MWRLFC - Maroon and White News

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vidmar

Bencher
Please see here a copy of the latest Football Club newsletter "Maroon and White news" :-


Happy New Year and welcome to the first edition of Maroon & White News for 2015.

We’re looking forward to another great year for the Manly-Warringah Sea Eagles, both on and off the field.

Now that the power struggle between the two owners has been resolved with the Penn family buying out the Quantum Group hopefully we can look forward to a united Club.
As we said from the time the buyout was announced, the Manly-Warringah Rugby League Football Club Board will work harmoniously and cooperatively with the Penn family and the new management under CEO Joe Kelly.
The Football Club’s role in the Sea Eagles is unchanged as a result of the new ownership structure.
We continue to hold the Preference Share and have two representatives on the Sea Eagles Board.
The re-signing of our two young halves Kieran Foran and Daly-Cherry Evans is one of the many significant challenges now facing the owners and management. The Football Club understands this won’t be easy but, as Joe Kelly outlined to members at our Annual General Meeting in December, all possible effort is being directed to that task.
The Football Club representatives have no direct role in player negotiations and, like our members, are hoping for the best possible outcome.
The season kick off is fast approaching with our first game against our old foe the Parramatta Eels at Pirtek Stadium on Friday 6 March, followed by our first Brookvale Oval home game against our other fierce rivals, the Melbourne Storm on Saturday 14 March.
Tickets are on sale now for that game as well as the Round Three home game against Des Hasler’s Bulldogs on Friday 20 March.
As part of our first home game, the Football Club would like to see as many members as possible meet at the Manly Leagues Club before the game in the Lyons Den bar. It would be a great way to catch up before the game and get the season started.

Membership

Membership renewals have been very strong this year. Maintaining and increasing the strength of our Football Club is extremely important in terms of keeping our traditional place within the broader Sea Eagles family.
Your continued membership of the Football Club is the only way you as a passionate Sea Eagles supporter can have a real say in the Club.
Our history as an organisation, dating back to 1947 is not something that should be ignored or discarded. As a member you hold a share in this heritage and have the right to determine where we play, our colours and our name, as well as have two representatives on the Sea Eagles Board.
Among our 2015 membership we have at least five members whose names appear in the very first Annual Report of the Manly-Warringah District Rugby League Football Club that was presented on Thursday 19 February, 1948.
One of those members, Keith Barsi, was in attendance at our most recent Annual General Meeting. Another is of course our Co-Patron, Ken Arthurson AM, along with Life Members Rupert Hudson OAM and Graham (Sandy) Houston as well as Richard Burke.
We have 23 current members who have been members for 50 years or more, 56 members for 40 years or more and over 100 members who have been members for 20 years or more.
Our membership also spans generations within families. Some of our current members are the sons and daughters of original, foundation members.
So if you haven’t yet renewed for 2015, there’s still time. And if you haven’t yet renewed and wish to continue to qualify for, or maintain, your voting rights you have until 30 April to do so.
To renew online click HERE, or you can post this FORM with your cheque or money order made out to the Manly-Warringah Rugby League Football Club to PO Box 239, Dee Why 2099.
If you wish to renew by credit card over the phone, call and leave a message on1300 1972 73 and we will return your call and process the details.

Donations

The Football Club always welcomes donations from our members.
Donations assist us with the costs associated with the production of the Annual Report and, more importantly, to help us fulfil our mandate which is to purchase shares in the Sea Eagles.
The Board is also considering other ways we can assist the Club and the game financially.

Last year we were extremely grateful to receive two extremely generous donations, one of which was from Paul Dracakis OAM.
Paul is a long time loyal sponsor and member of the Football Club. He is the founder of the popular jewellery business Dracakis Jewellers at Warringah Mall and Mosman, which he now runs with his three sons, including Nic and Peter who are also members.
We thank Paul and his family for their continuing generosity.

We also welcome donations of heritage related items. We recently received a box of memorabilia from one of our 50-year plus members, Rex Weekes. Included in the items he donated are Football Club Annual Reports stretching back over several decades. We also thank Rex.

