innsaneink
Well-known member
50/50….its never worked, good riddance...
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Wests Tigers Restructure [MERGED]
- Thread starter TurnStyle
- Start date
S
system
Guest
I would imagine that naming and such things would be permanently fixed in the updated JV agreement etc
GNR4LIFE
Well-known member
Time for people to move with the times or be left in the past
Tim Sheens
Well-known member
It can't be any worse. I just want them to tell the coaching department that they have about 18'rounds to prove themselves before any serious assessment will be carried out.
happy_tiger
Well-known member
I'm not trying to start a fight but I have a question
What is going to stop the Balmain and Wests factions still bringing their agendas to the table and getting the independent to vote one way or the other
I imagine the independents will still be following the agenda the NRL wants (no matter how independent they will claim to be )
What is going to stop the Balmain and Wests factions still bringing their agendas to the table and getting the independent to vote one way or the other
I imagine the independents will still be following the agenda the NRL wants (no matter how independent they will claim to be )
Congratulations to Dave Smith, the Magpies football club and the Balmain football club on their ability to see the ineviteable and move another step closer from a joint venture to one club. The JV agreement drawn up in 1999 is now dissolved and a new one put in its place. No longer does everything need to be 50/50 to appease the foundation clubs. Finally, the Wests Tigers can now make decisions in the best interest of the Wests Tigers and its stakeholders …. Which includes us ... The everyday fan who pays his hard earned to go out and follow his club with passion. This truly is a great day for everyone who holds the Wests Tigers close to their heart.
The journey to now has been tough for many. But was sweetened along the way with the 2005 premiership that most us could only have dreamed of. But the future now looks a lot brighter than at any time in the 15 years since we started. Hopefully Balmain can get their funding together and continue to contribute to the success of the club ... At least they have two years to do it .... We need both of the areas we represent to contribute to their optimum.
Once again congratulations to all concerned and I'm excited at what lies ahead .... Lets hope it's a new a Golden Era.
The journey to now has been tough for many. But was sweetened along the way with the 2005 premiership that most us could only have dreamed of. But the future now looks a lot brighter than at any time in the 15 years since we started. Hopefully Balmain can get their funding together and continue to contribute to the success of the club ... At least they have two years to do it .... We need both of the areas we represent to contribute to their optimum.
Once again congratulations to all concerned and I'm excited at what lies ahead .... Lets hope it's a new a Golden Era.
innsaneink
Well-known member
@happy tiger said:
Thats why there are three…no stalemates
happy_tiger
Well-known member
@Knuckles said:
That's my point though ,this still will be voting on agendas which will still be biased to either Balmain or Wests
They need to be focusing solely on the Wests Tigers
We need to get a completely separate board altogether
This is a step in the right direction ,don't get me wrong but we need to completely rid ourselves of JV mentality completely
G
Guest
Guest
So glad this strategic decision has been made. Hopefully now some overall clarity is provided with the addition of the independent directors and some smart financial decisions can be made in relation to Balmain's economic plight so that the Wests Tigers as a club can move forward in the years to come and be a financially stable and successful club.
Black_n_White
New member
Agreed, lets hope its the dawn of a golden era.
I dont want to be the fly in the punch bowl, so short and sweet. I dont want us to become the prototype for the NRL's cookie cutter machine. The prototype is almost always improved upon the next time around, with the NRL at the helm they need to research "our" identity, and work towards a model that works for us specifically.
Like everyone, my dream is a self sufficient club, run on its own funds. I dont care if Balmain only exists as a registered business name, and a few seats on the board purely to meet historical roots. I am excited about the independent members breaking deadlocks without factional bias dont get me wrong, yet anxious to see if they vote to back the machine, or us.
I understand the position we are in about as well as anyone in a fans shoes can, Balmain is at present a liability, but as a tragic from Lidcombe oval, Magpie born and bred, I feel for the fellow tyrannosaurus rex in black and gold.
I want US, for the long haul, you cannot choose your family.
I dont want to be the fly in the punch bowl, so short and sweet. I dont want us to become the prototype for the NRL's cookie cutter machine. The prototype is almost always improved upon the next time around, with the NRL at the helm they need to research "our" identity, and work towards a model that works for us specifically.
Like everyone, my dream is a self sufficient club, run on its own funds. I dont care if Balmain only exists as a registered business name, and a few seats on the board purely to meet historical roots. I am excited about the independent members breaking deadlocks without factional bias dont get me wrong, yet anxious to see if they vote to back the machine, or us.
I understand the position we are in about as well as anyone in a fans shoes can, Balmain is at present a liability, but as a tragic from Lidcombe oval, Magpie born and bred, I feel for the fellow tyrannosaurus rex in black and gold.
