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PostPosted: Thu Feb 23, 2017 11:32 am 
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John Nicholls
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Mosquito Fleet wrote:
robertbb wrote:
Said this when MlG first took the reigns - my family has had non-footy related business dealings with the LoGiudice's for the last two generations. They know how to get shit done, they rarely lose, and you'd far prefer them on your side than your competition's.

He's done well and long may it continue.


yep 3 statutory financial losses in his first 3 years of his Presidency - done well


Please name the last year we had a statutory financial gain, prior to MlG taking over?

(I don't know the answer to this question, but I'd guess it's been some time). My point is, he didn't exactly inherit a Hawthorn.

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PostPosted: Thu Feb 23, 2017 11:43 am 
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Rod Ashman

Joined: Mon Sep 28, 2009 2:56 pm
Posts: 2477
robertbb wrote:
Mosquito Fleet wrote:
robertbb wrote:
Said this when MlG first took the reigns - my family has had non-footy related business dealings with the LoGiudice's for the last two generations. They know how to get shit done, they rarely lose, and you'd far prefer them on your side than your competition's.

He's done well and long may it continue.


yep 3 statutory financial losses in his first 3 years of his Presidency - done well


Please name the last year we had a statutory financial gain, prior to MlG taking over?

(I don't know the answer to this question, but I'd guess it's been some time). My point is, he didn't exactly inherit a Hawthorn.


you find out and get back to me

no he didnt inherit hawthorn but hes been on the board for 6 years 6 months


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PostPosted: Thu Feb 23, 2017 11:53 am 
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Harry Vallence
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Mosquito Fleet wrote:
robertbb wrote:
Mosquito Fleet wrote:
robertbb wrote:
Said this when MlG first took the reigns - my family has had non-footy related business dealings with the LoGiudice's for the last two generations. They know how to get shit done, they rarely lose, and you'd far prefer them on your side than your competition's.

He's done well and long may it continue.


yep 3 statutory financial losses in his first 3 years of his Presidency - done well


Please name the last year we had a statutory financial gain, prior to MlG taking over?

(I don't know the answer to this question, but I'd guess it's been some time). My point is, he didn't exactly inherit a Hawthorn.


you find out and get back to me

no he didnt inherit hawthorn but hes been on the board for 6 years 6 months


If you can't see the positive changes that have taken place since he's been in charge you've got your head in the sand.


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PostPosted: Thu Feb 23, 2017 12:03 pm 
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John Nicholls
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Posts: 9296
Mosquito Fleet wrote:
robertbb wrote:
Mosquito Fleet wrote:
robertbb wrote:
Said this when MlG first took the reigns - my family has had non-footy related business dealings with the LoGiudice's for the last two generations. They know how to get shit done, they rarely lose, and you'd far prefer them on your side than your competition's.

He's done well and long may it continue.


yep 3 statutory financial losses in his first 3 years of his Presidency - done well


Please name the last year we had a statutory financial gain, prior to MlG taking over?

(I don't know the answer to this question, but I'd guess it's been some time). My point is, he didn't exactly inherit a Hawthorn.


you find out and get back to me

no he didnt inherit hawthorn but hes been on the board for 6 years 6 months


I suspect if the answer was in your favour, you'd have proclaimed it proudly here. As has already been said, if you can't see the many positive changes since he's taken the reigns, you're deliberately looking elsewhere. It was always going to be a big ship to steer, and turning big ships around takes time. Seeing real financial impact of that turnaround takes even longer.

_________________
Orandum est ut sit mens sana in corpore sano. Fortem posce animum mortis terrore carentem, qui spatium vitae extremum inter munera ponat naturae, qui ferre queat quoscumque labores.


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PostPosted: Thu Feb 23, 2017 12:12 pm 
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Rod Ashman

Joined: Mon Sep 28, 2009 2:56 pm
Posts: 2477
robertbb wrote:
Mosquito Fleet wrote:
robertbb wrote:
Mosquito Fleet wrote:
robertbb wrote:
Said this when MlG first took the reigns - my family has had non-footy related business dealings with the LoGiudice's for the last two generations. They know how to get shit done, they rarely lose, and you'd far prefer them on your side than your competition's.

