Harry interested in buying Wests Tigers

[batboy]

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!!!

I think Rusty paid about 3 Million for the Rabbitohs wasn't it?
in 2006ish?

 

[goldcoast_tiger]

i am a old balmain fan, but i am more than happy with wests tigers, wish u hatefull wests supporters could move on or go support the eels. balmain and wests are dead and gone.

BP. I seem to remember when Balmain looked down and out, that the majority of the other side of the JV weren't as keen to see Balmain die, as some are to see Wests gone. Yet the vitriol towards The one side of the JV that has put in as much as they are allowed to, is a bit off.
Wests Ashfields is responsible to decide what they want to do with their half of the JV, as Balmain does with their half.
If Harry is really as much of a fan as he says, then he may just have to swallow his ego, and be a part of the club along with Wests Ashfield .

Or is it about Harry , more than about the WTs
Despite some here, Id like to see what the current owners of the club have in mind, before seeing the club become the toy , for any one person.

 

[diedpretty]

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.

You mean despised because they might not want to sell an asset that they own and have funded as per the agreement they made with the NRL and that they may wish to continue to hold that asset rather than sell it to an 82 yr old who will take his bat and ball home if they don,t. The nerve of them!

 

[diedpretty]

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.

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 read what you said a few times and it sure reads like if Wests don,t sell their share they will be despised.

 

[goldcoast_tiger]

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.

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 read what you said a few times and it sure reads like if Wests don,t sell their share they will be despised.

That's the same way that I read it too, it's pretty plain

 

[foreveratiger]

i am a old balmain fan, but i am more than happy with wests tigers, wish u hatefull wests supporters could move on or go support the eels. balmain and wests are dead and gone.

BP. I seem to remember when Balmain looked down and out, that the majority of the other side of the JV weren't as keen to see Balmain die, as some are to see Wests gone. Yet the vitriol towards The one side of the JV that has put in as much as they are allowed to, is a bit off.
Wests Ashfields is responsible to decide what they want to do with their half of the JV, as Balmain does with their half.
If Harry is really as much of a fan as he says, then he may just have to swallow his ego, and be a part of the club along with Wests Ashfield .

Or is it about Harry , more than about the WTs
Despite some here, Id like to see what the current owners of the club have in mind, before seeing the club become the toy , for any one person.

There is nothing Harry needs to swallow his ego about GT , he is a businessman and if his not happy how things are being run he doesn't need to join anyone and be a part of anything .

Yeah no doubt Wests have a right to excercise there right as to whether they want to sell there share or not BUT at the same token Harry has a right to decide that if he's not in full control ? Then he doesn't have an interest to continue to pump his money into the JV for whatever reason he sees fit .

We don't know? he could of been fed up with how things have transpired with our Management and the people that have been running it all these years and is sick of it and feels he can get this Club were it needs to be .
Yeah people may look at it as Harry being a sook and not getting his way if he decides to walk away if he doesn't have full control, he has no obligation to continue pumping the Club with money just cause he is a supporter .

 

[Magpie_Magic]

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.

It doesn't add up because as a JV we are not successful. Still don't know what part of that you don't understand.

Yes mate,
I don't understand Leslie Glenn talking about help remaining within the JV when Harry offers a takeover his way or hit the highway and no JV.

 

[Magpie_Magic]

They'll be despised if they don't relinquish what they own?

Yep, I think we can see a lot of people on here wouldn't be happy if they didn't have a good reason, that's for sure. Personally, I would despise them if they stopped us being all we could be.

Lets be clear here. A NFP Club is owned by it's members. It's not owned by the guys who sit on the board. It's key stakeholders are the community at large and they have a very clear mandate - to help local League.

If we have a scenario where by Harry gives Wests a handsome payout, they could use that to fund local league like it never has been before. That would give the community a very strong NRL team and extremely strong feeder base via the juniors.

