HBG, Independent Directors Sacked

cochise said:

In a statement to News Corp, a spokesperson said that “exhaustive investigations have found no wrongdoing by Mr Barnier"

The above statement is always forgotten by the guys throwing rocks.
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There may have been no wrong doing specifically by him but there were some pretty horrendous things happening in aged care facilities under his banner. He could definitely be accused of poor management and failure to keep a close scrutiny of what was happening at the coal face. Hardly the type of leadership the club needs.
 
gallagher said:
This is why the other day I was asking for a list of what other owners put in? You seem to know what every other club gets. Let's get the comparisons up.

I doubt the private owners (penns etc) are putting in $5 to $10 million a year.
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of course they are not and i would be amazed if cronulla are putting anything up at all and yet they are constantly in the 8.
 
Tucker said:
What happens this year is already predetermined by work completed over the past couple of years. What happened this preseason alone will hold little to no bearing. Decisions made to bring talent to this club - which will be what makes this season a success, will hold most of the weight.
How they perform in big games will be the deciding factor attributed to coaching.
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I read somewhere that a lot of this pre season has been focusing on mental toughness to alleviate the problem of drifting out of games that are winnable. Its good to see that this was identified as a major area that needed fixing. Can only hope the staff have success instilling it.
 
diedpretty said:
of course they are not and i would be amazed if cronulla are putting anything up at all and yet they are constantly in the 8.
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They don’t need too they have rich investors. They received a $5m donation from an Australian billionare last year. If we had that we wouldn’t need the owners help either.
 
diedpretty said:
There may have been no wrong doing specifically by him but there were some pretty horrendous things happening in aged care facilities under his banner. He could definitely be accused of poor management and failure to keep a close scrutiny of what was happening at the coal face. Hardly the type of leadership the club needs.
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How could he be any worse than what HBG has now, with the pathetic decisions made to destroy the Tigers board that was making the difference, so unprofessional, that just made no sense at all surely you can't be happy with them running the place.
 
diedpretty said:
of course they are not and i would be amazed if cronulla are putting anything up at all and yet they are constantly in the 8.
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wstigers11 said:
They don’t need too they have rich investors. They received a $5m donation from an Australian billionare last year. If we had that we wouldn’t need the owners help either.
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Plus Cronulla had a former Prime Minister as their #1 supporter just as Souffs have Albo, both about as useful as being tied to a boat anchor.

I can only hope that both clubs fail miserably and may their future achievements be limited to winning wooden spoons.
 
cdinoz007 said:
NRL Grants - $18,190,000
Season Tickets and Gates - $6,028,754
Sponsorship and Corp Partnership - $10,576,848

What ISNT apparent from the Bulldogs financial report is funding provided TO the football club by the Leagues club. Where this mythical $20m comes from, I dont know. But I cannot see that number anywhere in the Bulldogs report.

What we can see in last years report is the club spent $21m in capital works related to the CoE.
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Its in footnotes -

Transactions with the subsidiary - Canterbury League Club Limitedj. During the 2024 financial year, the subsidiary entity paid $6,150,000 (2023: $5,650,000) as grant and sponsorshipto the Company which included a $nil renovation grant (2023: $nil). Furthermore, the subsidiary entity paid grants tothe Junior League amounting to $400,000 (2023: $436,500).
 
For those wanting to compare Canterbury s input to HBG these are the overall figures from their financial reports :

HBG received $31 mil in football related income which include nrl grant of $19.6 mil and other income such as sponsorship, merch, ticket sales, hospitality totalling $11.4 mil.

Canterbury Leagues receive $37.7 mil which includes nrl grant of $18.2 mil and other income totalling $19.5 mil.


So the reason they are able to provide more funding to the football dept may simply be that they are generating more football related income.
 
mtd#2 said:
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
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OK,

So they have an easier to read document on line I have found.

FY24 - Grants Paid to Canterbury Bankstown Bulldogs Rugby League Club Limited - $7,300,000
FY23 - Grants Paid to Canterbury Bankstown Bulldogs Rugby League Club Limited - $6,086,500

This suggests $13m over 2 seasons. Now, this could be a part of their investment into the new CoE which is coming on line shortly.

Now, looking and comparing HBG with CB Income/Revenue, HBG on their consolidated income sheet reports Revenue which appears to include the NRL Grant and other football club revenue (marked as "Other Revenue"

Canterbury dont appear to do this on their income sheet.

HBG total Revenue = $87,416,971 (inc NRL and Football Monies)
CBB total Revenue = $98,678,349 (doesnt seem to incl NRL and Football Monies)
 
diedpretty said:
For those wanting to compare Canterbury s input to HBG these are the overall figures from their financial reports :

HBG received $31 mil in football related income which include nrl grant of $19.6 mil and other income such as sponsorship, merch, ticket sales, hospitality totalling $11.4 mil.

