Balmain saved from brink of extinction with new leagues club to come

I just wanted to add to my earlier post in that I am very happy for Wests Ashfield to support the Balmain juniors. That’s a great move. My early comments were in relation to the site of the leagues club. That has been plagued with lies, misinformation and bad management from day 1\. I certainly don’t trust anything the council says in this matter. I would hate this to be the undoing of Wests Ashfield.
 
@mike said:
I just wanted to add to my earlier post in that I am very happy for Wests Ashfield to support the Balmain juniors. That’s a great move. My early comments were in relation to the site of the leagues club. That has been plagued with lies, misinformation and bad management from day 1\. I certainly don’t trust anything the council says in this matter. I would hate this to be the undoing of Wests Ashfield.
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I don't know that there is a lot of risk in that regard, they have taken on Balmains debts, I'd assume they can afford to cover that. It really is up to the council and the developers to get the development of the ground, there is no financial risk in that scenario for Ashfield, but there is a big upside if it gets off the ground.
 
@cochise Unfortunately I have heard all that sentiment many times before and it was the undoing of Balmain. Let’s hope you are right and everything goes as it should the site ends up being a great asset.
 
@mike said:
@cochise Unfortunately I have heard all that sentiment many times before and it was the undoing of Balmain. Let’s hope you are right and everything goes as it should the site ends up being a great asset.
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Apart from paying Balmains debts, and looking after the juniors, what are they risking?
 
@cochise. I don’t know but I’ve heard the mantra of low risk many times and there always seems to be something that pops up over that site that was never divulged until it was too late. As I said I hope you are right. Time will tell.
 
@mike said:
@cochise. I don’t know but I’ve heard the mantra of low risk many times and there always seems to be something that pops up over that site that was never divulged until it was too late. As I said I hope you are right. Time will tell.
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Balmain's biggest trouble came from vacating the site and losing their primary source of income, that is not an issue for Ashfield. If the new club doesn't get off the ground it will have no impact on Ashfield's current operation.
 
Well done Wests. A untied front.
 
Usually go to wenty leagues since it's just down the road from me to watch our games. Will definitely be going to Wests Ashfield from now on.
 
Balmain leagues did hold a very special gaming licence with potential for casino games. Roulette etc. Not sure if that's still in place.
I remember going to a meeting before it closed down and that's what kept the value of the prized site.
They held the licence long before there was even a casino in Sydney.
 
I suppose this would mean they now run the two previously operational Tigers clubs? Or were they closed with the administration never to return?
 
@Cultured_Bogan said:
I suppose this would mean they now run the two previously operational Tigers clubs? Or were they closed with the administration never to return?
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Five Dock was closed by the Administrator, Flemington, which is making money, will now be run by Wests Ashfield.
 
Well as a Balmain Boy, who joined the Ashfield club to show solidarity, I salute them. They didn't have to do it and I don't care if their motive is simply a business case that is doable, it helps keep the name alive and I for one are grateful.
 
Thx to leadership of Wests Ashfield.

Your generational approach to strategy and decisions of late are sucuring the future of our great joint venture.

Imagine fellow tragics in a few years when we have a bevy of leagues clubs across sydney supporting the community and our football club.

Thanks
 
@gallagher said:
That’s fantastic!!!
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Looks like Wests moved sooner than required …the best news from this is the taking over of Balmain's debt to the NRL..

Funding Balmain Juniors is also a massive plus...Wests Tigers aren't going anywhere..
 
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