MacDougall
New member
I might be paranoid but 2 years for Balmain to repay debt is awfully coincidental.
2016 is earmarked as the year we introduce expansion teams. Nothing I've read anywhere indicates Balmain are likely to be able to pay back the debt so at the end of next year if nothing changes we're going to have the license revert to Western Suburbs who have stakeholders who are remiss to really involve themselves with the Wests Tigers project anyway, and without Balmain or the ARLC to share the cash leak that is the WT will have even more trouble coming to terms with wholly pushing the Tigers brand forward.
There's going to be some turmoil. So what better time to sell the license back to the NRL and let the NRL sell the license on to an upstart club so they get another expansion club and reduce the number of Sydney teams all in one fell swoop.
It all just adds up too much. The Panthers drop Penrith from their name due to supposedly having their eye on becoming the Greater Western Sydney side. Balmain are given an arbitrary amount of time to repay debt that happens to coincide with expansion despite there being no realistic way for them to turn a profit. The wealthier leagues clubs involved with Wests are stand offish to begin with so how can we expect them to take up 100% financial ownership of a brand that will likely be run ragged by the off field drama that occurs as a result of it.
I've got this sinking feeling you guys.
2016 is earmarked as the year we introduce expansion teams. Nothing I've read anywhere indicates Balmain are likely to be able to pay back the debt so at the end of next year if nothing changes we're going to have the license revert to Western Suburbs who have stakeholders who are remiss to really involve themselves with the Wests Tigers project anyway, and without Balmain or the ARLC to share the cash leak that is the WT will have even more trouble coming to terms with wholly pushing the Tigers brand forward.
There's going to be some turmoil. So what better time to sell the license back to the NRL and let the NRL sell the license on to an upstart club so they get another expansion club and reduce the number of Sydney teams all in one fell swoop.
It all just adds up too much. The Panthers drop Penrith from their name due to supposedly having their eye on becoming the Greater Western Sydney side. Balmain are given an arbitrary amount of time to repay debt that happens to coincide with expansion despite there being no realistic way for them to turn a profit. The wealthier leagues clubs involved with Wests are stand offish to begin with so how can we expect them to take up 100% financial ownership of a brand that will likely be run ragged by the off field drama that occurs as a result of it.
I've got this sinking feeling you guys.