Why doesn't Harry buy the joint?

[cktiger]

Just reading the newly released list of Australia's richest people and Harry comes in with close to FIVE BILLION dollars.
He obviously has a passion for the team and more than enough money to own it and plaster whatever advertising he wants on the jerseys.
In comparison Russell Crowe is worth about 70 million - back pocket change for Harry.
Anybody out there know if its ever been discussed with him?

 

[happy_tiger]

He would probably be interested once the new board has been in charge and settles the club down

The reason Harry has 5 billion is because he has made smart decisions in business , buying the Tigers at this stage isn't a smart business decision

 

[foreveratiger]

He would probably be interested once the new board has been in charge and settles the club down

The reason Harry has 5 billion is because he has made smart decisions in business , buying the Tigers at this stage isn't a smart business decision

c'mon happy , it's not as if he would go broke if he did buy us.
Or he could quite easily sponsor us 5 to 10 million a year and he's account still wouldn't budge.

 

[alex]

He didn't get to where he is now by being frivolous with his money. Regardless of what percentage $5 million makes up of his overall worth, splurging little bits of money here and there eventually snowballs and before you know it, you're worth jack all.

If anything, I'm surprised there's been no discussion of Meriton and Rozelle Village. That could be an indirect way of helping the club, while still getting a ROI in something he's familiar with.

 

[cktiger]

Think I just answered my own question reading about him.
Here's the final words about him on Wikipedia…. "He never enters any business partnerships **nor joint ventures**" :laughing:

 

[foreveratiger]

Yeah but at his age how much more do you need to live on ? Money is not an issue with him .
Russel Crowe bought he's club because that is his passion , he didn't buy it to make money on it cause you don't make money buying football clubs.
Harry has no obligation to buy us but you can't tell me he would go broke if he did .

 

[alex]

Yeah but at his age how much more do you need to live on ? Money is not an issue with him .
Russel Crowe bought he's club because that is his passion , he didn't buy it to make money on it cause you don't make money buying football clubs.
Harry has no obligation to buy us but you can't tell me he would go broke if he did .

Why doesn't he buy his favourite local Chinese restaurant too? Just cause it's a passion/interest/hobby doesn't mean he needs to spend his hard earned on us. If Rusty is that way inclined then good for him.

 

[Cultured_Bogan]

Yeah but at his age how much more do you need to live on ? Money is not an issue with him .
Russel Crowe bought he's club because that is his passion , he didn't buy it to make money on it cause you don't make money buying football clubs.
Harry has no obligation to buy us but you can't tell me he would go broke if he did .

Why doesn't he buy his favourite local Chinese restaurant too? Just cause it's a passion/interest/hobby doesn't mean he needs to spend his hard earned on us. If Rusty is that way inclined then good for him.

He's already tipping money into the club. What he does with his cash is his business. However I get the feeling he doesn't like to be associated with us when the chips are down.

_Posted using RoarFEED 2013_

 

[innsaneink]

Balmain is his true passion.

 

[cktiger]

Yeah but at his age how much more do you need to live on ? Money is not an issue with him .
Russel Crowe bought he's club because that is his passion , he didn't buy it to make money on it cause you don't make money buying football clubs.
Harry has no obligation to buy us but you can't tell me he would go broke if he did .

Why doesn't he buy his favourite local Chinese restaurant too? Just cause it's a passion/interest/hobby doesn't mean he needs to spend his hard earned on us. If Rusty is that way inclined then good for him.

The point is that he spends plenty already on the club and has been quoted as saying he's always on hand to help out.
I think the Souths thing with Crowe is (mostly) an ego trip.
Would be great to have Harry's financial backing and political and business clout driving us forward.

 

[foreveratiger]

Yeah but at his age how much more do you need to live on ? Money is not an issue with him .
Russel Crowe bought he's club because that is his passion , he didn't buy it to make money on it cause you don't make money buying football clubs.
Harry has no obligation to buy us but you can't tell me he would go broke if he did .

