HBG, Independent Directors Sacked

Personally, I can’t see the NRL allowing a return of Wests Magpies to the top comp. It’s WT or nothing I reckon,
When did Wests take majority ownership, around 2015? So 10 years ago. Every time there is a a flare up with the board, people think the sky is falling and that they are trying to bring back the Magpies. Like gun nuts in the US crying “They’re trying to take our guns”. No they’re not. Nor are the Magpies coming back. The race to victimhood is a fascinating human trait.
 
Personally, I can’t see the NRL allowing a return of Wests Magpies to the top comp. It’s WT or nothing I reckon,
they could have both if western suburbs stay put and they let Brisbane tigers in (has the Richo connection )
yes currently linked with perth however nrl can rectify that, perth are not even in comp yet.
East's tigers have more cash than Redcliffe and big club
it would get 20 teams and another team in Qld
 
I think we have to accept HBG has assumed full control and it's only the fact that WTs has developed a fan base over the last 25 years that realistically it would be disastrous for the club to revert back to the Magpies - not only alienating old Balmain people but also the legit WTs supporters and may even impact the licence from the NRL. (Perfect opportunity to relegate a Sydney club and put resources elsewhere)
We can also assume there will be no more external reviews.
 
I wonder if the HBG would consider a sale of the license...

Richo would be able to drum up the private equity now he can show a profit.

If we are being realistic the hopes of the average WT punter now sit with Richo & his next move.

He goes we are going backwards.

He stays we have hope... But for how long...

Listening to Lee H on SEN he confirmed all the years of divide but did say the Richo has a well constructed contract in his favour. Smart!
 
I wonder if the HBG would consider a sale of the license...

Richo would be able to drum up the private equity now he can show a profit.

If we are being realistic the hopes of the average WT punter now sit with Richo & his next move.

He goes we are going backwards.

He stays we have hope... But for how long...

Listening to Lee H on SEN he confirmed all the years of divide but did say the Richo has a well constructed contract in his favour. Smart!

If he walks out the door now ..I agree ..they are back to the cellar in a hurry ..

assume he will make some statement today you would think
 
I wonder if the HBG would consider a sale of the license...

Richo would be able to drum up the private equity now he can show a profit.

If we are being realistic the hopes of the average WT punter now sit with Richo & his next move.

He goes we are going backwards.

He stays we have hope... But for how long...

Listening to Lee H on SEN he confirmed all the years of divide but did say the Richo has a well constructed contract in his favour. Smart!
Sale of the licence would be a great outcome. There’d be any number of possibilities in terms of who might buy and what corporate structure might be involved and not all of them would necessarily be a good thing. But you could hopefully rely on the NRL to put safeguards in place to ensure a successful sale.
 
I wonder if the HBG would consider a sale of the license...

Richo would be able to drum up the private equity now he can show a profit.

If we are being realistic the hopes of the average WT punter now sit with Richo & his next move.

He goes we are going backwards.

He stays we have hope... But for how long...

Listening to Lee H on SEN he confirmed all the years of divide but did say the Richo has a well constructed contract in his favour. Smart!
I would say any termination of Richo's contract would require a massive payout. I'm trying to think of the logical scenarios here ...

1 HBG instill their own appointed 'independent' directors on the WT board and run a PR campaign about how the board remains independent with certain decision rights to HBG. Business as usual with HBG happy with the people in the seats on the board.

2 NRL step in & revoke the license of HBG. A consortium takes over so the club remains as Wests Tigers in the South West. Possibly News Corp driven, possibly Richo driven???

3 Liquor & Gaming NSW step in & take over administration of the HBG.
 
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