Lets get a seat on Balmain board

M

Mccarry

Well-known member
Hi Fellow Forum WT fans.

I have had enough of an incompetent WT board which includes people like Dawn Fraser. 30 mins ago I attended a board meeting as a director of the company I work for (big US multinational). Sitting around the table I had an idea. Warning, it may not be a good one.

Lets get an independent, qualified WT supporter onto the board. I am wondering whether there is a back door to achieve this… the Balmain Tigers board.

Balmain football club could not have many members - no real leagues club. As such, if enough of us join we can force an independant board member (or a couple) onto first the Balmain board, and then onto the WT board.

I need your help answering and adding to these questions:
1\. Do people care enough about the repeated Board fiasco's to act?
2\. Do Balmain have many members?
2\. How do you become a member and what does it cost?
4\. Is there a form we could make available?
5\. How many board members on Balmain's board? (if 10 we need 20% of vote to guarantee getting 1 onto WT board
6\. Would any of you take the co-ordinator role on this project?
7\. When are the elections?
8\. Would one of you know someone appropriate who is prepared to lead this (senior business leader, board experience, some senior league experience who is a WT fan)?
9\. Smeg - you don't happen to be a senior exec or a director do you?

I am hoping that we could build on this flegling idea with combined knowledge. It is a long shot. Don't reply with questions as to who I am, I am nobody and there will be far better qualified people to do this out there, we just need to find one or two.

Your's in West Tigers,

Mccarry
 
@Mccarry said:
Hi Fellow Forum WT fans.

I have had enough of an incompetent WT board which includes people like Dawn Fraser. 30 mins ago I attended a board meeting as a director of the company I work for (big US multinational). Sitting around the table I had an idea. Warning, it may not be a good one.

Lets get an independent, qualified WT supporter onto the board. I am wondering whether there is a back door to achieve this… the Balmain Tigers board.

Balmain football club could not have many members - no real leagues club. As such, if enough of us join we can force an independant board member (or a couple) onto first the Balmain board, and then onto the WT board.

I need your help answering and adding to these questions:
1\. Do people care enough about the repeated Board fiasco's to act?
2\. Do Balmain have many members?
2\. How do you become a member and what does it cost?
4\. Is there a form we could make available?
5\. How many board members on Balmain's board? (if 10 we need 20% of vote to guarantee getting 1 onto WT board
6\. Would any of you take the co-ordinator role on this project?
7\. When are the elections?
8\. Would one of you know someone appropriate who is prepared to lead this (senior business leader, board experience, some senior league experience who is a WT fan)?
9\. Smeg - you don't happen to be a senior exec or a director do you?

I am hoping that we could build on this flegling idea with combined knowledge. It is a long shot. Don't reply with questions as to who I am, I am nobody and there will be far better qualified people to do this out there, we just need to find one or two.

Your's in West Tigers,

Mccarry
Click to expand...

If you get on the board, how would you first deal with the $11m Balmain debt?

_Posted using RoarFEED 2013_
 
I think Balmain FC have more members than Wests

You join the relevant FCs and wait 3 years for voting rights

Heres a link to all the Balmain members…its all that comes up on a "Football club membership" button on Tigers website
\
\
Aaron Woods 1474
 
Dealing with the $11m debt is a tread in itself.

A very good question. I don’t have the answer. I believe that whoever we find would work towards an answer.

One could look something like the following…

(This answer depends on the restrictions that Balmain may be under due to the existence of the debt. Ie does the lender hold security over the West Tigers NRL franchise in the case of a default on the debt.)

1\. NRL cancel ‘Wests Tigers’ licence and re-issue licence to West Tigers (no S).
2\. Ownership of West Tigers licence goes to new Corporate entity. Shareholding of new entity is 20% members 30% Western Suburbs, 50% 'New commercial partner entity)
3\. Western Suburbs change their name to West Tigers (Juniors, Leagues club etc)
4\. Existing Members (>3 year members) of Balmain given free 5 year membership (general admission only, with voting) to West Tigers
5\. Balmain and Wests recognised as foundation of new West Tigers club
6\. New Commercial partner entity capitalised through listing, sale, etc
 
@Mccarry said:
Dealing with the $11m debt is a tread in itself.

