2015 Parramatta Leagues Club Election thread

[84 Baby]

Maybe that's just what they wanted you to think

 

[84 Baby]

TBH the sooner the club gets privatised the better IMO

 

[mrt_spec]

Is the 3P/Spags ticket still a ticket if they keep it a secret?

 

[phantom eel]

Maybe that's just what they wanted you to think

True... maybe Fitzy is running a team this time not to challenge Sharp after a previous falling out, but really to take votes away from Spagnolo's ticket and finish him once and for all :sarcasm:

TBH the sooner the club gets privatised the better IMO

I'm not sold on privatisation... end up with the same battles between shareholders/owners, just with less of a say from the members.

If the Club can get stability on both of its boards, then finally change the constitution to remove the "special condition" or whatever it's called linking three of the directors of one Board having to be on the other, and move to three year terms... then we'll be on our way to escaping the annual faction fights and the Club can get on doing what it needs to do without distraction .

 

[Twizzle]

TBH the sooner the club gets privatised the better IMO

How much do you reckon ?

serious question

 

[Gronk]

TBH the sooner the club gets privatised the better IMO

What if the buyer is a total knob ? What are you going to do then ? :lol:

Grass isn't always greener, merkin.

 

[MarkInTheStands]

Ray Fares, used to post here, I can't remember what his username was, good bloke.

Ben Smith is the former player with the club.

Craig Caterick is former Trainer and Medical Officer for First Grade here at the club. Stags has covered Fenwick and Johnson

Of course if you believe the hype everyone was in Fitzy's pocket if they served on a Board in his era, I guess that will include Ray Price who served on a Football Club board in the early 1990's but then when you consider what Doc Johnson did after getting elected in a 3P board and the offer he took maybe you could call him a Spagnolo man along with Gethro.

Maybe the best bet would be to talk to the candidates to find out what they stand for and what they want to achieve.

I would think some candidates would be in it for nothing more than reflected glory.

 

[MarkInTheStands]

How much do you reckon ?

serious question

I wouldn't let it go for more than $100 mil, for 99%, with a provision that it goes back to the members when the club has over $100 mil of its own money to invest and can survive purely on those investments.

The $100 mill to be aggressively invested to yield 7%pa or more.

 

[Gronk]

Ray Fares, used to post here, I can't remember what his username was, good bloke.

Ben Smith is the former player with the club.

Craig Caterick is former Trainer and Medical Officer for First Grade here at the club. Stags has covered Fenwick and Johnson

Of course if you believe the hype everyone was in Fitzy's pocket if they served on a Board in his era, I guess that will include Ray Price who served on a Football Club board in the early 1990's but then when you consider what Doc Johnson did after getting elected in a 3P board and the offer he took maybe you could call him a Spagnolo man along with Gethro.

Maybe the best bet would be to talk to the candidates to find out what they stand for and what they want to achieve.

I would think some candidates would be in it for nothing more than reflected glory.

Will a puppet declare his motives ?

 

[IFR33K]

Will a puppet declare his motives ?

So, is Ben smith the new EGJ.

 

[phantom eel]

So, is Ben smith the new EGJ.

Ben just has to ask someone, and then he'll get back to you with the answer ;-).

 

[emjaycee]

True... maybe Fitzy is running a team this time not to challenge Sharp after a previous falling out, but really to take votes away from Spagnolo's ticket and finish him once and for all :sarcasm:

I'm not sold on privatisation... end up with the same battles between shareholders/owners, just with less of a say from the members.

If the Club can get stability on both of its boards, then finally change the constitution to remove the "special condition" or whatever it's called linking three of the directors of one Board having to be on the other, and move to three year terms... then we'll be on our way to escaping the annual faction fights and the Club can get on doing what it needs to do without distraction .

liquidation of the PDRLC means the special condition is removed.

 

[84 Baby]

How much do you reckon ?

serious question

Haven't read the annual report, plus I'm not going to put the leg work in to value. If MITS says $100m I'll go with that, seems a lot though

What if the buyer is a total knob ? What are you going to do then ? :lol:

Grass isn't always greener, merkin.

It'd minimalise the amount of agendas floating around

 

[84 Baby]

Plus before anyone brings up Newcastle, I know stories about Tinkler

 

[phantom eel]

liquidation of the PDRLC means the special condition is removed.

I haven't heard anything about that for a while... is the DRLC still being liquidated? Is it currently in administration, or subject to some ongoing OLGR involvement?

 

[Barry O'Speedwagon]

I wouldn't let it go for more than $100 mil, for 99%, with a provision that it goes back to the members when the club has over $100 mil of its own money to invest and can survive purely on those investments.

The $100 mill to be aggressively invested to yield 7%pa or more.

Let 'what' go? The NRL license?

As a stand alone asset, It's worth $10-15m, on current funding arrangements.....max.

Basically legally impossible to privatise the whole leagues club without winding it up and liquidating the assets.

 

[MarkInTheStands]

Let 'what' go? The NRL license?

Yes and that alone.

 

[Barry O'Speedwagon]

Yes and that alone.

Ok, cheers. Well it's cash flow negative now (though that may be distorted a little by how costs are presently allocated), and let's say a brilliant outsider works out how to make it spin $3m a year. 5 times earnings is a little generous, but there's value in the rough chance of a significant reform to the way funds are distributed, so I'd stand by the $10m-$15m valuation....and that assumes that the buyer has some 'complementary' assets that can lever off the association with the footy club.

 

[Stagger eel]

Well, at least according to the Spagnolo-alligned people who were trying to hold onto power at that point...

Hold on, are you saying that Dennis never had an input with the ticket that was challenging the former board a few years back?

 

[mrt_spec]

Hold on, are you saying that Dennis never had an input with the ticket that was challenging the former board a few years back?

Hold on, are you trying to say that you aren't aligned with 3p/Spag?