ManlyBacker
Winging it
FED-up Manly chairman and majority stakeholder Scott Penn has bluntly told two of his club's minor shareholders to butt out of all commercial decisions at the club.
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WAMF said:Why play it out in the media? FFS, you have a board room, sort out your issues behind closed doors.
WAMF said:Why play it out in the media? FFS, you have a board room, sort out your issues behind closed doors. The fans and no doubt the sponsors are sick to death of it all.
globaleagle said:The Penn is mightier than the board.
(sorry)
Ramrod said:URM won't solve our problem. Even if URM buy out Penn, we still have 2 paupers with quite a percentage ownership, but with no money to back it up.
Then, it won't be long before URM will fight with the other 2. It'll be an ego issue all over for 2 that has no money.
They will tell the world about the historical millions they have poured into that big black hole of Manly and they should have the final coaching say at our club.
Then, they'll insist on KPIs, they'll step in to make signing decisions and they will kick up a stink when they are told to butt out of the football side of things.
If that happens, the exit gate will be trampled on again.
globaleagle said:The Penn is mightier than the board.
(sorry)
"We cannot understand how certain members of the Leagues Club board continue to take potshots at us in the media when we saved the Leagues Club at their request by buying their building when the banks called in their loan. Plus we lent the Leagues Club an additional $5.6 million at mates' rates. It is outrageous. It's been very disappointing for the (Penn) family."
Cambo said:"We cannot understand how certain members of the Leagues Club board continue to take potshots at us in the media when we saved the Leagues Club at their request by buying their building when the banks called in their loan. Plus we lent the Leagues Club an additional $5.6 million at mates' rates. It is outrageous. It's been very disappointing for the (Penn) family."
Theres one way for Scott Penn to fix this
1) Call in the leagues club Loan
2) Review the lease and see if he can either exit the lease agreement early or if there are provisions in the lease to increase the rent and up the rent to a level that the leagues club has to close its doors.
I bet if he threatened to play
that card certain people would pull their heads in quick smart
Deadset some people on those two boards are biting the hand that feeds them
Team | P | W | L | PD | Pts |
---|---|---|---|---|---|
8 | 7 | 1 | 109 | 16 | |
8 | 7 | 1 | 56 | 16 | |
8 | 6 | 2 | 66 | 14 | |
8 | 5 | 3 | 51 | 12 | |
9 | 5 | 3 | 37 | 11 | |
9 | 5 | 4 | 95 | 10 | |
9 | 5 | 4 | 42 | 10 | |
8 | 4 | 4 | 25 | 10 | |
9 | 5 | 4 | -14 | 10 | |
9 | 4 | 5 | -16 | 8 | |
9 | 4 | 5 | -19 | 8 | |
8 | 3 | 5 | -55 | 8 | |
9 | 4 | 5 | -70 | 8 | |
9 | 3 | 5 | 11 | 7 | |
8 | 2 | 6 | -63 | 6 | |
8 | 1 | 7 | -89 | 4 | |
8 | 1 | 7 | -166 | 4 |