Eastsi have been buying property up for a decade.
That's how far we are behind. But theirs are ones that make them money as a financial return. Not a old school boarding house.
The NRL must INTERVENE
- Thread starter FinestTigers
- Start date
That's how far we are behind. But theirs are ones that make them money as a financial return. Not a old school boarding house.
wstigers11
Well-known member
Yeah we only just got out of debt a few years ago
tig_prmz
Well-known member
You have to start from somewhere and if started, then build from it.
Roosters may have done more than us 10 years ago but again that's what the goal should be.
How many of our pathways kids have had other jobs other than footy?
All high level sporting organisations do it and hopefully we are too, or looking to do it.
If we are making $25m a year (incl NRL grant), then we gotta be spending a lot more on assets. We are probably spending 80-85% of that on player salaries in the NRL which to me is almost a depreciating asset (not exactly).
wstigers11
Well-known member
We aren’t making $8m profit, only just broke even under Richo for the first time in 10 years
$5.5m loss 2 previous years
Leck
Well-known member
All good, some of your comments have sounded like that. Thanks for letting me know. I’ve got a lot of Kiwi mates who love the Tigers and make similar comments.
I understand how important it is to build our grassroots system, and that HBG is not doing that well.
More importantly, we’ve been the most losing club since 2011, and it affects every level of how we develop.
I have no idea what the answer is, it’s way above my pay grade, but let’s get real - something has to change, and quickly.
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FinestTigers
Well-known member
I have a lot of wonderful kiwi mates too Leck. And losing since 2011 is the question and the answer as well mate.
To give us a simpler understanding here is a graph representation with the list of typical priorities comparing the two governance models.
As you can see in a typical debenture structure, the football operations is at their bottom of their priorities.
Unless another 2005 miracle happens which i highy doubt now with an even smarter and stronger competition.
There are two chances, Buckleys and none for the WT or any other professional club that could ever succeed with this outmoded type of governance.
FinestTigers
Well-known member
This joke of a governance deserves some jokes too.
Delving Inside Wests Ashfield debenture governance.
If you were wondering how a vacant debenture slot was filled, it is done by an ancient ritual.
White Smoke at Ashfield.
When a debenture slot becomes vacant, thousands of general members wait for an election. Instead, white smoke rises from the kitchen vents of the Wests Ashfield Bistro, signalling that the remaining debenture holders have chosen a guy named Gary who has held a club member card since 1974.
Delving Inside Wests Ashfield debenture governance.
If you were wondering how a vacant debenture slot was filled, it is done by an ancient ritual.
White Smoke at Ashfield.
When a debenture slot becomes vacant, thousands of general members wait for an election. Instead, white smoke rises from the kitchen vents of the Wests Ashfield Bistro, signalling that the remaining debenture holders have chosen a guy named Gary who has held a club member card since 1974.
magpies forever
Well-known member
Agree, it seems bad but I dont know the whole story. Having given that slight caveat, the general concept that the debenture system has to go is right but how?
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