Why doesn't he buy his favourite local Chinese restaurant too? Just cause it's a passion/interest/hobby doesn't mean he needs to spend his hard earned on us. If Rusty is that way inclined then good for him.

That is what I said " Harry has no obligation to buy us" I never said he has to . Rusty just has more of a passion than Harry does full stop , Harry has done he's bit over the years with Meriton .
so I don't see the point with your Chinese restaurant , I'm not that stupid to understand it .
My point is he is not short of a coin if he did wanted to persuade that avenue of buying our club.

 

[alex]

I don't know what the rules are with the new board structure, but maybe a seat for Harry would be a good move?

 

[foreveratiger]

Yeah but at his age how much more do you need to live on ? Money is not an issue with him .
Russel Crowe bought he's club because that is his passion , he didn't buy it to make money on it cause you don't make money buying football clubs.
Harry has no obligation to buy us but you can't tell me he would go broke if he did .

Why doesn't he buy his favourite local Chinese restaurant too? Just cause it's a passion/interest/hobby doesn't mean he needs to spend his hard earned on us. If Rusty is that way inclined then good for him.

He's already tipping money into the club. What he does with his cash is his business. However I get the feeling he doesn't like to be associated with us when the chips are down.

_Posted using RoarFEED 2013_

Of course it is his business . I personally don't care if he didn't put not 1 more cent into the club it's he's prerogative.

 

[pHyR3]

football clubs are rarely a good business decision but they are bought up time and time again because people often like the club or the sport and want to help it out.

 

[pHyR3]

Yeah but at his age how much more do you need to live on ? Money is not an issue with him .
Russel Crowe bought he's club because that is his passion , he didn't buy it to make money on it cause you don't make money buying football clubs.
Harry has no obligation to buy us but you can't tell me he would go broke if he did .

Why doesn't he buy his favourite local Chinese restaurant too? Just cause it's a passion/interest/hobby doesn't mean he needs to spend his hard earned on us. If Rusty is that way inclined then good for him.

He's already tipping money into the club. What he does with his cash is his business. However I get the feeling he doesn't like to be associated with us when the chips are down.

_Posted using RoarFEED 2013_

he came out when we were bottom of the ladder and said "im always here for the club, i wish they had come to me when they were trying to get the rozelle project finished"

 

[innsaneink]

He actually was going to walk away…..he had to be coerced into sponsoring us again this year

 

[reyre2000]

Ive been banging on for years about this. His connection with Weststigers comes through his love of the Balmain Tigers. Maybe his love has waivered a fraction due to the merger but he is still hanging in there with us. I would like to think that if we were gonna crumble due to finance issues he would step in and help out though.

 

[pHyR3]

id walk away from the s**tshow that was our club management…. was abysmal and he had every right to. luckily we convinced him that we were fixing it up.

calling him a fair weather supporter is just not accurate in my opinion. obviously he will want to be more associated with us in the good times when we are on the front page and every 2nd interview on the footy show, but he still gives us money and support when we're in the dumps.

 

[jctiger]

Yeah but at his age how much more do you need to live on ? Money is not an issue with him .
Russel Crowe bought he's club because that is his passion , he didn't buy it to make money on it cause you don't make money buying football clubs.
Harry has no obligation to buy us but you can't tell me he would go broke if he did .

Why doesn't he buy his favourite local Chinese restaurant too? Just cause it's a passion/interest/hobby doesn't mean he needs to spend his hard earned on us. If Rusty is that way inclined then good for him.

He's already tipping money into the club. What he does with his cash is his business. However I get the feeling he doesn't like to be associated with us when the chips are down.

_Posted using RoarFEED 2013_

_Posted using RoarFEED 2013_

 

[Tiger_Watto]

I feel the real problem with this is the fact that Wests Tigers isn't for sale? I have often wondered why private equity hasn't been looked at in the past, and always figured it has something to do with the structure of the NRL License Agreement?

From a corporate perspective, what more benefits would he get by owning the Club outside of being the major sponsor? Why spend $30M buying an Asset, when he can write off $2M a year through Tax by sponsoring it?