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Blues to announce profit
http://www.talkingcarlton.com/phpBB3/viewtopic.php?f=2&t=18111		 Page 1 of 4
Author:  kennyhunter [ Wed Sep 26, 2007 6:37 pm ]
Post subject:  Blues to announce profit
About $3 million, I think.

Should be announced soon.
Author:  TruBlueBrad [ Wed Sep 26, 2007 6:39 pm ]
Post subject: 
:-D

Great News!
Author:  Donstuie [ Wed Sep 26, 2007 6:40 pm ]
Post subject: 
And yet some people think that by mentioning Judd and the captaincy that our president doesn't know what he's doing :wink:
Author:  magic [ Wed Sep 26, 2007 6:43 pm ]
Post subject: 
decent turn around in 1 yr...
Author:  Jarusa [ Wed Sep 26, 2007 6:52 pm ]
Post subject: 
$3M!!! :shock: :shock: :shock: :shock: :shock: :shock: :shock:
Author:  Kaptain Kouta [ Wed Sep 26, 2007 6:56 pm ]
Post subject: 
As Darrell would say:
Image

Ho-ho gee! That's HUUUUUGE!!!!
Author:  Drewgirl [ Wed Sep 26, 2007 7:14 pm ]
Post subject: 
Kenny,

Do you know how much our debt is now and if we paid back the AFL yet ?
Author:  Blue Vain [ Wed Sep 26, 2007 7:15 pm ]
Post subject: 
Donstuie wrote:
And yet some people think that by mentioning Judd and the captaincy that our president doesn't know what he's doing :wink:


With respect to RP, its the members, sponsors and corporate supporters that have also been the heroes on this one.
RP and the board offered hope and a vision which we desperately needed but its the supporters that should be equally proud.
Author:  bosman [ Wed Sep 26, 2007 7:21 pm ]
Post subject: 
Nice.. Wonder how much of that is from Pratt's pocket.
Author:  kennyhunter [ Wed Sep 26, 2007 7:29 pm ]
Post subject: 
Fevola wrote:
Kenny,

Do you know how much our debt is now and if we paid back the AFL yet ?


AFL's handout makes up fair bit of the profit.

We've paid about $1.5m off the debt, which is now between $6m-$7m.

Raheen gig raised about $2m and membership, sponsorship, match attendances and merchandise were all up significantly.

It's a staggering result, given we posted a loss of a similar amount last year.
Author:  steve [ Wed Sep 26, 2007 7:29 pm ]
Post subject: 
Geez, a $5 million turnaround from last year and wiping off almost half our debt in one swoop, not too swabby at all....:)
Author:  Jez1966 [ Wed Sep 26, 2007 7:30 pm ]
Post subject: 
Bosman I would nil because if it is profit then it would be income (memberships, gate takings, merchandise and sponsors) less expenditure.

And with carried forward losses from previous year, hopefully the treasurer wont get a cent in tax :wink: :wink:

Great result :-D
Author:  Drewgirl [ Wed Sep 26, 2007 7:31 pm ]
Post subject: 
How do you figure the debt has been half wiped ? I thought it was about $8 mill last year so they paid about $1 - $2 mill.

I wish the debt was reduced by more but this is fantastic though, dont get me wrong.
Author:  steve [ Wed Sep 26, 2007 7:34 pm ]
Post subject: 
Fevola wrote:
How do you figure the debt has been half wiped ? I thought it was about $8 mill last year so they paid about $1 - $2 mill.

I wish the debt was reduced by more but this is fantastic though, dont get me wrong.


If we made a $3million profit and owed 8 last year then it's down to 5 million now. A 37.5% reduction, which I lazily referred to as almost half.
Author:  kennyhunter [ Wed Sep 26, 2007 7:34 pm ]
Post subject: 
The debt's not an immediate concern.

Quite rightly, the club's priority has been to pump more money into our under-resourced footy dept.

And more will be poured in for next season.
Author:  Headplant [ Wed Sep 26, 2007 7:34 pm ]
Post subject: 
Most sporting Clubs are constituted as non profit and generally are not required to pay tax. However there have been some issues relating to taxation for various clubs, including CFC, as a result of some of their financial structures.
Author:  Drewgirl [ Wed Sep 26, 2007 7:39 pm ]
Post subject: 
I just would feel better to have the debt paid now while we have Richard Pratt before he goes. I am worried about when he goes we wont have this money pulling power anymore.

Of course I am naive here, I am sure he is planning for the future. ie hotels, sponsorships etc
Author:  TruBlueBrad [ Wed Sep 26, 2007 7:49 pm ]
Post subject: 
Pratts plan is to ensure we're self sufficient and able to stand on our own before he leaves.
Author:  JK [ Wed Sep 26, 2007 8:10 pm ]
Post subject: 
Im not a financial advisor, but eradicating debt shouldnt be our priority- generating capital had to be, and Pratt and the baord (led superbly by Harrison, Fried, Moulton, Littman in particular) have done this fantastically.

The debt will only be eradicated when we are a money making machine-- good times ahead
Author:  mjonc [ Wed Sep 26, 2007 10:03 pm ]
Post subject: 
The Raheen dinner funds were put in the bank for allocation to the footy department. RP said this publically during the year.
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