Balmain set to retain stake in Wests Tigers as deadline extended

[hammertime]

Do people not remember how bad the leagues clubs were at running the show? Finally, we got some independents on the board, the ship started righting itself and now we're removing it again!!

I disagree with these comments.

The issue for Wests Tigers was not that "leagues clubs" were running the show, but rather the relationship between the stakeholders, two of which _happened to be leagues clubs_, had deteriorated to a point such that the board was stuck in a permanent impasse and could not move forward.

Agreed, football clubs (ie: WSRLFC), should not be running multi million dollar businesses. However, I think leagues clubs do know a thing or two about running a business.

You are kidding right? Do you remember what the clubs were like pre merge? Full of success right? Even without the joint ownership, you can get factions wadding in. Parramatta?

Or Maybe take a drive down Victoria rd to see what they those highly skilled Balmain directors have done to their business. They certainly do know how to run something….. Into the ground.

Then flick over to Wests directors page. Some have some great skills, but you only need to look at the weatherman chairman to know that there are no checks and balances on skillets like with the independents.

I'm telling you, this is a massive moment. I don't think everyone is grasping how backwards we are going here and it's not something that will ever be reversed.

 

[Snake]

Who needs a Centre of excellence ROCKY only had a slab of meat!

 

[goldcoast_tiger]

Yes I applaud Wests Group if it occurs. As a few others have stated why would you want Wests Group to have 100% control of a team that was a merged entity and risk losing Balmain supporters/sponsors/juniors. It's not like the 25% ownership will be anything other than show, as Wests will have full control and any change they want to make will always be 'passed by a board'. A 10 year 'deadline' is very smart allowing more time for current ex-Balmain sponsors, supporters to lose that connection to the club.

If they ditch Balmain completely what's to stop another club say the Roosters/Souths from stepping in and funding the Balmain junior league. If Balmain is no longer an active member of the Wests Tigers (apart from the token Tiger) I and I would imagine a few others will be lost as supporters as Balmain was my passion. It will be much like what the Super League days did to a lot of old supporters, people just stop following and tune in to Origin and Finals games only.

Wests owning the club 100% will not progress the team in anyway in my opinion! With the impending stadium changes, I could not imagine Wests group would risk alienating more supporters especiallywhen they are already going to have to manage the outcry when Campbelltown and Leichhardt are left with 1-2 games per year starting as early as next year.

Seeing that a lot of the supporters that you say would leave, would probably be the same supporters that say that they'll never support the club if the colours change or the Tiger wasn't the emblem, , why would they leave if the club stayed the same in all aspects except that Balmain didn't have a say in decisions on the Boatd.
Realistically, they'll still have no say anyway under the proposed plan.
Wests will run the show with 5 votes.
I wish things were different, but Balmain is all but finished,and most people know that.
I think that most supporters, even the ex Balmain ones, realise that it's only a matter of time for Balmain, and will see no difference in how the club runs, and will stay with The Tigers

 

[Harvey]

Do people not remember how bad the leagues clubs were at running the show? Finally, we got some independents on the board, the ship started righting itself and now we're removing it again!!

I disagree with these comments.

The issue for Wests Tigers was not that "leagues clubs" were running the show, but rather the relationship between the stakeholders, two of which _happened to be leagues clubs_, had deteriorated to a point such that the board was stuck in a permanent impasse and could not move forward.

Agreed, football clubs (ie: WSRLFC), should not be running multi million dollar businesses. However, I think leagues clubs do know a thing or two about running a business.

You are kidding right? Do you remember what the clubs were like pre merge? Full of success right? Even without the joint ownership, you can get factions wadding in. Parramatta?

Or Maybe take a drive down Victoria rd to see what they those highly skilled Balmain directors have done to their business. They certainly do know how to run something….. Into the ground.

Then flick over to Wests directors page. Some have some great skills, but you only need to look at the weatherman chairman to know that there are no checks and balances on skillets like with the independents.

I'm telling you, this is a massive moment. I don't think everyone is grasping how backwards we are going here and it's not something that will ever be reversed.

Get Benny Elias in to run the club. He is a visionary.

 

[Basil_Tiger]

If only Darcy Byrne actually cared about the Tigers, rather than pretending to be such a big fan.

I've changed my opinion about him the last year or so,he genuinely seems to be trying to get the Leagues Club development underway and he's correct about the DA's submitted,they have been ridiculous and designed to fail.He's also correct about Balmain having to pay market value rent for the new Club premises,if that happens it will mean the Club won't be profitable to any degree for years,if ever.

