HBG, Independent Directors Sacked

[Tiger-ferret]

I understand that, I’m just of the belief that if PVL believes this is the best way forward they will essentially have control of 90% of the NRL licence but, will have strict guidelines in regards to any decisions made and will be at the scrutiny of BOF and the other 2 independent board members.
It makes no sense to me why they would agree to return unless the odds are heavily in their favour, regardless of the board room numbers.

Basic maths will dictate

 

[hybrid_tiger]

Epifania, a recent debenture holder, says, “There have been many attempts to tamper with the debenture system, but it would just cause more damage than good.

Funniest thing I've read in the last two weeks. Delusion.

 

[tigertuff]

HBG need to examine the membership of their Board with a view to recruiting businessmen and women to mirror the independent membership of WTs. In that way, the club as a whole can move forward as WTs with links to the heritage of Wests and Balmain.

It's sad to think that the independent directors (the minority) have to meet a particular skills matrix to be considered but the other 5 directors (the majority) don't. Its laughable. As long as you can strum a couple of notes on a bass guitar I suppose.

 

[nrlsurvivor]

How it ever meant to work with this

ensure the club continued to propagate rugby league, particularly the Magpies brand.

This is the crux of the issue. I remember when the podcasters interviewed one of the ousted HBG directors he mentioned this.

Essentially HBG are simply doing their job and living their company values so long as they have control of wests tigers. Without this control I suspect they believe that the brand over time will become diluted.

Unfortunately, I think the way they’ve gone about making sure this happens, may end up the thing that results in the brand ceasing to exist forever.

 

[Tired Tiger]

From a financial and legal perspective is this actually correct?

It would be the same for other NRL teams that are owned by leagues clubs though right?

100 percent correct, no other leagues club acts in such a way. No other leagues club has a debenture system that protects it's board from transparency and accountability.

Our owners have just openly confirmed they are interested in promoting and furthering the magpies.

They don't give a crap about the Wests tigers they are happy to burn it to the ground. If the Wests tigers are successful they can't control it so back to being a basket case it is ....

 

[pawsandclaws1]

Various iterations of the WTs' Boards and CEOs successfully negotiated the COE, the UWS COE and upgrades to both Leichhardt and Campbelltown grounds. The upgrades to Leichhardt and Campbelltown alone are worth $100m with major contributions from Federal and State Govt and $10m each from the Inner West City and Campbelltown Councils. The framework is being built for future success and kudos must go to Richardson and Pascoe. We've made remarkable strides in terms of improving facilities and Richardson had a focus towards the SW growth areas. It is very disappointing the inability of some of our leaders to adapt to change. I love Balmain and Wests but those clubs are our heritage, not future.

 

[hank37w]

Did Richo run over Chammas' dog?

I thought Chammas was the dog.

Wish Richo ran over him. 🤣

 

[hybrid_tiger]

Richardson and the previous board just committed to the South West, did they not?

Unless I am mistaken, we are playing at least 7-8 games a year at Campbelltown from 2029 - what the hell is Epifania talking about? Is that not enough? Do they not want any games at Leichhardt? We are only playing 3-4 games a year there.

 

[orange&black]

The outcome, if it actually happens as reported, seems to be a desperate solution to ease the backlash and appease Vlandys. It’s not a long term solution unfortunately and we haven’t seen the end of the rubbish from HBG.
I hope Benji is extended and that settles down the playing group so we can focus on the season ahead.
As we all know any contract that is signed isn’t worth anything- if either party wants out they’ll make it happen anyway.

 

[hank37w]

Gus gives Chammas a treat if he writes the right stuff.

He'll have to beg first, possibly shake hands as well.

Gooooood boy.

 

[innsaneink]

“The only contention that regularly arises is the fact Wests Magpies have never been respected in the joint venture and always tainted as the bad guys. An opportunity to discuss a fairer representation would go a long way in ending 25 years of war.”

Laughable...sounds like silly old mate here

Blazers and debentures is their only care

 

[hank37w]

Viola isn't. Why isn't he coming back.

Good question

Because they Viola-ted his rights.

 

[hank37w]

Mate I’m terrible at digging things up, but I will try and find it.

You might have trouble finding a direct public quote because it doesn't exist.

 

[innsaneink]

Benji has a get out of jail card in his back pocket if 2026 goes pear shape. The media and everyone else will be pointing their finger at the boardroom…and rightly so. To think the last week’s drama will have no effect on the club would be naive

I think everything will start to die down from here....therell be some media about the rally over the weekend/ early next week....if anything comes from that its gotta be asic and or L&G.
That would take a while imo but im not confide t now either of thise entities will change anything.
Denis hiding in the corner as per will see him untouched and unscathed as usual....i think the.pots boiled over and the heats off now...itll die down and.the players have 2.months to prepare
Hopefully theyre left alone to focus on what they need to do...hopefully Bula is sorted shortly too

 

[innsaneink]

Roy Masters? The writer did mention coaching the Magpies. Couldn’t be anyone else.

Correct

 

[area52]

Who wrote that promotional piece

Masters

 

[area52]

This is the crux of the issue. I remember when the podcasters interviewed one of the ousted HBG directors he mentioned this.

Essentially HBG are simply doing their job and living their company values so long as they have control of wests tigers. Without this control I suspect they believe that the brand over time will become diluted.

Unfortunately, I think the way they’ve gone about making sure this happens, may end up the thing that results in the brand ceasing to exist forever.

Private ownership the way to go

 

[innsaneink]

You might have trouble finding a direct public quote because it doesn't exist.

This is what PVL said yesterday.

Full article posted by @BlackWhiteGold on page 307 and 308
Post #6142

V’landys said he had to intervene to protect the NRL and Wests Tigers brands.

“A licence is a privilege, a licence to be in the NRL is worth a lot of money,” V’landys said on Thursday. “Naturally, we have our rights under the licence, and we will use those rights if we have to.

“In this case, we didn’t have to because they were professional enough to reach an amicable solution. We appreciate their professionalism in that regard. They gave us an undertaking they won’t dilute the Balmain brand, they are putting the independents back on with Barry as chair.

“It’s the best solution to give the fans confidence before Christmas. And, more importantly, for Benji Marshall and the team. We won’t allow any dilution. If they ever try, it won’t happen. Balmain fans can rest easy it will never happen.”

V’landys felt the reinstatement of the independent directors, particularly O’Farrell, would provide
the club with much-needed stability.

 

[Merlot]

I listened to it. I'm keen to understand what you feel I don't have a grasp of?

The reason why HBG want power has nothing to do with Wests Tigers being successful as an NRL side.

my bad, i apologize for being a smart rc ,i jumped the gun.
Eye opening for some , just old news for others

 

[liltiger]

I feel like I need a shower after reading that article.

What absolute BS spin. They take fans for mugs

Masters really asking the tough questions that need answering. More like playing cover for mates. Absolute joke.