CEO

[tigerbalm]

I did a bit a look over the 2020 reports and it’s not great like everyone makes out. In fact some areas ( game day revenue , merch) has done down.

Hahaha imagine that, game-day revenues down in 2020. Across the entire NRL as well!

The report wests released for 2016 -2020 was in Feb 2020. Well before the pandemic hit the game.

 

[Aceshigh]

Do people think if we played out of one home venue that this team would be more stable and better performed 😂😂😂

 

[avocadoontoast]

I did a bit a look over the 2020 reports and it’s not great like everyone makes out. In fact some areas ( game day revenue , merch) has done down.

Hahaha imagine that, game-day revenues down in 2020. Across the entire NRL as well!

The report wests released for 2016 -2020 was in Feb 2020. Well before the pandemic hit the game.

Where can I find a copy of that tigerbalm? I'd be very interested to read it.

 

[tigerbalm]

Do people think if we played out of one home venue that this team would be more stable and better performed 😂😂😂

Results would be the same but the club would make more money!!!

Mr. Pascoe says it best below:

"*We have seen heavy fluctuations in the gross revenue and net income from game day due to changes in agreements ***and stadia locations since 2016***. These results are heavily impacted on the time of game, location, opposition and also weather — a lot of which is obviously out of our control."*


So, If the club can have one home ground. Against a local team. On a sunny day. At 4pm on a Sunday everything will be sweet.

 

[tigerbalm]

I did a bit a look over the 2020 reports and it’s not great like everyone makes out. In fact some areas ( game day revenue , merch) has done down.

Hahaha imagine that, game-day revenues down in 2020. Across the entire NRL as well!

The report wests released for 2016 -2020 was in Feb 2020. Well before the pandemic hit the game.

Where can I find a copy of that tigerbalm? I'd be very interested to read it.

https://www.weststigers.com.au/news/2020/02/02/ceo-update-january-2020/

 

[avocadoontoast]

I did a bit a look over the 2020 reports and it’s not great like everyone makes out. In fact some areas ( game day revenue , merch) has done down.

Hahaha imagine that, game-day revenues down in 2020. Across the entire NRL as well!

The report wests released for 2016 -2020 was in Feb 2020. Well before the pandemic hit the game.

Where can I find a copy of that tigerbalm? I'd be very interested to read it.

https://www.weststigers.com.au/news/2020/02/02/ceo-update-january-2020/

Thanks!

 

[yeahcaz]

Starting to see a lot more articles and reports aimed at the higher ups of the club. Too bad he doesn’t give a rats so i will just continue to tag him in every tweet until I get blocked.

 

[tigerbalm]

Starting to see a lot more articles and reports aimed at the higher ups of the club. Too bad he doesn’t give a rats so i will just continue to tag him in every tweet until I get blocked.

just water off a ducks back.

 

[Russell]

There was a time once when a CEO could run his or her company into the ground and survive-they were virtually bulletproof. That hasn't been the case for a number of years. Whilst we are a lot better off financially than we were and getting the COE was a significant achievement, we seem to be perceived as a basket case and career killer by many of the players we need to recruit to improve our roster. Hopefully Sheens arrival will precipitate a serious review of all parts of the organisation including the club's senior management.

We are better off financially, partly because we play at five home grounds. That is unsustainable.

Why? I just don't see the issues that a few here make of multiple home grounds? We are a JV club. Have the players mentioned it? They would simply hop on the bus and go play where they are told?
Our main problem IMO, is that some of the players we have, just aren't up to standard, changing them quickly can't happen due to contracts.

The Weststigers are no longer a joint venture they are owned by one entity … they should be playing out of one entity not 6 .
The sooner these facts sink in the better the club will be ,
The word WAS should be pencilled in before Joint venture .

You are incorrect again - you have said this before. Just so you don't say it incorrectly again.

