Harry interested in buying Wests Tigers

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.....
 
@innsaneink said:
@cktiger said:
@underdog said:
@innsaneink said:
100% tax deductible????
I might be wrong but I doubt that very much

The Tigers Run at a loss, dont they?

His sponsorship dealings with the Tigers could be underpinned as "losses" by the ATO.

I'm sure he has a creative team of accountants that would ensure something like this.

Why even question someone who has thrown millions at the club he obviously loves?
He could always have spent it somewhere else and 'saved some tax'.
Geez - some people see an agenda behind everything

Who's questioning him?
We are talking about his sponsorship. …un bunch your panties

….... What ink said. :mrgreen:

I wasn't questioning his agenda - I know Harry loves the Tigers. Having said that he's no mug, and business would be a massive priority.
 
What is interesting about Uncle Harry - he doesn't do (and never has done) partnerships or alliances. It's all him and his company or not at all.

It makes sense that private ownership fits with this approach, rather than sponsorship where you give money to people to run it their way, with your name on it somewhere.

He essentially said it in his quotes - nobody wants to support a dud team, and no players want to be in a dud team. But if he is going to help change that properly, he will need things done his way.

So there is no way he'd buy just Balmain out, nor be a bit player. If he's in, he's all in.

I say do it, time to turn this club up to 11.
 
Hoping Harry does to Wests Tigers what Frank Lowy has done for Australian soccer.

By the way, Frank Lowy started his soccer odessy in his 80's and is still rocking.

God love you Harry.
 
@magpiecol said:
Be careful what you wish for.

Just ask Newcastle.

Can we ask Souff's as well….

It would be great but I wouldn't be getting hopes up based on the Article from Proszenko...
 
@THE POM said:
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?
 
@hammertime said:
@THE POM said:
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.
 
harry is not a fly by night invester, he has been around for years. would love to see him take charge, but at present i want to see more action and less take. harry while looking at taking charge throw $1,500,000 into TPA and lets get the club going forward. i know it sounds a lot of money but for him it is ash tray money.
 
@THE POM said:
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.

I am under the impression Wests have the first option to buy if Balmain can not supply the funds ..,Mr Meriton will have to buy the whole Balmain organisation side out , then get only half.
Wests have funded a footy team for over 100 yrs do you think they will throw that away when the richest deal ever made comes on line in a few years .Wests will not be screwed,I read a lot about tradition and history on this site do you think they will just walk away with out a fight after what has already happened ..one difference this time there cashed up !
 
@THE POM said:
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.

god damn wests… I hope that's not true. Again these power hungry factions driving the club into the ground! They don't care about the supporters at large, or the club. Can't they see from past decade (and before that) they can't do the job properly?! ARRGGHHHH...

I only hope that Marina & Harry can find a way to get rid of the dinosaurs once and for all. Both sides.
 
For Harry? - yes please

Will Wests sell? - at the right price always

What about Harry's age? - he has never laid a brick because he has people do that for him. He will have his executive team in place to run the joint before and after he has gone.

Will players come to us? - think of the benefits that Harry could offer that we currently can't. New training facilities, more support staff, cheaper accommodation, better end of season activities. Harry's business connections helping a mate with TPAs.

I think of the Roosters and their Uncle Nick. Same salary cap is the only thing that's like for like. Except we have more juniors and a bigger demographic now we might have a better sugar daddy.

Got my vote, for what it's worth.
We will always struggle for money in this current setup.

_Posted using RoarFEED 4.2.0_
 
I am ok with what Harry would like to do. He seems to be wanting to buy the club and take it to the next level.

To me it does not seem like an emitional buy which is good.

I think that the Broncos are privately owned ( and i ciuld be wrong too) i thought that Melbourne were also going to head down this path as well.

But like any business i am sure it will have strong expectations for success which is not a bad thing.

So thumbs up from me.
 
@Knuckles said:
@willow said:
_**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.

"New board….new management". You forgot to mention the evergreen excuses that our team is young, our coach is green and our home ground situation needs improvement.

But, the most plausible excuse for our woes has always been the lack of $. Now we have the chance to change that.

The opinion that we don't need help is as naïve as it is delusional. I liken this situation to the Shark Tank show and it sounds to me that you are rejecting the idea of even getting such a wonderful leg up because you have such faith in our management. Crikey! Where did all this faith come from? If club management was a player, ours is Buchanan. But I digress.
Even if you had faith in our new direction, even then, wouldn't you still want a shark (nay a great white) to come and take you to another level? Surely!

There is just no reason to not let Harry pour his funds and management nous into the club.

(Yes I used "nay", and it felt good)
 
This can only be a good thing .. As a basket case of a club any monetary input should be welcomed with open arms !

EVERY EPL club are privately owned and is the way of the future IMO .

_Posted using RoarFEED 4.2.0_
 
Thanks but no thanks Harry…....your money and services you might provide is not required at our Club we are quite happy being the Cellar dwellars :bash :bash :bash .

Don't let the past blind you from the truth that the Magpies and Tigers is history and that we are now
WESTS TIGERS , the ones that deny this ? they have never grasped at the cocept of the JV.

But no lets keep playing certain number of games at Cambo and certain number of games at Leichardt to please the ones that can't except change .

No wonder we are a basket case and haven't purchased a Marquee player since 2000 ( Jarrod McCracken , Terry Hill , John Hopoate , Owen Craigie , Matt Seers ) who back in those Days were Marquee signings .
We signed Gareth Ellis who has been our best signing but was untried in the NRL at the time.
 
@Abraham said:
@innsaneink said:
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.
 
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