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MWDRLFC and the fans ?

Discussion in 'Rugby League Forum' started by WESTIE, Jul 29, 2015.

  1. WESTIE

    WESTIE Well-Known Member

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    With the leagues club virtually putting no money in like they used to. ..and the football club holding 2 seats on the board out of 7....is the footy club in any realistic position to buy back the shares, as I understand they were / are able to do ?
    If so. ..is their only source of income to buy these shares coming from football club memberships ? Does anyone know what amount of money it would take to buy it back from the penns ? Are the value of these " shares " fixed...? Is it realistic to think we ( the fans and MWDRLFC ) could ever own our club again...esp in light of what our owners are doing
     
    Last edited by a moderator: Jul 29, 2015
  2. Eagles2nv

    Eagles2nv New Team, New Beginnings 2016 Tipping Competitor

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    Did you intentionally place your post as a quote?
     
  3. Ralphie

    Ralphie Well-Known Member Premium Member 2016 Tipping Competitor

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    Sadly, no chance.
     
  4. qldeagle

    qldeagle Well-Known Member

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    Owning a RL team is like owning a race horse. It's a never ending spiral of lost money.
     
  5. WESTIE

    WESTIE Well-Known Member

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    ....was a post in another thread before I deleted it and created a seperate thread.
     
  6. WESTIE

    WESTIE Well-Known Member

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    Are there any qualified accountants amongst us ? Is the MWDRLFC a non for profit organisation and if so...if a person made a donation ...what percentage of any donation would be tax deductable ?
     
  7. pjayz

    pjayz Well-Known Member Premium Member

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    He is speaking in third person....
     
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    • Terry Zarsoff

      Terry Zarsoff Well-Known Member

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      Sadly there doesn't appear to be any way the District Club, in concert with the Leagues Club, could navigate their collective way back to controlling the footballing operation. The Leagues Club is looking at taking over premises at District Park, which has a poker machine licence, however that's only a small set-up.

      Maybe that's where Geoff will re-enter the fray in years to come.
       
    • Mark from Brisbane

      Mark from Brisbane Living the dream Premium Member

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      If the 60,000 Manly fans who attended the 2008 final joined and paid $25 a year for about 3 years , absolutely !!
       
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      • Loobs

        Loobs I am not really Scott Penn Premium Member

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        Tooves is...
         
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        • WESTIE

          WESTIE Well-Known Member

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          Is there an actual " pay out " figure , to get control back from the penns ?
           
        • HappilyManly

          HappilyManly MWTS Premium Member 2016 Tipping Competitor

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          No. Its a private Co so the valuation of the shares is subjective. The Franchise's only asset is the Preferance Share which is held by the Football Club as 12% Shareholders in the Franchise.

          The more angst they get, the more the Council charges for Brookie, the more likely that they will consider selling. To quote them 'it's a performance based business'
           
        • Shoe1

          Shoe1 Well-Known Member

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          I like it, adds gravity
           
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          • Chip and Chase

            Chip and Chase True Supporter Staff Member Administrator Premium Member 2016 Tipping Competitor

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            From the Football Clubs own website

             
          • manlyfan76

            manlyfan76 Parra Trolls are the best. Premium Member 2016 Tipping Competitor

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            Someone needs to win 50 Mil on powerball and then donate the money to the F.C.
             

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