Taking a wrecking ball to the club! (Recent Media Reports)

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BZN said:
G'day diedpretty...and the only people from outside our club that could well be causing destabilization [if that is the case] amongst the board are Balmain people like Benny Elias, Danny Stapleton and the wiggliest wiggle of all being the Blue Wiggle.
I would have thought that 2 supposedly intelligent people and Benny Elias, would realise when you do dumb acts like this, yuh gunna cause unwanted conflict among a certain amount of people.
But in saying that, there are posters on here that very seldom appear until there is a breakout of conflict and that brings out the best, or worst in them...weird!
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Like yourself ?
 
diedpretty said:
They go back a lot further than 1996. Also as Cochise pointed out the HBG board of 7 consists of 5 debenture holders so they will always hold the power. Same old story - why would they vote to pay them out and lose the power they have. The only way the debentures will disappear is with a change to the HBG constitution.
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How does a club that doesn’t just operate 1 club but multiple , so it’s a multi million dollar business , have a debenture setup in the first place in 2024?
How are these people proven to not just be skilled enough to keep the lights open at Ashfield but skilled enough to expand the business and continue growth , as per most business’ responsibility , usually tot just shareholders ?
This is a serious question. I honestly don’t understand how these people are vetted . How hasn’t the club imploded by simple popularity votes ? Is there some mechanism to prevent it ?
Does anyone actually know the answer to this ?
 
innsaneink said:
What's a debenture holder

Simple lingo plz
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A debenture is like a Government bond but it's issued generally by a business. It's generally an old idea before venture capitalists and large investment banks were common. Companies would issue the debentures at, for example, 5% interest over 5 years, to raise cash for expansion. These days, any business with good numbers or its own property would just borrow from a bank and startups would go to some venture capitalist.
 
BZN said:
With 💯 honesty weststigers, thank You for this very excellent, unbiased and no bs post.

Thank goodness you understand things from a Magpies pov, particularly when you may well have been a Balmain supporter prior to Wests Tigers.

The Magpies were indeed shafted and Imo any reasonable and fair thinking fan would realise this and accept it, please.

THIS POST weststigers, IS THE MOST MEANINGFUL POST I HAVE READ ON HERE, and I will be very disappointed if all this JV nonsense doesn't soon STOP.
Plus I 💯agree with everything else in your post.
Congratulations weststigers 👏👏👏👏👏👏👏, as I feel your post could well result in you winning the.......Nobel Peace Prize.......for stopping the WTF JV war for good 🙏🙏🙏.
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Shafted 🤣
Man, you are petty.
Wests got the Wests in the name of Wests Tigers plus the original Magpie logo on the shoulder it's been there for a quarter of a century
Balmain got the Tiger in the but its 'Wests' Tiger not a Balmain one.... I see no shafting but of course there is none and you know all this already... It's so petty it's either trolling or you need some sort of guidance if this has bothered you for twenty five freeking years
 
Isn't being a debenture holder,lending money to a club for a small return with no say how that club operates.Pointless if the club is flushed with funds ,not starting like clubs in 1950 scraping money for some tin n wood
 
Lestronge said:
How does a club that doesn’t just operate 1 club but multiple , so it’s a multi million dollar business , have a debenture setup in the first place in 2024?
How are these people proven to not just be skilled enough to keep the lights open at Ashfield but skilled enough to expand the business and continue growth , as per most business’ responsibility , usually tot just shareholders ?
This is a serious question. I honestly don’t understand how these people are vetted . How hasn’t the club imploded by simple popularity votes ? Is there some mechanism to prevent it ?
Does anyone actually know the answer to this ?
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Because it is in the constitution that was first set up 40-50 years ago.
 
Merlot said:
Isn't being a debenture holder,lending money to a club for a small return with no say how that club operates.Pointless if the club is flushed with funds ,not starting like clubs in 1950 scraping money for some timber n wood
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The Debenture Holders at the Holman Barnes Group appoint the majority of the board.
 
innsaneink said:
Which Club?
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It would have been Wests Magpies.

