Wests Tigers need quick $1m to survive

[system]

Well I personally believe there should be a temporary restructure to reflect financial contribution. It makes sense.

I also believe the board needs three independent appointees put there by the NRL to make decisions in the best interest of Wests Tigers.

What angers me is that it is all out in the press yet again, the squabbling and the BS all being played out for everyone to see. Do they not realise or just not care about the image of Wests Tigers and what this kind of crap does to it?

Also everything you need to know about the mindset of the Wests Tigers board is spelled out in their constant referencing of what is right for Wests/Balmain.

It is all a sad game being played out by some rather pathetic people behind the scenes to the detriment of the club we all love

 

[azsportza]

What a dumbass grubby thing to say. Take your blunders off fool

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Of course if it's a business decision. Some of you guys need not to be so precious.

 

[Guest]

We seem to have forgotten how to generate good press, and our board seemingly leak like a sieve. However at the end of the day I want Wests Tigers to survive and ultimately flourish, if that means Wests have an extra member on the board due to bailing out Balmain, so be it, I can live with that.

I'd prefer a private buyer to come in and help out, but I can't see that happening at the moment.

 

[azsportza]

Get rid of these fools now
Just hire 7 people who have the best interests of the WESTS TIGERS at heart

But that would be too logical? We should have done that 10 years ago.

 

[Gary_Bakerloo]

Once again the weatherman and his band of incompetent fools have to play out club issues in the media. Absolute disgrace.

Explain how the board is incompetent?

I really don't see the any issues with the information in this article.

 

[Mccarry]

Also everything you need to know about the mindset of the Wests Tigers board is spelled out in their constant referencing of what is right for Wests/Balmain.

Totally agree. Over 90% of fans would like what is right for WT. Everyone stay true to this issue. The governance is the issue. Bring in independents. Get NRL funding for the investment the club needs for new facilities.

Members of Ashfield should be ashamed that Bailey is putting WT in the press with this rubbish the day after getting hammered. What must the players feel. Is it any wonder that excellent players are stuggling on field.

Shame on you Bailey.

 

[Mccarry]

I don't have an issue with Ashfield getting more votes. Im interested in what they think this will help. I am sure their members identify with being fans of WT and not Wests now anyway. They are a public club.

Im interested in fixing the root cause of the problem. The public sacking of Sheens last year. The leaks. The infighting. Giving Balmain board more control would be terrible. Giving Wests more control would be terrible. Both have proven they are not up to the standard to run an organisation our size.

Get independents in!

 

[Tiger_Watto]

I don't have an issue with Ashfield getting more votes. Im interested in what they think this will help. I am sure their members identify with being fans of WT and not Wests now anyway. They are a public club.

Im interested in fixing the root cause of the problem. The public sacking of Sheens last year. The leaks. The infighting. Giving Balmain board more control would be terrible. Giving Wests more control would be terrible. Both have proven they are not up to the standard to run an organisation our size.

Get independents in!

I agree… The debt the Tigers find themselves in is due to poor decisions by the board.

Last time I looked, Wests Group are 50% responsible for the state we find ourselves in.

All for greed, rather than sensible commercial decisions... Mind you, our board isn't the only NRL Franchise who has this same problem!

 

[Tim Sheens]

Once again the weatherman and his band of incompetent fools have to play out club issues in the media. Absolute disgrace.

Explain how the board is incompetent?

I really don't see the any issues with the information in this article.

The mere fact that we are hearing it, let alone from the chair, explains enough?

 

[barra]

Once again the weatherman and his band of incompetent fools have to play out club issues in the media. Absolute disgrace.

Explain how the board is incompetent?

I really don't see the any issues with the information in this article.

I agree about the article.

Money is the root of the problem, this is a business and it can't run without it. If one partner has no money but still wants to maintain its level of control it is always going to frustrate the other partner. Wests have every right to demand change if they are the only partner that is propping up the business!

 

[system]

Reduce the board to 7.

1 Balmain, 3 West Ashfield, 3 NRL appointees.

Because realistically the NRL puts in the majority of our income

 

[Gary_Bakerloo]

The mere fact that we are hearing it, let alone from the chair, explains enough?

To be honest, I would rather hear this news than not. It is a seismic development in the joint venture and I have no issue with the press and fans being made aware. Some could argue it is transparency.

I can understand the call for independent directors, but in the world of corporate finance, unless those independent directors stump up capital, it should not happen. Do you think when Gina Rinehart bought a 15% - 20% share in Fairfax she would allow an "unbiased independent director" take a place on the board on her behalf? Damn right she wouldn't, that director would represent her interests because it is her money in the business.

 

[Tiger_Watto]

Reduce the board to 7.

1 Balmain, 3 West Ashfield, 3 NRL appointees.

Because realistically the NRL puts in the majority of our income

Makes sense!

