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Discussion in 'Warriors Discussion' started by Canadian_WarriorFan, Aug 13, 2017.
The courts won't be freezing any assets for a civil case.
I guess when you're business partner screws you for a couple hundred million you get a bit agitated. The court seems to have vindicated Glenn.
The judgement will provided confirmation of what we already know, that Watson will get left with a hefty bill and settlement.
A hefty legal bill as well, the judge has stretched out his summing up for a good 9 months already.
They wouldn’t “freeze” the assets but they could force sell the Warriors to the highest bidder to collect payment for the creditors. Just like a real estate mortgage sale I’m guessing?
If deolittes independently valued the club at 15m I’m guessing that’s the starting point with only two bidders - Fale & the ARL?
The club itself doesn't have any financial issues (that we know of), it's just the owner (potentially).
The NRL have also said they won't bail any more clubs out (will be interesting to see what happens when push comes to shove though).
By the sound of that article, Watson can't keep the Warriors even if he wanted to.
Nice to see everything laid out in one article as the information we have had has been drip fed and a bit random up to this point.
Either way the club could be sold.
And it should.
Watson is practically a silent owner with no vested interest in putting anymore money in or investing in the future...
At least the Fale consortium has a game plan and goals...
Honest question. How much of the terrific Warriors play for the first 5 rounds, followed by the loss in front of Watson as his interest revives, indicate a general excitement by the players that a Polynesian group is seeking to become the owners of the club? Tonga and Samoa are very small islands. And if the Fale group is spurned - and apparently standard communications for a sale are being withhold by Watson - will the prospects of another year with Watson sink morale and play return permanently to what we saw Round 6? So is Watson eating his own seed corn if he doesnt sell the Warriors to the Fale group?
IMO very little. it may be in the back of some players minds but I would suspect that the looming figures of Corvo and Kearney has more impact on the playing group than the sale.
Also, round 6 wasnt the only game that was poor. The Raiders game was too. Just saying like.
Of course Kearney and Corvo dominate. But I wonder if Auckland understands how patriotic - for lack of a better word - how proud the Polynesian player is of home. Even if born in NZ or even 2nd generation. I think the identity of the Fale group, how it is a "first", means alot in a positive groundbreaking way.
Fale has absolutely nothing to do with how well they've played in the first rounds, word is in fact most of the team aren't impressed with his big hotshot carry-ons (especially on social media) and have been trying not to be distracted by it.
This is one of the key reasons I don't rate the guy and hope the f-grade businessman, c-grade politician & a-grade narcissist stays the hell away. Shows how little the team and its performance means to him...who else plays all this out so publicly when the team is preparing for & starting the season?
I'd be more inclined to think rumours that he could be in with a chance might explain the flat performance on Saturday LOL. Nah, team needs a lot of work and hopefully gets to do it without an anchor round their collective necks
If anything the players would be putting the extra effort in the hope Watson starves off the latest buyer. I don't support the 'patriotism' of Polynesian players to NZ either. Look at the defections last year especially to Tonga.
Nope, but based on a few factors likely affiliated with the "group".
Edit - the groups merger and acquisition specialist...
The "defections" is exactly what I have in mind. Fale did his high school in Tonga. HIs entire family is Tongan. The NFL backers of his group, many cousins and a few already meeting the players, are Tongan. Anyway, will leave it here. "If" Fale acquires the Warriors it will be the first Polynesian centric ownership group of any rugby code club union or league or NFL, even though the Polynesian player has been the driver of success for all clubs and even international unions like the All Blacks and even the recent Super Bowl win by the Eagles, for the last 2 decades now where the winning margin has been provided by the Polynesian athlete. Maybe times are changing with the Fale bid.. Methinks it has been noted by the Warriors players. I mean - look at their name; "Warriors".
Tin foil hat stuff.
You are drawing a very long bow there
It doesn't stack up if you look at the ethnic make up of the people who played well against the Broncos versus those who did not.
Lastly if this is true, then the Warriors are in deep deep trouble, who would want to own a group that fickle and under handed ?
GeoMam makes a valid point. Pulu and Kata are both refusing to play for at least a month. Paints a pretty clear picture really.
Seriously, are you really trying to culturally appropriate the term "Warriors" on behalf of Polynesians ???
I'm part Maori & part Polynesian & even have direct lineage to some of the most genuinely feared Warriors ever known to Maoridom
But even then I'd never be so ignorant & arrogant as to try & appropriate the term "Warriors" exclusively to Maori
Every ethnicity has had their own brand of Warriors throughout the ages & to try & claim other wise is utter nonsense
If this is the level of naivety & borderline delusion involved behind the scene of this bid, we should all be very very worried for the future of the club.
Any Maori, Polynesian, and whoever else you want to throw in there, enterprises based on this type of attitude, don't work and tend to fail.