A very good question. I don’t have the answer. I believe that whoever we find would work towards an answer.

One could look something like the following…

(This answer depends on the restrictions that Balmain may be under due to the existence of the debt. Ie does the lender hold security over the West Tigers NRL franchise in the case of a default on the debt.)

1\. NRL cancel ‘Wests Tigers’ licence and re-issue licence to West Tigers (no S).
2\. Ownership of West Tigers licence goes to new Corporate entity. Shareholding of new entity is 20% members 30% Western Suburbs, 50% 'New commercial partner entity)
3\. Western Suburbs change their name to West Tigers (Juniors, Leagues club etc)
4\. Existing Members (>3 year members) of Balmain given free 5 year membership (general admission only, with voting) to West Tigers
5\. Balmain and Wests recognised as foundation of new West Tigers club
6\. New Commercial partner entity capitalised through listing, sale, etc
Click to expand...

Could a CFO of multi million dollar company eliminate 11mill easily? I agree will all said in principle and would support this idea 100%.

:sign:
 
1\. Do people care enough about the repeated Board fiasco's to act? **Yes**
2\. Do Balmain have many members? **Yes, you can become one at any of the leagues clubs or calling them up. It's about $11 a year. Voting rights are granted after two full years**
2\. How do you become a member and what does it cost? **answered above**
4\. Is there a form we could make available? **It's on the Tigers site I think**
5\. How many board members on Balmain's board? **8 i think… Dawn is a disgrace as a director. sack her!!!**
6\. Would any of you take the co-ordinator role on this project?
7\. When are the elections? **AGM time which is usually in Feb**
8\. Would one of you know someone appropriate who is prepared to lead this **There are people out there...**
 
Pretty sure that the $11m is a leagues club debt, and separate completely from the football club. As such even if the leagues club goes belly up the football club won't (although it will no longer have a future stream of income from the leagues club).

Now I'll stand corrected if I am wrong, however it seems as though this thread is barking up the wrong tree with regards to this debt issue.
 
No Balmain Leagues club money = No Balmain FC money = Burden on WT as a 50% WT owner.. No matter which way you cut it, its a major immediate and long term issue for WT

_Posted using RoarFEED 2013_
 
@Mccarry said:
Dealing with the $11m debt is a tread in itself.

A very good question. I don’t have the answer. I believe that whoever we find would work towards an answer.

One could look something like the following…

(This answer depends on the restrictions that Balmain may be under due to the existence of the debt. Ie does the lender hold security over the West Tigers NRL franchise in the case of a default on the debt.)

1\. NRL cancel ‘Wests Tigers’ licence and re-issue licence to West Tigers (no S).
2\. Ownership of West Tigers licence goes to new Corporate entity. Shareholding of new entity is 20% members 30% Western Suburbs, 50% 'New commercial partner entity)
3\. Western Suburbs change their name to West Tigers (Juniors, Leagues club etc)
4\. Existing Members (>3 year members) of Balmain given free 5 year membership (general admission only, with voting) to West Tigers
5\. Balmain and Wests recognised as foundation of new West Tigers club
6\. New Commercial partner entity capitalised through listing, sale, etc
Click to expand...

Why drop the s? Why muddle up the WT brand any further? What does that part achieve?

_Posted using RoarFEED 2013_
 
@wtfl1981 said:
No Balmain Leagues club money = No Balmain FC money = Burden on WT as a 50% WT owner.. No matter which way you cut it, its a major immediate and long term issue for WT

_Posted using RoarFEED 2013_
Click to expand...

And no chance of a Leagues club this decade because Balmain Tigers have allowed themselves to be dragged into the sh1tstorm that is the Rozelle Village development. The developers been so greedy in what they're trying to cram into the site that'll it'll be years of legal battles before a sod is turned. And it's not as if Balmain Leagues even has an interest in the development, they'll just be the ground floor tenant. Meanwhile the club has no money.
 
It would be a waste of time. Ashfield and Campelltown have been strategic for a while now, the writing is on the wall… I dont think they plan to take outright ownership of the club short term, but with mounting financial pressures on Balmain, the possibility of buying a board seat from them is coming closer to fruition.

