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@Knuckles said:
Exactly my thoughts on the matter Bob
Meriton could drop major sponsorship
- Thread starter azsportza
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Exactly my thoughts on the matter Bob
Gary_Bakerloo
New member
@smeghead said:
Be careful what you wish for. This will mean that Wests Tigers strategic direction will align to the NRL's strategic direction unless Wests and Balmain align together.
Whilst I agree the strategic plans should be aligned to some extent, there could be nasty decisions made that some fans may not necessarily like.
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@Gary Bakerloo said:
It may actually show the halfwits that the only way to ensure both their legacy's being represented and honored relies on them working together. Something that nigh on 15 years of a 50/50 board has failed to provide.
As for things fans may not like it is simply a matter of stipulating as a condition of the agreement that no decision to relocate or abandon LO & CSS can be on the agenda.
Tiger_Watto
New member
The idea of the NRL offering the loan could be a good thing…
Smart operators like Bruno or even Katie Page would be a brilliant balance for whichever period they deem suitable!
Smart operators like Bruno or even Katie Page would be a brilliant balance for whichever period they deem suitable!
@Gary Bakerloo said:
Wests and Balmain should be align together on most things anyway. With the structure proposed the NRL could not over-ride a combined Balmain-Wests bloc but the NRL directors would be the deciding vote if the vote was split.
Seems an elegant and commonsense solution to me.
simonthetiger
New member
Wow…is there light at the end of the tunnell????
If Balmain and Wests unite they could overrule the nrl blokes.
WOW!!!!
And what about all the BS telegraph articles about Potter being gone.....chip wrapper is what its only ever been an will be.
If Balmain and Wests unite they could overrule the nrl blokes.
WOW!!!!
And what about all the BS telegraph articles about Potter being gone.....chip wrapper is what its only ever been an will be.
@Mccarry said:
Do you have a source for all this? As I recall Elias wasn't involved in the very first proposal but I could be wrong. The scenario you've presented doesn't ring true from my memory. As I recall they had a deal signed with a pretty reputable company and then the GFC broke the same day. Some time after that there was a different deal signed that Elias had some involvement with. Saying he led the proposal is possibly over-stating things.
@Mccarry said:
I think you'd want to be careful here. Eddie Obeid has spread his tentacles in a number of areas and met a lot of people. As I understand it, Nick Di Girolamo has known the Obeids for decades. That of itself doesn't make him corrupt and to suggest it does is pretty unfair. To suggest Elias is some close confidant on any of these people is also not fair. Elias is a networker - he'd meet with anyone if he thought it was beneficial to him. The stories you quote in the SMH (the link didn't work for me) were refuted by the Balmain Football Club in some detail. I believe that document is available online.
fibrodreaming
Well-known member
I'm not sure why the NRL proposal is being discussed on this thread - but I have a few thoughts.
I don't believe that offering an $8m loan to an insolvent organisation will solve any problems. Some organisation will have to repay the loan, presumably Wests Ashfield, and why would they agree when they have only two members on the board?
This is probably a bad analogy, but it is a little like being asked to go guarantor for a loan. I was asked once to go guarantor, and my solicitor said "I only have one word of advice - don't do it". The point is, why should an entity make itself responsible for a loan, when they have no effective say in the financial affairs of the organisation that is borrowing the money.
With regard to independent directors, there is no guarantee that they will serve the interests of the WT. As Gary Bakerloo says above "be careful what you wish for".
I don't believe that offering an $8m loan to an insolvent organisation will solve any problems. Some organisation will have to repay the loan, presumably Wests Ashfield, and why would they agree when they have only two members on the board?
This is probably a bad analogy, but it is a little like being asked to go guarantor for a loan. I was asked once to go guarantor, and my solicitor said "I only have one word of advice - don't do it". The point is, why should an entity make itself responsible for a loan, when they have no effective say in the financial affairs of the organisation that is borrowing the money.
With regard to independent directors, there is no guarantee that they will serve the interests of the WT. As Gary Bakerloo says above "be careful what you wish for".
Yep, fair call. Association is not proof of corruption.
Association is proof of poor judgement. The role of a board member essentially ties back to judgement. The board is the ultimate decision making entity, without good judgement they are just a group of ego's sitting around a table.
Association is proof of poor judgement. The role of a board member essentially ties back to judgement. The board is the ultimate decision making entity, without good judgement they are just a group of ego's sitting around a table.
@Mccarry said:
I'd certainly agree with that! I think the board structure (I'm talking generally in a rugby league-wide sense) was fine in its day but there is just too much involved now. It'd be nice if we had members whose sole interest was the advancement of the club and not trying to one-up the other group.
Coastie_Tiger
Well-known member
I think that board structure is the only way to stop the lunacy and force them to work together if they can't work it out the 3 independants out vote them pretty simple really hope this comes off.
simonthetiger
New member
Honestly this is awesome news if true,
This year is starting to have a nicer ending,
This year is starting to have a nicer ending,
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Dave Smith has been fervent and open in his desire for NRL clubs to become profitable.
With the right players on the board assisting the process and bringing ideas to the table we might start to be one of those clubs to turn it around
With the right players on the board assisting the process and bringing ideas to the table we might start to be one of those clubs to turn it around
mike
Well-known member
Time to set up a structure to ensure future viability. 2 Members from Wests, 2 from Balmain and 3 from the NRL seems the right mix to me. Time to stop squabbling and do what needs to be done for the benefit of Wests Tigers. Do it now !!!!
_Posted using RoarFEED 2013_
_Posted using RoarFEED 2013_
gallagher
Well-known member
Two things. Firstly I dont like the idea if the NRL having a big say jn the running of any club. Secondly, how are we gonna pay the money back? Even the richest sydney club would struggle with that debt.
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They wont have a big say if the JV partners do their damn job for once.
That is the entire point
That is the entire point