I want US, for the long haul, you cannot choose your family.
S
system
Guest
Ideally after this we can go an entire season without hearing anymore about our board.
No news is good news
No news is good news
Tiger_Watto
New member
@turnstyle said:
^^ this wont happen ^^
The NRL controls the Title & Logo of the 'Wests Tigers' and are clearly coming to the party to protect that intellectual property that they have invested in from 1999.
Ownership provenance may change, but the I'm certain the NRL would withdraw the Franchise Agreement if the parties attempted to change its operating name.
On the whole subject, Great Result for the future of this product/brand… Fire Up TIGERS!!!
TurnStyle
Well-known member
cool, thanks TW. :slight_smile:
@happy tiger said:
In two years time you may get your wish !
I am sure it would be written into the new agreement what happens if one or both partners cannot meet its obligations …. If for instance Balmain can't pay their way and have to withdraw, my guess is that the Independants and Ashfield would get one seat each at the table which gives control to the Independants 4-3\. Plus at all times the Chair is Independant. Moving forward I don't see the Wests Tigers depending on Leagues club funding .... It's probably not all that much as it is. So if the board did end up completely Independant I'm not sure that's such a bad thing.
supercoach
Well-known member
@851 said:
Thinking the same thing, the NRL is giving Balmain two years to solve a ten million dollar debt. Just cant see how in hell they are going to resolve their problems,so in two years time what happens????
Although Iam stoked that finally people are talking WestsTigers and not Balmain or Wests. Lets hope now we finally have accountability in the boardroom and its all systems go from now on
I can't believe Balmain would sell their soul for a fiddle of gold.
Giving up two votes on a seven man board for two years- I hope they've got a pretty good plan in store to raise the debt.
With no voting rights the three NRL appointees could vote in a block to do ANYTHING , including breaking all associations with BOTH Wests and Balmain or sending them off to play out of another state, and the two Wests votes against would be worth a big fat zero.
You can see how Balmain got in this mess in the first place -and there seems to be no hero on the horizon.
Giving up two votes on a seven man board for two years- I hope they've got a pretty good plan in store to raise the debt.
With no voting rights the three NRL appointees could vote in a block to do ANYTHING , including breaking all associations with BOTH Wests and Balmain or sending them off to play out of another state, and the two Wests votes against would be worth a big fat zero.
You can see how Balmain got in this mess in the first place -and there seems to be no hero on the horizon.
WESTS Tigers skipper Robbie Farah welcomed the historic overhaul of the joint venture's dysfunctional board, as he feared an ongoing stalemate might have spelled "the demise of our club".
The longest-serving stalwart in Wests Tigers history and captain since 2009, Farah has been kept well informed about the club's deepening financial and boardroom woes.
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Story from The Daily Telegraph on Friday. Source: DailyTelegraph
Friday's announcement that the NRL would inject $4 million to balance the books in exchange for three independent directors who will hold the balance of power on a streamlined board keeps has given the Tigers breathing space to plan for the future.
Farah admitted that the constant speculation, in-fighting and uncertainty was difficult to ignore, and looked forward to kicking-off the season without the host of distractions that had become commonplace over the past 18 months.
"It's cleared a lot of things up, and now everyone can get on with their jobs and not worry about it," Farah said.
"It wasn't ideal because you'd hear different things, and where there's smoke there's fire.
"Financially there was a big cloud over the Balmain side of the joint venture because of the troubles with the Leagues Club development.
"It's really great that both sides have come to this agreement, and now we've got some financial security."
It took six months of negotiations with NRL boss Dave Smith and financial analyst Tony Crawford to bring the joint venture's hostile partners, Balmain and Wests Group, to Thursday night's historic accord.
TIGERS CHALLENGE: AARON WOODS TAKES ON LUKE BROOKS 3:37
Play video
Aaron Woods and Luke Brooks join Fox Sports' NRL Pre-Season to go head to head in a quiz on their own teammates.
On top of nominating the new directors, the NRL has also overseen the creation of a new strategic plan that must be obeyed for funding from League Central to continue.
Independence also means many of the original constitutional mechanisms safeguarding the interests of Balmain and Wests Group - such as venue allocation - will be abolished.
It was a difficult compromise for loyalists wedded to each foundation club, but, in Farah's view, an essential one.
"The re-structure was overdue and I always hoped it would happen, because it was the only way we could move forward and be succesful again," he said.
"I was worried that if it didn't happen, it would be the demise of our club. I think with what's happened this week, both parties realised that as well.
"In the past there's probably been different factions who've worried about their own interests before those of Wests Tigers.
