HBG, Independent Directors Sacked

[wstigers11]

Oh, I thought you were talking about Pascoe! Didn't he claim we made a profit once?

Oh my bad hahaha probably. Was talking about Richo.

 

[gallagher]

Oh my bad hahaha probably. Was talking about Richo.

He's a massive loss.

 

[twentyforty]

He's a massive loss.

A massive loss. Especially considering what he was able to achieve with the HBG board working against him.

 

[diedpretty]

https://www.dailytelegraph.com.au/news/national/boss-of-horror-aged-care-homes-awarded-920000-contract/news-story/e155dfa56041683e1dab101b21cd01b2

In a statement to News Corp, a spokesperson said that “exhaustive investigations have found no wrongdoing by Mr Barnier"

The above statement is always forgotten by the guys throwing rocks.

There may have been no wrong doing specifically by him but there were some pretty horrendous things happening in aged care facilities under his banner. He could definitely be accused of poor management and failure to keep a close scrutiny of what was happening at the coal face. Hardly the type of leadership the club needs.

 

[diedpretty]

This is why the other day I was asking for a list of what other owners put in? You seem to know what every other club gets. Let's get the comparisons up.

I doubt the private owners (penns etc) are putting in $5 to $10 million a year.

of course they are not and i would be amazed if cronulla are putting anything up at all and yet they are constantly in the 8.

 

[diedpretty]

What happens this year is already predetermined by work completed over the past couple of years. What happened this preseason alone will hold little to no bearing. Decisions made to bring talent to this club - which will be what makes this season a success, will hold most of the weight.
How they perform in big games will be the deciding factor attributed to coaching.

I read somewhere that a lot of this pre season has been focusing on mental toughness to alleviate the problem of drifting out of games that are winnable. Its good to see that this was identified as a major area that needed fixing. Can only hope the staff have success instilling it.

 

[wstigers11]

of course they are not and i would be amazed if cronulla are putting anything up at all and yet they are constantly in the 8.

They don’t need too they have rich investors. They received a $5m donation from an Australian billionare last year. If we had that we wouldn’t need the owners help either.

 

[Rock Hopper Steve]

There may have been no wrong doing specifically by him but there were some pretty horrendous things happening in aged care facilities under his banner. He could definitely be accused of poor management and failure to keep a close scrutiny of what was happening at the coal face. Hardly the type of leadership the club needs.

How could he be any worse than what HBG has now, with the pathetic decisions made to destroy the Tigers board that was making the difference, so unprofessional, that just made no sense at all surely you can't be happy with them running the place.

 

[hank37w]

of course they are not and i would be amazed if cronulla are putting anything up at all and yet they are constantly in the 8.

They don’t need too they have rich investors. They received a $5m donation from an Australian billionare last year. If we had that we wouldn’t need the owners help either.

Plus Cronulla had a former Prime Minister as their #1 supporter just as Souffs have Albo, both about as useful as being tied to a boat anchor.

I can only hope that both clubs fail miserably and may their future achievements be limited to winning wooden spoons.

 

[diedpretty]

Sheesh

Those figures are from the annual finacial report. From Canterburys annual finacial report they only paid their juniors $400k - much of a muchness.

 

[diedpretty]

NRL Grants - $18,190,000
Season Tickets and Gates - $6,028,754
Sponsorship and Corp Partnership - $10,576,848

What ISNT apparent from the Bulldogs financial report is funding provided TO the football club by the Leagues club. Where this mythical $20m comes from, I dont know. But I cannot see that number anywhere in the Bulldogs report.

What we can see in last years report is the club spent $21m in capital works related to the CoE.

Its in footnotes -

Transactions with the subsidiary - Canterbury League Club Limitedj. During the 2024 financial year, the subsidiary entity paid $6,150,000 (2023: $5,650,000) as grant and sponsorshipto the Company which included a $nil renovation grant (2023: $nil). Furthermore, the subsidiary entity paid grants tothe Junior League amounting to $400,000 (2023: $436,500).

 

[area52]

He's a massive loss.

Literally

 

[diedpretty]

For those wanting to compare Canterbury s input to HBG these are the overall figures from their financial reports :

HBG received $31 mil in football related income which include nrl grant of $19.6 mil and other income such as sponsorship, merch, ticket sales, hospitality totalling $11.4 mil.

Canterbury Leagues receive $37.7 mil which includes nrl grant of $18.2 mil and other income totalling $19.5 mil.


