During my working life, I managed a couple of companies. As the boss, I always held the whip hand, when it came to employment. Employee contracts should always contain targets, which must be met to stay in the job. If the targets (KPI's) were not met the employee was liable not to have his contract extended.
From the outside, it looks like the Sheens contract did not contain targets, so that failure by Tim Sheens to achieve the targets at the end of each season meant the contract could be terminated, immediately. If this was so, who drew up the contract?
As a joint-venture, the Wests Tigers set up appears to be fraught with danger, because when the financials start looking bad, are there any "ownership" changes in the joint-venture agreement, which are designed to allow Wests Tigers to make necessary changes to fix the problem.
_**As I have posted before, I think the only way for Wests Tigers to be able to reach their real potential is for them to become a limited company with shares made available to the club members and outside investors. The government regulations applying to companies would force the Tigers operation to be transparent, rather than the current secret society only open to a lucky few.**_