the "18 debenture holders." Does anyone know who they are? Or why an outfit with the turnover of 3 licensed clubs would even need to issue debentures?

A couple of days ago I posted a thread in this section about the cancellation of the proposed 2-game series between France and Lebanon this October. Now the thread has disappeared. Not just from this section but it doesn't show up on my content list either. Does anyone have any idea what might...

I wonder about the Broncos' use of the 18th Man yesterday. Technically they can use him if they lose a player as a result of an incident where the offending player is sin-binned but Keano Kini was sin-binned for tackling Mam without the ball. In that incident Mam injured his ankle and left the...

Technically he won't be in "first grade" over there either. Leigh are only a 2nd Division club, even though their record over the last few years has been amazing. They finished on top last year and only lost 2 games in 2014\. Their halves have both left recently. Brierley joined Hudds and Chase...

I agree. We see it all the time with elections - over a 20 -40 year cycle the ALP/Lib vote split has probably been very stable but we've still had landslides on both sides. This year Wests have delivered pretty much what I expected. We're all hopeful that our players will succeed but...

I do a thread on another forum about Brit players in OZ. I notice Niall Walker from Stanningley, near Bradford is in the Tigers NYC squad but not named in the team. Where do the spare NYC players play when they're not in the Tigers team? I know his brother plays Ron Massey for Hills District.

Here's an extract from: "Players can earn unlimited amounts from corporate sponsors who are not associated with the club and who do not use the game’s intellectual property (no club logos, jerseys or emblems) provided these are pre-approved." An example here would be Willie Mason on Sterlo...

But where's the advantage to the broadcaster? They'll be up against News on all the FTA channels. Scheduling a Pay TV match in a user-unfriendly time slot is a disincentive to buy Foxtel, isn't it?

Can anyone explain the Friday 6pm slot to me? Obviously the crowds won't be great but I don't see it as a great TV-watching slot either. Even if you use the time zones to advantage for this slot - Qld at the start of the season and NZ - do the Warriors really want to play all their home games...