HBG, Independent Directors Sacked

Status
Not open for further replies.
Fraze23 said:
I feel that a board and football club controlled by exclusive debenture holders sounds more like North Korea and this is a revolution to topple the dictatorship that has lurched from one inept decision to another.

They might be good at pokies and schnitzels, but they have absolutely no idea how to run a football club.
Click to expand...
But the board isnt controlled by exclusive debenture holders. The floor is allowed to vote from a number of debenture holders to become a director of the club, and a free vote for 2 other members who are NOT debenture holders.

Any member can become a debenture holder, as and when a vacancy arises in the debenture listing.

So no, absolutley nothing remotely similar to North Korea.
 
St George Leagues Club

As they arent a 100% owner of the football club, they dont offer a consolidated breakdown of the football club.

The only costs attributed to the football club are recored early on in their annual reports where it is mentioned that the Leagues Club provides a Grant tp the Football Club to the value of $1,395,306 in FY 2024
 
mtd#2 said:
Its interesting you use the bulldogs as an example..

Over the past 2 years they poured close to 13 million into football... HBG gave under 4 million.

You do understand that if HBG invested that amount of money into the wests tigers, the majority of people (including myself) wouldn't give two craps what was happening at HBG - give us the money and let the footy club do their thing..

Not only do HBG not contribute a sufficient amount, they compund it by making stupid decisions that impact the football club that draw attention to them. I dont see that happening at the bulldogs?
Click to expand...
Please cite you evidence. Their financial reports seem to not support your statement. Their financial reports dont hightlight what revenues were attributed specifically to the football operations, aside from their investment into the CoE.

Infact in FY24 they spent more money on buying investment properties
 
Tucker said:
I don’t waste my time with this type of thing.
I am only interested in the football operations - specifically winning games of football.
These power struggles bore me.
Click to expand...
I get it, it's dry stuff getting in the way of footy but they are that shit gift you get at Christmas that you can't wait to get exchanged.

Looks like it's coming to a head now and with a bit of luck they will be delt with and good riddance.
 
Penrith Panthers

Revenue from gate receipts - $1,544,000
Sponsorship Revenue - $12,058,000
NRL Grant - $18,185,000

Cannot differeniate from their financial reports if Gate Receipts includes season ticket holder (ie match day only). I dont think it does and I think Penrith membership revenues are a consolidation of leagues club members and football club members. If that is the case, the Financial Reports do not disclose how the number is broken down.

Also cannot ascertain from the Penrith Panthers financial reports how much monies was spent on the football club specifically as the report is a consolidated report.

There is an expense simply listed as "NRL" to the value of $1,715,000 which may or may not be a contribution to the football club
 
cdinoz007 said:
Penrith Panthers

Revenue from gate receipts - $1,544,000
Sponsorship Revenue - $12,058,000
NRL Grant - $18,185,000

Cannot differeniate from their financial reports if Gate Receipts includes season ticket holder (ie match day only). I dont think it does and I think Penrith membership revenues are a consolidation of leagues club members and football club members. If that is the case, the Financial Reports do not disclose how the number is broken down.

Also cannot ascertain from the Penrith Panthers financial reports how much monies was spent on the football club specifically as the report is a consolidated report.

There is an expense simply listed as "NRL" to the value of $1,715,000 which may or may not be a contribution to the football club
Click to expand...
I appreciate the effort you're going to , trying to find each clubs funding.
I'm not sure everyone is though
 
cdinoz007 said:
Please cite you evidence. Their financial reports seem to not support your statement. Their financial reports dont hightlight what revenues were attributed specifically to the football operations, aside from their investment into the CoE.

Infact in FY24 they spent more money on buying investment properties
Click to expand...

Its late and im tired so here is the lazy version:

According to the Canterbury-Bankstown Bulldogs 2024 Annual Report, the specific "Direct Football Grant" figures are as follows:

- 2024 Direct Football Grant: The League Club provided approximately $5.5 million in direct funding to the Football Club.

- 2025 Committed Funding: The report explicitly states under the "Economic Dependency" section (Note 29) that the League Club has committed $6,400,000 in grant funding for the year ending October 31, 2025.

So total of 11.9 million over 2 years into the footy club
 
Go_You_Good_Things said:
Yeah, he and his cohorts should definitely be the new owners.
With his track record, all our problems are solved.
Click to expand...
I was not a fan for him and combo buy it , it was an offer I remember , if it was bought we pray it is via some very smart people / group who have money and brains , business smarts , twiggy Forrest , Big bad Gena ,
 
innsaneink said:
Id probably attend less games...i wonder what affect it would have on memberships etc...not a good affect id imagine
Click to expand...
Maybe at the start, corporates would probably increase. We'll never find out as the club will stick with three ground policy.
My point is though, I find it a bit rich fans who say we are under funded but are also against the club improving its funding. They want us to be a rich club but only via handouts.
 
gallagher said:
Maybe at the start, corporates would probably increase. We'll never find out as the club will stick with three ground policy.
My point is though, I find it a bit rich fans who say we are under funded but are also against the club improving its funding. They want us to be a rich club but only via handouts.
Click to expand...
Theyve put.most of their eggs into Cambo now....weve made our bed.
Just hope they dont.keep.losing the good ones
 
gallagher said:
Maybe at the start, corporates would probably increase. We'll never find out as the club will stick with three ground policy.
My point is though, I find it a bit rich fans who say we are under funded but are also against the club improving its funding. They want us to be a rich club but only via handouts.
Click to expand...
FWIW the first time we made a profit as a club to be more financially independent and not need handouts they rissoled the CEO responsible for it.
 
wstigers11 said:
FWIW the first time we made a profit as a club to be more financially independent and not need handouts they rissoled the CEO responsible for it.
Click to expand...
Did we actually though? I know he said we did, but he also said memberships went from about 9k to 19k. His truth was a bit rubbery.
 
gallagher said:
Did we actually though? I know he said we did, but he also said memberships went from about 9k to 19k. His truth was a bit rubbery.
Click to expand...
What? where did he say it’s at 19k? last report was I can see was in April it was at 9k with a goal of 13,000.

HBG said themselves we made a profit in their statement sacking the board.

IMG_1138.jpeg
 
Status
Not open for further replies.

Latest posts

Members online

Total: 899 (members: 11, guests: 888)
Back
Top