Could we buy the club

[Lestronge]

I did the maths on this the other day . If you put 100k shares for 51% of the club even at an inflated price of say 60mil , that’s just over 30 mil . It works out to about 310 dollars per share .
At that price with that amount of volume , you would have a massive uptake . You limit the initial release at 1 per person , no more than 5 per house hold , (to stop someone buying a bulk of the shares and gaining a monopoly. If you struggle to sell them , then obviously re- release to those who want to buy more , it at 310 dollars seriously that’s a Christmas present to Mum/ dad/son/daughter/hubby/wife .
For me that would and could be the answer have the constitution of the ownership group have a 51% share of the club with 2 elected board members , and potentially the Tigers Members ownership group having thier own board .( how that’s funded would be a further matter , but eg. An annual 100 dollar tax deductible fee) , the HBG take a minority share of 10 percent , Balmain 10 percent , wests Cambo buy thier 10% with the option to buy out HBG if they choose. The last 10% could be divided up , maybe given between the 3 former owners of the club equally , sold to a private company or whatever .
That would absolutely work , and I’m positive the club would sell 100k shares at those prices.
I’m positive they could sell the shares at 500 dollars each , and put the excess money on top of the valuation back into the club, do reinvestment in commercial assets to maintain the viability of the club moving forward .
For me this would be a unique , forward thinking idea , that couldn’t be anymore wests tigers at all…

 

[TurnStyle]

I did the maths on this the other day . If you put 100k shares for 51% of the club even at an inflated price of say 60mil , that’s just over 30 mil . It works out to about 310 dollars per share .
At that price with that amount of volume , you would have a massive uptake . You limit the initial release at 1 per person , no more than 5 per house hold , (to stop someone buying a bulk of the shares and gaining a monopoly. If you struggle to sell them , then obviously re- release to those who want to buy more , it at 310 dollars seriously that’s a Christmas present to Mum/ dad/son/daughter/hubby/wife .
For me that would and could be the answer have the constitution of the ownership group have a 51% share of the club with 2 elected board members , and potentially the Tigers Members ownership group having thier own board .( how that’s funded would be a further matter , but eg. An annual 100 dollar tax deductible fee) , the HBG take a minority share of 10 percent , Balmain 10 percent , wests Cambo buy thier 10% with the option to buy out HBG if they choose. The last 10% could be divided up , maybe given between the 3 former owners of the club equally , sold to a private company or whatever .
That would absolutely work , and I’m positive the club would sell 100k shares at those prices.
I’m positive they could sell the shares at 500 dollars each , and put the excess money on top of the valuation back into the club, do reinvestment in commercial assets to maintain the viability of the club moving forward .
For me this would be a unique , forward thinking idea , that couldn’t be anymore wests tigers at all…

You're starting to make me think..."that might just be crazy enough to work!" 🤣

But how would it even get off the ground if it isn't a publicly listed company?

I have no idea when it comes to numbers - I work in engineering.

Lol, seriously though, I know nothing about how businesses are bought, sold and run.

Damn. Just realised I'm a perfect fit at HBG.... 😕

 

[The Chad]

I did the maths on this the other day . If you put 100k shares for 51% of the club even at an inflated price of say 60mil , that’s just over 30 mil . It works out to about 310 dollars per share .
At that price with that amount of volume , you would have a massive uptake . You limit the initial release at 1 per person , no more than 5 per house hold , (to stop someone buying a bulk of the shares and gaining a monopoly. If you struggle to sell them , then obviously re- release to those who want to buy more , it at 310 dollars seriously that’s a Christmas present to Mum/ dad/son/daughter/hubby/wife .
For me that would and could be the answer have the constitution of the ownership group have a 51% share of the club with 2 elected board members , and potentially the Tigers Members ownership group having thier own board .( how that’s funded would be a further matter , but eg. An annual 100 dollar tax deductible fee) , the HBG take a minority share of 10 percent , Balmain 10 percent , wests Cambo buy thier 10% with the option to buy out HBG if they choose. The last 10% could be divided up , maybe given between the 3 former owners of the club equally , sold to a private company or whatever .
That would absolutely work , and I’m positive the club would sell 100k shares at those prices.
I’m positive they could sell the shares at 500 dollars each , and put the excess money on top of the valuation back into the club, do reinvestment in commercial assets to maintain the viability of the club moving forward .
For me this would be a unique , forward thinking idea , that couldn’t be anymore wests tigers at all…

Some version of this is the answer.