He's done well and long may it continue.


yep 3 statutory financial losses in his first 3 years of his Presidency - done well


Please name the last year we had a statutory financial gain, prior to MlG taking over?

(I don't know the answer to this question, but I'd guess it's been some time). My point is, he didn't exactly inherit a Hawthorn.


you find out and get back to me

no he didnt inherit hawthorn but hes been on the board for 6 years 6 months


I suspect if the answer was in your favour, you'd have proclaimed it proudly here. As has already been said, if you can't see the many positive changes since he's taken the reigns, you're deliberately looking elsewhere. It was always going to be a big ship to steer, and turning big ships around takes time. Seeing real financial impact of that turnaround takes even longer.


there is no assurance that the ship will turn around based on the past performance of the current board that got us here in the first place

im not shutting up until a full board election is held and members decide on a new board

as i said - if the current board get re-elected - i will be the first to congratulate them


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PostPosted: Thu Feb 23, 2017 12:13 pm 
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Harry Vallence
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Whilst Carlton didn't record a statutory financial gain last year, we had an improvement in our net deficit from $2.7 million in 2015 to $765,000 in 2016. That's a $2 mill improvement in its financial position. Just saying.


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PostPosted: Thu Feb 23, 2017 12:15 pm 
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Rod Ashman

Joined: Mon Sep 28, 2009 2:56 pm
Posts: 2477
Blue Boys wrote:
Whilst Carlton didn't record a statutory financial gain last year, we had an improvement in our net deficit from $2.7 million in 2015 to $765,000 in 2016. That's a $2 mill improvement in its financial position. Just saying.


carlton borrowed 5 mill from westpac guaranteed by the afl - we are using borrowed money to run the day to day operations of the club

we are potentially insolvent

page 30 annual report 2016


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PostPosted: Thu Feb 23, 2017 1:10 pm 
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John Nicholls
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Look, MF, I'm not saying MlG is a white night, saviour, Jesus H Christ or the Easter Bunny. I'm just saying that maybe he's going OK, given the sweeping change and improvement we've seen in our football department. Has it occurred to you that the "Independent Nominations Committee", though not exactly "independent", was set up to *prevent* factions on the board, rather than enable them? Do you think Chris Judd would have joined the board if he thought it was a token position, and that change wasn't coming/inevitable?

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Orandum est ut sit mens sana in corpore sano. Fortem posce animum mortis terrore carentem, qui spatium vitae extremum inter munera ponat naturae, qui ferre queat quoscumque labores.


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PostPosted: Thu Feb 23, 2017 2:49 pm 
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formerly King Kenny
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Mosquito Fleet wrote:
Blue Boys wrote:
Whilst Carlton didn't record a statutory financial gain last year, we had an improvement in our net deficit from $2.7 million in 2015 to $765,000 in 2016. That's a $2 mill improvement in its financial position. Just saying.


carlton borrowed 5 mill from westpac guaranteed by the afl - we are using borrowed money to run the day to day operations of the club

we are potentially insolvent

page 30 annual report 2016


Wasn't that last decade?


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PostPosted: Thu Feb 23, 2017 6:27 pm 
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Stephen Silvagni
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Posts: 28477
Location: Free Beer!!
Mosquito Fleet wrote:
Blue Boys wrote:
Whilst Carlton didn't record a statutory financial gain last year, we had an improvement in our net deficit from $2.7 million in 2015 to $765,000 in 2016. That's a $2 mill improvement in its financial position. Just saying.


carlton borrowed 5 mill from westpac guaranteed by the afl - we are using borrowed money to run the day to day operations of the club

we are potentially insolvent

page 30 annual report 2016


:lol: :lol: :lol:

Before depreciation on our worthless stands, we made a $1m profit. A $2m turnaround on the previous year. Not bad for our on field result.

