Wests Tigers Private Ownership is that the Answer?

twentyforty said:
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.
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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
 
Merlot said:
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
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Sorry mate. The foxes are in the henhouse. Only us geese to sound the alarm.
 
BUGSY MALONE said:
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?
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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.
 
The push for private ownership is the reason for the leaks, Benjis 5 year deal, bad media coverage, Richo being sacked, player managers turning away. Factions want HBG out which, is hard to argue with however they will destroy the club to push this agenda. Most already know this. Benji was employed as a face to cover HBG this is why he’s being targeted apart from the lack of success. The media journos are all on board.

The only hope this club has is Benji growing up as a coach and leading a return to success. Coaches won’t touch us now they all know the agendas.

I couldn’t care less about ownership I have wanted wests MacArthur to take over for years they are bigger, stronger and have great footy acumen but it won’t happen.
 
mike said:
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.
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How good is your memory mate? Pretty sure the nrl stepped in and appointed an independent board or rather selected the 2 or 3 independents which tipped the balance? Around 2014. With HBG poised to sack and stack some magpies it was only a matter of time until the board lost its independence.
So more recently we tried it again with a similar result.
You saying we should go for a third shot at it?
 
I would like to see the nrl / PVL call a meeting with HBG , no info given prior to meeting .
Once meeting kicks off he just comes out and says the NRL want to buy Wests Tigers from you so we can get the club back into a respectable position over a few years , hear is the offer $ 50 million , its best if you take the money as we can apply other rules and take the licence / not renew licence and give it to another group .
Nrl will hold the tigers for 3/5 years them sell it on to a new ownership , you can be part of the bid to buy if you like , this way we would get a clean out , solid board with loads of experience across the league and business , money directed where needed , staff put on as per position need to fill - eg - Coach , can be Benji so no payouts but his assistant coaches comes via the nrl new board for reference , give him 4 he picks 2 simple , CEO again can be existing but most likely not , experienced nrl CEO , and so on ,
 
twentyforty said:
How good is your memory mate? Pretty sure the nrl stepped in and appointed an independent board or rather selected the 2 or 3 independents which tipped the balance? Around 2014. With HBG poised to sack and stack some magpies it was only a matter of time until the board lost its independence.
So more recently we tried it again with a similar result.
You saying we should go for a third shot at it?
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An independent board is the way to go.
 
The million dollar question is - what are the impediments between our current position and becoming the biggest and best club in the NRL?

Over to you.
 
twentyforty said:
You obviously didnt read my post?
Theres no doubt that an independent board would be more effective but the question is..
How does it remain independent?
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It becomes part of the license agreement with the NRL. I believe the NRL are the only ones that can fix this.
 
Joel Helmes said:
The million dollar question is - what are the impediments between our current position and becoming the biggest and best club in the NRL?

Over to you.
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Financial investment into the club plus a substantial pipeline of 3rd party investors for players.

$$$$$$$$$$$$$$$$$$$$$$$$
 
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