link to the full article for those interestedSMH
Wests Tigers majority owners Holman Barnes Group has agreed to an NRL demand that the independent directors – led by deposed chairman Barry O’Farrell – be returned to the club board just 10 days after they were sacked.
O’Farrell, Annabelle Williams and Michelle McDowell are set to be returned to the club’s board as independent directors. However, sources speaking on the condition of anonymity to maintain confidentiality have indicated the fourth board member sacked, Charlie Viola, is unlikely to take up his seat again.
What is this really going to achieve if HBG restructure the WT board and have the numbers to out vote anything they don't agree with.
Proposed I read was 3x independent (Barry O'Farrell as chairman) + 1x Balmain + 5x HBG.
We will still never get anything done unless HBG want it.
https://www.smh.com.au/sport/nrl/wests-tigers-to-extend-benji-marshall-s-contract-until-2029-20251210-p5nmmu.html
This explanation of the new board makeup should be taken with a grain of salt. Chammas sources are generally always HBG board members. Read through his articles for the past two weeks and it becomes clear.
Until PVL says otherwise I'd say O'Farrell and the others wont accept the invite to sit back on the board again if they are not going to have the majority of the votes.
link to the full article for those interestedSMH
Wests Tigers majority owners Holman Barnes Group has agreed to an NRL demand that the independent directors – led by deposed chairman Barry O’Farrell – be returned to the club board just 10 days after they were sacked.
O’Farrell, Annabelle Williams and Michelle McDowell are set to be returned to the club’s board as independent directors. However, sources speaking on the condition of anonymity to maintain confidentiality have indicated the fourth board member sacked, Charlie Viola, is unlikely to take up his seat again.
What is this really going to achieve if HBG restructure the WT board and have the numbers to out vote anything they don't agree with.
Proposed I read was 3x independent (Barry O'Farrell as chairman) + 1x Balmain + 5x HBG.
We will still never get anything done unless HBG want it.
https://www.smh.com.au/sport/nrl/wests-tigers-to-extend-benji-marshall-s-contract-until-2029-20251210-p5nmmu.htmlThis explanation of the new board makeup should be taken with a grain of salt. Chammas sources are generally always HBG board members. Read through his articles for the past two weeks and it becomes clear.
Until PVL says otherwise I'd say O'Farrell and the others wont accept the invite to sit back on the board again if they are not going to have the majority of the votes.
Based on the quotes from PVL in that article, he has said otherwise and it seems a done deal.
Seemingly, according to that article, Vlandys insisted on the offer of reinstatement be made by HBG to O'Farrell and other independent board members but not Richardson. No surprise there. I see that as a big tick of no-confidence by those independent board members in the conduct and approach of Richardson. I wonder what they told Vlandys in their debrief session? Good riddance IMO.
Now, let's see HBG act on the truly awful Dennis Burgess and remove him from his position of influence.
Burgess cannot be on the new WT board (and should be removed from HBG chair). In addition there should be a majority of independents on the WT board. The trade off if HBG remain owners is that some items will have to still have a HBg veto (unfortunately) but things like contracts should’ve devolved to the WT board from HBG
@tiger5150 but none of the quotes from PVL say that there will be 5 HBG board members. He only talks about reinstatement?
Surely Barry would not accept reinstatement to be a puppet for HBG. Surely not? He'd have to be an idiot to do that.
@tiger5150 but none of the quotes from PVL say that there will be 5 HBG board members. He only talks about reinstatement?
Surely Barry would not accept reinstatement to be a puppet for HBG. Surely not? He'd have to be an idiot to do that.
“In this case, we didn’t have to because they were professional enough to reach an amicable solution. We appreciate their professionalism in that regard"
PVL knows the solution and has signed off on it based on this. Bear in mind that PVL & NRL are hamstrung by the conditions of the license agreements. HBG are solvent and havent broken any laws/regulations (that has been shown) and PVL/NRL cant be seen by other licensees to just wade in and force owners out because of "feelings".
Im not happy about it, but I think its done and PVL has signed off.
