HBG, Independent Directors Sacked

They as individual debenture holders - decision makers - have nothing to sell that remunerates them personally and will instead lose the power they hold over the direction of the club.

This is about control for them - not money.
How did they get control?
 
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How did they get control?
It's honestly one of the weirdest systems.

20 people loaned Wests Ashfield $100. They get interest on that $100.

But these 20 people control Wests Ashfield. Can't vote them out. They are the ones with control of HBG and as a result Wests Tigers.

Have been for about 12 years since Balmain lost It's share.
 
It's honestly one of the weirdest systems.

20 people loaned Wests Ashfield $100. They get interest on that $100.

But these 20 people control Wests Ashfield. Can't vote them out. They are the ones with control of HBG and as a result Wests Tigers.

Have been for about 12 years since Balmain lost It's share.
See?

Now you're getting to the crux of the story.

What gave HBG control?
 
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