Threat to Tigers' future

[wtfl1981]

I know magpies fc could not survive without ashfield, wests juniors wouldn't be funded without campbelltown plus both clubs contribute to WT…. How does balmain fc support its junior league, nsw cup and contribution to WT without a viable leagues club?
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[Cultured_Bogan]

I hope I live to see the day Wests Tigers has its own football club.
It will be a like a "Wests Tigers Independance Day"

I would too, I think this is a very long way off though.

 

[Gary_Bakerloo]

Yes as he says - "hard". He doesn't say impossible.

Under their current funding structure, it is not sustainable for Balmain Football Club to support Wests Tigers AND fund a state cup team and junior development. They may be able to continue for another couple of years but just by reading the annual report of Balmain Leagues you can tell that without the Rozelle development, it is on it knees. This is why there is the push for one state cup team

This discussion has been interesting with many posts essentially being, "move along, nothing to see here…" I will say that the herald article is refreshing compared to the rubbish produced by Paul Kent back in January about Western Suburbs. More facts about this JV are now out in the public and hopefully this leads to a better understanding in the rugby league public of how our club operates.

Couple of points in this discussion:

1\. The title of the article states "Threat to Tigers' future"? Sorry, is this Balmain Tigers or Wests Tigers? I can't see any threat to Wests Tigers.

2\. Like or not, leagues clubs will continue to play a role in NRL clubs. Yes, the model of being solely reliant on a Leagues club is finished, but they will still have a role to play. We have three leagues clubs to support our club in times of need. Two of these clubs have expanding balance sheets and are profitable. Hopefully Rozelle gets off the ground and we have that additional support (via Balmain FC). Much prefer our model to private individual ownership as fans and the community contribute to the NRL club, not rely on a wealthy individual to provide charity.

3\. Wests Group buy out Balmain FC? Highly doubt it as this would imply Wests Group would have to buy out 50% of Wests Tigers. Balmain would correctly expect this valuation would be based on future cash flows and I would think this to be quite a significant price. As fans of Wests Tigers, we don't want this ugly scenario.

4\. Balmain could just use its equity in Wests Tigers to secure funding from banks. At this stage, would that be sufficient collateral? Admittedly the future value of the club should be positive as per point 2, but banks at this stage would require some assets within the JV as collateral. What assets are available? My view would be that the balance sheet of the Wests Group would be the best option, however would Wests Group agree?

5\. Harry from Meriton would just pick up the funding. Why? I would think he would be more interested in Wests Tigers than worrying about Balmain Tigers. Why invest in something that is losing truckloads? Why get involved in all the board room rubbish as per the Manly squabble? He is also putting in enough with the current sponsorship.

Rozelle needs to get off the ground, but if it doesn't, Balmain leagues would then have to look at options for the Five Dock and Flemington sites. If this is not the best option, why not sell up and work with Wests Ashfield on a development (no idea how this would work, but just trying to think outside the square)?

 

[system]

All fair points GB.

I would add that the partnership with Ryde Eastwood is a major relief of burden in terms of financial stress.

 

[wtfl1981]

Valids points GB but i guess its just one of those uncertainty clouds hanging over WT

Interesting times ahead either way for both sides of the JV
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[Tigersmurf]

I know this may be controversial, maybe impossible, but would it operate better to rebadge all the clubs as Wests Tigers rather than Magpies and Balmain Tigers? That would take a lot of division out of the public view and enable the clubs to work together. This way they wouldn't need to feel that they were competing against each other but would rather be working to achieve the same goal.

This need not mean that Wests Ashfield need take on the debt of Balmain for example as they could each remain independent behind the scenes.

We don't want to throw out 100 years of history, but I just thought it may be worth putting this idea out there for discussion given that there was talk of merging the State Cup sides.

 

[wtfl1981]

I know this may be controversial, maybe impossible, but would it operate better to rebadge all the clubs as Wests Tigers rather than Magpies and Balmain Tigers? That would take a lot of division out of the public view and enable the clubs to work together. This way they wouldn't need to feel that they were competing against each other but would rather be working to achieve the same goal.

This need not mean that Wests Ashfield need take on the debt of Balmain for example as they could each remain independent behind the scenes.

We don't want to throw out 100 years of history, but I just thought it may be worth putting this idea out there for discussion given that there was talk of merging the State Cup sides.

U mean football clubs or leagues clubs?
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[rossop]

Im an old Wests supporter and I dont really understand the ins and outs of it all. What I want is to see a strong Wests Tigers in their current guise, whatever it takes. One thing I reckon is that the NRL could not care less about what happens to Balmain or Western Suburbs.

