OFFICIAL Wests Tigers Unite: Call to Arms

[innsaneink]

I need to listen to this. Where's the link?

 

[liltiger]

The owners do (HBG + others) but it's only as valuable as it is with the first grade licence.

If the NRL withdraw that, then HBG still would own the badge, fund the pathways etc and collect sponsorship revenue, but it would definitely tip into being more of a liability. Which is the reason most leagues clubs exist - to fund community sport.

Thanks mate, so the only value really is all tied to the licence, so if the N.R.L refused to reissue the licence then HBG and others wouldn't own anything, specifically in terms of the Wests Tigers.

 

[cdinoz007]

After some of the info posted about a club being run by one of the forum members in terms of the profit margins at that club, its all pokies money. If HBG didn't have pokies they'd be bankrupt. These people aren't business geniuses they're just located in the middle of a demographic that doesn't mind parting with a bit of their coin.

99% of clubs would go bankrupt without the pokies.

 

[Telltails]

99% of clubs would go bankrupt without the pokies.

Hence why governments insist that they donate a percentage of poker machine profits back to community organisations.

 

[Demps]

@Spartan117
Well done.

Sounded like a seasoned podcast veteran.
Spoke well and asked all the right questions.

 

[hammertime]

Thanks mate, so the only value really is all tied to the licence, so if the N.R.L refused to reissue the licence then HBG and others wouldn't own anything, specifically in terms of the Wests Tigers.

HBG would still own the badge and brand. So the NRL wouldn't be able to create a team called wests tigers, Western Suburbs magpies etc.

I'd also say that there would be a case if the NRL did that and even used part of the name for a new team. E.g. they spun up the Brisbane tigers. That would wade into a bit of a legal quagmire id expect.

There are a lot of caveats though. You saw what happened with souths. I'm not sure what exactly it was that tripped up the NRL, but there is obviously protection for the clubs so they can invest with a degree of comfort.

 

[coivtny]

[th]
​

Time limits related to on field success makes sense. Years of repeated failures necessitates change. Hopefully that won't be for another few decades though!

Totally agree. In every review I’ve ever been involved with, as reviewer or the ‘reviewed’, you’ll agree with some recommendations disagree with others and partially agree with others. Some recommendations will be high priority, some will be medium and others low. For those you agree with you’ll assign a timeline based on priority and how long it will take to do it. For example if a recommendation is to replace a legacy computer system, you can agree with the recommendation but you can’t put a timeline on implementation so you agree to submit a business case for funding approval by a certain time. That’s a bit of a simplification but it’s the way these things play out. To suggest that reviewers all so wise that they get everything spot on is just not sensible.

 

[Lestronge]

Reads to me like Romero & co are on the backfoot and trying to save themselves. I bet my bottom dollar that the review recommendations are fully implemented & fast now. It will be all about them saving face & saving their debentures.

Well done WT Unite! We are a long way from there yet but this is very positive.

It’s all about the constitution. Once that’s re-written to include the recommendations , then the make up of HBG will be irrelevant . If the threat of blowing up the tea party has spurred these sycophants into action … then good .

 

[cochise]

Tucker you bring up a really good point here that actually confuses me a wee bit so I'm sure someone can clarify it for me, but who actually owns the Wests Tigers. I know HBG have a 90% share and Balmain a 10% Share. I understand the N.R.L issue the licences. The N.R.L tip in upwards of around 13 mil a year. HBG put money in but do the N.R.L actually own the Tigers as the licence owner. What happens if the N.R.L refuse to reissue the licence do the Wests Tigers cease to exist.
If HBG decided to just walk away one day would that be the end of the joint. Who actually owns the Wests Tigers.

It is a very complicated answer.
Wests Magpies PTY Ltd own 90% of the Wests Tigers PTY Ltd.

Wests Magpies PTY is owned 66% by the HBG 33% by the Western Suburbs District Rugby League Club.

The Balmain Tigers Rugby League Club owns 10% of Wests Tigers PTY LTD.

 

[liltiger]

Absolutely disgraceful, absolute amature hour at HBG.

 

[Tito Santana]

It is a very complicated answer.
Wests Magpies PTY Ltd own 90% of the Wests Tigers PTY Ltd.

Wests Magpies PTY is owned 66% by the HBG 33% by the Western Suburbs District Rugby League Club.

The Balmain Tigers Rugby League Club owns 10% of Wests Tigers PTY LTD.

This is what I’ve wanted to know since day dot.

 

[Ron Brodrick's Spirit]

I'm sure this is an unintentional oversight, but Balmain only own 10% after it was gifted to them by Wests, following Wests paying off all of Balmain's debts.
Just in the interests of historical accuracy.

 

[TigerJunior4]

I'm sure this is an unintentional oversight, but Balmain only own 10% after it was gifted to them by Wests, following Wests paying off all of Balmain's debts.
Just in the interests of historical accuracy.

I wouldn’t say it was gifted. It was in exchange for the assets Balmain owned namely the Rozelle site but splitting hairs here really aren’t we?

Fact of the matter is Balmain own 10% so that was an accurate answer to the question.

 

[Tigerdazz2]

I need to listen to this. Where's the link?

Go onto YouTube & search Wests Tigers Life, you can watch/listen to the podcast there. They have also just done another though it is only audio. The one with Rick Wayde is both video & audio. There are also several other podcasts from the last few seasons.

 

[Magpie_Magic]

Rick's a great speaker. Very direct, clear and concise, lawyer like.

This interview was far from his best.

 

[Theologist]

Rick's a great speaker. Very direct, clear and concise, lawyer like.

This interview was far from his best.

He has decades of radio experience. I remember him on (I think) 2SM back in the day. He’s very comfortable with a microphone.

 

[Joel Helmes]

Can’t say too much but there will be some new content and another press release dropping tomorrow.

 

[tigertragic]

Can’t say too much but there will be some new content and another press release dropping tomorrow.

From HBG or Unite or other or no comment

 

[Colonial]

FACT: The structure of Holman Barnes Group has served the Club and community well for 69 years. The debenture holder system enabled our Club to open its doors in 1955. Beyond this, the system has ensured stability in an ever changing environment.
Umm what? 🤣

 

[batboy]

I wouldn’t say it was gifted. It was in exchange for the assets Balmain owned namely the Rozelle site but splitting hairs here really aren’t we?

Fact of the matter is Balmain own 10% so that was an accurate answer to the question.

You sure man?
Paid off the Debts to the NRL - The Assets (?)
Were long gone by that time...