magpies forever
Well-known member
Thinking more about this- I reckon the best way to ease out the debenture system with Magpies / HBG / Tigers is to stop any new membership to the debenture rolls from now on and eventually by attrition the number of holders will go down and eventually die out. Of course, the debenture holders would have to agree.God, I loathe the debenture system and hate the governing effect it has on our club WT, the HBG and the Wests Magpies. The debenture system has to be buried at some stage, no idea how / when, but it is a crook, self interested way of governance influence- and its not as though the holders have had to put in huge amounts of $$$- $100 FFS, if it was $1m I could understand more. 🤑
In the interim we would have to continue with the current methods but as debenture numbers reduce, those involved in governance would be replaced as their numbers reduce by normally selected members outside the debenture cartel.