@Batty the Football Club is the 1947 membership organization that we've supported on the field.
It owns our team colours, name and directs our home ground location for a minimum of 10 games per season.
The MSE Franchise is the present holder of the NRL Licence as the NRL owns all Club logos.
😕
(Since Super League was savvy enough to take out the required trademarks that the ARL incredibly failed to do for 90 years.

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MSE Franchise was formed when the Football Club sourced investors to break away from the Northern Eagles Joint Venture.
FC has not sold, rather a 3 way ownership structure was formed with the LC (main financial source of the FC till 1999) and outside owners Delmege and Penn Sports Company, resulting in the MSE Franchise.
Delmege needed monies after the 2007 GFC and sold their 2 board seats to Quantum.
LC needed monies so they sold all but 1 share and their single Franchise Board seat to Penn Sports.
Quantum needed monies for on off shore venture in 2014 and sold their 2 board seats to Penn Sports.
FC maintains its 2 board seats on the 7 seat MSE board.
This means that it has to approve budgets, CEOs and is aware of future strategies for the MSE.
It prevents a takeover/sale of the Franchise without a 75% FC Financial (3 continuous years) Member Vote
🙂
This is why Penn Sports attempted a takeover of the FC Board a few years ago.
But the FC Members saw the danger in a single shareholder structure and we voted down their ticket
This is why its important for the FC Membership to grow and maintain our heritage into the future