Maybe we should sell up to Koukash

@gallagher:

@Sabre:

Brent Read reporting on Twitter that Balmain are keen to speak to Koukash about selling their share in WT to him.

Wests group get first go at it. It says it all about the merger that Balmain would rather go to the NRL then some Pom before giving control to Wests. If true that is.

Whilst I’m not doubting that you are right, it doesn’t sound correct to me….
Surely they can sell their share to who ever they wish, they wouldn’t legally be forced to sell to any particular buyer I would think.

As reported here at this link: http://www.smh.com.au/rugby-league/league-news/marwan-koukash-looking-at-three-nrl-clubs-to-buy-20140923-10kndc.html

Hopefully he’s looking at buying this club, although the Knights are the only club mentioned in the article.

Posted using RoarFEED V.4

I reckon this went out the window once the new board was chosen

Unless Koukash chose the new board ……

the more i think about it, the more i dont see it happening.

WT is a JV of balmain and Magpies- their biggest money turner. they give up the WT, they give up anything to do with the NRL ever. WT isnt a club, it’s a business to them and the state that we’re in- i dont see anyone making much profit off it even if we did succeed. i dont thing either shareholders would wanna sell their golden egg laying hen either.

@Sabre:

@gallagher:

@Sabre:

Brent Read reporting on Twitter that Balmain are keen to speak to Koukash about selling their share in WT to him.

Wests group get first go at it. It says it all about the merger that Balmain would rather go to the NRL then some Pom before giving control to Wests. If true that is.

Whilst I’m not doubting that you are right, it doesn’t sound correct to me….
Surely they can sell their share to who ever they wish, they wouldn’t legally be forced to sell to any particular buyer I would think.

I think you will find that legally they are bound to give Wests first bite of the cherry. I seem to remember this was one of the points when the JV started however it would be interesting to see the original agreement when the JV was drawn up to confirm whether this is right.

@Sabre:

@gallagher:

@Sabre:

Brent Read reporting on Twitter that Balmain are keen to speak to Koukash about selling their share in WT to him.

Wests group get first go at it. It says it all about the merger that Balmain would rather go to the NRL then some Pom before giving control to Wests. If true that is.

Whilst I’m not doubting that you are right, it doesn’t sound correct to me….
Surely they can sell their share to who ever they wish, they wouldn’t legally be forced to sell to any particular buyer I would think.

I’m only going on previous media reports, so i dont actually know for sure. but the reports are that it was in the original JV agreement. It would be pretty low to sell to a third party if your JV partner wanted to buy.

@gallagher:

@Sabre:

@gallagher:

@Sabre:

Brent Read reporting on Twitter that Balmain are keen to speak to Koukash about selling their share in WT to him.

Wests group get first go at it. It says it all about the merger that Balmain would rather go to the NRL then some Pom before giving control to Wests. If true that is.

Whilst I’m not doubting that you are right, it doesn’t sound correct to me….
Surely they can sell their share to who ever they wish, they wouldn’t legally be forced to sell to any particular buyer I would think.

I’m only going on previous media reports, so i dont actually know for sure. but the reports are that it was in the original JV agreement. It would be pretty low to sell to a third party if your JV partner wanted to buy.

They may want a condition that the ‘Tiger’ remains. So Wests then can’t change it back to the Magpies if they bought the Balmain shares. So basically the “Tigers” heritage/name can live on.

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@tigertye:

@gallagher:

@Sabre:

@gallagher:

Wests group get first go at it. It says it all about the merger that Balmain would rather go to the NRL then some Pom before giving control to Wests. If true that is.

Whilst I’m not doubting that you are right, it doesn’t sound correct to me….
Surely they can sell their share to who ever they wish, they wouldn’t legally be forced to sell to any particular buyer I would think.

I’m only going on previous media reports, so i dont actually know for sure. but the reports are that it was in the original JV agreement. It would be pretty low to sell to a third party if your JV partner wanted to buy.

They may want a condition that the ‘Tiger’ remains. So Wests then can’t change it back to the Magpies if they bought the Balmain shares. So basically the “Tigers” heritage/name can live on.

Posted using RoarFEED V.4

SORRY FOR THE CAPS , BUT SOME PEOPLE DON’T GET IT

THE NRL OWNS THE WESTS TIGERS NAME

IT CAN’T BE CHANGED FOR ANY REASON BARRING RELOCATION WHICH WESTS WON"T WANT

IF ANYONE DOES NOT UNDERSTAND THIS PLEASE PM ME

I JUST DON"T KNOW HOW HARD THIS IS TO UNDERSTAND :brick:

@tigertye:

They may want a condition that the ‘Tiger’ remains. So Wests then can’t change it back to the Magpies if they bought the Balmain shares. So basically the “Tigers” heritage/name can live on.

Posted using RoarFEED V.4

I hope so. I’m sure 99% of fans would want that. Wests Group have said that the name wont change and I’d expect a massive backlash if they went back on their word.

@happy tiger:

@tigertye:

@gallagher:

@Sabre:

Whilst I’m not doubting that you are right, it doesn’t sound correct to me….
Surely they can sell their share to who ever they wish, they wouldn’t legally be forced to sell to any particular buyer I would think.

I’m only going on previous media reports, so i dont actually know for sure. but the reports are that it was in the original JV agreement. It would be pretty low to sell to a third party if your JV partner wanted to buy.

