Tigers fall into debt crisis

[diedpretty]

As an old Magpies fan if it is true that the Balmain side of the venture isn't keeping up their end of their payments then this really sickens me. When the merger took place I embraced it straight away but through the years I have noticed Wests have become less and less a part of this. Leichhardt this, Black & Gold that…

Honestly, I could live with WSFC taking this all over and moving to Perth. Id rather see my team every second week then the current situation.

Again, I only feel this way if Balmain are not paying their way.

I'm sure Balmain would pay if they could.

I'm sure they would too - but that is not the point - too many people are looking solely at the football perspective of this topic - the Wests Group would be looking at this from a business perspective - they entered into a partnership agreement with another party to fund WT - that paarty is now not meeting its finacial committments and the Wests Group have every legal right to look at what options are available to it - in a normal business in this situation the partnership would be dissolved and the finacial partner given the opportunity to buy out the others share - this is all hypothetical of course because whatit comes down to is what was written in to the original agreement should one side not be able to meet its financial committments and as far as i know none of us on this forum have a clue what that is.

 

[GNR4LIFE]

Be good to have a balance sheet each year

So as a customer you expect to see a balance sheet? The only people who have the right to see that are the owners (Balmain and the Wests Group), and their respective members. If you are one of these, I'm sure you have the right to see that, and if not bring that point up at an AGM so it can be explained and discussed.

I'm a member of balmain and wests but do not get wests tigers financial info…
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Thank you angeman…as it was when I was a Magpies FC member.
Benjirific seems to not tell the whole story

**Very few care about the old entitys......in 5 or 7 years time the junior rep teams will likely be WTs too...
Who wnats to be a member of a club whos teams are high school kids,** most of us will or have been there at some stage as parents, wether it be RL or whatever other pursuits the kids follow....and believe me you have to pay THEN

The fossils on the Magpie forum would be well advised to take note of this statement. You try and talk logic with them and you get accused of being as an ex-Balmain in disguise. Apparently no ex-Magpie fan is capable of accepting this JV

 

[Snake]

So as a customer you expect to see a balance sheet? The only people who have the right to see that are the owners (Balmain and the Wests Group), and their respective members. If you are one of these, I'm sure you have the right to see that, and if not bring that point up at an AGM so it can be explained and discussed.

I'm a member of balmain and wests but do not get wests tigers financial info…
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Thank you angeman…as it was when I was a Magpies FC member.
Benjirific seems to not tell the whole story

**Very few care about the old entitys......in 5 or 7 years time the junior rep teams will likely be WTs too...
Who wnats to be a member of a club whos teams are high school kids,** most of us will or have been there at some stage as parents, wether it be RL or whatever other pursuits the kids follow....and believe me you have to pay THEN

The fossils on the Magpie forum would be well advised to take note of this statement. You try and talk logic with them and you get accused of being as an ex-Balmain in disguise. Apparently no ex-Magpie fan is capable of accepting this JV

Please,please don't put all us ex Magpies in one basket . The ones that can't deal with the JV are the few not the many and take that from some that knows .Of the real Ex magpie fans back to the Lidcombe days we support the JV because we have seen what could of been but just was a waste and mismanaged and now they cry!!!! Maybe should of done something like 15 years ago guys.
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[GNR4LIFE]

I know Snake and this is what you try and tell them, but they are that pig-headed and so tightly wrapped up in their little bubble not knowing whats going on in the rest of the world they don't think you could possibly be for real :crazy

 

[innsaneink]

Yeh its funny & strange, there DOES seem to be some distinct pre & post 87 Magpies mobs….though I do see the Cambo mobs point somewhat, footy was tribal back then around Lidcombe & Ashfield, your team generally chose you based on where you were from.....my team left me and went somewhere Id never heard of or had been to before, I know they had no choice, but something was lost for me then, something changed

 

[1974semifinal]

Yeh its funny & strange, there DOES seem to be some distinct pre & post 87 Magpies mobs….though I do see the Cambo mobs point somewhat, footy was tribal back then around Lidcombe & Ashfield, your team generally chose you based on where you were from.....my team left me and went somewhere Id never heard of or had been to before, I know they had no choice, but something was lost for me then, something changed

That was the end basically..

 

[system]

the old man was a big magpies fan but stopped following them when they moved West as they were no longer his team. Slowly stopped following the game from that point.

He did watch the 2005 season with a smile from the back end of the season through to the end though

 

[Flippedy]

Yeh its funny & strange, there DOES seem to be some distinct pre & post 87 Magpies mobs….though I do see the Cambo mobs point somewhat, footy was tribal back then around Lidcombe & Ashfield, your team generally chose you based on where you were from.....my team left me and went somewhere Id never heard of or had been to before, I know they had no choice, but something was lost for me then, something changed

That was the end basically..

God that's exactly how I felt too! I always went, of course, but I could never get attached to Campbelltown very much. Wests being based there just didn't seem right to me, but I understood at the time that progress and expansion was necessary. In a strange way, I was happy when the JV with Balmain brought the focus of the team back to the area I grew up in and knew as the western suburbs - Burwood, Concord, Strathfield, Ashfield etc.

 

[wtfl1981]

WT history (of both foundation clubs) lies in the inner west.. Its future and growth lies in the south west..
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[kayseegrant]

Things may get worse before they get better in the European financial crisis. The European Central Bank is pressuring for a combined guarantee on bank deposits across the euro zone, amid worries that bank runs will spread like wildfire as investors head for the hills. Top economic official of the European Commission Olli Rehn cautioned that without additional monetary discipline, Europe will descend into a [financial chasm](https://personalmoneynetwork.com).

 

[Knuckles]

Ever heard of fiscal stimulus ? Ever heard of Mario Draghi ?
Anyway, Europes a long way from Rozelle so I don't see the point.