Harry interested in buying Wests Tigers

@hammertime said:
People who are comparing Wests being able to cater for yearly expenses and Harry T using his financial might are talking chalk and cheese. Harry could Transform the Tigers, Wests could keep us sustainable.

You just need to think about the businesses and cash inflows. Harry keeps banging up new towers in an expensive property market and would have a tonne of passive cash flows. A club is a single structure that largely relies on people pumping money into pokies - what happens if the govt decides to tool with that again? It's far more risky than having a billionaire backing.

This guy has more money than Packer. We might have to wait another 100 years before an offer like this would come along again. It's easy to put the right controls around Harry's succession via the NRL licence and/or in a sale contract. Logos, Colours, moving club etc. and I don't think Harry would have an issue with that. He isn't in this for the money.

I hope to god that Wests Directors look after the people, members and supporters rather than getting power hungry with this. They can either be revered or despised. Lets see which way they take.
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They'll be despised if they don't relinquish what they own?
 
@Snake said:
So all the talk about tradition and the 100 or so years ,Leichardt oval being sacred ground Blah Blah is all rubbish ,most here would just give it away to the guy with all the money . Well there you go!
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Mate I like the tradition too. But when it comes to it I'd rather be a successful club that perhaps plays out of another venue than sitting on the hill watching us get lapped.

It's about success. And in this day and age, if you want success in the NRL it is clearly more likely if you have the money. Harry has the money.
 
@magpiecol said:
@batboy said:
If Harry buys this joint, In 5 years (Just as our kids are coming good) We'll make the Broncos and Rabbitohs look like the Dubbo Cyms.
He would be happy to continue to sponsor us, Has said it many times - He will be there as long as we need him.
What he now wants, Is say over how his money is spent. He doesn't get that from badging.
Even if he gives us 10mil a year, It's up to other people to spend it. That's the bit he'd find hard to swallow… He wants to see the organisation run properly.
He want's his team, his home ground, his players, his staff and his coach and he has more than enough money to get them....
Any other club in the game would be humbled at the opportunity.
I would assume he want's to firstly buy the team, Then build a permanent home for them - To train and play out of.
THEN - Fill it with the right people to set it up for life... And he's running out of time to do it!!

You have to understand, Under our current model - we simply won't be able to compete. The NRL knows the more money they give to clubs the more money the clubs will spend on talent - Instead of the business model.
Last I heard (Maybe 5-6 years ago) the Dogs get a 4mil a year grant from the leagues club. We have never got that kind of money from 2 Leagues clubs - At any time. And more than likely never will.
We have one of the lowest memberships in the game.
It's not like we're a 1 team town. There's 6+ clubs within a stones throw..

To evolve we need to play with the big boys, To do that we need the big boys money...
Even Ashfield as a stand alone owner, (Which I'm all for if it helps the club) Would struggle to compete with the $$$$ of Penrith, Parra and the Dogs.

We have some of the most attractive "Franchise Players" coming through in the game, We need to capitalise while we can.
So, Harry - Let's put some lipstick on this Pig and turn it into the sleeping giant of Sydney.

I once heard, We all have ideas' we're just lacking the capitol.....

So, what if he does buy the joint and decides that he likes the current admin, coach, etc.etc.

The Taylor haters would go even nuttier. If that is possible.

Interesting scenario though.
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Clubs like ours get the "Coach we can get" - Sometimes the best of what we can get.

I want our club to be in a position to get "The coach we want"
Clubs with power can do this, We won't ever be in this position if we don't sell up.

We've had 4 coaches thus far, They've all died as club coaches with us…
- Don't even count Sheens rep coaching after he left, As I don't believe the Australian Team needs a coach. Either way, That is over for him now as well....
- That in itself says something about the calibre we can attract from the top down.
Rusty turned the Rabbits if 5 years, Harry could do it in 2.

The are a large amount of quality players off contract in 2017
This needs to be sorted now.....
 