Ownership structure
As at 08 Oct 2020:

**Wests Magpies Pty Ltd** (ACN:089 921 166) own 4,000,080 of the Class A shares and 5,000,100 of the class B shares **(90% of all shares)**
**Balmain Tigers Rugby League Football Club Ltd** (ACN 002 592 949) own 1,000,020 of the Class A shares **(10% of all shares)**
Wests Magpies Pty Ltd is a jointly owned legal entity:

2 shares are held by Western Suburbs Leagues Club Limited (aka Wests Ashfield Leagues Club)
1 share is held by Western Suburbs District Rugby League Football Club Ltd (aka the Wests Magpies)
Note 1: WSDRLFC is a controlled entity of Wests Ashfield Leagues Club.

Just to be clear Snake - that is a **"JOINT VENTURE"**

 

[avocadoontoast]

So we made a loss in 2016 and 2017 and then an absolutely tiny profit in 2018 due to a significant increase in other income, which is largely from grants, donations and money from the Wests Tigers Foundation (also contributions from members and fans). Then in 2019 we made a loss even though "other income" increased again.

Basically, the only reason we made a tiny profit was due to donations and grants. Take those out, and we have never turned a profit. Is that right?

 

[momo_amp_medo]

So we made a loss in 2016 and 2017 and then an absolutely tiny profit in 2018 due to a significant increase in other income, which is largely from grants, donations and money from the Wests Tigers Foundation (also contributions from members and fans). Then in 2019 we made a loss even though "other income" increased again.

Basically, the only reason we made a tiny profit was due to donations and grants. Take those out, and we have never turned a profit. Is that right?

These are thought times ….. so get used to it.
Every club and organisation is doing it tough.
Very few NRL clubs show a profit. NRL Central is the Bank and bookkeeper.

 

[avocadoontoast]

So we made a loss in 2016 and 2017 and then an absolutely tiny profit in 2018 due to a significant increase in other income, which is largely from grants, donations and money from the Wests Tigers Foundation (also contributions from members and fans). Then in 2019 we made a loss even though "other income" increased again.

Basically, the only reason we made a tiny profit was due to donations and grants. Take those out, and we have never turned a profit. Is that right?

These are thought times ….. so get used to it.
Every club and organisation is doing it tough.
Very few NRL clubs show a profit. NRL Central is the Bank and bookkeeper.

I'm referring to 2016, 2017, 2018, 2019. Time and time again the WT administration gets a free pass due to their excellent off field commercial performance. But it seems like all improvement is driven by donations and grants? Am I wrong?

 

[tigerbalm]

So we made a loss in 2016 and 2017 and then an absolutely tiny profit in 2018 due to a significant increase in other income, which is largely from grants, donations and money from the Wests Tigers Foundation (also contributions from members and fans). Then in 2019 we made a loss even though "other income" increased again.

Basically, the only reason we made a tiny profit was due to donations and grants. Take those out, and we have never turned a profit. Is that right?

These are thought times ….. so get used to it.
Every club and organisation is doing it tough.
Very few NRL clubs show a profit. NRL Central is the Bank and bookkeeper.

I'm referring to 2016, 2017, 2018, 2019. Time and time again the WT administration gets a free pass due to their excellent off field commercial performance. But it seems like all improvement is driven by donations and grants? Am I wrong?

!!!!!!!!!! Thank you!!!!!!!!!!!

All I kept reading here was it's not Pascoe's fault the club is shit on the field, off the field the club is a doing great....Not sure if the blokes sprouting this have actually looked into it or are just regurgitating statements they read on the forum.

I like this forum and genuinely think we all want the same results for the club but confirmation bias does not help anyone. The club has gone backwards under Pascoe both on and off the field with no end in site. On top of that, he screwed up Robbie Gate, has been at the helm for some of the most insane signings that have destroyed the clubs cap. No closer to a home ground solution.. the list goes on. I know COE...Awesome. Are we sure that wouldn't have happened any ways? and what good is a COE that is filled with Plodders.

The guy has to step down. Even if's tokenistic by the club. A statement must be made that the organisation expects excellence and and is actively pursuing this.

 

[GarryOwen]

Profit itself isn't important.
As you can see on the aesthetically pleasing graphs on that link, the various revenue streams have increased, which has given us the ability to extend spending on football operations (which has famously been thrifty in the past).
It's all a bit simplistic, understandably I suppose, but that's the ultimate goal on that side. Make more money so we can spend more money.

