The NRL must INTERVENE

[Leck]

The HBG licence is part of a heritage deed, which runs out in 2030.

There are two possible outcomes in 2030.

HBG can request to change the club’s name to Wests Magpies, and the NRL can either approve or reject the request.

Alternatively, they can terminate their licence and take over the club’s administration, or allow a new owner to come in.

Considering how HBG has run the club, I think the second possibility is very likely to occur.

 

[innsaneink]

Im sure that is not the only two options

 

[Leck]

Im sure that is not the only two options

Please share, if you're sure.

 

[magpies forever]

Im sure that is not the only two options

Agree. I think a greater danger / opportunity is the NRL cease the license and decrease the number of Sydney teams and offer license to an outside area owner and team. Tigers and Magpies can go jump and new team will have a totally new brand suitable to their purposes.

 

[innsaneink]

Please share, if you're sure.

Things carry on as is

 

[Papacito]

Crookedness?

That's an extraordinary claim. Exactly what laws have been broken?

And what exactly are the NRL intervening on?

 

[king_sirro]

Crookedness?

That's an extraordinary claim. Exactly what laws have been broken?

And what exactly are the NRL intervening on?

Crookedness doesnt mean law breaking. It means moral dishonesty

 

[Winston Churchill]

Dreamin

 

[FinestTigers]

Crookedness?

That's an extraordinary claim. Exactly what laws have been broken?

And what exactly are the NRL intervening on?

Yes crookedness bloody galore, crookedness as in meaning this ancient outmoded governance structure of the HBG group.
As mentioned before.
This debenture system power loop of 20 debenture holders effectively gives the group unchallengeable powers over the WT free from accountability, Because they own the WT outright, any independent board that is established is on borrowed time and at the HBG parent board's discretion as we have witnessed before. The WT or any professional sporting Club can never or could succeed with this type of dumb outmoded governance.

Why the Intervention?

As mentioned before the NRL historically has intervened multiple times with other clubs due to failed or corrupt governance.

Canterbury-Bankstown Bulldogs (2002–2004)

Melbourne Storm (2010)

Newcastle Knights (2014)

Gold Coast Titans (2015)

Without the intervention required by the NRL for a truly modern independent governance structure, the future of the true potential that the WT can be and will be a force to be reckoned with in the NRL will just be an illusion.

 

[wstigers11]

Maybe with PVL now doing both roles there’s more power for him to do something about it

 

[magpies forever]

Yes crookedness bloody galore, crookedness as in meaning this ancient outmoded governance structure of the HBG group.
As mentioned before.
This debenture system power loop of 20 debenture holders effectively gives the group unchallengeable powers over the WT free from accountability, Because they own the WT outright, any independent board that is established is on borrowed time and at the HBG parent board's discretion as we have witnessed before. The WT or any professional sporting Club can never or could succeed with this type of dumb outmoded governance.

Why the Intervention?

As mentioned before the NRL historically has intervened multiple times with other clubs due to failed or corrupt governance.

Canterbury-Bankstown Bulldogs (2002–2004)

Melbourne Storm (2010)

Newcastle Knights (2014)

Gold Coast Titans (2015)

Without the intervention required by the NRL for a truly modern independent governance structure, the future of the true potential that the WT can be and will be a force to be reckoned with in the NRL will just be an illusion.

Didn't NSW Gaming and Licensing find no issues with WA debenture system last year?

 

[diedpretty]

Yes crookedness bloody galore, crookedness as in meaning this ancient outmoded governance structure of the HBG group.
As mentioned before.
This debenture system power loop of 20 debenture holders effectively gives the group unchallengeable powers over the WT free from accountability, Because they own the WT outright, any independent board that is established is on borrowed time and at the HBG parent board's discretion as we have witnessed before. The WT or any professional sporting Club can never or could succeed with this type of dumb outmoded governance.

Why the Intervention?

As mentioned before the NRL historically has intervened multiple times with other clubs due to failed or corrupt governance.

Canterbury-Bankstown Bulldogs (2002–2004)

Melbourne Storm (2010)

Newcastle Knights (2014)

Gold Coast Titans (2015)

Without the intervention required by the NRL for a truly modern independent governance structure, the future of the true potential that the WT can be and will be a force to be reckoned with in the NRL will just be an illusion.

You keep throwing these teams up but thats not true - Canterbury and Melbourene were done for salary cap cheating and removed their own boards - the only NRL intervention with those 2 clubs was to impose fines and deduct competition points.
The NRL only intervened with Newcastle and the Gold Coast because they were both broke and only sold off the licences because the owners at the time were unable to continue due to the financial situation.

 

[FinestTigers]

You keep throwing these teams up but thats not true - Canterbury and Melbourene were done for salary cap cheating and removed their own boards - the only NRL intervention with those 2 clubs was to impose fines and deduct competition points.
The NRL only intervened with Newcastle and the Gold Coast because they were both broke and only sold off the licences because the owners at the time were unable to continue due to the financial situation.

Yes, NRL interventions have been for different reasons and purposes but they are interventions. We want the NRL to intervene to fix and replace an outmoded dumb governance system that no other NRL club has or would ever want. Do you want the NRL to intervene?