Under-siege Holman Barnes Group reaches settlement with dumped director Rick Wayde
The under-siege Holman Barnes Group have one less headache to worry about after reaching a settlement with one of their dumped directors who was set to challenge his eight-year ban in court.
The under-siege Holman Barnes Group have one less headache to worry about after reaching an out-of-court settlement with one their dumped directors.
It is understood that long-term board member Rick Wayde has settled for an undisclosed amount before the case hit the courtroom this month.
Wayde was one of three directors – Tony Andreacchio and David Gilbert- who were sensationally banned on New Year’s Eve. Wayde took legal action to challenge his eight year ban with the case in court in December.
Andreacchio was banned for six years and Gilbert’s six month ban has lapsed but he has indicated that he has no plans to re-apply for membership.
Months later former Holman Barnes chair Julie Romero was suspended for eight years. Holman Barnes have again been in the news this week after they ousted four independent Wests Tigers board members, including chair Barry O’Farrell, to regain control of the football club.
The shock move has also cast a cloud over the future of chief executive Shane Richardson as he mulls over his future at the club. Richardson was closely aligned with O’Farrell and only took the job after the Holman Barnes Group agreed to release control of the club to a board dominated by independent directors.
That went by the wayside this week as HBG wrestled back control of the club, claiming a lack of transparency and communication even though they had to representatives on the board.
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