I will admit my old alliegances lay with the Magpies, but it is almost the best possible scenario within our current model that one side has a majority vote, purely for stability, it cuts out the stale mate. Ashfield seems to have their crap together business wise, and thats what we need. Neither Balmain nor Campelltown have proven they are capable of making the venture a financial success, both poor at different times... Breaking the deadlock in favour of the most business savy entity may be what we need.
 
I think it's a good idea and i'm happy to help out where possible. Maybe we could also write to the club about having a fan's rep on the board, provided they meet certain criteria.

I believe the wests club at leaumeah is no longer a part of the footy club financial structure, or at least that is what i was recently told.

The Balmain side needs to sort a viable leagues club with gaming revenue out to stem the bleeding at a minimum. I also think our branding and fan base needs to be utilised better. Considering the socio economic standing of some of our key supporter areas, i am so surprised we have not got a stronger "second tier" merch offering, sourcing cheap apparel from asia like K mart/target/big w and a competitive price.

Similarly, more competitive ticketing prices to drive attendance and a better slice of the revenue from the grounds / suppliers providing catering etc.

One last idea is to contract some of our former greats as brand ambassadors.. twist their arms a little for the good of a club and have them do a sponsorship drive for corporates, functions / public speaking / coaching / golf etc to try and increase the number of partners and contribution from their contracts.

Essentially, we need a full blown procurement department to review our cost structures and punch some holes in that debt.
 
@Mccarry said:
Dealing with the $11m debt is a tread in itself.

A very good question. I don’t have the answer. I believe that whoever we find would work towards an answer.

One could look something like the following…

(This answer depends on the restrictions that Balmain may be under due to the existence of the debt. Ie does the lender hold security over the West Tigers NRL franchise in the case of a default on the debt.)

1\. NRL cancel ‘Wests Tigers’ licence and re-issue licence to West Tigers (no S).
2\. Ownership of West Tigers licence goes to new Corporate entity. Shareholding of new entity is 20% members 30% Western Suburbs, 50% 'New commercial partner entity)
3\. Western Suburbs change their name to West Tigers (Juniors, Leagues club etc)
4\. Existing Members (>3 year members) of Balmain given free 5 year membership (general admission only, with voting) to West Tigers
5\. Balmain and Wests recognised as foundation of new West Tigers club
6\. New Commercial partner entity capitalised through listing, sale, etc
Click to expand...

P

_Posted using RoarFEED 2013_
 
@Tiger Talk said:
@Mccarry said:
Dealing with the $11m debt is a tread in itself.

A very good question. I don’t have the answer. I believe that whoever we find would work towards an answer.

One could look something like the following…

(This answer depends on the restrictions that Balmain may be under due to the existence of the debt. Ie does the lender hold security over the West Tigers NRL franchise in the case of a default on the debt.)

1\. NRL cancel ‘Wests Tigers’ licence and re-issue licence to West Tigers (no S).
2\. Ownership of West Tigers licence goes to new Corporate entity. Shareholding of new entity is 20% members 30% Western Suburbs, 50% 'New commercial partner entity)
3\. Western Suburbs change their name to West Tigers (Juniors, Leagues club etc)
4\. Existing Members (>3 year members) of Balmain given free 5 year membership (general admission only, with voting) to West Tigers
5\. Balmain and Wests recognised as foundation of new West Tigers club
6\. New Commercial partner entity capitalised through listing, sale, etc

Could a CFO of multi million dollar company eliminate 11mill easily? I agree will all said in principle and would support this idea 100%.

:sign:
Click to expand...
Click to expand...

_Posted using RoarFEED 2013_
 
**Who owns the land/property at Balmain Leagues Club in Rozelle.**
What is the estimated value of this property?
Is the property fully owned or used as security/mortgage for outstanding debts/loans?
If so what is amount of debt owing?
On which annual report is this asset listed?
 
@Go Moltzen said:
**Who owns the land/property at Balmain Leagues Club in Rozelle.**
What is the estimated value of this property?
Is the property fully owned or used as security/mortgage for outstanding debts/loans?
If so what is amount of debt owing?
On which annual report is this asset listed?
Click to expand...

Private Developers.

If/When site is redeveloped, Balmain Leagues Club will be a renting tenant of the Building.

_Posted using RoarFEED 2013_
 
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