TIGERS Rozelle Development

Balmain Tigers and Western Suburbs Magpies Junior Development Discussion
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innsaneink
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Re: TIGERS Rozelle Development

Post by innsaneink » Thu 13 Sep, 2018 2:32 pm

I'm sure that's the case Quin


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Post by Cultured Bogan » Thu 13 Sep, 2018 2:35 pm

quintus wrote:
Thu 13 Sep, 2018 1:29 pm
This all makes for very interesting reading whilst I sit here polishing my Balmain Leagues Club life membership badge.... If this building proposal goes ahead we will still be Wests Tigers because that's what we are now....We have been through all the infighting here and we know who is who and what is what....Wests Ashfield will never be forgotten for the big part they undertook to save Balmain....Both sides are now linked, never to be unlinked ever again....At least that's my hope and opinion.... :sign:
Nice post Quintus.

:sign:
#penaltyTigers

Cuando llegue el día, y estoy parado a las puertas del cielo, será Dios pidiendo mi perdón...

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Post by Kerry Cogger » Thu 13 Sep, 2018 4:58 pm

innsaneink wrote:
Thu 13 Sep, 2018 2:32 pm
I'm sure that's the case Quin
Do I smell a hint of sarcasm? :shock:

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Post by Needaname » Thu 13 Sep, 2018 5:16 pm

What are peoples thoughts about a rebranding of the leagues clubs to be West’s Tigers?
I believe it is a positive step to ensuring we have a marketable brand and not just a football club but are we too rusted on to see the opportunity it provides?

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Post by BalmainTiger » Thu 13 Sep, 2018 5:23 pm

quintus wrote:
Thu 13 Sep, 2018 1:29 pm
This all makes for very interesting reading whilst I sit here polishing my Balmain Leagues Club life membership badge.... If this building proposal goes ahead we will still be Wests Tigers because that's what we are now....We have been through all the infighting here and we know who is who and what is what....Wests Ashfield will never be forgotten for the big part they undertook to save Balmain....Both sides are now linked, never to be unlinked ever again....At least that's my hope and opinion.... :sign:
totally agree


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Post by BalmainTiger » Thu 13 Sep, 2018 5:31 pm

Abraham wrote:
Thu 13 Sep, 2018 12:49 pm
BalmainTiger wrote:
Wed 12 Sep, 2018 8:45 pm
Abraham wrote:
Wed 12 Sep, 2018 8:34 pm
Wests Ashfield should take over the running of the Balmain side of things, and rebrand themselves as Wests Tigers.

One club with one owner moving forward.

They are in Balmain territory anyway these days, it makes sense to me, even as a diehard Balmain tragic.
this is Balmain we are talking about and not Wests Magpies. i wish all the old Magpies supporters stay out of this as it has nothing to do with you. this is about Balmain and it's leagues club.
Hi BalmainTiger,

I am not an old Magpies supporter.

So do i have your permission to speak?

Please.
you don't need my permission to speak your mind, everybody is entitled to have their own opinions.
i am just a Wests Tigers supporter and an old Balmain supporter who hopes the new leagues club goes up so Balmain never dies. if that is the wrong thinking then so be it.

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Post by Needaname » Thu 13 Sep, 2018 5:34 pm

FYI,
Roy Masters Article below.

Balmain stave off voluntary administration, but fight is far from over
By Roy Masters
13 September 2018 — 3:55pm

Balmain Tigers have demonstrated their traditional fighting spirit, staving off voluntary administration by negotiating a significant financial contribution from Heworth Pty Ltd, the developer who took control of their Rozelle site 18 months ago.

Rumours have swirled for days that Balmain, a 1908 foundation club, would be forced into voluntary administration, almost 10 years to the day after the start of the global financial crisis, which halved the value of their assets.

Balmain's two licensed clubs, at Sydney Markets and Five Dock, have not provided the cash flow necessary to meet all its obligations, but Heworth's executive director, Gary He, agreed to a rescue package.

“The new owner listened to us and gave us a substantial cash injection, which we will use to refresh the two small licensed clubs we operate, as well as maintain our quarter share of the Wests Tigers NRL club and service our junior league,” Balmain chairman Dr Leslie Glen said.

Balmain’s hold on their 25 per cent share of Wests Tigers depends on meeting a debt to the NRL by November 2021. Four years ago, the NRL advanced Wests Tigers $10 million with Wests and Balmain to repay $5 million each. Wests repaid their debt and took control of half of the debt of cash-strapped Balmain, reducing its debt was $2.5 million.

However, an interest rate of 4 per cent has seen it grow to $2.8 million and it is expected to be $3 million by the sunset clause.

The NRL will own the 25 per cent if Balmain default, but the governing body is expected to offer it to Wests Leagues Club at Ashfield, which now owns 75 per cent.

Wests' preference is for Balmain to pay the debt by the settlement date. After all, the NRL will insist the club forever be badged Wests Tigers, the only name a generation of young fans has known and the Tigers heritage carries sponsorship opportunities.

“Our DNA must be in there," Dr Glen said. "We fought to survive for the heritage we have. We’re going to have the quarter share forever. We’ve also got 3000 kids in our junior league.

“I’m very grateful to all those who’ve helped – the new developer, Wests Ashfield, Inner West Council mayor Darcy Byrne.”

While Heworth Pty Ltd's 11th-hour rescue package has staved off voluntary administration, it could be in the interests of the developer and Balmain to maintain their relationship. It is understood the height of any development at the Rozelle site is dependent on a future Balmain Leagues Club occupying a top storey. No Tigers licensed club and perhaps the site would be less profitable to the developer.

“There are implications coming from a Land and Environment Court judgement of August 2016, which guarantees the return of a Balmain Leagues Club to Rozelle,” Dr Glen said.

The clock may be ticking towards the NRL’s November 2021 sunset clause, but 10 years after the GFC, Balmain are still in a fight for survival.

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Post by innsaneink » Thu 13 Sep, 2018 5:47 pm

Kerry Cogger wrote:
Thu 13 Sep, 2018 4:58 pm
innsaneink wrote:
Thu 13 Sep, 2018 2:32 pm
I'm sure that's the case Quin
Do I smell a hint of sarcasm? :shock:
Not at all

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Post by Tigerdon » Thu 13 Sep, 2018 6:00 pm

Needaname wrote:
Thu 13 Sep, 2018 5:16 pm
What are peoples thoughts about a rebranding of the leagues clubs to be West’s Tigers?
I believe it is a positive step to ensuring we have a marketable brand and not just a football club but are we too rusted on to see the opportunity it provides?
It would be great to actually have a proper WestsTigers club house.
However I’m torn because I also would like both Balmain and Western Suburbs to hold onto some of there 1908 DNA (as Roy Masters said ).
in Ivan we distrust

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Post by Balmainbred » Thu 13 Sep, 2018 7:08 pm

This must be the last straw for Balmain Leagues Club to ever exist. It would be pretty unfair for the oringal Tigers to disappear for ever. I’m now a passionate West Tigers supporter, for the love of the game it’s a must to keep our foundation sides alive.

Surely there’s got to be away to build a West Tigers Club other then in Rozelle, let the BDRLFC, live on.

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