On the other side of the coin, we could continue to limp along. Meet our bills and never become a powerhouse.

There is one better that meets their mandate better than the other.

That said, any agreement, Wests would have valid outs on anything that doesn't match up financially, succession plans or keeping them in a reasonable involvement level.

If the community want it, and they do if this forum is anything to go by, then Wests (along with Balmain) should be speaking to Harry to work out a deal.

Are you for real.
An owner can do what they like with their stake especially if they have pumped millions for decades.
A bit like saying that if a currently more successful club reckons they could do better taking tedfy off us they despiseus if we don't let him go.
Many on here will despise whoever allows a private owner to take over as well.

 

[Magpie_Magic]

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.

Talk about the pot calling the kettle black. You haven't looked at this rationally from the beginning and are still banging on about Wests and Balmain.

Hey pal,
Is it ok for Harry to bang on about Balmain?

 

[Guest]

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.

It doesn't add up because as a JV we are not successful. Still don't know what part of that you don't understand.

Yes mate,
I don't understand Leslie Glenn talking about help remaining within the JV when Harry offers a takeover his way or hit the highway and no JV.

My god you are so naive it's frightening. Take a look at the club - now and over the past 15 years and tell me if the JV has been successful. We jagged a premiership in 2005 and since then we've done buggerall. Financially we're a mess, our facilities are archaic and we can't buy top talent. So tell me genius, what part of that makes this JV a success?

Balmain are broke, and the sooner they're gone the better, and Wests for all intents and purposes aren't doing a great deal to dig the Wests Tigers out of their current financial plight.

The JV has caused nothing but problems, with both factions from Balmain and Wests in-fighting for years. The fact that Balmain and Wests are no longer present in State Cup is a brilliant thing and I only wish they had both been turfed years ago.

The Wests Tigers will never be an elite club as long as the JV exists. Harry T wants the club to be successful. Theoretically if he was to buy the club, he's not going to sit back and not make the necessary investments required to make the club the powerhouse it deserves to be.

 

[goldcoast_tiger]

i am a old balmain fan, but i am more than happy with wests tigers, wish u hatefull wests supporters could move on or go support the eels. balmain and wests are dead and gone.

BP. I seem to remember when Balmain looked down and out, that the majority of the other side of the JV weren't as keen to see Balmain die, as some are to see Wests gone. Yet the vitriol towards The one side of the JV that has put in as much as they are allowed to, is a bit off.
Wests Ashfields is responsible to decide what they want to do with their half of the JV, as Balmain does with their half.
If Harry is really as much of a fan as he says, then he may just have to swallow his ego, and be a part of the club along with Wests Ashfield .

Or is it about Harry , more than about the WTs
Despite some here, Id like to see what the current owners of the club have in mind, before seeing the club become the toy , for any one person.

There is nothing Harry needs to swallow his ego about GT , he is a businessman and if his not happy how things are being run he doesn't need to join anyone and be a part of anything .

Yeah no doubt Wests have a right to excercise there right as to whether they want to sell there share or not BUT at the same token Harry has a right to decide that if he's not in full control ? Then he doesn't have an interest to continue to pump his money into the JV for whatever reason he sees fit .

We don't know? he could of been fed up with how things have transpired with our Management and the people that have been running it all these years and is sick of it and feels he can get this Club were it needs to be .
Yeah people may look at it as Harry being a sook and not getting his way if he decides to walk away if he doesn't have full control, he has no obligation to continue pumping the Club with money just cause he is a supporter .

I don't disagree with most of that.
What I said was true. if he wants to be a part of the joint venture, and Wests decide to not sell their half, then he has to decide whether he wants to be in a partnership or walk away.

If he decides to buy Balmains half and still support the club, he will still have a say, the same as Wests Ashfield will. If he doesn't want to , then he's free to walk away.