Jury is still out on our board, but your claim that we're trading on borrowed money is laughable.

_________________
"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


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PostPosted: Thu Feb 23, 2017 9:28 pm 
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Rod Ashman

Joined: Mon Sep 28, 2009 2:56 pm
Posts: 2477
TruBlueBrad wrote:
Mosquito Fleet wrote:
Blue Boys wrote:
Whilst Carlton didn't record a statutory financial gain last year, we had an improvement in our net deficit from $2.7 million in 2015 to $765,000 in 2016. That's a $2 mill improvement in its financial position. Just saying.


carlton borrowed 5 mill from westpac guaranteed by the afl - we are using borrowed money to run the day to day operations of the club

we are potentially insolvent

page 30 annual report 2016


:lol: :lol: :lol:

Before depreciation on our worthless stands, we made a $1m profit. A $2m turnaround on the previous year. Not bad for our on field result.

Jury is still out on our board, but your claim that we're trading on borrowed money is laughable.


There was a statutory loss in 2016
The 2 million turnaround was substantially contributed by retirement of 2 highly paid players
The 5 million loan fully utilized takes our debt position to 6.5 million created by this board

Yes its laugable...


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PostPosted: Fri Feb 24, 2017 12:28 am 
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Rod Ashman
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Lies, damned lies and statistics...

I haven't seen the club's financial reports, but if it has a five million dollar loan or facility it doesn't mean anything with regards to solvency. If the assets are $20 million, then that's miles from insolvency. As for trading on borrowed money, if that wasn't possible, then you'd have to wind up virtually every commercial entity in the country.

The financial state of any organisation has to be seen as a whole, not just from selective figures to suit an argument, and if there was any concern about our club's commercial viability I think we would've heard a whisper or two by now.

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PostPosted: Fri Feb 24, 2017 5:06 am 
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Craig Bradley
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murraycray wrote:
Mosquito Fleet wrote:
robertbb wrote:
Said this when MlG first took the reigns - my family has had non-footy related business dealings with the LoGiudice's for the last two generations. They know how to get shit done, they rarely lose, and you'd far prefer them on your side than your competition's.

He's done well and long may it continue.


yep 3 statutory financial losses in his first 3 years of his Presidency - done well

You don't like the serving Board members. So one would think you have alternate people in mind .

Who are they ? Lets have some names.

Hmm, would you like an easier question Mozzie ?

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PostPosted: Fri Feb 24, 2017 8:34 am 
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Rod Ashman

Joined: Mon Sep 28, 2009 2:56 pm
Posts: 2477
JackWorrall wrote:
Lies, damned lies and statistics...

I haven't seen the club's financial reports, but if it has a five million dollar loan or facility it doesn't mean anything with regards to solvency. If the assets are $20 million, then that's miles from insolvency. As for trading on borrowed money, if that wasn't possible, then you'd have to wind up virtually every commercial entity in the country.

The financial state of any organisation has to be seen as a whole, not just from selective figures to suit an argument, and if there was any concern about our club's commercial viability I think we would've heard a whisper or two by now.


read the annual report page 5 item 7 - there is your answer

there is not a disclosure of information that would unfairly prejudice the club


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PostPosted: Fri Feb 24, 2017 8:35 am 
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Rod Ashman

Joined: Mon Sep 28, 2009 2:56 pm
Posts: 2477
murraycray wrote:
murraycray wrote:
Mosquito Fleet wrote:
robertbb wrote:
Said this when MlG first took the reigns - my family has had non-footy related business dealings with the LoGiudice's for the last two generations. They know how to get shit done, they rarely lose, and you'd far prefer them on your side than your competition's.

He's done well and long may it continue.


yep 3 statutory financial losses in his first 3 years of his Presidency - done well

You don't like the serving Board members. So one would think you have alternate people in mind .

Who are they ? Lets have some names.