They may want a condition that the ‘Tiger’ remains. So Wests then can’t change it back to the Magpies if they bought the Balmain shares. So basically the “Tigers” heritage/name can live on.

Posted using RoarFEED V.4

SORRY FOR THE CAPS , BUT SOME PEOPLE DON’T GET IT

THE NRL OWNS THE WESTS TIGERS NAME

IT CAN’T BE CHANGED FOR ANY REASON BARRING RELOCATION WHICH WESTS WON"T WANT

IF ANYONE DOES NOT UNDERSTAND THIS PLEASE PM ME

I JUST DON"T KNOW HOW HARD THIS IS TO UNDERSTAND :brick:

ALSO SORRY FOR THE CAPS HAPPY! BUT SOME, INCLUDING MYSELF, MAY NOT HAVE BEEN AWARE OF THIS. YOUR INFORMATION HAS PROVED INVALUABLE AND THE FACT YOU USED CAPS TO EXPLAIN IT HAS ENTRUSTED THE INFORMATION IN MY BRAIN FOREVER.

I didn’t know the NRL owned the name, I figured it was owned by the JV and the name could be dissolved if one side couldn’t pay their bills. Therefore me saying they could bring back the Pies.

Please excuse my now ridiculous post.

:slight_smile:

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The point is if Balmain sell their share to Wests it basically will be the end of Balmain, but if they sell to a third party they will be able to maybe strike a deal and keep Balmain afloat.

To me it’s a no brainer, it’s not like the have any other option

Balmain may stay afloat….

http://www.canberratimes.com.au/rugby-league/league-news/balmain-may-ask-british-billionaire-to-help-keep-tigers-partnership-alive-20140923-10krtw.html

Balmain will consider approaching British billionaire Marwan Koukash for financial assistance in a bid to continue as an active partner in the Wests Tigers joint venture.
Koukash has reiterated his desire to become an owner of an NRL club and has been linked to Newcastle. However, the governing body is wary of handing over control to private investors given the dramas at the Knights under Nathan Tinkler.
While Koukash, who already owns Super League franchise Salford, prefers to become a sole owner of an NRL club, he has previously told Fairfax Media he would consider a shareholding arrangement.
That could make Balmain a viable option for the former Palestinian refugee given his desire to be involved in elite rugby league in Australia as soon as next season.
Balmain directors will officially be removed from the Wests Tigers board this week and won’t have a say until they are able to settle their debts. It’s believed they will need to find almost $2 million immediately or face becoming a silent partner in the running of the Tigers. Should they not pay their way in the next 18 months, they face the prospect of their partnership being bought out.
Most consider it an insurmountable financial obstacle, particularly while there is uncertainty about Balmain’s planned premises at Rozelle, but Koukash has the means to secure the foundation club’s future.
Although it is understood that Balmain directors have not yet made contact with Koukash, it is an option that will be seriously considered.
“Obviously Balmain is in a position now where we’ll be looking at options around how we can re-participate in the joint venture, however that might be,” said Balmain director Jim Myatt.
This is not the first time Myatt has had to initiate a fighting fund. The Australian Power and Gas founder raised about $6 million for AFL club Richmond Tigers, mainly through supporter pledges.
Balmain will launch a fighting fund at a gala event celebrating the 25th anniversary of the 1989 grand final at their Five Dock premises, but finding a generous benefactor or buyer remains Balmain’s best shot at survival.
Koukash, whose net worth is estimated at $3 billion, claims he could buy an NRL club at a fraction of the cost it takes to operate the Reds.
“I’m looking at three [NRL] clubs,” Koukash told PA.
"There were two but in the last week or so another opportunity has arisen.
“There are a lot of opportunities for me to get involved with a number of NRL clubs and the amount of investment that is needed is minute compared to what I’m putting in at Salford.”
Koukash, a race horse owner likely to again provide runners for this year’s Melbourne Cup, has indicated he will move to Australia if he purchases an NRL club.
“It has to be the right deal for me personally and for the club over there and it has to have the kind of partnership I would like between the NRL and Salford,” he said.
"There will be sharing of players and coaching ideas and it will make my recruitment in the future a lot easier for Salford.
“For example, one thing I could offer a player considering coming to Salford is a one-year’s development in the NRL and there might be players there who could benefit from coming over here.”
Wests Tigers are at a critical point in their history, with three NRL-appointed directors now holding the balance of power in what has often been a divided boardroom. They have begun interviewing coaching candidates to replace Mick Potter and it is expected a recommendation could be put to the board by the end of the week. Jason Taylor, Anthony Griffin, David Kidwell, Nathan Brown, Matt Parish and John Cartwright are in the mix for the post.

Is it co-incidence that he will be out here next month, around the same time we are to announce a new GM of football and a new coach?

Maybe I’m reading too much into it.

@Happy,relax mate and stop beating your head,all now understand what your saying and it should sink in,I like your way of explaining things,simply no beating around the bush……
DavidDuncan,you could be reading to much into it,but also I think he may want to have a look around and see what’s on offer…nothing like a bit of browsing,also he is keen on moving to Australia and may well be into purchasing real estate…Who knows with these Billionaires,I could only imagine what it would be like having that much money and being keen to buy an NRL club…

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