 

[Pawsandclaws]

We need a new club under Harry which is truly resourced to cater for the booming south west as well as more traditional inner city Wests and Balmain areas. We also need a competitive advantage over our rivals and this will never happen without the backing of Harry. This is not a Balmain v Wests argument; I think most of us realised years ago it was counterproductive to the success of the club.

 

[Guest]

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.

Talk about the pot calling the kettle black. You haven't looked at this rationally from the beginning and are still banging on about Wests and Balmain.

Hey pal,
Is it ok for Harry to bang on about Balmain?

I have come to the realisation that I'm having conversation with a 5 year old but I'll try and explain very simply for you. The original article clearly states that "any privatisation bid would be for the entire Wests Tigers entity".

Triguboff isn't talking about Balmain. Yes, he mentions he was a Balmain fan, but you know what, they're history and Harry knows it. He wants the WESTS TIGERS to be successful. You're so ignorant and blinded by your passion for Wests you're embarrassing yourself over the fact someone who has more than enough money - 100 times over, that could transform the club completely, happened to previously support Balmain. That fact of course is irrelevant because Balmain are gone and they're not coming back - same goes for Wests so I suggest you step into the year 2015 and leave 1999 behind.

 

[wonka]

Can some one start a new thread if Harry buy's it 15 pages of crap hurts me brain :brick:

 

[Telltails]

Interesting that many on this forum who complain about accepting mediocrity and having a losing culture, mismanagement, no funds to buy marquee players and upgrade facilities, the inequity of the competition due to the cashed up clubs, the failure of the joint venture over a period of years etc - are approached by a multi billionaire who loves the game and wants this club to succeed as a united team- and suddenly what we are is worth persisting with. Go figure . I wonder when the next multi -billionare will come along who wants to buy Wests Tigers - never.

 

[gallagher]

No doubt the NRL will have to approve the sale. I'm wondering if they would veto a sale to Harry and say any sale had to be to an expansion team?

 

[gallagher]

Interesting that many on this forum who complain about accepting mediocrity and having a losing culture, mismanagement, no funds to buy marquee players and upgrade facilities, the inequity of the competition due to the cashed up clubs, the failure of the joint venture over a period of years etc - are approached by a multi billionaire who loves the game and wants this club to succeed as a united team- and suddenly what we are is worth persisting with. Go figure . I wonder when the next multi -billionare will come along who wants to buy Wests Tigers - never.

Martin Koukash will be interested. But i suspect some here only want to sell to Harry for some reason thats not related to balmain.

 

[littletiger]

Tripple m just said the sale to Harry won't happen because harry would have to buy out wests and wests are not looking to sell.

 

[littletiger]

Said if Balmain don't pay wests will have all the power but will still be called wests tigers.

 

[Magpie_Magic]

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.

Talk about the pot calling the kettle black. You haven't looked at this rationally from the beginning and are still banging on about Wests and Balmain.

Hey pal,
Is it ok for Harry to bang on about Balmain?

I have come to the realisation that I'm having conversation with a 5 year old but I'll try and explain very simply for you. The original article clearly states that "any privatisation bid would be for the entire Wests Tigers entity".

Triguboff isn't talking about Balmain. Yes, he mentions he was a Balmain fan, but you know what, they're history and Harry knows it. He wants the WESTS TIGERS to be successful. You're so ignorant and blinded by your passion for Wests you're embarrassing yourself over the fact someone who has more than enough money - 100 times over, that could transform the club completely, happened to previously support Balmain. That fact of course is irrelevant because Balmain are gone and they're not coming back - same goes for Wests so I suggest you step into the year 2015 and leave 1999 behind.

Thank you for your kind words.

Seems no one from the Wests side likes this idea and everyone from the Balmain side does give or take.

This is important to many people.

Who are you to judge this.

I for one have put up with to much change for " the good of the game "and want no more.
A JV with a private owner is problematic.

He could buy Balmains stake or be involved heavily on board level and that would make us successful.

A takeover is not required.