I honestly thought Wests Campbo were chipping in, shows how much I know.
Balmain leagues is now at Lawn Bowls club somewhere in Balmain yeah?
Absolute f**king disgrace what has happened with their old venue. I went there a few times in the late 90’s early 2k’s and always had a good time there talking to the locals about footy after a NQ/Wests game.
Campbelltown used to have a 25% share with Wests Ashfield having 25% and Balmain having 50%, Campbelltown pulled out in 2013 giving Ashfield 50% share in the club. Ashfield gained another 25% when they repaid Balmain's loan to the NRL in return for the shares.
So at this point in time Ashfield owns 75% of the club with Balmain having the other 25%, Balmain however does have the option of buying back the other 25% if they can become financially viable.
Campbelltown have no say in the running of the club. I am from the Balmain side of the venture but I must say Wests Ashfield have been amazing throughout this process and effectively saved Balmain from extinction, they bought the 25% from Balmain by repaying a $8m loan to the NRL. When you look at the recent sale of the Warriors, they paid well above market value but did so to save their joint venture partner. The also have allowed Balmain the option of buying that 25% back.
They are also the reason Wests continue to play in Campbelltown despite the fact the ground is over an hours drive from their club.