cochise
Well-known member
Because they are also HBG members, the concern is that members who are closer aligned to APIA than the Magpies have greater influence and numbers.
It's time to take the fight back to HBG
- Thread starter balmain boy
- Start date
LukeyTuiaki
Well-known member
Honestly, the tales from this little leagues clubs and its 3 pokie dens is just ludicrous. I just want a successful football club. I really hope the NRL steps in and takes control of the club and reinstates the Crawford Barnier report recommmendations in full.
I come from a long line of magpie fans, always had a soft spot for the tigs… I love the club and just want success. I know full well that will never happen while HBG has anything to do with the club. Shame on all the faction side takers. You are the problem.
cochise
Well-known member
Agreed mate.
No one born after the Vietnam war .
That’s because “wests” are funded by wests Campbelltown , and as a leagues club , what possible juniors are they to fund if not Balmain . It was part of the negotiations when wests bought the shares off Balmain to own wests tigers . It’s not some charity . It’s those ethical responsibility as the wests tigers majority owners to take care of the wests tigers junior base of which just so happens to be Balmain.
….. lol huh ? That’s a joke yea ?
The only reason they’re back is a cynical attempt to have a supporter base on the east coast to drive eyeballs and viewership when their games are played , as it’s all but guaranteed no matter how successful they are they won’t have anywhere near a respectable market share re. Viewership numbers on the west coast because west coast and Fremantle >>>>>>>>>>>>>> probably the bears >> force.
The nrl needs to force a sale . Private ownership 49%, 40% to wests - ctown - 11% Balmain. .
The move into football by HBG/apia . Is fine . If the intent is an eventual A league team . Just invest in the round ball and whatever . It better fits everything these guys are about anyway .
Sell the 49% off to the fanbase ala GB packers , with limits on shares per person in the original sale to stop someone doing a hostile takeover , and give the the club back to the fans.
So Apia sold out to Wests Ashfield in return for some debenture seats?
Who is concerned and who got the best deal out of this?
Sounds like HB outsmarted themselves
Is this what our esteemed owners bought into?
I get more confused by all this garbage with every twist n turn
Who is concerned and who got the best deal out of this?
Sounds like HB outsmarted themselves
Is this what our esteemed owners bought into?
I get more confused by all this garbage with every twist n turn
wstigers11
Well-known member
Didn’t even notice that
Leck
Well-known member
There is an interesting disclosure on page 36 when you compare it to their numbers. My generation are not interested in wasting money in a rigged gambling machine, and when you compare it to the last 10 years, their profits are dwindling.
Intangible assets
Impairment of poker machine entitlements is recognised based on a value in use calculations and is measured at the present value of the estimated future cash inflows available to the consolidated entity from the use of these licenses. In determining the present value of the cash inflows, growth rates and appropriate discount factors have been considered.
wstigers11
Well-known member
The reason for investing in other things?
They’ve never had a strategic plan in place to future proof WTs with cashflow or assets which is why we operate broke, wouldn’t suprise me if they’ve done the same to HBG & now need to pivot
Leck
Well-known member
I understand that businesses should diversify. However, when your greatest asset is the success of an NRL club, which can generate greater profits, you should focus on that rather than APIA and football.
Whilst APIA did well this year, they will never move forward or make it into the A-League, so it is a wasted investment.
Unfortunately, there are a few debenture members living in the past who are focusing on the wrong team.
wstigers11
Well-known member
100%
cochise
Well-known member
Some people (Stamo) and others are worried that they will.
Is that good or bad?
Tom Shines
Well-known member
Nothing on X about this Apia thing ..,
Maybe the writing is on the wall for the debenture thing after all …?
Maybe the writing is on the wall for the debenture thing after all …?
rihannafan1
Well-known member
I don't think Australian soccer is the worst investment atm, at least if you are looking for undervalued assets. It is a sleeping giant that has been mismanaged for a long time, a lot like WT.
