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STG are proceeding towards privatization with a 50% sale to the merkin who owns WIN. Win Corp have casting vote at board level.
This has all come about because of unserviceable debt. They owe the WIN guy $700k and the NRL $6.5M.
Stability is managed by..
This has all come about because of unserviceable debt. They owe the WIN guy $700k and the NRL $6.5M.
Stability is managed by..
http://www.dailytelegraph.com.au/sp...m (Daily Telegraph | NRL)#load-story-comments“Reserved matters” need 75 per cent or more of the WIN and St George board members to agree to reduce the amount of games played at WIN Stadium or Jubilee Oval and change the club’s constitution. While a unanimous vote is required — including from Illawarra’s representative — to change the club’s name, logo or colours or relocate the club from NSW.