 

[Suzie-Q]

You're starting to make me think..."that might just be crazy enough to work!" 🤣

But how would it even get off the ground if it isn't a publicly listed company?

I have no idea when it comes to numbers - I work in engineering.

Lol, seriously though, I know nothing about how businesses are bought, sold and run.

Damn. Just realised I'm a perfect fit at HBG.... 😕

You'd better get yourself a debenture!!

 

[happy_tiger]

Buy one ...get one free deal to the 1st 50 shoppers

 

[Spartan117]

Broncos have publicly listed shares....

Ps. I where did we get that dollar figure where the club is valued at 50 m???

 

[Stevec]

What I never understood is Harry Trigaboff could have bought the club with what it would be to him is pocket money
Must have thought it was so badly managed that even that would be a waste
Pa Only guessing as no personal knowledge of Meriton .
Do know why company called Meriton as his first ever block of flats was in
Meriton St Gladesville near where I grew up

 

[Buttface]

What I never understood is Harry Trigaboff could have bought the club with what it would be to him is pocket money
Must have thought it was so badly managed that even that would be a waste
Pa Only guessing as no personal knowledge of Meriton .
Do know why company called Meriton as his first ever block of flats was in
Meriton St Gladesville near where I grew up

They told him the club was worth $50mil.

I’m pretty sure it’s not pocket change for Harry. .

 

[mtd#2]

Idk about this...

What's stopping dragons or bulldogs fans from buying shares to try and sabotage the club? Or the old dinosaurs on the forum who are worse than HBG who would push to take the WT in the wrong direction.

Id prefer a hybrid model.. where there's a few different owners + independents.. idk if that would work either, because with multiple owners you can get more problems.

Maybe a single private owner/group who have WT best Interests at heart + 20% ownership available to fans?

Great thread though, one can dream..

 

[Carefactor]

HBG Holman Buffface Group.

 

[The Chad]

There are, I believe, 11 clubs in the Scottish Football League that are "Fan Owned". And that's just the Scottish leagues.

Some of those clubs- Hearts, St Mirren & Motherwell are pretty big clubs in their competition too, along with a few just a notch below.

Hadjuk Split in Croatia is 30% owned by fans

Brazil has nearly 10 fan owned clubs.

A run through the English leagues shows a lot of lower tier clubs are fan owned, but certainly not a unique thing anymore.

Even if the fans of Wests Tigers could own part of the club, generates finances for a start & would give a board position or two as well.

I think it's a fantastic idea.

Shamrock Rovers in Ireland is a 50-50 split private ownership & Fan ownership.

 

[hank37w]

They told him the club was worth $50mil.

I’m pretty sure it’s not pocket change for Harry. .

Yeah that's right, he still has an old car with an ash tray and that's where he keeps that sort of small change.

 

[TheEnz]

Idk about this...

What's stopping dragons or bulldogs fans from buying shares to try and sabotage the club? Or the old dinosaurs on the forum who are worse than HBG who would push to take the WT in the wrong direction.

Id prefer a hybrid model.. where there's a few different owners + independents.. idk if that would work either, because with multiple owners you can get more problems.

Maybe a single private owner/group who have WT best Interests at heart + 20% ownership available to fans?

Great thread though, one can dream..

If it were publicly listed there would be more governance and compliance at board level, and within the operations of the business itself, including internal and external audits. There would be more publicly available information as there are disclosure requirements for publicly listed entities. So the reality would be that an independent board that is selected based on a skills matrix model is not a "recommendation" that can be ignored, rather a requirement that needs to be complied with.

To be honest I'm actually surprised we do not see more of this across sport, if people are shareholders they are more likely to buy merchandise, attend games, attend the clubs as they feel a sense of ownership and pride...you will not be running at a loss as long as you have a semi competent leadership team and board in place, especially with the amount of funding clubs get from the NRL. The only sticking point will be the junior comps, the clubs (physical clubs like WA) licensing is dependent upon them funding community sports...its how they get away with pushing the pokies down peoples throats even though they are destroying families and individuals. So they will still need to fund local sports...however what would that look like in this model, you would need some fairly robust partnerships in place.