HBG, Independent Directors Sacked

kiwitiger said:
Why or on what grounds would the NRL step in?
We are solvent and will meet all requirements of playing the season.
The HBG has done nothing illegal.
They own the club and have every right to appoint/replace board members.
Let's be honest, someone has to come last so us being poor is not really a problem for them.
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Bring the game into disrepute. The owners structure at hbg is also undemocratic and this wont stop until that is changed. They have enough evidence now to force reform at the ownership level.
 
kiwitiger said:
Why or on what grounds would the NRL step in?
We are solvent and will meet all requirements of playing the season.
The HBG has done nothing illegal.
They own the club and have every right to appoint/replace board members.
Let's be honest, someone has to come last so us being poor is not really a problem for them.
Click to expand...
HBG don’t directly own the Wests Tigers, they control the club through a 90% shareholding held by Wests Magpies Pty Ltd. Balmain owns the other 10%.

The real issue is HBG itself. 20 debenture holders control 5 of the 7 HBG board seats, giving a very small group disproportionate power. General members only elect 2 directors, so democratic influence is minimal and the balance of power always favours the debenture holders.
 
weststigerman said:
Only hope I see here is someone buying the club, but that probably won't happen because the club is HBG's toy and they don't need money.

Wish they sold to Benny Elias' group and I am no fan of him.
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Benny would have been a disaster too, it would have been a bunch of balmain boofheads calling the shots as opposed to what we have now a bunch of magpie boofheads.
 
Gary Barnier via SMH:

Barnier, whose report into the Tigers’ governance with former NRL chief financial officer Tony Crawford led HBG to recruit the four independent board members in January this year, called on the game to put in place an administrator “to protect the NRL’s ambition to be a global game”.

“This behaviour is not consistent with that, in my view,” Barnier told this masthead.

“I don’t say it lightly, I say it because of my concern that this will disrupt Wests Tigers so fundamentally that it will put them back for another decade.

“As a distant observer, it seems to me there is a continued desire to bring back Wests Magpies at all costs, including the destruction of Wests Tigers if necessary.”

As first reported by this masthead last December, and reiterated by ex-chairman Lee Hagipantelis on radio on Tuesday, concerns exist among some club directors that HGB powerbrokers want Balmain to be removed from the joint-venture.

Barnier said he was not speaking based on anything he learnt in the review but on what he had seen since as a Tigers supporter and during the events of the past 24 hours.

“From a supporter’s position, it seemed to me that the independent board and management had been making good progress, and it’s been reported that because of a miscommunication around a jersey and stadia policy the whole thing has been swept away. To me, that shows an inability to properly govern an NRL club,” Barnier said.

www.smh.com.au

‘We’re going to protect Wests Tigers fans’: NRL to launch probe into boardroom bloodbath

ARLC chairman Peter V’landys has heeded calls for the NRL to intervene following the latest dramas at the embattled joint-venture outfit.
www.smh.com.au www.smh.com.au
 
Peter V'landys via SMH:

The NRL has vowed to launch an investigation into the events that resulted in four independent Wests Tigers directors including chairman Barry O’Farrell being axed from the board and left the future of chief executive Shane Richardson under a cloud.

O’Farrell had called on the NRL to intervene after describing the sackings – which were announced by the Holman Barnes Group, the club’s 90 per cent shareholder – as a “brain fart”.

“We have been approached by a number of parties to look into the situation and we will,” Australian Rugby League Commission chairman Peter V’landys said.

“We will look into it. I’m not saying they have done anything wrong, but naturally we are concerned.

“A number of parties have expressed concerns and we want to safeguard the Wests Tigers fans. That’s my prime aim. We are looking at it at the moment. I’m not saying we will do anything, but we’re reviewing what’s gone on.”

Under the club’s convoluted ownership structure, Wests Tigers fans have no mechanism to affect change at board or management level.

“We are there for the fan, and we’re going to protect Wests Tigers fans,” V’landy’s said. “The people making these decisions must understand Wests Tigers fans are paramount - not politics.”
 
BlackWhiteGold said:
Peter V'landys via SMH:

The NRL has vowed to launch an investigation into the events that resulted in four independent Wests Tigers directors including chairman Barry O’Farrell being axed from the board and left the future of chief executive Shane Richardson under a cloud.

O’Farrell had called on the NRL to intervene after describing the sackings – which were announced by the Holman Barnes Group, the club’s 90 per cent shareholder – as a “brain fart”.

“We have been approached by a number of parties to look into the situation and we will,” Australian Rugby League Commission chairman Peter V’landys said.

“We will look into it. I’m not saying they have done anything wrong, but naturally we are concerned.

“A number of parties have expressed concerns and we want to safeguard the Wests Tigers fans. That’s my prime aim. We are looking at it at the moment. I’m not saying we will do anything, but we’re reviewing what’s gone on.”

Under the club’s convoluted ownership structure, Wests Tigers fans have no mechanism to affect change at board or management level.

“We are there for the fan, and we’re going to protect Wests Tigers fans,” V’landy’s said. “The people making these decisions must understand Wests Tigers fans are paramount - not politics.”
Click to expand...
THANK YOU PVL
 
kiwitiger said:
Why or on what grounds would the NRL step in?
We are solvent and will meet all requirements of playing the season.
The HBG has done nothing illegal.
They own the club and have every right to appoint/replace board members.
Let's be honest, someone has to come last so us being poor is not really a problem for them.
Click to expand...
As.someone else mentioned im sure the NRL would be aware that a succesful thriving winning WTs would be great for the game much like the Dogs now.pulling 50 60k crowds.
No one likes seeing the same teams winning all the time much.like no one wants to see the same club floundering...'cept maybe manly and souths fans the grubs
 
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