HBG, Independent Directors Sacked

[cdinoz007]

Case closed - out with hbg

Just re-reading the Financial Report for the Dogs:

Sponsorship to CB Bulldogs from Leagues Club - $6,150,000 (WTs $1,700,000)
NRL Grant - $18,190,000 (WTs $19,652,102)
Gate Reciepts - $6,028,754 (WTs $3,308,751)
Sponsorship & Corp Partnership - $10,567,848 (WTs $7,079,682)

Thats where the cash has come from

Total Football Club Operating Monies: $40,936,602 (WTs $31,740,534)

Source: (they have 2x financial reports)

https://www.bulldogs.com.au/siteassets/2024/2024-annual-report/2024annualreport-digital.pdf

https://canterbury.com.au/wp-content/uploads/2025/06/FY2024-Canterbury-League-Club-Limited-Financial-Report.pdf

So, to match the Bulldogs, we need a benefactor not only to plough in $50m to buy the football club, but also $10m a year.

Now, @Jolls made a useful and helpful post about our game day revenues from the CEOs forum:

Thread 'CEO Forum 20 Jan 26 - Hotwash Part 1'

Wednesday at 1:20 PM

Hi Team,

This is a long read so strap yourself in for the ride.

I drove up to the Interim CEO’s forum yesterday. It was a worthwhile event despite the fact that there were some attendees that thought it was more about them and their issues than an opportunity for constructive discussion. I’m sure from Shaun and his team’s point of view it was a first-hand opportunity to get a feel for the angst in the fan base.

Barry O’Farrell was in attendance for most of the session; but, unfortunately he ducked out early so I didn’t get a chance to catch him over the bite to eat we had post the...

• Jolls
• Replies: 132
• Forum: General Wests Tigers Discussion

• 
• 

I will highlight his quote from Shaun Mielekamp:

Sold out Leichardt at the end of 25 bought in $385K in ticket sales and $60K in corporate $
A not sold out Commbank bought us in $860K in ticket sales and $120K in corporate $

So replicating this across all 7 games played at LO/CT moving to Commbank:

Tickets: Extra Revenue - $3,325,000
Corporate: Extra Revenue - $857k

There is $4m of lost revenue without winning a single new game, without being in the finals.

That takes us within $5m of the Bulldogs operating revenue. This is what the Dogs chose to do however. Forego their heritage and move games to Accor Stadium. This is where they were able to generate a significant chunk of cash. Now, am I suggesting we do the same? No. But we have to mindful when comparing apples and apples that we are making decisions to make the fans happy, but not the club financials.

Question is... where do the Dogs spend that extra $10m the club has? Is it more staff to support the football team? Do they get better hotels when on the road (doubtful, as the NRL negotiates the hotel deal). Do they go up to an away game earlier to prepare for a game, and therefore dont travel so late to a game?

That would be the interesting question to find the answer to

 

[cdinoz007]

Your going all out to stir the pot , u do u ,
ps ,like your intel on club finances

Sorry - i removed that comment. It was too short and not enough info.

My repost above has a better detailed breakdown. And some thoughts and considerations

 

[diedpretty]

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.

not happy at all - but replacing one lot of poor administrators with another lot of poor administrators is not the answer.

 

[diedpretty]

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

yea i though that was strange as well - its the figures that were quoted in both financial statements. Would probably need a breakdown of the separate amounts within each grant to see where the difference is. It could be a one off grant all clubs receive that is accounted for differently - just guessing.

 

[diedpretty]

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

i thought that was the whole aim of Richo, HBG and WT board - to have WT a standalone financial entity.

 

[Jolls]

i thought that was the whole aim of Richo, HBG and WT board - to have WT a standalone financial entity.

I don't think it was independent in that fashion, but independent in its ability to make decisions around strategy and its own budget. Making a profit to support itself I think was a way to demonstrate what competent business leadership can achieve.