Wests Tigers Private Ownership is that the Answer?

[weststigers]

They're just in it for the power, blazers and box seats. Will not do the right thing.

Totally unaccountable. Been looking for a gig like that since I left school. Great work if you can get it.

 

[Merlot]

While the debentures allow the holders constitutional rights, their liability is limited to the $100.
They have no skin in the game, so it’s a matter of “all care and no responsibility.”
Very much unlike a private company where a creditor can in certain cases come after your house. So you can easily see how standards can slip and outcomes can take a backward seat.

i just wasted 15minutes of my life googling for a loop hole in the debenture system ,to throw the dogs a bone .
At $100 its all 1 way traffic - considering a glutton would easily get a return on their outlay at the 1st prawn n pworn luncheon ,proudly mc'd by dirty denny

 

[twentyforty]

i just wasted 15minutes of my life googling for a loop hole in the debenture system ,to throw the dogs a bone .
At $100 its all 1 way traffic - considering a glutton would easily get a return on their outlay at the 1st prawn n pworn luncheon ,proudly mc'd by dirty denny

Sorry mate. The foxes are in the henhouse. Only us geese to sound the alarm.

 

[Merlot]

Sorry mate. The foxes are in the henhouse. Only us geese to sound the alarm.

well this Goose is pretty much cooked

 

[mike]

Mike I can see by your Avatar picture of Noel Kelly you were and probably still are a Wests MAGPIES supporter just as I am (though now a Wests Tigers fan). Are you a strong believer in the Holman Barnes Group and the way they have run the Wests Tigers footy club? Are they the answer to turning the footy club back into a regular NRL finalist and why?

I don’t believe HBG have any Interest in the Wests Tigers. It seems to be just another part of their portfolio, a trophy. I actually think there is either deliberate or subconscious process of running Wests Tigers into the ground. They have been absolutely abysmal owners.

The question posed is confusing because Wests Tigers is already privately owned by HBG. Wests Tigers is not owned by the government or the NRL.

So what I can gather is people just want a different owner, which is fine by me. The question I have is what type of owner? A person, a group of people, a Co-Op, a company or private equity?

When we ask loaded questions we need to be clear on what the expected outcome is. Sometimes you need to be careful of what you wish for.

For me I think we had it pretty well right with the Independent board. That’s what we need to get back to. The independent board were making progress until HBG blew it up.

Perhaps it’s time the NRL stepped in and appointed a truly independent board whose only Interest is the Wests Tigers.