Tigers Fighting Fund - How To Donate?
- Thread starter radiowave82
- Start date
GNR4LIFE
Well-known member
Not to sound too cynical, but i'd have thought they would have had too much pride then to ask for handouts from the general public. And if other stories are to be believed in this thread about Hanley and Siro, it seems they have a history of it. Learn to stand on your own two feet.
@GNR4LIFE said:
Learn to stand on your own two feet - shame we don't have a Nick Politis or a Russell Crowe or a Jamie Packer who as supporters all have thrown plenty of money at teams. Well documented that Jamie Packer saved Penrith from financial ruin.. People know the risk if they want to donate - its now or never, but you cant honestly believe that other clubs are doing it alone with out financial supplements from wealthy supporters.
GNR4LIFE
Well-known member
There's a bit of a difference between wealthy benefactors and Joe blow out on the street.
Black & Gold…Never Fo.....how's it go again
@GNR4LIFE said:
Yep Balmain need megabucks….the odd 50, 100 or whatever from their few loyal fans will do nothing.
Hard cold facts of the matter.
150 turned up to the 89 reunion last week
There may be three times that amount members of the FC
Individuals donating imo may as well burn their cash...it will achieve the same result in the end
@GNR4LIFE said:
Absolutely - but it was more the inference of 'standing on your own two feet' that I objected to knowing that it is not a unique situation The monetary value of the Balmain football club can not be measured against the emotional attachment it has within my family. If and when I donate it will only be an amount that I can afford, and am prepared to loose. I refuse to write off the club that I the loved and supported since I was a child due to someone's bad business decision. While I have always embraced the JV, I still would prefer Balmain to be financially viable and active within that structure. Yes the club is on life support, but while there is life there is hope.
T
tigerbalm
Guest
Fighting fund.
That's cute. Good luck!
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That's cute. Good luck!
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Sadly Balmain are drowning in debt…
$2m to be raised in 12 months to retain half ownership of WT.
Add to that:
$12m Balmain Leagues Club existing debts (growing)
Further back pay and future payments owning to WT Pty Ltd.
Unable to contribute any form of $ contribution towards maintenance and upgrades of LO.
Administration Payments owed to Rozelle Village company for purchasing original $23m debt.
Lack of $ to sponsor BDJRL and Harold Matts & SG Ball and Development programs.
Potential monies owes to Ryde-Eastwood Leagues
A Balmain Fighting fund has a long way to go.
The more immediate and permanent dilemma facing Balmain Tigers is the loss of a say in WT and part ownership of WT.
The flow on affect to WT and Balmain League District will not be fully known.. The more emotional likely consequence for Balmain connected fans in the next few years will be end of WT games at LO.
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$2m to be raised in 12 months to retain half ownership of WT.
Add to that:
$12m Balmain Leagues Club existing debts (growing)
Further back pay and future payments owning to WT Pty Ltd.
Unable to contribute any form of $ contribution towards maintenance and upgrades of LO.
Administration Payments owed to Rozelle Village company for purchasing original $23m debt.
Lack of $ to sponsor BDJRL and Harold Matts & SG Ball and Development programs.
Potential monies owes to Ryde-Eastwood Leagues
A Balmain Fighting fund has a long way to go.
The more immediate and permanent dilemma facing Balmain Tigers is the loss of a say in WT and part ownership of WT.
The flow on affect to WT and Balmain League District will not be fully known.. The more emotional likely consequence for Balmain connected fans in the next few years will be end of WT games at LO.
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I think a lot of people are ignoring the reasons why Balmain is in its current predicament.
It was not (originally) due to mismanagement or negligence from the Board at the time. They did something which was adventurous, but had the potential to be hugely profitable, in undertaking the development of the Leagues Club.
As they say timing is everything, and the GFC hit at the absolute worst moment whereby the Group who was going to undertake the redevelopment suddenly went bust. This is coupled with the Labor Govt back flipping on the light rail after making the club buy basically every property on the block, and then the local council doing a 180 on what they originally determined would be a reasonable redevelopment of the site.
Basically everything that could go wrong, did go wrong, leaving the Leagues Club up sh*t creek without a paddle.
This is not absolving the Board of their responsibilities, as they have had 8 years to come up with decent contingency plans. They have failed spectacularly at their duties in making sure the Club remains financial, and the result is the current situation whereby they will be lucky to survive the coming year.
However no-one has mentioned this in all of the above posts, as people seem content to gloss over the reasons for the current predicament and instead lay the boot in and pretend it was the Board's fault all along.
Had the timing been different, and had the State Govt acted appropriately, the development would have probably been completed by now, and the Club would be rolling in cash.
It was not (originally) due to mismanagement or negligence from the Board at the time. They did something which was adventurous, but had the potential to be hugely profitable, in undertaking the development of the Leagues Club.
As they say timing is everything, and the GFC hit at the absolute worst moment whereby the Group who was going to undertake the redevelopment suddenly went bust. This is coupled with the Labor Govt back flipping on the light rail after making the club buy basically every property on the block, and then the local council doing a 180 on what they originally determined would be a reasonable redevelopment of the site.
Basically everything that could go wrong, did go wrong, leaving the Leagues Club up sh*t creek without a paddle.
This is not absolving the Board of their responsibilities, as they have had 8 years to come up with decent contingency plans. They have failed spectacularly at their duties in making sure the Club remains financial, and the result is the current situation whereby they will be lucky to survive the coming year.
However no-one has mentioned this in all of the above posts, as people seem content to gloss over the reasons for the current predicament and instead lay the boot in and pretend it was the Board's fault all along.
Had the timing been different, and had the State Govt acted appropriately, the development would have probably been completed by now, and the Club would be rolling in cash.
Maybe a " plan B " Shouldve been.put in place
I was a Balmain supporter before the merger and while I'd like to still see Balmain run around in RMC or wherever it won't adversely affect the interests of WT, I kind of hope they do default on their half of the JV. It is the only way the club will truly move forward without two clashing agendas/interests etc. I believe the Wests Group will do everything in it's power to act in the best interests of WT.
tig_prmz
Well-known member
Are Wests really strong enough to run WT by themselves?
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@tig_prmz said:
Wests Ashfield are by and far the best qualified party out of all current shareholders to run the club outright, while the intermediary influence of the NRL is acceptable while they stump up the cash it is not a good long term arrangement to have them involved or have a vested interest in the club.
happy_tiger
Well-known member
I'm wondering if the one person who can save Balmain is waiting to see what happens before he makes his move