Some current facts about Harry: Age 82, Net Worth: 5.6 billion which grew by 1.3 billion alone last year.
Asian investors are looking at buying all or part of Meriton. I believe that some or all of the above will come into play as this story unfolds in the weeks to come. Harry is a full on hands on businessman backed by the best people that money can buy. IMO, Leichhardt Council, Wests Tigers or the NRL have the next move on the chessboard. :sign: Forever Wests Tigers….
 
@hammertime said:
People who are comparing Wests being able to cater for yearly expenses and Harry T using his financial might are talking chalk and cheese. Harry could Transform the Tigers, Wests could keep us sustainable.

You just need to think about the businesses and cash inflows. Harry keeps banging up new towers in an expensive property market and would have a tonne of passive cash flows. A club is a single structure that largely relies on people pumping money into pokies - what happens if the govt decides to tool with that again? It's far more risky than having a billionaire backing.

This guy has more money than Packer. We might have to wait another 100 years before an offer like this would come along again. It's easy to put the right controls around Harry's succession via the NRL licence and/or in a sale contract. Logos, Colours, moving club etc. and I don't think Harry would have an issue with that. He isn't in this for the money.

I hope to god that Wests Directors look after the people, members and supporters rather than getting power hungry with this. They can either be revered or despised. Lets see which way they take.
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As its all only talk at the moment, I think it's a bit early to be demonising the Wests Directors. We have no idea of their plans for their half of the club, and as they've been happy to keep the club going as far as they can under the present agreement, they deserve
A chance to Have their say in how they see the future of the club. Maybe they'll sell, maybe they have other plans.
The good thing is that we now have two entities interested in the club. Lots of people make strong comments about how they will or will not do things, but there is usually at least some comprises each way in most deals.
 
Obviously Harry has not moved on.

And if he doesn't want a partnership with Wests Ashfield its a dictatorship run by someone who cares little for one side of the JV.

No wonder Balmain likes the idea.
 
Will Wests Ashfield sell their half of the club? Very unlikely. All this talk of Harry owning the joint is BS.
 
@goldcoast tiger said:
@hammertime said:
People who are comparing Wests being able to cater for yearly expenses and Harry T using his financial might are talking chalk and cheese. Harry could Transform the Tigers, Wests could keep us sustainable.

You just need to think about the businesses and cash inflows. Harry keeps banging up new towers in an expensive property market and would have a tonne of passive cash flows. A club is a single structure that largely relies on people pumping money into pokies - what happens if the govt decides to tool with that again? It's far more risky than having a billionaire backing.

This guy has more money than Packer. We might have to wait another 100 years before an offer like this would come along again. It's easy to put the right controls around Harry's succession via the NRL licence and/or in a sale contract. Logos, Colours, moving club etc. and I don't think Harry would have an issue with that. He isn't in this for the money.

I hope to god that Wests Directors look after the people, members and supporters rather than getting power hungry with this. They can either be revered or despised. Lets see which way they take.

As its all only talk at the moment, I think it's a bit early to be demonising the Wests Directors. We have no idea of their plans for their half of the club, and as they've been happy to keep the club going as far as they can under the present agreement, they deserve
A chance to Have their say in how they see the future of the club. Maybe they'll sell, maybe they have other plans.
The good thing is that we now have two entities interested in the club. Lots of people make strong comments about how they will or will not do things, but there is usually at least some comprises each way in most deals.
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Good comment. Agree 100% A bit early to be laying the slipper into Wests Group. They've got the money at present and the ownership so they are a bit more important than Harry speculating that he's going to buy the club.

I don't doubt Harry would likely turn the place around however it's just bluster in the media at the minute, there's legitimate succession concerns and Wests have been a part of this since inception, so it's a little unfair to just swagger in off the street and demand someone sell their share.

I'm pretty certain it will not eventuate.
 
@goldcoast tiger said:
@hammertime said:
People who are comparing Wests being able to cater for yearly expenses and Harry T using his financial might are talking chalk and cheese. Harry could Transform the Tigers, Wests could keep us sustainable.