 

[system]

The mere fact that we are hearing it, let alone from the chair, explains enough?

To be honest, I would rather hear this news than not. It is a seismic development in the joint venture and I have no issue with the press and fans being made aware. Some could argue it is transparency.

I can understand the call for independent directors, but in the world of corporate finance, unless those independent directors stump up capital, it should not happen. Do you think when Gina Rinehart bought a 15% - 20% share in Fairfax she would allow an "unbiased independent director" take a place on the board on her behalf? Damn right she wouldn't, that director would represent her interests because it is her money in the business.

If they are NRL appointees then they have stumped up the cash. More in one year then either shareholder has in many years

 

[Snake]

An independent board is all well and good,in that senario the bills still have to be paid,will the NRL own the Tigers ..don,t think so.Personaly I could not care less if there were 4 Wests and 6 Bamain board members or the other way around,what I want is a club to support.Balmain have to come to terms with that this venture is costing more and more each season to run,is the Balmain leagues club opening at Rozelle next year ,are they making enough profit from there 2 x rented premises at the moment?
No one likes to see things like this happening but reality is that one side of the joint venture is hugely cashed up and the other struggling financial and don,t want to lose there grip on things honourable but not realistic . I think this is being brought to a head delibritly which is not a bad thing as bills have to be paid, it might be better to have less of something than nothing at all.

 

[system]

The NRL will not own the Wests Tigers but they should parachute in appointees to make sure their intellectual property and cog in their product network is being administered the best way possible with decisions made in the best interest of Wests Tigers.

I actually have faith in the intentions of Wests Ashfield but I also think their are elements within the board looking after self interest. Put the NRL in there and that gets knocked on the head

 

[Ed_Reschs]

I don't have an issue with Ashfield getting more votes. Im interested in what they think this will help. I am sure their members identify with being fans of WT and not Wests now anyway. They are a public club.

Im interested in fixing the root cause of the problem. The public sacking of Sheens last year. The leaks. The infighting. Giving Balmain board more control would be terrible. Giving Wests more control would be terrible. Both have proven they are not up to the standard to run an organisation our size.

Get independents in!

I agree… The debt the Tigers find themselves in is due to poor decisions by the board.

Last time I looked, Wests Group are 50% responsible for the state we find ourselves in.

All for greed, rather than sensible commercial decisions... Mind you, our board isn't the only NRL Franchise who has this same problem!

I find this hilarious. I agree that we are in this trouble due to poor decisions. The amazing thing is up until 6 months ago the balmain faction held sway on all decisions. hence sheens was resigned, Marshall was promised the world and fafita ended up killing it at the sharks farking us financially off the field and personnel wise on it. but now wests have a say and its their fault and we need an independent board. The wheel has turned and a few one eyes who have been ranting for years about diehards at the magpies etc are concerned for their own interests now. Good luck.

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[happy_tiger]

I don't have an issue with Ashfield getting more votes. Im interested in what they think this will help. I am sure their members identify with being fans of WT and not Wests now anyway. They are a public club.

Im interested in fixing the root cause of the problem. The public sacking of Sheens last year. The leaks. The infighting. Giving Balmain board more control would be terrible. Giving Wests more control would be terrible. Both have proven they are not up to the standard to run an organisation our size.

Get independents in!

I agree… The debt the Tigers find themselves in is due to poor decisions by the board.

Last time I looked, Wests Group are 50% responsible for the state we find ourselves in.

All for greed, rather than sensible commercial decisions... Mind you, our board isn't the only NRL Franchise who has this same problem!

I find this hilarious. I agree that we are in this trouble due to poor decisions. The amazing thing is up until 6 months ago the balmain faction held sway on all decisions. hence sheens was resigned, Marshall was promised the world and fafita ended up killing it at the sharks farking us financially off the field and personnel wise on it. but now wests have a say and its their fault and we need an independent board. The wheel has turned and a few one eyes who have been ranting for years about diehards at the magpies etc are concerned for their own interests now. Good luck.

_Posted using RoarFEED 2013_

Wests aren't responsible or Balmains debt

 

[Zaibatsu]

I was as die-hard a Balmain supporter as you could get before the merger, I lived in Leichhardt for 14 years and I lived and breathed the Balmain Tigers, now if I can accept that this may need to happen to keep us afloat then I don't see what everyone else's problem is.

It's 2013 people, its been 13 years since the merger and people still carry on with this Wests vs Balmain bullsh*t, honestly this in-fighting is one of the major things holding this club back, pretty much everyone on the board needs a slap across the back of the head, as do a lot of "fans".

Like it or lump it we are the WESTS TIGERS, I thought for sure this ancient bitterness would be buried by now.

How are we ever going to be successful with this mentality?

 

[system]

I am hopeful Mayer can get us to the next level in the front office.

We need the board to follow