Takeover bid to rock Manly - Another one joins the good guys!

[DoggiesBro]

Takeover bid set to rock Manly Eagles

EXCLUSIVE by Dean Ritchie From: The Daily Telegraph October 31, 2011 12:00AM





MANLY's boardroom is bracing for more bloodshed with waste and recycle company United Resources Management poised to launch a hostile $5.5 million takeover bid for the club.
Sources close to URM told The Daily Telegraph their company was seeking to become the club's major shareholder by buying out Penn Sport, which owns 40.72 per cent of the Manly Sea Eagles.

There were also rumblings that another major Manly shareholder, Quantum, was at loggerheads with Scott Penn, Manly's chairman.

Penn Sport has constantly said it would remain with Manly "long-term" but a $5.5 million offer - more than double what Penn Sport originally paid to buy into Manly - may tempt the company to walk away from Brookvale.

There were suggestions Quantum wanted to oust Penn as chairman but that would require a 6-1 vote through the club's constitution and Penn Sport has two votes at board level. But the two votes are not enough for the Penns with rival shareholders Quantum Energy, Manly's football club and Manly Leagues club "ganging up" with their combined five votes to defeat the Penns on most issues, including the sacking of 40-year official Peter Peters.

Quantum and former co-owner Max Delmege hold a 37.24 per cent stake in the club, Manly football club 13.11 per cent and Manly Leagues club 8.9 per cent.

It seems the board is fractured beyond repair. Penn is overseas and was unavailable for comment last night. Penn Sport executives are privately concerned the constant boardroom bickering could be damaging the company's brand name.

The next chapter will arrive in a few weeks at the football club elections with under-siege chairman Bob Reilly facing a monumental battle to retain his position after his key role in Peters' demise.

Peters has signalled he may now run against Reilly at the football club elections next month and also in the leagues club elections next February. The drama comes as Manly had three valuable employees quit over the past few days. Dave Warwick, coaching and development manager, has left for Canterbury, Alicia Keogh, events and game-day operations manager, has joined the RAS Showgrounds while Jessica Ivers, the club's digital media manager, also resigned.

Keogh and Ivers were huge supporters of Peters. And the problems don't end there.

Manly staff members are stunned at how little time rookie COO David Perry spends at the club's Narrabeen base. It seems Perry spends much of his time working at Penn's North Sydney offices - angering Quantum. One well-placed staff member said: "I don't know what he looks like."

Manly players are firmly behind Des Hasler for 2012, despite some board members wanting the coach sacked immediately. Players Jason King and Glenn Stewart told club officials Hasler must remain at Brookvale next season. Any board decision to punt Hasler would cause a player mutiny.

With elected board members already facing extinction at the coming elections, none would have the gumption to upset the premiership-winning playing group.



http://www.dailytelegraph.com.au/spo...-1226180814997​

 

[firechild]

And yet businesses want to throw big money at this club that you keep telling us is going to die.

 

[DoggiesBro]

And yet businesses want to throw big money at this club that you keep telling us is going to die.

They are trying to get rid of the idiots and you need it to help it stop going negitive in income. The sad thing for you is all the guys that make it a good club are jumping ship, the good thing is its to the Dogs

 

[firechild]

The sad thing for you is all the guys that make it a good club are jumping ship

Having blokes like Menzies and Williams coming back to the club can only be good for the club. Having a club legend in Toovey step into the head coaching role is hardly a step backwards, especially since this was the plan several years ago. Death ride the club all you like but despite News Ltd doing all they can to give negative exposure to the club, things are not that bad. How could a business offering $5.5mill to buy part of the club (less than 50%) possibly be a bad thing? URM have been associated with the club for a while as sponsors so despite the talk of sponsors potentially walking away, we are actually seeing them wanting to increase their association with the club. As for a few staff members leaving, people leave their jobs every day. Only 1 has gone to a rival club. Others have simply changed their career path.

 

[DoggiesBro]

2 have the coach and now him and more to follow.

