The reason is that the AFL underwrites our debt to the bank so they have to agree to any change.

He'll be playing Centre Half Bank.

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NOW YOU'RE JUST SOME CLUB THAT I USED TO KNOW.

I got the impression llast night that the AFL helped by underwriting the loan or something similar. Now that doesnt make sense. I would be surprised if the AF banked with Westpac given that NAB is a majr corportate partner. Guess we'll have to wait and see what the details are. Surprised none of the dailies have ran with it.

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T E A M

Demetriou buttering up Dick?

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Love Cricket? Love me

no interest = exchange for advertising = save a moolyon

just a guess.

I wouldn't.

MLC investments, which is owned by the NAB has all its banking done by Westpac... thats staff salaries, payments to advisors etc.

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The measure of a life is a measure of love and respect
So hard to earn, so easily burned
In the fullness of time
A garden to nurture and protect

#DopeThenStash

That's Gold!



Nic

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Cuck Follingwood

It's well known that Demetriou has liked dick for ages.

if you had of said licked

that would have been hilarous

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Got to love the stare Down by Setanta on Llyod

I just lost my appetite!

One other thing that was mentioned was the AFL weren't prepared to do their part under the old administration due to a lack of faith. That indicates they probably did write off part of their interest free loan.

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"The ability to speak doesn't make you intelligent." Qui-Gon Jinn 15-05-2005

"there’s more chance of me becoming the full forward for the [Western Bulldogs] than there is of any change in the Labor Party." Julia Gillard 18-05-2010

My goodness.............!


kindest regards tommi

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that'siti'mnotchangingthistagain......!

Not sure how this will work. To save $1 million on an $8 million debt we'd have to be just about getting the money interest free.

Either Dick has used his influence, or Westpac must be coming on board as a sponsor. Either way, great work!

Look............

i'm not big on the saying......"all good"............neither
am i 100% sure when to use it.............!

but i've got a feeling.................now's not a bad time.............!











ALLLLLLLL good..............!


kindest regards tommi

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that'siti'mnotchangingthistagain......!

*shrugs*


I bet if we lose tommorrow, someone can find something bad about this..





where has that grahams poster gone?, he would do it.....

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Oompa loompa doompety dee
If you are wise you'll listen to me

This article seems to contradict this post? Are they not transferring to Westpac?

http://www.heraldsun.news.com.au/footy/ ... 42,00.html

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Wisdom tells me I am nothing
Love tells me I am everything
Between the two my life flows

I wouldn't say it contradicts it at all. The million dollars I am sure was not in 1 year but over the life of the loan, so it could well be $250,000 this year. Pratt doesn't say this loan will remain with NAB, just states they "will continue to provide banking services for Carlton". Perhaps they will still provide a savings account we can use to stash some of our weekly allowance away so we can buy Judd. In fact, Pratt's statement sounds like one made when business is taken elsewhere but everyone remains friends.

At about $8m debt, a $250,000 reduction equates to about a 3% reduction per annum. From memory our $8m includes the AFL's $1m, so adjusting for that its about a 3.5% reduction.

This looks like a massive reduction, but often in banking facilities there is a default rate charged or a 'failure to achieve minimum hurdles' rate increase which its likely to have incurred. perhaps the restructure removes this default rate and the Bank, whichever it is, has approved a term-out or extension of the loan.

I still think there's something else to this announcement to come.

But it's all good. The previous admin's stated break-even will be achieved for members, but on top of that we have an interest cost reduction, greater donations and the NAB prize money. Of course they're going to spend a lot of that but the numbers look better already. A nice win over St Kilda may spur a few more members....*

* .... Trademark of Elwood Blues

take a $1m off us in one year and give it back a quarter at a time over four years .... sounds like a great deal Andy ! thanks

please Fitzy .... make Andy go away !

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NG
S M C , S F L

Great avatar mr blue!