That is complete bullshit Alien. You realise licensed clubs publish annual reports dont you. In 2008 which is when the GFC hit and Benny unfortunately got his hands on the club, Balmain Leagues Club had assets of $ 31,201,147 and liabilities of $ 26,671,549 which is a NET ASSET of $4,529,598. The year before they had net asset of $8M. You are a weak lying merkin.
I could compare that to Souffs Leagues club, but you dont have one any more do you? Not since Rusty blew up the pokies. Ill add that in 2008 Balmain Leagues spent $900K on grants to junior leagues. How much does Souffs spend? Oh thats right they spend zero, infact they put their hand out and take money from them.
Typical of you weak flea to jump into the problems of a Leagues club when your mob cant even keep one going.
"South Sydney Herald 2/9/13
REDFERN: The social heartbeat of Redfern, formally known as Souths on Chalmers, was supposed to be a safe and family friendly environment where you could catch up with people, have a quiet drink, or cheer on the Bunnies – with huge TVs playing all live sports and weekly entertainment for all.
This came to an end, with the club failing to avoid falling into the hands of a voluntary administrator and consequently closing its doors for the final time on March 25 of this year.
Souths on Chalmers is a separate entity from the South Sydney Football Club, and was perceived as a valuable addition to the neighbourhood. Many residents held high hopes for the former South Sydney Leagues Club that was previously closed for renovations back in 2008.
In the 2012 Chairman’s Report, Chairman Bill Alexiou-Hucker expressed excitement for the opening of Souths on Chalmers, stating: “We kicked off the opening of Souths on Chalmers with a guest list of members of the Burrow and Football Club, past players and members who regularly attended our AGM along with our Life Members. As numbers were restricted, the Board and CEO felt that this was a good representation of the members who have followed our progress over recent years.”
Seventeen months on, the Leagues Club is now in voluntary administration, owing $5.65 million. This involves $2.6 million owed to a private lender, and $2 million to the Castellorizian Club which formerly ran the security on the premises. The debts also include $400,000 to a previous director and $600,000 to tradespeople who worked on the development."
Ah.....yes 1989, that was a tough moment for Balmain fans but its good sometime to sit back and think about things that could be worse. Like being a Souffs fan (generally) in 1989 when they won the minor premiership then went out in straight sets. LOL@Souffs!!!! You remember how painful that wsa dont you Alien? You were a Souffs fan werent you?
