Should St George Illawarra end their joint venture?

[possm]

The JV has the current license.

Easts, Souths, manly and Canterbury are not factors as they would not be in competition for the license in this scenario. The competition would come from Brisbane 2, Illawarra, Perth, NZ 2, central qld and possibly Adelaide and Central coast.

Again, Cronulla is not a consideration in this scenario. They have an existing license.

If anything, Cronulla’s existence would threaten a St George stand alone bid, as the NRL could annex the St George juniors to the Sharks, while opening up a new area with a new franchise.


Why would there be a caretaker board? Where do you think the St George board would go in this scenario? And what makes you think that the current inept board members could organise anything like that?

And my understanding is that the buyer was for the Illawarra side of the JV. Who was the buyer for St George?

The Illawarra were at risk of failure when standing alone, and were at risk again recently as part of the JV. But they did not fail either time.

And Souths lost their court case. See link below:

https://www.smh.com.au/sport/nrl/ra...till-free-to-run-run-run-20030814-gdh907.html

They were reinstated because the NRL chose to. At a guess, I would say that was because the NRL decided it was better for the game.

If the NRL were making such a decision now, would they do the same for the Dragons? Do we generate enough interest in the game to make the advertising profit required for the Dragons to be a net gain? Would we still make a similar level if the Illawarra region was lost to the NRL?

I suggested no such thing. But they have before, as demonstrated by the Souths link posted above.

If a suitable commercial entity made a successful offer to buy the St George shares of SGI and then was successful in buying WIN's shares, effectively obtaining ownership of SGI. Such an entity could offer to allow full members of St George Leagues Club to vote for half the number of Board members ensuring the members have a say and can hold half the Board accountable for decisions each year. The other half of the Board could be professional business men/women who would be invaluable in positive development of the Club on and off the field. The new owners would also provide a chair Person.

The name SGI can remain and will represent that we represent the St George district and Illawarra district.

So although the ownership has changed, I see no reason for the NRL not to approve the change.

 

[SBD82]

If a suitable commercial entity made a successful offer to buy the St George shares of SGI and then was successful in buying WIN's shares, effectively obtaining ownership of SGI. Such an entity could offer to allow full members of St George Leagues Club to vote for half the number of Board members ensuring the members have a say and can hold half the Board accountable for decisions each year. The other half of the Board could be professional business men/women who would be invaluable in positive development of the Club on and off the field. The new owners would also provide a chair Person.

The name SGI can remain and will represent that we represent the St George district and Illawarra district.

So although the ownership has changed, I see no reason for the NRL not to approve the change.

You’re answering a question that hasn’t been asked, and your answer is an unlikely scenario.

We aren’t talking about a change of ownership, we were discussing a dissolving of the JV.

 

[This Year?]

Make Saints great again

 

[possm]

You’re answering a question that hasn’t been asked, and your answer is an unlikely scenario.

We aren’t talking about a change of ownership, we were discussing a dissolving of the JV.

With the change of ownership there will be no JV, just a corporate entity who allows SGI members to have a say.

We need a complete clean out and this is the way to achieve it.

1. We need management accountability and this is the way to achieve it.
2. We need a professional Board that also represents the wishes of the membership and this is the way to achieve it.
3. We need to be competitive in the player market place with TPA and a good coach and this is the way to achieve it.

 

[SBD82]

With the change of ownership there will be no JV, just a corporate entity who allows SGI members to have a say.

We need a complete clean out and this is the way to achieve it.

1. We need management accountability and this is the way to achieve it.
2. We need a professional Board that also represents the wishes of the membership and this is the way to achieve it.
3. We need to be competitive in the player market place with TPA and a good coach and this is the way to achieve it.

You’re describing a hostile takeover of Illawarra by the Dragons. Where do you think the finances for this come from?

And please don’t say that you’re sure financial backing could be sourced by the board. They can’t even run a leagues club.

 

[possm]

You’re describing a hostile takeover of Illawarra by the Dragons. Where do you think the finances for this come from?

And please don’t say that you’re sure financial backing could be sourced by the board. They can’t even run a leagues club.

