WIN Corporation

[muzby]

Well given that info & that they now own 50% of the Dragons JV.....I’ll refer to them as WIND ( Wollongong Illawarra NSW Dragons )
and they sure are full of it!

Whilst I agree with you there that they are a burst of fresh air into the stale atmosphere of St George, the ownership of the JV share belongs to WIN Corp, who have many other brands under them.

It would be unfair on those other brands for the dragons to get naming rights in the corporation.

 

[George Dragon]

They paid our debt to NRL resulting in us getting the full hand out each year.
Prevously we were docked around 400k as a loan repayment.
This in turn gave us more money to increase Marys wages this beating off rival suitors.
Edit Some parts of this story may or may not be true.

 

[merahputih]

Just to veer off a bit from the subject, I wonder how things would have looked if Paul Smith's Total Sport + company had put in the winning bid for the Illawarra side of the JV. His involvement had put a rocket under the Sydney Kings and boosted them from mediocrity to the top of the table. He is a colorful guy who in never short of a quote on any subject (Kings fans are never in any doubt what's going on with their club- he talks one on one to them ) and has a deep and distinguished sports management background- and is a passionate Dragons supporter. I know it's all history now but I firmly believe we would be a powerhouse to rival the Roosters now if this had happened.

 

[muzby]

Just to veer off a bit from the subject, I wonder how things would have looked if Paul Smith's Total Sport + company had put in the winning bid for the Illawarra side of the JV. His involvement had put a rocket under the Sydney Kings and boosted them from mediocrity to the top of the table. He is a colorful guy who in never short of a quote on any subject (Kings fans are never in any doubt what's going on with their club- he talks one on one to them ) and has a deep and distinguished sports management background- and is a passionate Dragons supporter. I know it's all history now but I firmly believe we would be a powerhouse to rival the Roosters now if this had happened.

I think he can still get involved - buy out the St George half and we’ll be unstoppable!

 

[muzby]

beating off rival suitors.

This sounds like a unique tactic to use in a negotiation..

 

[Saints Forever]

All club supporters should be very grateful to WIN Corporation.

After all they have provided diligent, effective corporate governance to the JV

Its nominated board members and Chairman are the envy of the league

WIN has stamped out cronyism and rid our club of useless old boys like our coach Mary.

Its ability to influence the NRL on key issues has been most welcome.

WIN's business acumen is outstanding. Particularly the way it handled its interest in Channel 10

Great to see our Chairman leading the way forward, providing transparency as regards the selection process of our new CEO..

Without WIN Corporation where would we be?

Can someone wake me up when this nightmare is over please?

 

[merahputih]

This sounds like a unique tactic to use in a negotiation..

It helps consummate the deal.

 

[merahputih]

All club supporters should be very grateful to WIN Corporation.

After all they have provided diligent, effective corporate governance to the JV

Its nominated board members and Chairman are the envy of the league

WIN has stamped out cronyism and rid our club of useless old boys like our coach Mary.

Its ability to influence the NRL on key issues has been most welcome.

WIN's business acumen is outstanding. Particularly the way it handled its interest in Channel 10

Great to see our Chairman leading the way forward, providing transparency as regards the selection process of our new CEO..

Without WIN Corporation where would we be?

Can someone wake me up when this nightmare is over please?

Hang on while I wipe up the sarcasm.

 

[muzby]

Great to see our Chairman leading the way forward, providing transparency as regards the selection process of our new CEO..

You aren’t happy with today’s announcement?

Without WIN Corporation where would we be?

NSW Cup.

And you know it..

 

[possm]

So, what was the state of play prior to WIn Corp acquiring the Illawarra shares?

• Illawarra owed the Gordons/WIN Corp millions of dollars.
• Illawarra could not / did not pay their share of contributions to SGI; owing millions of dollars.
• The Illawarra faction within SGI held back SGI's progress by practicing devisive politics and trading pokical appointments within the Club.

WIN Corp / Gordons had no chance to recover the Illawarra debt and did not want to provide them with new loans. Their contribution mainly centered araound the fogiveness of the Illawarra debt and the payment of the outstanding funds owed to SGI; which seemed to closely equeal the total sum owed to the NRL.

Now, what if the St George entity called in the Illawarra dept and refused to allow shares to be transferred to WIN Corp. The end result would have been WIN Corp / Gordons would have no ownership of SGI and would have to write off / bankrupt Illawarra with no real prospect of recovering the outstanding dept.

Just imagine if St George declined the WIN Corp / Gordon offer and instead took ownership of the Illawarra shares. Then sold 50% of the SGI shares to Paul Smith's Total Sport + company for the sum offered by them (10m dollars:.

• SGI would pay the NRL the 6m dollars debt owed.
• SGI would have a suplus of funds rising out of this transaction of about 4m dollars.
• SGI would then have the ability upto 4m dollars on:
• Marketing
• A new professional coaching staff
• Professional senior management staff including the CEO
• Other non-salary cap items.

In addition if Paul Smith's Total Sport + company could replicate their demonstrated success with the Sydney Kings, there is really no arguement that SGI would be much better off without the WIN Corp / Gordon deal.

I'd say the only reason SGI did not go with the Paul Smith's Total Sport + company offer, would be all to do with the self interests of those power brokers in control of the Club at the time.

