Balmain sell part of WT??

[Abraham]

Fair enough…

I've raised it before and I still think it is worth exploring.

Why don't Balmain look at a merger (not a JV but an actual merger) with Ryde Eastwood to shore up their finances for the future?

It would boost Ryde Eastwood's turnover immeasurably, especially if they re-branded the club 'Tigers' (which a merger rather than a JV would deem necessary), giving them part ownership of an NRL franchise, while the upshot for Balmain is they have a secure source of funding without losing their equity within the Wests Tigers.

I don't think their is anything constitutionally blocking it, and their formers alliance at NSW Cup Level means they have a working relationship from which to build on.

 

[Black_n_White]

Abraham, if you were Ryde eastwood would you merge your business with another that has an $11m + debt hanging over it's head with absolutely no way of rectifying it?

That's just poor business.

 

[Fraze23]

I'm curious as to what level of responsibility the fomer labor government holds over Balmain's financial woes.
Were they not the reason the club had to evict the premises in order to build the metro rail link in the first place?

 

[Yossarian]

I may be wrong but as I understand it Balmain Leagues Club has the debt rather than the Football Club. I believe they are 2 different things (I'm a member of the Football Club but I don't think I am a financial leagues club member). Someone like Kul might be better placed to comment on this.

 

[diedpretty]

Why delete it?
Is this forum not an open forum?
I tell you what this forum is.
The laughing stock on all other forums! Everyone bags this forum and it's prehistoric users out.

Fighting over [automatically edited] colours is a joke!

_Posted using RoarFEED 2013_

I believe he deleted it because the Roarfeed app has a bug where a multiple quote post becomes almost completely unreadable.

But feel free to miss that point entirely

No, I didn't miss the point. How would anyone using Roar Feed even know that?

Maybe a friendly reply letting me know would have been appropriate. No need to delete comments so abruptly.

Stick your clicky little forum though.

_Posted using RoarFEED 2013_

Seems as though you still haven't grasped the point. I'd quit while i was behind if i were you

I think he has thankfully.

 

[Yossarian]

So what do the terrific 10 on the board do for a crust ??

I wouldn't know half of the them if I kicked them in the head (I meant to say tripped over them )

Might be able to crack out a joke about them

To be fair a lot of them are reasonable people who've spent a lot of years of service - the issue is that the board model they're a part of doesn't work in this day and age. I can only really comment on the Balmain people.

Leslie Glen is a surgeon
Dave Trodden is a lawyer
Steve Lavers and Danny Stapleton are ex-players. Not sure what they've done off field.

Who else is on the WT board? Dawn quit didn't she? Sironen? Nick Di Girolamo?

 

[Snake]

I do know that the building at Flemington is up for sale for development, I would suppose Balmain are tenants just a guess, So where does that leave Balmain again. Members will have to ask questions soon about the future of the Balmain club at least financially . There is a lot of chatter around in the media so things could be ominous .

 

[Abraham]

Abraham, if you were Ryde eastwood would you merge your business with another that has an $11m + debt hanging over it's head with absolutely no way of rectifying it?

That's just poor business.

First you have to confirm for me that it is the Football Club that has the $11m debt, because i am pretty sure that is a Leagues Club debt.

The two are separate entities.

That being the case u would assume BTRLFC is debt free, and only future financial obligations to the Wests Tigers would need to be met. If anybody could confirm the above, then we could set the record straight.

That being the case, I could only assume it would be a very good business ptoposition for the Hawks (or the Entrance Tigers, or any other cashed up club that could be suitable).

 

[Abraham]

I may be wrong but as I understand it Balmain Leagues Club has the debt rather than the Football Club. I believe they are 2 different things (I'm a member of the Football Club but I don't think I am a financial leagues club member). Someone like Kul might be better placed to comment on this.

You beat me to it!

Pretty sure we are right, and the debt issue is the League's Clubs.

 

[Black_n_White]

Then I dont understand your proposition Abraham?

What is in it for Ryde Eastwood to merge RLFC's with Balmain? To call themselves "Ryde Eastwood Tigers"? They would only serve to gain a financial obligation to the Wests Tigers, otherwise they could easily apply for change of branding through other channels to achieve the same thing minus the overheads. If you are suggesting merge with Ryde to become "Balmain Tigers" by brand, then there is the issue of Leagues club branding and licencing, because if as Yossarian pointed out they are seperate entities the Leagues Club and RLFC then that branding is already sold. Do you think the Leagues Club would hand it over seeing as its their only bartering chip whilst crippled by debt? That is if they could somehow swing Ryde Eastwood Leagues to cash in identity and flick a few dollars around to help with WT financials… Long shots to say the least.

