HBG, as ultimate owners, are 100% entitled to replace the Board of Directors at any time that they want, for what ever reason that they want. Point of fact, they don't have to give a reason. They can just call an Extraordinary General Meeting and, viola, it is done.
That being said, in the real world of business, such events are usually only reserved for malfeasance by the Board being sacked. Sacking a Board on a whim just doesn't happen in the world of business.
So the question to be asked is: what malfeasance was conducted by the sacked Board?
By any reasonable measure, the sacked Board was doing a good job. On field results improved, membership up, profitability returned. All in twelve months.
In the real world of business, such Boards are not sacked, they are rewarded.
Compare that to the results of the previous HBG dominated Board over the last decade.
I just want a single logical reason as too why HBG have acted in the way that they have. Just one.
In the absence of such a logical reason, I can only question the motives of HBG in essentially throwing a hand grenade into season 2026.
It is said that the definition of madness is doing the same thing over and over, yet expecting a different outcome.
I had thought that HBG proved to us fans that they weren't mad when they appointed an independent review of our corporate governance, found it was wanting, and changed course by appointing an independent Board. Clearly that would appear to be an error of judgement on my part.
I think I might drop a lazy $100 at $8 on the Tigers to get the 2026 spoon. I expect the odds will shorten shortly.