Not to mention if you don't consider toovey an untested coach a step back to des you have rocks in your heads. Toovs may be a good coach, he also may be a flop. Look at moore and how succesful that was from someone who was a pretty good coach teaching him in folksy!

Anyhow this isn't a case of the club upping its money in it for exposure its trying to resolve the club problems and buy out someone who owns the majority and is responsible for so many of the problems there or so it seems.

 

[Nice Beaver]

They are trying to get rid of the idiots and you need it to help it stop going negitive in income. The sad thing for you is all the guys that make it a good club are jumping ship, the good thing is its to the Dogs

hahaha besides Hasler and Cleal you wouldn't have a f*cking clue who the good operators are within the Manly club any more than you would the Namibian Soccer Federation.
2 comps in 4 years with a "dysfunctional" administration seems alot better than the shit your mob has served up with the greatest CEO the NRL has ever seen.:roll:
Keep trolling dickhead.

 

[Perth Red]

Why would you want to buy a club like Manly that is haemorrhaging money with little sign that it can be reversed? I am guessing the owner of this recycle company is a lifelong Manly fan? (or does he plan to recycle them to the Queensland coast?)

 

[firechild]

Why would you want to buy a club like Manly that is haemorrhaging money with little sign that it can be reversed? I am guessing the owner of this recycle company is a lifelong Manly fan? (or does he plan to recycle them to the Queensland coast?)

Because regardless of what is happening, the club is very successful and there is potential for the right people to turn that into profits. We keep hearing people saying "but if Cronulla won a premiership" or "but if Souths had on-field success" then their situations might be different. Manly have the success, they just need the right people to get the boardroom decisions right to take advantage of it. Tinkler dropped his hard earned into a club that was a shambles with little to show for it. This is also the reason why club history is important. Business people who also have a passion for their rugby league club are more willing to dip into their pockets when the reward is potential profit along with saving the club they love. Are there many people who would do the same for the Titans or would they have done it for the plastic clubs in the Hunter, Adelaide or "South Queensland"? If people want to invest in rugby league clubs then that can only be a good thing.

 

[firechild]

Not to mention if you don't consider toovey an untested coach a step back to des you have rocks in your heads. Toovs may be a good coach, he also may be a flop. Look at moore and how succesful that was from someone who was a pretty good coach teaching him in folksy!

I'm making no claims about how good Toovey is but you have to remember that Des was an untested coach with less experience than Toovey when he was placed in charge of Manly. All coaches, good or bad, start somewhere. Manly does have a good track record with coaches who came through the playing ranks at the club and Toovey is someone that many people at Manly have a lot of faith in, including the players.

 

[ceagle]

Trying to rub something in Doggiesblow? I think you have forgotten that we won the trophy this year, and the Dogs are not guaranteed to win shit.

 

[DoggiesBro]

I'm making no claims about how good Toovey is but you have to remember that Des was an untested coach with less experience than Toovey when he was placed in charge of Manly. All coaches, good or bad, start somewhere. Manly does have a good track record with coaches who came through the playing ranks at the club and Toovey is someone that many people at Manly have a lot of faith in, including the players.

Sorry but the whole we have good coaching come through doesn't mean sqwat every coach at the dog had won a title before moore and look what happened? Carry's no weight what so ever. You said Toovs wasn't a big step back, i would say its a huge step back. It's a rookie coach replacing a coach who has got you 2 titles in recent years.

As for bagging the dogs club, its slinging shit that wont stick. We haven't won a title in the past 5 years sure. We have had some bad times however we are still the most established club in or around Sydney and the best thing is since "the best ceo" has taken over we have only gotten stronger and lost the whole f**khead nonsense we went through. Now the club is in such good shape they have realised we need to address our on field preformance as it hasn't been a title threat bar 2009 in the past 3 years. However things haven't exactly gone to plan with injurie's and coaching though what happens? They go out and sign without a doubt a top 3 coach and possible based on recent results the best one going round. No doubt now they will focus on who Des wants with him in his staff then focus on signing quality in two positions we lack badly, 5/8 and wing outside of Turner.