You just need to think about the businesses and cash inflows. Harry keeps banging up new towers in an expensive property market and would have a tonne of passive cash flows. A club is a single structure that largely relies on people pumping money into pokies - what happens if the govt decides to tool with that again? It's far more risky than having a billionaire backing.

This guy has more money than Packer. We might have to wait another 100 years before an offer like this would come along again. It's easy to put the right controls around Harry's succession via the NRL licence and/or in a sale contract. Logos, Colours, moving club etc. and I don't think Harry would have an issue with that. He isn't in this for the money.

I hope to god that Wests Directors look after the people, members and supporters rather than getting power hungry with this. They can either be revered or despised. Lets see which way they take.

As its all only talk at the moment, I think it's a bit early to be demonising the Wests Directors. We have no idea of their plans for their half of the club, and as they've been happy to keep the club going as far as they can under the present agreement, they deserve
A chance to Have their say in how they see the future of the club. Maybe they'll sell, maybe they have other plans.
The good thing is that we now have two entities interested in the club. Lots of people make strong comments about how they will or will not do things, but there is usually at least some comprises each way in most deals.
Click to expand...
Click to expand...

I think you need to read it again, I didn't demonize them at all. Just pointing out difference in possibilities based on the level of wealth (Billions vs millions) and the sustainability of this wealth. Once is around a tried and tested investment asset, the other is mainly pokies.

I'm only just focusing on Wests, because they obviously hold the cards and Balmain have already come out in support of opening a discussion with Harry (It's obvious why they would though). I actually think the current Wests directors seem the most capable, but there is always a risk that it will be passed to someone less capable based on the structure of how they get there.

But lets get some facts straight, there is a track history of these leagues clubs trying to run a club and both Balmain and Wests are terrible. They have shown that they don't have skills, time and time again.

I just hope that Wests are at least willing to talk to Harry.
 
I would imagine this is a journo adding 1 and 1 coming up with 10\. I am sure the NRL would love to see our club financial secure and a dominant force in the comp but really their has been no real comment from the club or Harry or any internal leaks to suggest something is going on. I know people will shoot me down and say these deals would be done under a cone of silence, but I say their would have been a leak or a little snippet of info.

I am sure Harry has some plans to help our club once the sponsorship comes to a halt but buy it–pie in the sky. I suppose we will know something is brewing if a x meriton executive gets the CEO job!!!!!
 
maybe Wests could loan their shares for a few years to harry?

from a Wests POV, I doubt they would want to relinquish control of such a big entity- I wouldn't.

From a WT POV, if Balmain can't pay their share and no one buys their share- Wests remain the sole source of finance and I doubt that could sustain a long time eventually leading to WT demise anyway right?

I think it's in the best interest of all if Harry can somehow have control over the joint for some years. History has shown us that Balmain and Wests are not very good money-wise so it's either take this opportunity or let it be the same old 3 finals in 16 years crap.

As I said before, opportunities like these don't come knocking- we'd be very stupid to not find a way to take Harry's money.
 
Does the membership base at WA really want to be involved in an NRL Franchise anymore?

From the outside, I wouldnt be surprised if the majority of members are no longer aligned to the 'Football Retric' and are more supportive of growing its acquisitions of licensed clubs.

I highly doubt the NRL will support Harry simply buying Balmains share. They would aggressively be encouraging a 100% ownership model moving forward.

The other interesting scenario is how much is a NRL sporting franchise worth, considering the future forecast in revenue has just increased under the new TV Rights? This alone has an improved value!!!
 
It's also interesting that somehow this injection of cash will translate to results on the field…mkay
 
In the article Balmain chairman Leslie Glenn mentioned he is open to any possible help for Balmain remaining part of the JV.

But A Harry buy out means no more JV.

Not adding up atm.
 
Would be great if Harry could take over the club, and in the event of his death or incapacitation, the ownership would revert back to Wests & Balmain.

They hand over the keys to a 1986 Falcon, and in a few years time are given back a late model Ferrari.

Too simplistic, yeah I know. But can only dream.
 
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