The difference being that the licensing agreements most likely tightened up since back in South's days. They are the basis of an asset that you can use in your sales motions for media companies - the NRL would want them to be tight to ensure that clubs don't tarnish the game.
These are private documents, though, so I'm just hoping. But we will see.
Another outcome could be just to apply pressure to HBG and get them to continue the structure, but put some more rigidity around when they can dissolve the WT board. i.e. Criminal or gross misconduct.
If they can handcuff HBG from hitting the big red button every time their ego dictates, then that would be another way.
Didn't NRL push our first move for independents on the board? They did it somehow once.