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@Yossarian said:
Yes, pretty clear both ways !!
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Wests Tigers agree deal for NRL bail-out
- Thread starter LaT
- Start date
Yes, pretty clear both ways !!
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happy_tiger
Well-known member
How is this going to fix Balmains 9.5 million debt ??
In 3 years time , we are still going to have many of the issues that currently weigh the WT's down
Badly thought out quick fix in my opinion
In 3 years time , we are still going to have many of the issues that currently weigh the WT's down
Badly thought out quick fix in my opinion
This first and foremost fixes the faction crap that has held us back. Thats what we should be happy about.
I'm guessing the Balmain debt will be worked on, its not like they will sit around for 3 years doing nothing. How they will do it? NFI, but now we have breathing space…..thats not a bad thing. At a minimum we can at least stop going backwards, even if it means treading water debt wise until we sort stuff out.
Its not like Ashfield lending Balmain money was a great solution either. The money still needs to be paid back, difference is we can still remain a JV.....one club. Not sure how we could honestly call ourselves a JV with Wests running things.
And before people point out that Balmain ran things....how did they do that with a 50/50 board split?
I'm guessing the Balmain debt will be worked on, its not like they will sit around for 3 years doing nothing. How they will do it? NFI, but now we have breathing space…..thats not a bad thing. At a minimum we can at least stop going backwards, even if it means treading water debt wise until we sort stuff out.
Its not like Ashfield lending Balmain money was a great solution either. The money still needs to be paid back, difference is we can still remain a JV.....one club. Not sure how we could honestly call ourselves a JV with Wests running things.
And before people point out that Balmain ran things....how did they do that with a 50/50 board split?
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@LaT said:
Well that explained a lot,
I'm guessing,
NFI, breathing space,
Treading water, not going backwards,
Seems you done care what happens LaT so long as Wests don't have control.
Bit of a contradiction from an earlier post don't you think.
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@Guest said:
Its called being honest. I won't lie and say I know how Balmains debt will be fixed….but yeah **** me for being honest right?
I care about Wests Tigers. And for the club that means a board not divided and ruled by factional idiots. People arguing that we shouldn't take the NRL deal are doing so because they want their side to take over. Thats terrible reasoning.
So if that means an independent board in return for assistance, I am all for it. ZERO contradiction there champ.
Seriously, how can anyone think that the way we have operated in the past, is the way we should operate in the future?
Coastie_Tiger
Well-known member
Well I think this is a good thing independants on the board if they do something we don't agree with on a wests and Balmain level it's simply out voted by working together like what should have been done from the start.
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Guest
Guest
@Magpie Magic said:
And look how that worked out for the might of the empire…Luke Skywalker baby :mrgreen:
Bottom line this buys Balmain some time how much ?Balmain are busted in the end the partner with the strength in terms of $$$ will control the club. IMO Balmain have given themselves a death warrant by selling themselves to the NRL while the Wests side of the merger go from strength to strength ..Balmain should of let Wests keep it in house.If you think the independent board members have the best interest of the club at heart you will be disappointed this only lessons Balmains hold on the club .When the proverbial hits the fan I know which way the so called INDETPENDENT board will vote and that will be where the. $$$ is.
Snake, I seriously doubt that will happen but if it does, the Wests Tigers Brand will remain intact. And frankly, i couldn't care less about balmain and wests. I respect the history they bring to the club, but as long as MY club the wests tigers is in the NRL and does well, im happy.
weststigers4life
Active member
Terrific decision & about bloody time we start making decisions for the best interest of WT's. Finally as a club we are starting to move in the right direction.
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innsaneink
Well-known member
Some good points raised and there could be cause for concern
Gary_Bakerloo
New member
@magpiecol said:
No. I am saying that being "independent" does not necessarily mean the person is going to make the best decision. Other skills as I have mentioned are more important.
@pHyR3 said:
Of course the club will remain the Weststigers I don,t think anyone would expect anything else, I just don,t understand why Balmain would want to relinquish any power totally when an offer was given on a temporary basis. The only reason I can see is there financial situation is worse than is being portrayed.
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I assume this is a one off loan. The NRL aren't buying into the partnership.
So if we have another bad year, like this one, Wests and Balmain will have to top up the difference, I seriously doubt we would go back to the NRL again, so being the devils advocate, wests will again offer to top up the difference, making them the major contributor, the result will simply compel the independents to go along with the financially stronger partner.
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So if we have another bad year, like this one, Wests and Balmain will have to top up the difference, I seriously doubt we would go back to the NRL again, so being the devils advocate, wests will again offer to top up the difference, making them the major contributor, the result will simply compel the independents to go along with the financially stronger partner.
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Coastie_Tiger
Well-known member
As long as this wests v Balmain crap exists we aren't going to move forward as a club, there will never be another western suburbs magpies or Balmain tigers in the NRL. We as supporters need to get over this just as much as our idiotic and dysfunctional board.
Bring on a board that can actually steer the ship, the only two boards that get spoken about in the media are ours and the eels enough said 15 th and 16 th….
Bring on a board that can actually steer the ship, the only two boards that get spoken about in the media are ours and the eels enough said 15 th and 16 th….
It's not as if the nrl independents are going to be running the board. A combined Western Suburbs/Balmain vote will hold the floor. So IF there were moves afoot to relocate, IF the proverbial does hit the fan, IF it was the nrl's longer term plan to have a team in the west, then the remaining non-nrl board members could veto the move.
The fact is that no-one on this forum knows the details of the arrangements (financial and otherwise) so this speculation, although entertaining, is not necessarily pertinent to the actual situation. At the end of the day, the way the J/V board was behaving was untenable and unsustainable. Changes needed to be made. I for one, am pleased that those changes have been made.
The fact is that no-one on this forum knows the details of the arrangements (financial and otherwise) so this speculation, although entertaining, is not necessarily pertinent to the actual situation. At the end of the day, the way the J/V board was behaving was untenable and unsustainable. Changes needed to be made. I for one, am pleased that those changes have been made.
diedpretty
Well-known member
Maybe we could do a Cronulla - take the loan for admin purposes and use it to buy back Fafita.
Seriously though it would be interesting to find out the terms of the loan - what will be the impact on WT when the funds have been used, the loan is still outstanding and Balmains financial position hasnt improved. Is it back to square one. I just hope WT aren't putting the JV in to a downward spiral.
Seriously though it would be interesting to find out the terms of the loan - what will be the impact on WT when the funds have been used, the loan is still outstanding and Balmains financial position hasnt improved. Is it back to square one. I just hope WT aren't putting the JV in to a downward spiral.
