The Great Dane
First Grade
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Two de-mergers.Lol
Mergers have been one big disaster in RL
Beagles & St Merge were takeovers with power plays, bickering and one de merger and we are possibly headed for another
Even the Wests-Tigers if Balmain had half a chance they would demerge. Even Wests are struggling to keep Ashfield & Campbelltown as a joint entity
And 25y later the fan base still doesnt accept mergers
It wasn't as messy as the Northern Eagles, but the Steelers sold all their shares in the St. George Illawarra Dragons years ago.
Balmain only hold token shares in the Wests Tigers as well, and they only still hold onto those because of intervention from the NRL and business community when that merger was starting to look like it was going to go through a messy breakup about a decade.
Though some of the older Balmain boys will vehemently disagree, it's not unreasonable to suggest that the Wests Tigers administration doesn't actually function as a merger in any meaningful sense of the word anymore, even though they still are one on paper... I've said it before, but it's only a matter of time before some Magpies old boys within the club start to push for the club to revert completely to the Magpies. Whether or not they're successful is a different question, and it may have already happened in fact, but I digress.