Harry interested in buying Wests Tigers

[gallagher]

There s lots of questions. What happens if Noone is interested in buying Balmain's share? Not even wests?

 

[gallagher]

I can't see wests selling just when it looks like they could own and run the club themselves. It's great to know that he e interested though.

In this world money talks.

If someone came up to me and offered me maybe 3 times overs for my property? My answer would be where do I sign.

The only drawback for Harry would be if negotiations became to complicated he may walk away and think
" these guys are to complicated for me to worry about at my age ".

What if you already had millions in the bank and your house was the house you were born in and the house you raised your kids in?

You make a valid point and one I respect.

Something is definitely in the pipeline for Harry to Back out from his Sponsorship at the end of the year and this report coming out.

Never a dull moment supporting Wests Tigers.

Let's just hope he's involved somehow. The next 12 months will be very interesting/ exciting

 

[cqtiger]

Who says we would get three times what we are worth?

What are we worth?

We are worth what someone is willing to pay.

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[cqtiger]

Who says we would get three times what we are worth?

What are we worth?

$2.45 and a Bunning's Voucher… 😕

As far as I'm aware as per JV agreement the Wests Group and Balmain were only required to put in funds to make up the operating loss of the Wests Tigers from year to year and could only contribute what the other could afford....

So on that I'm not to sure what Harry would be buying apart from debt..

He would be buying the licence and the brand

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[GNR4LIFE]

There s lots of questions. What happens if Noone is interested in buying Balmain's share? Not even wests?

Well we know Harry isn't interested, he wants the whole shabang. Wests are the key in this in regards to what they want. It's easy for people to say what they should do, but it isn't. My girlfriends Aunty has owned a farm for 30 years and has been offered millions for it, but selling hasn't been something she's ever wanted to do. Idk how anyone can feel confident till they know what Wests intentions are.

 

[goldcoast_tiger]

So why doesn't he just sponsor us for 10 or 20m per year to get us out of the mess?

Because it would probably only cost half of that to buy the whole joint.

$5m for the whole joint???…a bit too simplistic imo

I dont buy it.

But even still, why pay $5m for something that is guaranteed to lose you money when that same $5m can be refunded to you an an annual basis thru sponsorship.....being such an astute buesinessman and all.

Yes, it's good that he's interested, but until it looks like it could happen, there's no point in getting too excited. Until we see the details, everything's only guesswork.
Whether it's Harry or any one else that wants private ownership, there'd need to be safeguards in the deal. WhileHarry has been a strong supporter of the club over the years. It's not the same as constantly dragging the money out of his pocket every year.
You can't compare owning an EPL club to an NRL club, where they are almost all losing money.
It could be great for the club, but it's not the same as just running a private business, as some have already found out,

 

[Guest]

Won't happen, Wests won't sell their share, they want to buy part if not all of Balmains share if they fold. If Harry buys Balmains share it will cause more internal war & problems then there already is. Its either 100 or nothing, but won't happen.

How well do you know this mate? I know you have the inside info, but this almost board level info.
I thought Wests came out publicly and said they weren't interested in buying Balmains share?

If Harry nutted out a deal to provide WT back in great shape once he was too old to manage it himself, whilst keeping Wests as a key stakeholder during those years, don't you think Wests would jump at that opportunity?

No ! Wests other ambitions are higher than selling off for the better interest of the club. Between now & March next year things will be interesting. What would be best for the club would be for Balmain to become financially viable again & back to 50/50 split but that seems unlikely. The branding of Wests Tigers is safe till at least 2029 due to new agreement signed with the NRL during the bail out. If Wests gain majority control it will create quite an interesting & hostile environment for the club. The new CEO needs to be strong willed & push for unity & One Club…......this MAIN goal cost us the last CEO.

What does Wests ownership give us that Harry wouldn't? Financially we're screwed at the moment. We have no TPA in place to help attract marquee players and our training facilities are by far the worst in the NRL just for starters.