So the reason they are able to provide more funding to the football dept may simply be that they are generating more football related income.

 

[cdinoz007]

Its late and im tired so here is the lazy version:

According to the Canterbury-Bankstown Bulldogs 2024 Annual Report, the specific "Direct Football Grant" figures are as follows:

- 2024 Direct Football Grant: The League Club provided approximately $5.5 million in direct funding to the Football Club.

- 2025 Committed Funding: The report explicitly states under the "Economic Dependency" section (Note 29) that the League Club has committed $6,400,000 in grant funding for the year ending October 31, 2025.

So total of 11.9 million over 2 years into the footy club

OK,

So they have an easier to read document on line I have found.

FY24 - Grants Paid to Canterbury Bankstown Bulldogs Rugby League Club Limited - $7,300,000
FY23 - Grants Paid to Canterbury Bankstown Bulldogs Rugby League Club Limited - $6,086,500

This suggests $13m over 2 seasons. Now, this could be a part of their investment into the new CoE which is coming on line shortly.

Now, looking and comparing HBG with CB Income/Revenue, HBG on their consolidated income sheet reports Revenue which appears to include the NRL Grant and other football club revenue (marked as "Other Revenue"

Canterbury dont appear to do this on their income sheet.

HBG total Revenue = $87,416,971 (inc NRL and Football Monies)
CBB total Revenue = $98,678,349 (doesnt seem to incl NRL and Football Monies)

 

[cdinoz007]

For those wanting to compare Canterbury s input to HBG these are the overall figures from their financial reports :

HBG received $31 mil in football related income which include nrl grant of $19.6 mil and other income such as sponsorship, merch, ticket sales, hospitality totalling $11.4 mil.

Canterbury Leagues receive $37.7 mil which includes nrl grant of $18.2 mil and other income totalling $19.5 mil.


So the reason they are able to provide more funding to the football dept may simply be that they are generating more football related income.

Precisely. When you are a bigger club you can spend more money.

I spend more money than my next door neighbour becuase I have a better paying job.

 

[gallagher]

For those wanting to compare Canterbury s input to HBG these are the overall figures from their financial reports :

HBG received $31 mil in football related income which include nrl grant of $19.6 mil and other income such as sponsorship, merch, ticket sales, hospitality totalling $11.4 mil.

Canterbury Leagues receive $37.7 mil which includes nrl grant of $18.2 mil and other income totalling $19.5 mil.


So the reason they are able to provide more funding to the football dept may simply be that they are generating more football related income.

Any idea why we get a grant of $19.6 and the dogs get $18.2?

 

[cdinoz007]

HBG said themselves we made a profit in their statement sacking the board.

Lets not forget in FY2025 each NRL club was provided an additional $1.2m grant from the federal govt PNG deal.

FY2026 I understand this reduces to $1m per club, and then the next 3 years a smaller chunk.

In total over 5 years each club will recieve an extra handout totalling $3.5m

Could that $1.2m bonus be why we managed to make a profit? And lets be honest with ourselves, it was Richo who first made claim about this profit. Therefore, if that amount was the reason we made a profit, isnt it disengenious for Richo to have made a statement like that, which hinted perhaps it was as a result of his good management instead?

 

[Telltails]

Precisely. When you are a bigger club you can spend more money.

I spend more money than my next door neighbour becuase I have a better paying job.

So it would be smart to generate support/ funding elsewhere so you are not dependent on club funds ..

 

[wstigers11]

Lets not forget in FY2025 each NRL club was provided an additional $1.2m grant from the federal govt PNG deal.

FY2026 I understand this reduces to $1m per club, and then the next 3 years a smaller chunk.

In total over 5 years each club will recieve an extra handout totalling $3.5m

Could that $1.2m bonus be why we managed to make a profit? And lets be honest with ourselves, it was Richo who first made claim about this profit. Therefore, if that amount was the reason we made a profit, isnt it disengenious for Richo to have made a statement like that, which hinted perhaps it was as a result of his good management instead?

As opposed to what, recieve the grant and still run at a loss? HBG made the same statement are they “disingenuious” too? Who cares how the profit was made. The club being in the green is huge to becoming independent from the owners who give us crumbs anyway.

 

[Rock Hopper Steve]

So it would be smart to generate support/ funding elsewhere so you are not dependent on club funds ..

I suspect this is why Richo was pushed to leave or just gave up, was trying to bring outside investment in and they didn't like it.