An agent unrelated to SGI but interested in finding an owner with deep pockets may arrange an offer that SGI just can't refuse. Profit for a struggling WIN Corp and funds to refurbish the Taj for St George, this offer after two years of substantial losses would be enough to convince SGI and the NRL that such a move would be good for the game.

 

[SBD82]

An agent unrelated to SGI but interested in finding an owner with deep pocket may arrange an offer that SGI just can't refuse. Profit for a struggling WIN Corp and funds to refurbish the Taj for St George, this offer after two years of substantial losses would be enough to convince SGI and the NRL that such a move would be good for the game.

I don’t think this is grounded in any sort of reality.

A sale to an owner with deep pockets who would depose the board would have to be organised by the board. St George board members have feathered their nest, and WIN clearly have an interest due to their recent purchase. Why would either side pursue such a sale?

 

[muzby]

I don’t think this is grounded in any sort of reality.

A sale to an owner with deep pockets who would depose the board would have to be organised by the board. St George board members have feathered their nest, and WIN clearly have an interest due to their recent purchase. Why would either side pursue such a sale?

To refurbish the Taj, clearly..

 

[SaintPauli]

So you'd prefer us to head back to days like this?

There’s the issue right there. The St George board has not demonstrated good management for decades.

Spot on! Bad decisions and no consultation with St George Dragons fans best interest.

 

[possm]

I don’t think this is grounded in any sort of reality.

A sale to an owner with deep pockets who would depose the board would have to be organised by the board. St George board members have feathered their nest, and WIN clearly have an interest due to their recent purchase. Why would either side pursue such a sale?

SGI

1. A way forward that makes sense and that is financially a superior development plan.
2. An upgrade to WIN Stadium.
3. Increased funding for grass roots / school / junior / women's football.
4. An upgrade to pathways development and training resources.
5. Funds set aside to hire one of the best head coach and support staff available.
6. More professional marketing and website management.
7. A commitment to make SGI the super club that NRL promised it would be.

WIN

1. Purchase of shares at a lucrative price that represents a good short term return on their investment.
2. Various joint marketing activity plans.
3. A major sponsorship deal or TPA opportunities.
4. Additional pre-season games (international exhibition) broadcasted on WIN TV.
5. WIN Scholarships for players - highly published.

St George

1. Purchase of shares at a lucrative price that
   represents a ​
   good return on their investment.​
2. Upgrade to the Leagues Club (the Taj).
3. Upgrade to Kogarah Jubilee Oval and the surrounding precinct.
4. A new fitness centre located at Kogarah with all the latest technology.

 

[SBD82]

SGI

1. A way forward that makes sense and that is financially a superior development plan.
2. An upgrade to WIN Stadium.
3. Increased funding for grass roots / school / junior / women's football.
4. An upgrade to pathways development and training resources.
5. Funds set aside to hire one of the best head coach and support staff available.
6. More professional marketing and website management.
7. A commitment to make SGI the super club that NRL promised it would be.

WIN

1. Purchase of shares at a lucrative price that represents a good short term return on their investment.
2. Various joint marketing activity plans.
3. A major sponsorship deal or TPA opportunities.
4. Additional pre-season games (international exhibition) broadcasted on WIN TV.
5. WIN Scholarships for players - highly published.

St George

1. Purchase of shares at a lucrative price that
   
   represents a ​
   good return on their investment.​
2. Upgrade to the Leagues Club (the Taj).
3. Upgrade to Kogarah Jubilee Oval and the surrounding precinct.
4. A new fitness centre located at Kogarah with all the latest technology.

I think you’re an optimist Possm. To the point of being unrealistic.

I’m not going to give you shit for that. Optimism is a fine quality. But I have to disagree that your ideas are based on reality.

 

[Carlton]

SGI

1. A way forward that makes sense and that is financially a superior development plan.
2. An upgrade to WIN Stadium.
3. Increased funding for grass roots / school / junior / women's football.
4. An upgrade to pathways development and training resources.
5. Funds set aside to hire one of the best head coach and support staff available.
6. More professional marketing and website management.
7. A commitment to make SGI the super club that NRL promised it would be.