 

[happy_tiger]

Biggest threat to the Tigers will be making sure when the NRL starts looking at relocating the Sydney clubs (it will happen at some stage , Sydney can't keep supporting so many sides ) that we are financially viable and well run both on and off the field

 

[Cultured_Bogan]

I know this may be controversial, maybe impossible, but would it operate better to rebadge all the clubs as Wests Tigers rather than Magpies and Balmain Tigers? That would take a lot of division out of the public view and enable the clubs to work together. This way they wouldn't need to feel that they were competing against each other but would rather be working to achieve the same goal.

This need not mean that Wests Ashfield need take on the debt of Balmain for example as they could each remain independent behind the scenes.

We don't want to throw out 100 years of history, but I just thought it may be worth putting this idea out there for discussion given that there was talk of merging the State Cup sides.

U mean football clubs or leagues clubs?
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I would imagine he's talking about the leagues clubs. Obviously retain the football clubs as their own separate entities, but merge the leagues clubs.

If it were a serious consideration, it wouldn't and shouldn't happen until Balmain Leagues is financially viable again. It would be unfair to expect Wests Group to take on debt it had no part in accruing.

 

[Tigersmurf]

I know this may be controversial, maybe impossible, but would it operate better to rebadge all the clubs as Wests Tigers rather than Magpies and Balmain Tigers? That would take a lot of division out of the public view and enable the clubs to work together. This way they wouldn't need to feel that they were competing against each other but would rather be working to achieve the same goal.

This need not mean that Wests Ashfield need take on the debt of Balmain for example as they could each remain independent behind the scenes.

We don't want to throw out 100 years of history, but I just thought it may be worth putting this idea out there for discussion given that there was talk of merging the State Cup sides.

U mean football clubs or leagues clubs?
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I would imagine he's talking about the leagues clubs. Obviously retain the football clubs as their own separate entities, but merge the leagues clubs.

If it were a serious consideration, it wouldn't and shouldn't happen until Balmain Leagues is financially viable again. It would be unfair to expect Wests Group to take on debt it had no part in accruing.

Thanks CB, that is what I was getting at.
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[magpiecol]

There is a great Leagues Club and football ground at Gosford.

 

[Cultured_Bogan]

There is a great Leagues Club and football ground at Gosford.

Yeah, amateur hour was yesterday Col.

 

[georgebeema]

Rozelle development will go through, gauranteed…... Will be years before it is finished even if they start now. So balmain will need to find a few mil till then but when it does go through...........big dollars
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[innsaneink]

Rozelle development will go through, gauranteed…... Will be years before it is finished even if they start now. So balmain will need to find a few mil till then but when it does go through...........big dollars
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Guaranteed how?

 

[BenjiMagic96]

what does this mean?!?!? we will be magpies later?

 

[Yossarian]

what does this mean?!?!? we will be magpies later?

Are you for real? If you are being serious the answer to the 2nd question is no.

What does this mean? It means Balmain are stuggling because they can't build a new club. I'm pretty confident at some point it will be redeveloped. It's a matter of what and when. In the mean time I don't see a lot changing

 

[magpiecol]

There is a great Leagues Club and football ground at Gosford.

Yeah, amateur hour was yesterday Col.

The only thing amateur about this matter is the Leagues Club developers.

There is no way that this will be passed by the Greens. It will take a protracted Court case which they may win. Then again they may not. Then there is the appeal process. Another few years and big dollars for legal Counsel.

In the meantime, who pays the Balmain side of things?

If West have to pay the freight, then they will own the club, lock, stock and barrel. Wests Magpies anyone?

 

[Yossarian]

There is a great Leagues Club and football ground at Gosford.

Yeah, amateur hour was yesterday Col.

The only thing amateur about this matter is the Leagues Club developers.

There is no way that this will be passed by the Greens. It will take a protracted Court case which they may win. Then again they may not. Then there is the appeal process. Another few years and big dollars for legal Counsel.

In the meantime, who pays the Balmain side of things?

If West have to pay the freight, then they will own the club, lock, stock and barrel. Wests Magpies anyone?

When was the last time a council appealed against a state government planning decision? I mean seriously…
I'll ignore your attempts at trolling at the end, obviously the medication is wearing off again.

 

[GNR4LIFE]

There is a great Leagues Club and football ground at Gosford.

Yeah, amateur hour was yesterday Col.

The only thing amateur about this matter is the Leagues Club developers.

There is no way that this will be passed by the Greens. It will take a protracted Court case which they may win. Then again they may not. Then there is the appeal process. Another few years and big dollars for legal Counsel.

In the meantime, who pays the Balmain side of things?

If West have to pay the freight, then they will own the club, lock, stock and barrel. Wests Magpies anyone?

When was the last time a council appealed against a state government planning decision? I mean seriously…
I'll ignore your attempts at trolling at the end, obviously the medication is wearing off again.

Boy oh boy, can't even take a joke? Try not to take things so seriously Yoss. Way to ruffle the feathers Col. Sure to get a few stern, humorless responses like this one with that comment