If you would like to make a donation online, click HERE

Brookvale Oval

“There is no doubt that Brookvale Oval is still a long way from what a first class ground should be – the toilet facilities are insufficient and primitive, the stand and spectator accommodation is entirely inadequate…

The Club has been negotiating with Warringah Shire Council for a long term lease for the purpose of erecting a top class sporting stadium…


You would think this was a quote from the 2014 Annual Report, but actually it’s from the 1967 Report (48 years ago) titled “The Brookvale Oval of the Future”. That’s how long the Sea Eagles have been pretty much continuously trying to upgrade Brookvale Oval.

It’s been a long and incremental process to even get where we are today, and the efforts of all those involved over many years should not be forgotten.
Most recently, since 1998, co-Patron and Life Member Kerry Sibraa AO has been tireless in his efforts to raise funds from governments for the ground.
To date he has been involved in raising $24 million from Federal, State and local governments.

In spite of its many deficiencies and shortcomings, Fortress Brookvale has been home to one of Rugby League’s most consistently successful Clubs for nearly 70 years.

We have recently seen media reports that the new owners and management of the Sea Eagles have exciting new plans to transform Brookvale Oval into a world class stadium, as well as plans to make our training ground at Narrabeen a "Centre of Excellence". We look forward to seeing these big plans come to fruition.

Season Launch

The 2015 Sea Eagles Season Launch is on Thursday 26 February between 5.30 and 8.30pm and is open to all members who wish to purchase tickets.

It’s a great opportunity to be part of the Club’s first major event for 2015 and meet our complete squad for the season. The tickets cost $150 per person and include cocktail food and drinks.

If you wish to purchase tickets click HERE.

Membership Cards and 2014 Annual Report

2015 Football Club Membership cards are currently being printed.
In order to save on costs we have them printed in large batches. You can expect to receive yours in the post very soon and we appreciate your patience.

The 2014 Annual Report presented to members at the 2014 Annual General Meeting is available to read online. Click HERE to access.

Final Word

“There’s always been an aura around this Club. The aura that surrounds the Manly-Warringah Sea Eagles was built well before my time. People like Ken Arthurson, Bob Fulton, Terry Randall, Geoff Toovey and Steve Menzies come to mind. I hope in any small way over the past 14 seasons I have contributed to keeping this aura alive”.

Life Member Jason King announcing his retirement last year. Best wishes and GO MANLY! Your Board Bob Stevenson, Bob Reilly, Cliff Lyons, Darrell Williams, Chris Jones, Mal Cochrane & Julie Sibraa
 
@vidmar I have a couple of questions for you...

How do donations to the MWRLFC work when the desire for this money is to go towards purchasing more shares in the Manly Sea Eagles? Can shares in Manly Sea Eagles be compulsorily acquired by MWRLFC or does this have to be approved by the owners/board vote?

Cheers
Mals
 
@vidmar I have a couple of questions for you...

How do donations to the MWRLFC work when the desire for this money is to go towards purchasing more shares in the Manly Sea Eagles? Can shares in Manly Sea Eagles be compulsorily acquired by MWRLFC or does this have to be approved by the owners/board vote?

Cheers
Mals
Our shareholding is only a token one to justify our place on the board, buying more shares will accomplish nothing as we need to buy a shareholding that will deliver us another two seats on the board, and that won't happen as the MWDRLFC will be liable for losses incurred by the MSE, and it's money that the club does not have.
 
Peter C.....so its a double edged sword ? The more shares the MWDRLFC acquire in the " entity " , the more they have to tip in as far as the operating costs ( ie - losses ) are concerned ? Maybe the fans' only hope is somehow the football club can bring someone on board to acquire the 2 seats required to shift the balance of power ? Quantum IIRC wasnt able to continue, so is there any hope anyone else might get on board ? In hindsight id prefer the board being split and fueding compared to power being concentrated in a couple of individuals....
 