Merlot said:
Isn't being a debenture holder,lending money to a club for a small return with no say how that club operates.Pointless if the club is flushed with funds ,not starting like clubs in 1950 scraping money for some timber n wood
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Unless you create a separate class of shareholder (or member) with greater voting rights for the debenture-holders.

HBG only has 177 general members, 6 Life Members and 389 Perpetual Members. The other 30,000 are Social Members. I don't know what the breakup of voting rights/privileges is.
 
farmduck said:
It would have been Wests Magpies.


Unless you create a separate class of shareholder (or member) with greater voting rights for the debenture-holders.

HBG only has 177 general members, 6 Life Members and 389 Perpetual Members. The other 30,000 are Social Members. I don't know what the breakup of voting rights/privileges is.
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The 18 Debenture Holders vote in 5 of the directors the General Membership vote for the other 2 directors.
 
cochise said:
The Debenture Holders at the Holman Barnes Group appoint the majority of the board.
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Thanks ,im out on this thread to much crap slushing about on this subject which is a shame .Bloody computers always lead down multiple rabbit holes .WESTTIGERS 4 EVER
 
cochise said:
Highly unlikely that the debenture system is ever removed from the HBG.
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Independant's on WT board negate their sway ,all good then?Different factions not having casting vote ,which goes to Barry/future truly independent brain with the betterment of the WT's front n center ,if factions are evenly stacked, which is worse cause scenario ?
 
Merlot said:
Independant's on WT board negate their sway ,all good then?Different factions not having casting vote ,which goes to Barry/future truly independent brain with the betterment of the WT's front n center ,if factions are evenly stacked, which is worse cause scenario ?
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That was the recommendation from the Crawford/ Barnier review last year. 7 seat Wests Tigers Board with 4 independents and 1 seat each for the ownership group.

This is what we are still waiting to be implemented.
 
jadtiger said:
The benefit is having 2 teams of juniors coming through which should give us a better chance of identifying who to keep also it makes it easier for training purposes to keep 2 locations working or you would find players in one area going to play for a closer club than the one they are a junior of.That can be a massive issue at Mathews or Ball level
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This. The reality is we have a joint venture structure. It’s not a typical partnership where you can simply separate as both foundation clubs are deeply integrated into the Wests Tigers brand and are a key part of our identity. This is often overlooked in discussions. It shouldn't be perceived as an Us Vs Them dynamic - we have a unique advantage and that distinction can be our biggest strength if leveraged correctly.
The club has already identified our junior pathways as vital to its future success, with the growth of Campbelltown being a crucial part of our strategic planning. Both Wests and Balmain juniors represent our goldmine and securing this talent pool is essential for the club’s long term future. If internal issues or management decisions hinder this process, there’s a risk that rival clubs - like the Bulldogs - could encroach on our territory and capitalise on any instability to strengthen their own position in the region.

Focusing on divisive issues does little to address the broader challenges the club faces. The most urgent priority should be aligning on a unified direction, with careful attention in executing the external review's recommendations Ensuring the long-term health and success of the Wests Tigers remains at the forefront of the club's efforts.
 
Merlot said:
Breaks my heart every time i see your avi, looks like 1 of only 2 pets i truly loved.Like your banter thou
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I thought exactly the same thing.

I had such a beautiful Pekin duck, the best friend I ever had, followed me around every where on the property.

She also laid the best eggs that averaged out at about 110-115 grams each.

The only thing I could fault about her (and probably any duck for that matter), absolutely no control what so ever over her arse hole, projectile crap everywhere.
 
cochise said:
That was the recommendation from the Crawford/ Barnier review last year. 7 seat Wests Tigers Board with 4 independents and 1 seat each for the ownership group.

This is what we are still waiting to be implemented.
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Who chooses the independents and how do the future appointments get removed / replaced.
 
cochise said:
That was the recommendation from the Crawford/ Barnier review last year. 7 seat Wests Tigers Board with 4 independents and 1 seat each for the ownership group.

This is what we are still waiting to be implemented.
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Thought so,Thanks ,nothing to do with some dude cant find his monocle while bird watching or world domination.simples
 
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