Problems with Balmain?

@Abraham said:
@GNR4LIFE said:
He's a myth

For a myth, he's sure pumped a sh*t load of money into the tigers over the years.

_Posted using RoarFEED 2013_

Where's he been lately?

Only ever seems to come out of the woodwork when we're in the top 4
 
Two questions:

1\. How much did Tigers Leagues part with the land for? All I remember is that some people said it was undervalued and they got shafted. If all they got out of it was guaranteed floor space in the new development then whomever brokered the deal should be hung, drawn and quartered.

2\. Wasn't the whole premise of this the failed development due to the proposed underground railway? What recourse does Tigers have to take action against the state government?
 
@GNR4LIFE said:
@Abraham said:
@GNR4LIFE said:
He's a myth

For a myth, he's sure pumped a sh*t load of money into the tigers over the years.

_Posted using RoarFEED 2013_

Where's he been lately?

Only ever seems to come out of the woodwork when we're in the top 4

Where's he been lately?

On the front of our fricken jersey, that's where.

And last time I checked, we were in the bottom 4, rather than the top 4.
 
@GNR4LIFE said:
@Abraham said:
@GNR4LIFE said:
He's a myth

For a myth, he's sure pumped a sh*t load of money into the tigers over the years.

_Posted using RoarFEED 2013_

Where's he been lately?

Only ever seems to come out of the woodwork when we're in the top 4

he resigned his multimillion deal with us even though we're down in the dumps.

he also was displeased with the old admin for not coming to him regarding the balmain leagues club as he would obviously have a lot more influence there.
 
@Cultured Bogan said:
Two questions:

1\. How much did Tigers Leagues part with the land for? All I remember is that some people said it was undervalued and they got shafted. If all they got out of it was guaranteed floor space in the new development then whomever brokered the deal should be hung, drawn and quartered.

My understanding is that they sold the land for the value of their debt + $1.00.

The SMH had the amount paid at $24m or thereabouts

@Cultured Bogan said:
2\. Wasn't the whole premise of this the failed development due to the proposed underground railway? What recourse does Tigers have to take action against the state government?

Mate I think everyone would like to know this, and why no legal action has been taken against the NSW Govt who jerked us around for so long.

Maybe its a case of not wanting to upset the govt while the development application is still on the table, I don't know.

But its something a lot of fans want answered.
 
This is not good for Balmain or one of the WT Directors….

SMH Article 18-2-14

Liberal identity Nick Di Girolamo has resigned as a director of the state-owned State Water Corporation following the announcement he was embroiled in a major corruption inquiry.

Mr Di Girolamo – a prominent Liberal Party figure known for his fund-raising prowess – was appointed to a $100,000 position on the board of a state-owned corporation by the NSW government in 2012.

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Mr Di Girolamo was chief executive of Australian Water Holdings, whose links to the former Labor powerbroker Eddie Obeid were revealed by a Fairfax Media investigation.

On Tuesday, the Independent Commission Against Corruption announced a public inquiry into allegations of corrupt conduct involving "public officials and persons with an interest in Australian Water Holdings".

The ICAC said it was alleged that in November 2012, Mr Di Girolamo, as chief executive of Australian Water Holdings, and Eddie Obeid jnr sought to mislead the commission over whether Mr Obeid snr had misused his position as an MP to benefit the company.

It will also examine allegations that Australian Water Holdings, through Mr Di Girolamo, made regular payments to a company, Eightbyfive, owned by Tim Koelma, an adviser to then energy and resources minister Chris Hartcher.

The ICAC said it was alleged that the payments were made "purportedly for the provision of media, public relations and other services and advice, in return for which Mr Hartcher favoured the interests of AWH".

Last year, Treasurer Mike Baird was questioned during budget estimates hearings about the appointment of Mr Di Girolamo to the State Water Corporation board.

Fairfax Media had revealed election funding records showed Australian Water Holdings donated $10,000 to Nationals MP Katrina Hodgkinson in October 2010, while she was opposition water spokeswoman.

Mr Di Girolamo was appointed to the board of State Water in July 2012 at which time Ms Hodgkinson was water minister with responsibility for the corporation.

The Australian Electoral Commission later acknowledged the donation was to the Nationals, and not to Ms Hodgkinson personally.

Mr Baird, who was a shareholding minister for State Water Corporation, told the estimates hearing that all board appointments were made on merit and approved by cabinet.

On Tuesday, Mr Baird issued a statement revealing Mr Di Girolamo had resigned as a director of State Water.

"Mr Di Girolamo has today resigned from the State Water board," he said. “We thank Mr Di Girolamo for his service.”

On paper, Mr Di Girolamo appears to have divested himself of shares of Australian Water Holdings and in related company Australian Water Queensland.

He resigned from the board of Australian Water Holdings in April last year and from associated companies in October.

_Posted using RoarFEED 2013_
 
@Abraham said:
@Cultured Bogan said:
Two questions:

1\. How much did Tigers Leagues part with the land for? All I remember is that some people said it was undervalued and they got shafted. If all they got out of it was guaranteed floor space in the new development then whomever brokered the deal should be hung, drawn and quartered.

My understanding is that they sold the land for the value of their debt + $1.00.

The SMH had the amount paid at $24m or thereabouts
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I heard this prior to Christmas from someone inside the club, we sold it all to an overseas developer for approximately 30 odd million (maybe $32, I forgot) had massive debts owing around that $30 mill and pocketed a couple of million. In return the developer agreed to build another leagues club which we have first option and rent back… I never said anything because I thought it was BS.. But could be right after you seeing that article
 
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