What revenue was Richo trying to generate that we dont know? Can you provide evidence? or is this just heresay?
HBG, Independent Directors Sacked
- Thread starter BlackWhiteGold
- Start date
gallagher
Well-known member
Chooks are a smart club. We are not. Bottom line for me is the clubs that play at the major stadia will always generate more money than us. We choose to do little about that.
Anyway ,I think you have blown apart this theory that our owners underfund the football club compared to all the other clubs.
wstigers11
Well-known member
Corporates, membership, merchandise and crowds were all up. We didn’t make a profit by accident?
See my comment above.
In FY25 the football club was granted a bonus $1.2 million from the NRL as a result of the Federal Govt funding the PNG Franchise.
Ironically in that same year, we announced we had made a profit.
Thing is, we will never know the root cause becuase the football club being a 90% owned entity publish a consolidated P&L under the Holman Barnes Group.
All Richo and anyone from HGB should say is "we have had a record year when it comes to corporate revenue, ticket sales and sponsorship" The profit thing is a silly thing to try to say, from anyones mouth.
We dont know FY25 figures yet as HBG publish those around late Feb early March normally. But here is the last 4 years numbers which have been extracted from the HBG annual reports:
Sponsorsip dipped a couple of hundred '000 between 23 and 24, but ticketing has grown nicely as does the corporate hospitality.
Anecdotely, we know that playing games at both Leichhardt and Campbletown offers us a lower income potential than playing at Commbank.
The irony of course is most fans hate us playing at Commbank, but financially its much better.
hank37w
Well-known member
Hasn't Nick Politis been investing money in properties over the years to generate income for the Roosters so that they are financially independent and remain so well into the future when he is no longer around?
We could of had Arthur Laundy an old Tigers man from way back, you are correct, we are not a smart club.
gallagher
Well-known member
Nick wasnt using his money, but.he got the club in the right direction of investing though. They are light years ahead of us.
How could he be worse?
He either was directly responsible for the bullying and harrasment and deliquency at Opal Care, or he oversaw a business which was bullying, harrased residents and didnt provide the duty of care, which he was end of the day responsible for.
You want that kind of a person involved? The protesting group keep banging on about the governance of the HBG. You dont think his Governance and oversight at Opal was worse?
See my previous post for a breakdown from the Sharkies income statements:
No line entry for the amount of monies that the Sharks leagues club subsidise into the football club. At least HB offer a level of transparency on where their monies go.
Wests Tigers generate similar sponsorship and corporate revenue than the Sharks, but WTs generate about 20% more in ticketing than the Sharks.
What people do you want involved?
He is one person. Instead of focussing on him tell us which people who have been eligible to make decisions on behalf of this club deserve to be retained under the governance that is currently in place?
I think.i read once the entire block.of retail where easts leagues sits in Bondi Jn is owned by their club
No "Nick Politis" hasnt been investing money in propeties to generate income for the Roosters.
The Easts Leagues club has been investing money in property to ensure Easts Leagues Club remains financially viable.
The statement on the Easts Leagues Club makes it plain. Roosters are self sufficient. This suggests Corporate Hospitality, Ticketing Sales and Sponsorships adequately cover the costs of running the football club.
Roosters as an football club entity from what can be seen from the Easts financial statements dont own property.
Dont forget, the legal entity that is the Roosters owns Easts Leagues Club.
Honestly? There is nothing wrong with the current board members at HBG that I can see makes cause for anyone to demand they resign.
Lets ignore the "Dennis" story for a moment:
Francesco Primerano - Lawyer and Businessman
Stephen Montgomery - Lawyer and Barrister
Vince Tropiana - ex Ford Motor Company (I know plenty from the industry who know and worked with Vince and he apparently was well respected in the motor industry)
Mick Liubinskas - Ex Magpies enforcer, Businessman (IT industry). Havent met a more honest and direct bloke as Mick. Have known Mick about 20 years.
Rick Yabsley - Chartered Accountant. Honest hard working guy from what I have been told about him
Peter Di Michiel - Wests Magpies club doctor. Medic and General Practictioner
Now, lets go back to Denis. Yes, I read the nonsense about looking at young ladies on Instagram. I have known Dennis some 20 years or so. He is a music guy and that is who he is. Does he like the ladies? Yeah he does. He is off that generation of old rockers who arent scared to tell a pretty girl she is pretty (and apparently that offends some people). And he has always been a passionate Magpies supporter. Yes, in his perfect world, I think he would like to see the Maggies back in the NRL, but he also knows that that is also pipe dream.
I dont see any of these blokes being poor for the leagues club. Would it be good to see a female somewhere on the board? Yeah, of course. But I also dont wanna see a woman appointed just becuase she is a she for DEI reasons.
I have no issue supporting these guys to get the leagues club functioning. Certainly I know at least one of them was very proactive in trying to stop the culture of bullying at the leagues club... which was very much covered up and that cover up was facilitated by TA and RW.
Rock Hopper Steve
Well-known member
Isn't he nominated as interim, what's your worry, my only hope is the debenture system gets the arse, a board put together by that dinosaur system has resulted in shit decisions for years by people who just aren't suited to such important football club matters.
Yeh its hard to consolidate they way ashfield treated a WT board of that calibre.
I like ladies too
....becuase a Balmain board voted in by its members did such a stellar job keeping the doors open.
How about stop buying into the nonsense that it was the Debenture System which was causing all these issues. Is a total red herring.
its ironic that the 2x board members who caused most of the damage were voted from the floor and were NOT debenture holders.
Remember Parramatta and their boardroom issues? Voted in by the members.
Rock Hopper Steve
Well-known member
2 members hardly forms a majority, no one here has any interest with your deflecting to the past what happened before Christmas is what we are concerned about and don't want to happen again.
You don't see how stupid those decisions were, hello take off your rose-coloured glasses.
tigertragic
Well-known member
And this outstanding HBG board have proven over a number of years that they are incapable of running a football club.
hank37w
Well-known member
Okay, maybe the money hasn't come out of Nick's pocket but it has all occurred under the years of his guidance and chairmanship all beginning with his original sponsorship of the club back in the City Ford days.
The board also has directors the calibre of Mark Bouris who are responsible for the financial success of the Roosters through their guidance and stewardship, and as you have alluded, these directors oversee both the Sydney Roosters NRL team and the Easts Group which includes Easts Leagues Club and related entities.
What they have achieved has guaranteed the future financial security of the Roosters which is more than can be said for Wests Ashfield, Holman Barnes Group or whatever iteration of the board you could care to put forward who have done nothing other than blow up and obstruct any glimmers of success or positive progress that begin to emerge.
They have done nothing other than cause West Tigers to be constantly in the media for all the wrong reasons and cause constant set backs.
When Easts won the comp in the first season with our exit fullback there was a few articles about how the roosters had invested in property over the previous few years. About 60million value back then. Was what was going to finance the club. Remember it because I realized some teams are working at a different level.
Nick has moved them into the property market.