WIN

1. Purchase of shares at a lucrative price that represents a good short term return on their investment.
2. Various joint marketing activity plans.
3. A major sponsorship deal or TPA opportunities.
4. Additional pre-season games (international exhibition) broadcasted on WIN TV.
5. WIN Scholarships for players - highly published.

St George

1. Purchase of shares at a lucrative price that
   represents a ​
   good return on their investment.​
2. Upgrade to the Leagues Club (the Taj).
3. Upgrade to Kogarah Jubilee Oval and the surrounding precinct.
4. A new fitness centre located at Kogarah with all the latest technology.

St George Leagues Club has a very strong balance sheet including property that is likely valued below market value. The club is worth more closed than as an ongoing concern. Whats more likely is the Leagues Club property is sold off and the club moved to the Illawarra.

We now have
a regional broadcaster who owns half of the JV,
a club worth more closed than open,
games have been moved away from Kogarah,
the NRL pushing for WIN and Illawarra involvement in the JV,
a geographically spread fan base.

There is already a long term plan being played out.

 

[muzby]

St George Leagues Club has a very strong balance sheet including property that is likely valued below market value. The club is worth more closed than as an ongoing concern. Whats more likely is the Leagues Club property is sold off and the club moved to the Illawarra.

We now have
a regional broadcaster who owns half of the JV,
a club worth more closed than open,
games have been moved away from Kogarah,
the NRL pushing for WIN and Illawarra involvement in the JV,
a geographically spread fan base.

There is already a long term plan being played out.

 

[Saints Forever]

Yes just ask channel 10

WIN certainly did well out of that takeover bid

Don’t be surprised if WIN sells out to St George Leagues Club within the next couple of years.

 

[muzby]

Yes just ask channel 10

WIN certainly did well out of that takeover bid

Don’t be surprised if WIN sells out to St George Leagues Club within the next couple of years.

Poor analogy..

Channel 10 were still conquered..

The equivalent of such a similar situation here would see the Dragons sold off to an overseas club..

Maybe CFG could buy the licence and we could become Wollongong City RLFC..

Either way, the future looks as sunny as North Wollongong beach in summer..

 

[Dennis Papaioannou]

St George Leagues Club has a very strong balance sheet including property that is likely valued below market value. The club is worth more closed than as an ongoing concern. Whats more likely is the Leagues Club property is sold off and the club moved to the Illawarra.

We now have
a regional broadcaster who owns half of the JV,
a club worth more closed than open,
games have been moved away from Kogarah,
the NRL pushing for WIN and Illawarra involvement in the JV,
a geographically spread fan base.

There is already a long term plan being played out.

Sounds very plausible except we still look no chance of being a top 4 club.

 

[Saints Forever]

Poor analogy..

Channel 10 were still conquered..

The equivalent of such a similar situation here would see the Dragons sold off to an overseas club..

Maybe CFG could buy the licence and we could become Wollongong City RLFC..

Either way, the future looks as sunny as North Wollongong beach in summer..

Hey Muz, appears you have lost the plot.

CBS successfully conquered channel 10, with Gordon losing his entire interest in the channel. Just as I predict he will with the JV.

 

[muzby]

Hey Muz, appears you have lost the plot.

CBS successfully conquered channel 10, with Gordon losing his entire interest in the channel. Just as I predict he will with the JV.

No plot lost.

For your analogy to work, channel 10 would have needed to conquer WIN.

Gordon had around 15% of company shares when Ten went bust, so it was hardly a major controlling interest..

The channel was then bought out by CBS from overseas..

So again, for your view to be correct, an overseas party would need to buy out both St George and WIN..

This result, like most others, still points to St George being the loser in any disbanding of the JV..

 

[Carlton]

Wrong picture Muzby

Should have a picture of Greenberg up there.

 

[Carlton]

Wrong picture Muzby

Should have a picture of Greenberg up there.

I'm not anti Illawarra, I'm anti the behind the scenes deals that have been made between NRL, Gordons, the old boys network and the the vested interests from other clubs influencing the way things are moving.