So whether Wests buy out Balmain, or Balmain somehow become viable, I don't see our situation improving unless we have a serious injection of funds, which Harry clearly has.

 

[Snake]

There s lots of questions. What happens if Noone is interested in buying Balmain's share? Not even wests?

Well we know Harry isn't interested, he wants the whole shabang. Wests are the key in this in regards to what they want. It's easy for people to say what they should do, but it isn't. My girlfriends Aunty has owned a farm for 30 years and has been offered millions for it, but selling hasn't been something she's ever wanted to do. Idk how anyone can feel confident till they know what Wests intentions are.

This is the question let's face it Wests might see this as a great opportunity …saving face if they are wanting out !there could be champers all round the board room tonight .

 

[gallagher]

Won't happen, Wests won't sell their share, they want to buy part if not all of Balmains share if they fold. If Harry buys Balmains share it will cause more internal war & problems then there already is. Its either 100 or nothing, but won't happen.

How well do you know this mate? I know you have the inside info, but this almost board level info.
I thought Wests came out publicly and said they weren't interested in buying Balmains share?

If Harry nutted out a deal to provide WT back in great shape once he was too old to manage it himself, whilst keeping Wests as a key stakeholder during those years, don't you think Wests would jump at that opportunity?

No ! Wests other ambitions are higher than selling off for the better interest of the club. Between now & March next year things will be interesting. What would be best for the club would be for Balmain to become financially viable again & back to 50/50 split but that seems unlikely. The branding of Wests Tigers is safe till at least 2029 due to new agreement signed with the NRL during the bail out. If Wests gain majority control it will create quite an interesting & hostile environment for the club. The new CEO needs to be strong willed & push for unity & One Club…......this MAIN goal cost us the last CEO.

What does Wests ownership give us that Harry wouldn't? Financially we're screwed at the moment. We have no TPA in place to help attract marquee players and our training facilities are by far the worst in the NRL just for starters.

So whether Wests buy out Balmain, or Balmain somehow become viable, I don't see our situation improving unless we have a serious injection of funds, which Harry clearly has.

Don't wests also have funds that they previously couldn't inject.

 

[Guest]

_**We will forever be stuck at the bottom end of the comp if we continue on our current path.**_ Money talks and Harry has plenty of it. That brings sponsorship, visibility, resources and marquee players.

Thats debateable …...... I think our current path has us heading in the right direction. New board, new chair, soon a new CEO ........... we just need to fix up the salary cap debacle left by the previous administration (which will take time) and there is no reason not to expect the club can once again be a respectable and competitive force again.
There's negatives as well as positives in a private ownership arrangements ...... its not just about money albeit that is very important. I doubt it will come to fruition anyway ....... but if Ashfield want out and they can agree to terms then there's always an outside chance if they can agree on a price.

I don't think so Knuckles. Even if Wests were to buy Balmain out, I can't see them contributing the kinds of funds we need to develop the club into an NRL powerhouse to rival the likes of the Roosters and Broncos. If Wests are sitting on tens of millions of dollars which they are prepared to invest into the the club, then I'd be happy for them to buy out Balmain tomorrow and be done with it, but I seriously doubt that will happen.

Harry T wants to ensure the success of the Wests Tigers which is what 99% of us on here would like to see. He's got the money and resources to really transform the club into something the likes of which we have never seen before. I just do not see either Wests or Balmain being in a position to make this happen.

 

[Guest]

Don't wests also have funds that they previously couldn't inject.

I don't know. If they do have funds, how much? And why couldn't they inject them if they own half of the joint venture? Makes no sense to me if a part owner is not allowed to contribute funds, especially given our current financial predicament.

 

[GNR4LIFE]

There is the chance that Harry knows the club isn't for sale but is saying this to give himself the image of the knight in shining armour, a bit like the grub Mayor when he said the council supported the re-development. Because if he's really serious in not wanting his team floundering, where have his TPA's been?