Hmm, would you like an easier question Mozzie ?


i have names but im not going to release a potential future ticket - all in good time my friend


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PostPosted: Fri Feb 24, 2017 9:08 am 
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Alex Jesaulenko

Joined: Thu Feb 02, 2006 11:03 am
Posts: 22924
Location: Bondi Beach
Mosquito Fleet wrote:
murraycray wrote:
murraycray wrote:
Mosquito Fleet wrote:
robertbb wrote:
Said this when MlG first took the reigns - my family has had non-footy related business dealings with the LoGiudice's for the last two generations. They know how to get shit done, they rarely lose, and you'd far prefer them on your side than your competition's.

He's done well and long may it continue.


yep 3 statutory financial losses in his first 3 years of his Presidency - done well

You don't like the serving Board members. So one would think you have alternate people in mind .

Who are they ? Lets have some names.

Hmm, would you like an easier question Mozzie ?


i have names but im not going to release a potential future ticket - all in good time my friend


Good. I hope they have something of value to add. We need good people applying and selling their vision to the members.

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PostPosted: Fri Feb 24, 2017 11:11 am 
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Stephen Silvagni
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Joined: Tue Mar 01, 2005 9:27 am
Posts: 28477
Location: Free Beer!!
Mosquito Fleet wrote:
TruBlueBrad wrote:
Mosquito Fleet wrote:
Blue Boys wrote:
Whilst Carlton didn't record a statutory financial gain last year, we had an improvement in our net deficit from $2.7 million in 2015 to $765,000 in 2016. That's a $2 mill improvement in its financial position. Just saying.


carlton borrowed 5 mill from westpac guaranteed by the afl - we are using borrowed money to run the day to day operations of the club

we are potentially insolvent

page 30 annual report 2016


:lol: :lol: :lol:

Before depreciation on our worthless stands, we made a $1m profit. A $2m turnaround on the previous year. Not bad for our on field result.

Jury is still out on our board, but your claim that we're trading on borrowed money is laughable.


There was a statutory loss in 2016
The 2 million turnaround was substantially contributed by retirement of 2 highly paid players
The 5 million loan fully utilized takes our debt position to 6.5 million created by this board

Yes its laugable...


You're saying our TPP went down by almost $2m?

Correct me if I'm wrong, but the loan consolidated a stack of debt incurred by previous boards.

_________________
"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


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PostPosted: Fri Feb 24, 2017 7:08 pm 
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Stephen Silvagni
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Location: riding shotgun on Agros Karma Train
Game, set and match

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PostPosted: Fri Feb 24, 2017 7:22 pm 
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Rod Ashman

Joined: Mon Sep 28, 2009 2:56 pm
Posts: 2477
TruBlueBrad wrote:
Mosquito Fleet wrote:
TruBlueBrad wrote:
Mosquito Fleet wrote:
Blue Boys wrote:
Whilst Carlton didn't record a statutory financial gain last year, we had an improvement in our net deficit from $2.7 million in 2015 to $765,000 in 2016. That's a $2 mill improvement in its financial position. Just saying.


carlton borrowed 5 mill from westpac guaranteed by the afl - we are using borrowed money to run the day to day operations of the club

we are potentially insolvent

page 30 annual report 2016


:lol: :lol: :lol:

Before depreciation on our worthless stands, we made a $1m profit. A $2m turnaround on the previous year. Not bad for our on field result.

Jury is still out on our board, but your claim that we're trading on borrowed money is laughable.


There was a statutory loss in 2016
The 2 million turnaround was substantially contributed by retirement of 2 highly paid players
The 5 million loan fully utilized takes our debt position to 6.5 million created by this board

Yes its laugable...


You're saying our TPP went down by almost $2m?

Correct me if I'm wrong, but the loan consolidated a stack of debt incurred by previous boards.


where does it say on the Annual Report the 5 million consolidated a stack of debt incurred by previous boards?


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PostPosted: Sat Feb 25, 2017 5:32 am 
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Stephen Silvagni
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Where did I say it did? It wouldn't be in the Annual Report.

Are you saying we were debt free, with no loans, before this board?

_________________
"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


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