 

[mike]

Do people think if we played out of one home venue that this team would be more stable and better performed ???


Results would be the same but the club would make more money!!!

Mr. Pascoe says it best below:

"*We have seen heavy fluctuations in the gross revenue and net income from game day due to changes in agreements ***and stadia locations since 2016***. These results are heavily impacted on the time of game, location, opposition and also weather — a lot of which is obviously out of our control."*


So, If the club can have one home ground. Against a local team. On a sunny day. At 4pm on a Sunday everything will be sweet.

Or the new SFS where everyone is under cover, more predictable incomes should be possible. .

 

[avocadoontoast]

Profit itself isn't important.
As you can see on the aesthetically pleasing graphs on that link, the various revenue streams have increased, which has given us the ability to extend spending on football operations (which has famously been thrifty in the past).
It's all a bit simplistic, understandably I suppose, but that's the ultimate goal on that side. Make more money so we can spend more money.

Predominantly due to "other income", which is donations and grants.

 

[GarryOwen]

Profit itself isn't important.
As you can see on the aesthetically pleasing graphs on that link, the various revenue streams have increased, which has given us the ability to extend spending on football operations (which has famously been thrifty in the past).
It's all a bit simplistic, understandably I suppose, but that's the ultimate goal on that side. Make more money so we can spend more money.

Predominantly due to "other income", which is donations and grants.

These are pretty common within Australian sporting clubs (at least AFL and NRL) aren't they?
Either way, I'm not defending Pascoe (far from it), but just pointing out that 'profit' isn't a realistic proposition for a professional sporting organisation.

 

[Furious1]

There was a time once when a CEO could run his or her company into the ground and survive-they were virtually bulletproof. That hasn't been the case for a number of years. Whilst we are a lot better off financially than we were and getting the COE was a significant achievement, we seem to be perceived as a basket case and career killer by many of the players we need to recruit to improve our roster. Hopefully Sheens arrival will precipitate a serious review of all parts of the organisation including the club's senior management.

We are better off financially, partly because we play at five home grounds. That is unsustainable.

Why? I just don't see the issues that a few here make of multiple home grounds? We are a JV club. Have the players mentioned it? They would simply hop on the bus and go play where they are told?
Our main problem IMO, is that some of the players we have, just aren't up to standard, changing them quickly can't happen due to contracts.

The Weststigers are no longer a joint venture they are owned by one entity … they should be playing out of one entity not 6 .
The sooner these facts sink in the better the club will be ,
The word WAS should be pencilled in before Joint venture .

You know what I mean, the club was born from two clubs and it is still managed by both clubs, which makes it a JV. Agree more Magpies then Balmain, but will hopefully change, with the Rozelle site coming on?
Don't try and erase history to suit a silly argument.
**Can you name one player who is quoted as saying they have problems with multiple home grounds?**

[/QUOTE]

None that say it publicly, but our CEO did back in 2015. It was supposed to be one of his main priorities.

"But one thing I will say unequivocally is that there needs to be one defined home to complement the one defined brand of the Wests Tigers"

Justin Pascoe, Sept '15

 

[Joel Helmes]

The only reason we make a profit, or get close to breaking even, is because of the generosity of a certain property developer who continues to provide support.

 

[avocadoontoast]

Profit itself isn't important.
As you can see on the aesthetically pleasing graphs on that link, the various revenue streams have increased, which has given us the ability to extend spending on football operations (which has famously been thrifty in the past).
It's all a bit simplistic, understandably I suppose, but that's the ultimate goal on that side. Make more money so we can spend more money.

Predominantly due to "other income", which is donations and grants.

These are pretty common within Australian sporting clubs (at least AFL and NRL) aren't they?
Either way, I'm not defending Pascoe (far from it), but just pointing out that 'profit' isn't a realistic proposition for a professional sporting organisation.

The point I’m making is that the reason we are ‘commercially sound’ off the field is due to grants and donations, not great management.