Im not taking pot shots... Balmain, all parties are in it deep at present it seems. They have to be very shrewd with the decisions they make from here on out. Being unable to secure finances they are contractually obligated to has put them in a position I fear will make them have to undersell themselves to stay afloat.

 

[Abraham]

Have confirmed that although the BTFC and BTLC prepare consolidated financial statements, they are separate legal entities. As at 31 October 2012 the FC is in a positive net asset position and trades at a small profit.

The Leagues Club has Net Liabilities of $6m.

So we can confirm that the debt is the Leagues Club's, while the Football club has no such financial issues.

To answer black'n'whites query about what's in it for Ryde-Eastwood, well the opportunity to be part owners of an NRL franchise is a pretty big carrot to dangle in front of any Football Club. Assuming guarantees about WT corporate governance can be provided, financial obligations toward the JV should diminish over time. That's not a bad offer to put on the table to any cashed up club.

 

[Black_n_White]

I still think you are missing my point… Ryde would gain a partner, and what a percentage of Balmains stake in the WT, only to have to pay the full ticket price... Its not all that appealing. Hope they can swing it, because in the short term these sorts of WT coffer top-ups will continue to be needed. This is the second installment this year alone.

 

[Abraham]

I still think you are missing my point… Ryde would gain a partner, and what a percentage of Balmains stake in the WT, only to have to pay the full ticket price... Its not all that appealing. Hope they can swing it, because in the short term these sorts of WT coffer top-ups will continue to be needed. This is the second installment this year alone.

Mate I'm just throwing it out there.

Ryde-Eastwood is a football club, and like all football clubs i am sure they want to reach the top of the tree, which is the NRL.

Sure, they would have a financial obligation to top up the JV in the short term, but I am sure they would also reap huge financial gains through membership and patronage of their licensed club.

Remember they were happy to join as NSW cup partners and fund the side to an extent, I'm sure they wouldn't have done that if they had nothing to gain.

The same logic can be applied to a club like The Entrance Tigers, which would also have the benefit of the WT extending into the Central Coast, which is ripe for the picking.

It may be a dud idea, but then again it may not be. Like I said, just throwing it up for discussion.

 

[system]

Everyone is asking.. wheres harry

People should start asking.. WHERE's Benny the so called Balmain great? the club gave him everything, in return he destroyed the Balmain Tigers with his greed..

I've always said that bloke is nothing but a crook…

Yeah where is [This word has been automatically removed]in Benny???
I want an explanation from him on the tigers side security??? If tigers side disappears he will be a eanted man

_Posted using RoarFEED 2013_

 

[system]

Its 13 years later mate just get over it.

So suggesting the club moves further away from the remnants of Balmain and the Magpies to further develop the brand of Wests Tigers is bad?

No I think the point Southern Tiger is making was in reference to "the association between Balmain and the Wests Tigers brand and identity is reduced to the same level as the Magpies."

What a rubbish statement to make!

**Since when has the Balmain side ever had more 'identity' than the Magpies?** We are, after all, the WESTS Tigers. Combined name, colours, home grounds, regions, and a completely new logo.

I think people just get fed up of hearing this trash all the time.

The colours for starters

Your the biggest wanker with no life on this site without the colours or tiger do you think you will last??? Sorry every second kid chooses the tiger or dog i dont think these days a black and white magpie would go far…,
Idiot

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[Magpie_Magic]

There are lots of people talking in tongues here.
Black

Gold

White

They are our colours in roughly equal share.

When I go to Wests Ashfield to buy gear and I see orange and many items in only black and gold with tigrrs written on them how are we moving forward as the Wests Tigers then

 

[tigerbalm]

Success brings fans. Emblems mean squat.

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[Magpie_Magic]

Success brings fans. Emblems mean squat.

_Posted using RoarFEED 2013_

Well since emblems mean squat why not make a few adjs.

 

[Demonborger]


I think black and white looks better with all three colours. Yellowish gold is better than that awful blood orange…


Wonder how it would look if our logo was like that but with a Tiger and Magpie instead of a Lion and Eagle. Ok maybe it is too sophisticated and maybe the kiddies would prefer a ridiculous head and paws motif instead. But all that stuff is petty detail in comparison to onfield success and financial stability.

 

[wtfl1981]

Saying it consistently here for years…

Collingwood Magpies are the most followed football team in Australia... Magpie does not damage their brand or tradition.

Anyway, Why are people bringing emblem up??

WT will NOT be reverting to wests magpies...

What the article is referring to is Balmain FC considering selling their share to a private entity.. Essential for WT as they are $11m in debt and they cannot contribute financially to WT. They can still contribute from a football perspective (juniors).

'Balancing the WT image' is ensuring WT is NOT perceived or portrayed as a re-badged Balmain but equally preserves the legacy of both 1908 clubs.

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