NOFOALUMA, SIMONA KEEN TO MAKE THEIR MARK 2:52
Play video
David Nofoaluma and Tim Simona are keen to make their mark on the NRL in 2014 after breakthrough seasons for Wests Tigers last year.
"There's people who are black and white, and there's people who are black and gold, but we all just need to be proud to be part of Wests Tigers above all."
The NRL is pushing all nine Sydney clubs toward a centralised stadium strategy, and now that it has a controlling stake in the Tigers, there's a significant chance the allocation of home games at Leichhardt and Campbelltown could be reduced.
The Tigers will split their 12 matches equally between ANZ Stadium and the two suburban grounds this year, but coming seasons will most likely move toward the more financially lucrative confines of Olympic Park or Interstate venues.
"From a playing point of view, we all love the suburban grounds and I'd still like to see them remain part of our game," Farah said.
"But I can also understand the financial point of view, and sometimes hard decisions have to be made with that in mind."
_Posted using RoarFEED 2013_
The longest-serving stalwart in Wests Tigers history and captain since 2009, Farah has been kept well informed about the club's deepening financial and boardroom woes.
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Story from The Daily Telegraph on Friday. Source: DailyTelegraph
Friday's announcement that the NRL would inject $4 million to balance the books in exchange for three independent directors who will hold the balance of power on a streamlined board keeps has given the Tigers breathing space to plan for the future.
Farah admitted that the constant speculation, in-fighting and uncertainty was difficult to ignore, and looked forward to kicking-off the season without the host of distractions that had become commonplace over the past 18 months.
"It's cleared a lot of things up, and now everyone can get on with their jobs and not worry about it," Farah said.
"It wasn't ideal because you'd hear different things, and where there's smoke there's fire.
"Financially there was a big cloud over the Balmain side of the joint venture because of the troubles with the Leagues Club development.
"It's really great that both sides have come to this agreement, and now we've got some financial security."
It took six months of negotiations with NRL boss Dave Smith and financial analyst Tony Crawford to bring the joint venture's hostile partners, Balmain and Wests Group, to Thursday night's historic accord.
TIGERS CHALLENGE: AARON WOODS TAKES ON LUKE BROOKS 3:37
Play video
Aaron Woods and Luke Brooks join Fox Sports' NRL Pre-Season to go head to head in a quiz on their own teammates.
On top of nominating the new directors, the NRL has also overseen the creation of a new strategic plan that must be obeyed for funding from League Central to continue.
Independence also means many of the original constitutional mechanisms safeguarding the interests of Balmain and Wests Group - such as venue allocation - will be abolished.
It was a difficult compromise for loyalists wedded to each foundation club, but, in Farah's view, an essential one.
"The re-structure was overdue and I always hoped it would happen, because it was the only way we could move forward and be succesful again," he said.
"I was worried that if it didn't happen, it would be the demise of our club. I think with what's happened this week, both parties realised that as well.
"In the past there's probably been different factions who've worried about their own interests before those of Wests Tigers.
NOFOALUMA, SIMONA KEEN TO MAKE THEIR MARK 2:52
Play video
David Nofoaluma and Tim Simona are keen to make their mark on the NRL in 2014 after breakthrough seasons for Wests Tigers last year.
"There's people who are black and white, and there's people who are black and gold, but we all just need to be proud to be part of Wests Tigers above all."
The NRL is pushing all nine Sydney clubs toward a centralised stadium strategy, and now that it has a controlling stake in the Tigers, there's a significant chance the allocation of home games at Leichhardt and Campbelltown could be reduced.
The Tigers will split their 12 matches equally between ANZ Stadium and the two suburban grounds this year, but coming seasons will most likely move toward the more financially lucrative confines of Olympic Park or Interstate venues.
"From a playing point of view, we all love the suburban grounds and I'd still like to see them remain part of our game," Farah said.
"But I can also understand the financial point of view, and sometimes hard decisions have to be made with that in mind."
_Posted using RoarFEED 2013_
happy_tiger
Well-known member
Well simple answer to the last part of the story
If you want to keep both Leichardt and Campbelltown we need to fill it EVERY match
If not , you might as well burn them down
If you want to keep both Leichardt and Campbelltown we need to fill it EVERY match
If not , you might as well burn them down
If the exciting future centered around a loan to clear some debts (and to be paid back) and eventually moving all WT games to a neutral venue at ANZ… That is not what excites me as a WT fan... Good for better back room stability but not sure it will bring WT up to a 20000 member sydney power house team anytime soon...
Not trying to shoot it all down but i am not sure how it will trickle down to fan level.
_Posted using RoarFEED 2013_
Not trying to shoot it all down but i am not sure how it will trickle down to fan level.
_Posted using RoarFEED 2013_