However this has nothing to do with the Dog's except for another bloke jumping ship!

 

[DoggiesBro]

Trying to rub something in Doggiesblow? I think you have forgotten that we won the trophy this year, and the Dogs are not guaranteed to win shit.

Especially since dessie re-signed to 2015 and your on the kennel laughing at everyone cause des will never go to the dogs.

 

[DoggiesBro]

Why would you want to buy a club like Manly that is haemorrhaging money with little sign that it can be reversed? I am guessing the owner of this recycle company is a lifelong Manly fan? (or does he plan to recycle them to the Queensland coast?)

If they can fix the board (which if he buys this germ out) i think is a huge step in the right direction, they clearly have a talented roster overall, and if toovey can prove to be 1/10th of the coach Des is then they aren't in to bad of shape provided they don't lose alot of players.

Being succesful for the recent years has to carry some good exposure so surely if a smart man can get ahold of them and cut the crap it would have to start turning a profit at sometime.

Prime example is the Knights. While he might be a out and out prick he obviously is very business smart, has the money to back it, and will no doubt take the Knights back to a positive club, something they haven't been for how long?

The thing i heard with the deals he was doing for membership is a perfect example, he might lose money to start with on the discounts etc they doing however overall it will drag more heads and eventually lead to more return and higher turn over. Has to have money to be able to do it but also is a smart move for a struggling club with turnover before he got hold of it.

 

[Hutty1986]

Sorry but the whole we have good coaching come through doesn't mean sqwat every coach at the dog had won a title before moore and look what happened? Carry's no weight what so ever. You said Toovs wasn't a big step back, i would say its a huge step back. It's a rookie coach replacing a coach who has got you 2 titles in recent years.

As for bagging the dogs club, its slinging shit that wont stick. We haven't won a title in the past 5 years sure. We have had some bad times however we are still the most established club in or around Sydney and the best thing is since "the best ceo" has taken over we have only gotten stronger and lost the whole f**khead nonsense we went through. Now the club is in such good shape they have realised we need to address our on field preformance as it hasn't been a title threat bar 2009 in the past 3 years. However things haven't exactly gone to plan with injurie's and coaching though what happens? They go out and sign without a doubt a top 3 coach and possible based on recent results the best one going round. No doubt now they will focus on who Des wants with him in his staff then focus on signing quality in two positions we lack badly, 5/8 and wing outside of Turner.

However this has nothing to do with the Dog's except for another bloke jumping ship!

Or the past 8. And Ennis is still sh*t

 

[DoggiesBro]

Or the past 8. And Ennis is still sh*t

Thanks for your great comment, good to see your good with maths. 2004 was our last title, that means 7 years since we last won a title. Anyhow you know what? Your club has done f**k all bar 1 year. Wouldn't be talking much and again Ennis is 100000x the hooker your club has.

 

[Hutty1986]

Thanks for your great comment, however you know what? Your club has done f**k all bar 1 year. Wouldn't be talking much and again Ennis is 100000x the hooker your club has.

I would take every single number 9 at Saints ahead of Ennis, including the sluggish service of Youngy.

 

[grouch]

The blue n white BunniesMan.

 

[DoggiesBro]

I would take very single number 9 at Saints ahead of Ennis, including the sluggish service of Youngy.

Glad to hear but not suprised after all you can't do basic maths, you can keep every single one. Hell Romeleo is better then any of your 9's

 

[Hutty1986]

Glad to hear but not suprised after all you can't do basic maths, you can keep every single one. Hell Romeleo is better then any of your 9's

lol.

 

[Canard]

BunniesMan having a bob each way, creating a persona that is a Dogs fan. BunniesMan/DoggiesBro it's not even that subtle.

Whats next KiwiBra? SharkiesChick?