 

[Milky]

Wests don't have the finance to Support our club alone, hence why they merged in the first place. If Balmain go we are screwed. Regardless actually.

I would prefer the NRL in control of our club than Magpies or Balmain, look at the gold coast, went and signed DCE as soon as the NRL took over, we wouldn't dream of that right now or even in the next 5 years if we maintain the same ownership.

 

[Abraham]

I dont buy it.

But even still, why pay $5m for something that is guaranteed to lose you money when that same $5m can be refunded to you an an annual basis thru sponsorship…..being such an astute buesinessman and all.

Not sure your grasping how the tax system works?

You can't tip in $5m and get $5m back. You can tip in $5m and offset tax payable by a maximum of 30% of that $5m.

But anyways, the point is why pump money in as a sponsor when you have no say over how it will be spent or whose pockets it will end up in, when you can buy the whole damn club and be in control of where every cent goes.

The WT seems to be a black hole where money's goes in and mysteriously never comes back out.

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[TYGA]

Wests Group Can fund the club and make Wests Tigers successful in their own right.
There is no better option than a Billionaire Owner who is passionate for the team and is a Gun in Business and Leadership. The best option is Harry takes over. I have a suspicion Wests Group don't have a key interest in the RL Club and if this is true we will become a very strong club very quickly.

 

[Go_Moltzen]

Wests Tigers **3 finals appearances in 16 seasons.**
"Tigers" teams (incl Balmain) **3 finals appearances in 25 seasons.**

Wests Tigers **1 premiership in 16 seasons.**
Balmain Tigers (before 2000 merger) **last premiership 1969.**
Wests Magpies (before 2000 merger) **last premiership 1952.**

Maybe worth considering Harry's master-plan. :slight_smile:

 

[gallagher]

Wests don't have the finance to Support our club alone, hence why they merged in the first place. If Balmain go we are screwed. Regardless actually.

I would prefer the NRL in control of our club than Magpies or Balmain, look at the gold coast, went and signed DCE as soon as the NRL took over, we wouldn't dream of that right now or even in the next 5 years if we maintain the same ownership.

They didn't have money in the 90s. Both leagues clubs are much better off now.

 

[Milky]

Wests don't have the finance to Support our club alone, hence why they merged in the first place. If Balmain go we are screwed. Regardless actually.

I would prefer the NRL in control of our club than Magpies or Balmain, look at the gold coast, went and signed DCE as soon as the NRL took over, we wouldn't dream of that right now or even in the next 5 years if we maintain the same ownership.

They didn't have money in the 90s. Both leagues clubs are much better off now.

So if they have the money why can't they instil it into the club now? Since we are near bankrupt…not having a go, just a legitimate question.

 

[Geo]

Wests don't have the finance to Support our club alone, hence why they merged in the first place. If Balmain go we are screwed. Regardless actually.

I would prefer the NRL in control of our club than Magpies or Balmain, look at the gold coast, went and signed DCE as soon as the NRL took over, we wouldn't dream of that right now or even in the next 5 years if we maintain the same ownership.

They didn't have money in the 90s. Both leagues clubs are much better off now.

So if they have the money why can't they instil it into the club now? Since we are near bankrupt…not having a go, just a legitimate question.

The current JV agreement only allows the JV partners Wests Group and Balmian to put in what the other can afford,,,

 

[GNR4LIFE]

Wests don't have the finance to Support our club alone, hence why they merged in the first place. If Balmain go we are screwed. Regardless actually.

I would prefer the NRL in control of our club than Magpies or Balmain, look at the gold coast, went and signed DCE as soon as the NRL took over, we wouldn't dream of that right now or even in the next 5 years if we maintain the same ownership.

They didn't have money in the 90s. Both leagues clubs are much better off now.

So if they have the money why can't they instil it into the club now? Since we are near bankrupt…not having a go, just a legitimate question.

The naivety in your last two posts is glaring.