Peter C.....so its a double edged sword ? The more shares the MWDRLFC acquire in the " entity " , the more they have to tip in as far as the operating costs ( ie - losses ) are concerned ? Maybe the fans' only hope is somehow the football club can bring someone on board to acquire the 2 seats required to shift the balance of power ? Quantum IIRC wasnt able to continue, so is there any hope anyone else might get on board ? In hindsight id prefer the board being split and fueding compared to power being concentrated in a couple of individuals....
No - the District Football Club is a shareholder - NOT an Owner. They have no financial obligations to the MSE Franchise whatsoever.

The constitution of the Franchise was set up to ensure that the Manly District FC is represented at Board level by a minimum of 2 seats and is the holder of the Preference Share that stipulates the Manly colours, emblem and home ground of Brookvale Oval being used 10 times a year for regular first grade games.

Just like the millions of people who own Telstra Shares. They do not tip in money when Telstra makes a loss in a financial year. They merely benefit from dividend payouts (should Telstra chose to distribute their profits) or the onsale of their shares to other parties.

The FC has the right to continue to buy shares at 23 cents in the Franchise.

By becoming a member of the FC, you help by safeguarding of the Preference Share, as it can only be relinquished by a 75% voting majority of the FC Members.

The FC was approached this year to get their Members to vote to hand over the Preference Share to Penn Sports. In return, they would be given $1 million to put into the Junior League.
Naturally this was refused, as without an NRL Franchise on the Peninsula, there would be no migration path for the District Juniors anyway.
Also, $1 million is a drastic under valuation of the Preference Share value - it is the only asset of the whole Franchise.

Kudos to the people who drew up the Franchise Constitution :clap:
 
No - the District Football Club is a shareholder - NOT an Owner. They have no financial obligations to the MSE Franchise whatsoever.

The constitution of the Franchise was set up to ensure that the Manly District FC is represented at Board level by a minimum of 2 seats and is the holder of the Preference Share that stipulates the Manly colours, emblem and home ground of Brookvale Oval being used 10 times a year for regular first grade games.

Just like the millions of people who own Telstra Shares. They do not tip in money when Telstra makes a loss in a financial year. They merely benefit from dividend payouts (should Telstra chose to distribute their profits) or the onsale of their shares to other parties.

The FC has the right to continue to buy shares at 23 cents in the Franchise.

By becoming a member of the FC, you help by safeguarding of the Preference Share, as it can only be relinquished by a 75% voting majority of the FC Members.

The FC was approached this year to get their Members to vote to hand over the Preference Share to Penn Sports. In return, they would be given $1 million to put into the Junior League.
Naturally this was refused, as without an NRL Franchise on the Peninsula, there would be no migration path for the District Juniors anyway.
Also, $1 million is a drastic under valuation of the Preference Share value - it is the only asset of the whole Franchise.

Kudos to the people who drew up the Franchise Constitution :clap:
Kudos to you HM for explaining the process. I've heard it before, but I think the penny finally dropped!....you could only imagine what the Penns would do if they had that asset!:eek:
 
No - the District Football Club is a shareholder - NOT an Owner. They have no financial obligations to the MSE Franchise whatsoever.

The constitution of the Franchise was set up to ensure that the Manly District FC is represented at Board level by a minimum of 2 seats and is the holder of the Preference Share that stipulates the Manly colours, emblem and home ground of Brookvale Oval being used 10 times a year for regular first grade games.

Just like the millions of people who own Telstra Shares. They do not tip in money when Telstra makes a loss in a financial year. They merely benefit from dividend payouts (should Telstra chose to distribute their profits) or the onsale of their shares to other parties.

The FC has the right to continue to buy shares at 23 cents in the Franchise.

By becoming a member of the FC, you help by safeguarding of the Preference Share, as it can only be relinquished by a 75% voting majority of the FC Members.

The FC was approached this year to get their Members to vote to hand over the Preference Share to Penn Sports. In return, they would be given $1 million to put into the Junior League.
Naturally this was refused, as without an NRL Franchise on the Peninsula, there would be no migration path for the District Juniors anyway.
Also, $1 million is a drastic under valuation of the Preference Share value - it is the only asset of the whole Franchise.

Kudos to the people who drew up the Franchise Constitution :clap:

Here here . People should join this part of the club (mwrlfc). It is all we have left that has any manly fabric left and dignity in this PENNEAGLE club that stands before us today.
 

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