RE: WT heading towards financial sustainability?
posted in Contracts
I cant believe this is even still an issue for some.
I followed Balmain and would love to see the boys run around at Liechardt once a year probably playing Souths or the Roosters, and i would be just as satisfied to see the lads in the old Victa playing Manly at Campletown.
The merger should never have been a bitter relation between the two clubs, It should have been(and from the top)embraced……2 historic teams, 2 sets of fans, double the resources and junior development.
I for one love that our two clubs survived together rather than dying alone.
In a nutshell, to circumvent the dollar for dollar deal between the Wests parties and Balmain, Wests Campbelltown sold their stake to Ashfield, which allowed them to funnel monies into the Joint venture as a sponsor instead. Wests Ashfield picked up the slack funding Balmians Juniors programs and affiliates, and in turn Campbelltown took up financial duties regarding the ISP team which in the process alleviated the financial stresses on the Wests Tigers club.
The real problem is the fans carrying on like muppets at any opportunity. We arent the only club who doest share logos with our ISP feeder teams… Mounties, Newtown and Bears are all affiliated…
The one positive is that this is being discussed in a thread about us being financially sustainable, something we wouldnt be if the Wests Tigers carried the ISP teams financial strain of alone.
Our books are balancing because of this deal. There isnt any backroom takeover afoot… It was a shrewd business deal done in the best interest of the Wests Tigers. People need to grow up.