The NRL has attempted to ease concerns over the financial plight of the Wests Tigers by saying the club’s future could be secured this month.
The Balmain Leagues Club was handed a stay of execution after a judge extended an injunction that prevents the club being placed into receivership.
Developers Rozelle Village had argued in the NSW Supreme Court that the club – which owes it millions – has committed breaches that would allow its creditors to appoint a receiver.
The leagues club, which supports the Wests Tigers NRL team financially, wants a court order barring Rozelle Village from doing so.
Justice Paul Brereton has agreed to extend the temporary injunction sought by the leagues club until Friday.
The NRL said the leagues club’s problems did not impact on the restructure package for the Wests Tigers.
“We are working on improvements to both the club’s governance and financial performance,” NRL head of club and state services Tony Crawford said.
“Our discussions are well advanced and, if they are concluded successfully, the Wests Tigers’ financial future will be secured.
“Those negotiations could be completed as early as the end of the month.”
The NRL denied there were any plans to relocate the Tigers to another base, such as Perth.
Rozelle Village bought the old Balmain Leagues Club site in the inner west Sydney suburb of Rozelle to develop it into luxury apartments and new headquarters for the club, but the development has languished at the application stage.
The company was dealt another blow on Wednesday when the NSW planning department recommended the Victoria Road proposal be blocked.
Balmain Leagues Club spokesman Danny Munk said Wednesday’s court decision gave the club breathing room.
“Our goal certainly is to get back to Rozelle and get our club moving forward on that,” he told reporters.
The matter returns to the Supreme Court on Friday.
Leichhardt Mayor Darcy Byrne said the decision bought the embattled Tigers some time.
“We’ve won the battle, but we have not yet won the war,” he told reporters outside court.
“Leichhardt Council, our local community and Tigers fans across the country will have to use every weapon in our armoury to win the fight to save the mighty Balmain Tigers – one of rugby league’s foundation clubs.”