Canterbury Leagues receive $37.7 mil which includes nrl grant of $18.2 mil and other income totalling $19.5 mil.


So the reason they are able to provide more funding to the football dept may simply be that they are generating more football related income.
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Precisely. When you are a bigger club you can spend more money.

I spend more money than my next door neighbour becuase I have a better paying job.
 
diedpretty said:
For those wanting to compare Canterbury s input to HBG these are the overall figures from their financial reports :

HBG received $31 mil in football related income which include nrl grant of $19.6 mil and other income such as sponsorship, merch, ticket sales, hospitality totalling $11.4 mil.

Canterbury Leagues receive $37.7 mil which includes nrl grant of $18.2 mil and other income totalling $19.5 mil.


So the reason they are able to provide more funding to the football dept may simply be that they are generating more football related income.
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Any idea why we get a grant of $19.6 and the dogs get $18.2?
 
wstigers11 said:
HBG said themselves we made a profit in their statement sacking the board.
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Lets not forget in FY2025 each NRL club was provided an additional $1.2m grant from the federal govt PNG deal.

FY2026 I understand this reduces to $1m per club, and then the next 3 years a smaller chunk.

In total over 5 years each club will recieve an extra handout totalling $3.5m

Could that $1.2m bonus be why we managed to make a profit? And lets be honest with ourselves, it was Richo who first made claim about this profit. Therefore, if that amount was the reason we made a profit, isnt it disengenious for Richo to have made a statement like that, which hinted perhaps it was as a result of his good management instead?
 
cdinoz007 said:
Lets not forget in FY2025 each NRL club was provided an additional $1.2m grant from the federal govt PNG deal.

FY2026 I understand this reduces to $1m per club, and then the next 3 years a smaller chunk.

In total over 5 years each club will recieve an extra handout totalling $3.5m

Could that $1.2m bonus be why we managed to make a profit? And lets be honest with ourselves, it was Richo who first made claim about this profit. Therefore, if that amount was the reason we made a profit, isnt it disengenious for Richo to have made a statement like that, which hinted perhaps it was as a result of his good management instead?
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As opposed to what, recieve the grant and still run at a loss? HBG made the same statement are they “disingenuious” too? Who cares how the profit was made. The club being in the green is huge to becoming independent from the owners who give us crumbs anyway.
 
Sydney Roosters.

Statement on Page 4 of the Financial Statements of the Easts Group

The Easts Group of Clubs reported a post-tax profit of over $4.7 million in 2024, contributing to a combined profit of more than $53 million across the Easts Group and Sydney Roosters over the past six years. The Football Club has not required financial assistance from the Leagues Club during this time.

It appears that the Roosters are a self sustaining football club. Obviously gate revenues, corporate entertainments and sponsorship plus NRL Grants are sufficient to manage the football operations.

The Leagues club do not seem to consolidate income from the football club operations into their financial report. There is no income line for ticket sales, corporate sponsorship and NRL Grants

Several years ago, Simon Cook, ex CEO of Ashfield stated his wish was to see Wests Tigers be financially viable to operate indpendantly without the financial support of the Leagues club, to allow the leagues club to fund other local community organisations instead.
 
cdinoz007 said:
Sydney Roosters.

Statement on Page 4 of the Financial Statements of the Easts Group

The Easts Group of Clubs reported a post-tax profit of over $4.7 million in 2024, contributing to a combined profit of more than $53 million across the Easts Group and Sydney Roosters over the past six years. The Football Club has not required financial assistance from the Leagues Club during this time.

It appears that the Roosters are a self sustaining football club. Obviously gate revenues, corporate entertainments and sponsorship plus NRL Grants are sufficient to manage the football operations.

The Leagues club do not seem to consolidate income from the football club operations into their financial report. There is no income line for ticket sales, corporate sponsorship and NRL Grants

Several years ago, Simon Cook, ex CEO of Ashfield stated his wish was to see Wests Tigers be financially viable to operate indpendantly without the financial support of the Leagues club, to allow the leagues club to fund other local community organisations instead.
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Richo tried to generate income, and did, and they rissoled him 🤦‍♂️
 
gallagher said:
Any idea why we get a grant of $19.6 and the dogs get $18.2?
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From what I know, (and what I know is apparently up for debate😎) - the NRL issues the grant taking into consideration the junior development programs, and the size of the geographic nursery of each club.

Canterbury has it would seem a smaller number of juniors in its catchment.

I am sure its more complex than that, but that is one reason it was explained to me many years ago.
 
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