I've been told Wests are maneuvering to get rid of the independent Directors,particulary Marina "ï'm a celebrity,get me out of this" Go,where all this leaves Balmain interests in the medium/long term will be interesting.

 

[hammertime]

Get Benny Elias in to run the club. He is a visionary.

Ha. That guy certainly needs to stay well away too.

TBH. What we really need to grow is to keep everyone rusted onto either side of the merger to stay well clear. But I know that ain't going to happen. The most we can hope for is that the detrimental impact is reduced as much as possible.

There is still way too much Balmain and Wests chat for 15 years into this…

 

[goldcoast_tiger]

If only Darcy Byrne actually cared about the Tigers, rather than pretending to be such a big fan.

I've changed my opinion about him the last year or so,he genuinely seems to be trying to get the Leagues Club development underway and he's correct about the DA's submitted,they have been ridiculous and designed to fail.He's also correct about Balmain having to pay market value rent for the new Club premises,if that happens it will mean the Club won't be profitable to any degree for years,if ever.

I've been told Wests are maneuvering to get rid of the independent Directors,particulary Marina "ï'm a celebrity,get me out of this" Go,where all this leaves Balmain interests in the medium/long term will be interesting.

Balmains ( and Wests for that matter) interests shouldn't matter.
It's Wests Tigers interests that are all that matters,

 

[Tigervitaly]

you have got to be kidding me
many Balmain supporters will walk now
and I hope the juniors go to the eels
as wests don't have any of note

 

[Harvey]

you have got to be kidding me
many Balmain supporters will walk now
and I hope the juniors go to the eels
as wests don't have any of note

Nope, Only Tedesco, Sue, Lawrence, Nofoaluma at our club plus a load that have been poached by (or allowed to move to) other clubs.

 

[Tigervitaly]

scenario
a man and lady marry she loses her job and has no income
is he a great man to say oh I will give you 25% say in running of
the house now
what a wonderful gesture on his part
wests showing their colors black and white suit them

 

[Harvey]

scenario
a man and lady marry she loses her job and has no income
is he a great man to say oh I will give you 25% say in running of
the house now
what a wonderful gesture on his part
wests showing their colors black and white suit them

But without the income, they can't afford the mortgage, and so there is no house the bank that they borrowed from (the NRL) kicks them both out and sell the house to a chinese investor who has no interest other than renting it out to the highest bidder.

 

[Tigervitaly]

I bet your wife considers herself fortunate sir

 

[cktiger]

I wonder what would happen if old Harry decided to buy the entire club?

 

[Harvey]

I bet your wife considers herself fortunate sir

How do you know that I am not the wife?

 

[Tigervitaly]

hey let bring back tommy what a great idea

 

[Tigervitaly]

I have not met many ladies named Harvey

 

[Tigervitaly]

it so easy to see the wests supporters in this forum
just remember he who has the last laugh lasts longest

 

[Harvey]

I think your scenario is a little bit off what actually happened. Imagine a man and a woman get married and both come into the relationship with a house. They don't want to live in each others house, and so buy a 3rd that will be "their" house. The wife then sells her house without the knowledge of the husband, and invests the profits in a dodgy pyramid scheme that was promoted by a scheming ex, and borrows more money to continue to invest in "their" house. Eventually the house of cards collapses and she can no longer afford to pay her share of "their" house. The husband takes on the debts and pays them off, and continues to invest in their relationship.
The alternative is a messy divorce, where she takes her share of "their" house which doesn't even pay off the debts created by her poor decisions.
I will lay money that the Campbelltown clubs (they also own a tennis club and 2 golf clubs) are turning at least 3 times the profit of the Balmain clubs.

 

[hammertime]

Lets not turn it into a Balmain vs Wests thing. Wests actually have some pretty solid board members at the moment that are assisting in turn the club around with Go and Co.

For the good of our club, we should want these entities in positions where they have checks and balances, but still some strong input into the club for heritage sake.

3 + 2 + 2 is the perfect balance. We spent so long and went through so much pain to get to this point. For god sake, lets keep it.

The only solution is an independent buyout of Balmain.

 

[Harvey]

These are the options:
- wests buy the balmain share, balmain get nothing
- wests don't buy the balmain share, the NRL sells the balmain share to the highest bidder. Balmain's debts to the NRL get settled and the club gets the leftovers which wouldn't be much.

I do not see how this is some evil wests plot, they did not put balmain i this situation, and my understanding is that once on their feet, the opportunity is there for Balmain to regain their 50% of the joint venture. This is just keeping the ownership within the group without allowing the NRL to dictate the outcome.