 

[SBD82]

So, what was the state of play prior to WIn Corp acquiring the Illawarra shares?
Illawarra owed the Gordons/WIN Corp millions of dollars.
Illawarra could not / did not pay their share of contributions to SGI; owing millions of dollars.
The Illawarra faction within SGI held back SGI by practicing devisive politics and trading pokical appointments within the Club.

WIN Corp / Gordons had no chance to recover the Illawarra debt and did not want to provide them with new loans. Their contribution mainly centered araound the fogiveness of the Illawarra debt and the payment of the outstanding funds owed to SGI; which seemed to closely equeal the total sum owed to the NRL.

Now what if the St George entity called in the Illawarra dept and refused to allow shares to be transferred to WIN Corp. The end result would have been WIN Corp / Gordons would have no ownership of SGI and would have to write off / bankrupt Illawarra with no real prospect of recovering the outstanding dept.

Just imagine if St George declined the WIN Corp / Gordon offer and instead took ownership of the Illawarra shares. Then sold 50% of the SGI shares to Paul Smith's Total Sport + company for the sum offered by them (10m dollars). Then SGI pay the NRL 6m dollars and have 4m dollars in the kitty to spend on marketing, a new professional coaching staff, professional senior managers including the CEO and other non-salary cap items. In addition if Paul Smith's Total Sport + company could replicate their demonstrated success with the Sydney Kings, there is really no arguement that SGI would be much better off without the WIN Corp / Gordon deal.

I'd say the only reason SGI did not go with the Paul Smith's Total Sport + company offer, would be all to do with the self interests of those power brokers in control of the Club at the time.

There are so many factual errors in this post that I literally do not know where to start.

 

[muzby]

There are so many factual errors in this post that I literally do not know where to start.

Typical of the St George management, if you ask me.

Perhaps he’s a Leagues Club stooge?

 

[muzby]

So, what was the state of play prior to WIn Corp acquiring the Illawarra shares?
Illawarra owed the Gordons/WIN Corp millions of dollars.
Illawarra could not / did not pay their share of contributions to SGI; owing millions of dollars.
The Illawarra faction within SGI held back SGI by practicing devisive politics and trading pokical appointments within the Club.

WIN Corp / Gordons had no chance to recover the Illawarra debt and did not want to provide them with new loans. Their contribution mainly centered araound the fogiveness of the Illawarra debt and the payment of the outstanding funds owed to SGI; which seemed to closely equeal the total sum owed to the NRL.

Now what if the St George entity called in the Illawarra dept and refused to allow shares to be transferred to WIN Corp. The end result would have been WIN Corp / Gordons would have no ownership of SGI and would have to write off / bankrupt Illawarra with no real prospect of recovering the outstanding dept.

Just imagine if St George declined the WIN Corp / Gordon offer and instead took ownership of the Illawarra shares. Then sold 50% of the SGI shares to Paul Smith's Total Sport + company for the sum offered by them (10m dollars). Then SGI pay the NRL 6m dollars and have 4m dollars in the kitty to spend on marketing, a new professional coaching staff, professional senior managers including the CEO and other non-salary cap items. In addition if Paul Smith's Total Sport + company could replicate their demonstrated success with the Sydney Kings, there is really no arguement that SGI would be much better off without the WIN Corp / Gordon deal.

I'd say the only reason SGI did not go with the Paul Smith's Total Sport + company offer, would be all to do with the self interests of those power brokers in control of the Club at the time.

Just admit it..

St George have failed and should just become a feeder club for a stand alone Illawarra..


Personally I’d have them being a feeder club for the sharks, what with the home ground sharing and all, but I guess given the Illawarra Dragons will most likely wear the red V, we should be respectful to our elders.

 

[Stan Gorton 2511]

Lol getting that line out Muzby

 

[VodkaSaint]

Toilet paper

 

[muzby]

View attachment 36888 Toilet paper

The Illawarra mafia are behind the shortage.

 

[Old Timer]

Illawarra stooges still claiming how good their involvement is
Akin to Queenslander’s lauding how good JBP was
The simple fact is regardless of what St George have / haven’t done Illawarra is a failed entity and folded like a cheap suit
Now it provides even more failures from its ranks via the coach of a million excuses, incomprehensible media interviews and unfathomable decisions and game plans
Yes Illawarra the big contributor lol.

 

[muzby]

Illawarra stooges still claiming how good their involvement is
Akin to Queenslander’s lauding how good JBP was
The simple fact is regardless of what St George have / haven’t done Illawarra is a failed entity and folded like a cheap suit
Now it provides even more failures from its ranks via the coach of a million excuses, incomprehensible media interviews and unfathomable decisions and game plans
Yes Illawarra the big contributor lol.

Sorry boomer, who’s JBP?

And I do love how charitable St George were back in 1998. They didn’t need to join another club to survive, but they did it just to be nice..

Why can’t you be nice like them?

 

[Saints Forever]

You aren’t happy with today’s announcement?

Yes I am happy with the announcement but unhappy it took 4 months to make a decision.

NSW Cup.

Lol)))

And you know it..

what I know is that you carry a very large spoon and continue to stir. St George could have stood alone. The fact it didn’t is now history and as irrelevant as the WIN Corp contribution thus far.

 

[muzby]

what I know is that you carry a very large spoon and continue to stir. St George could have stood alone. The fact it didn’t is now history and as irrelevant as the WIN Corp contribution thus far.

If they could have stood alone, why did they form the JV?

That just seems odd.