TalkingCarlton :: View topic - The Luke Sayers board

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

Mosquito Fleet wrote:

robertbb wrote:

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.

robertbb wrote:

Mosquito Fleet wrote:

robertbb wrote:

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

you find out and get back to me

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

robertbb wrote:

Mosquito Fleet wrote:

robertbb wrote:

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

you find out and get back to me

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

Mosquito Fleet wrote:

robertbb wrote:

Mosquito Fleet wrote:

robertbb wrote:

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

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.

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.

Blue Boys wrote:

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

Blue Boys wrote:

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

Mosquito Fleet wrote:

Blue Boys wrote:

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

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.

Mosquito Fleet wrote:

robertbb wrote:

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.

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.

murraycray wrote:

Mosquito Fleet wrote:

robertbb wrote:

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 ?

murraycray wrote:

Mosquito Fleet wrote:

robertbb wrote:

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

TruBlueBrad wrote:

Mosquito Fleet wrote:

Blue Boys wrote:

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

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...

Mosquito Fleet wrote:

TruBlueBrad wrote:

Mosquito Fleet wrote:

Blue Boys wrote:

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

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.

Author:	robertbb [ Thu Feb 23, 2017 11:32 am ]
Post subject:	Re: Mark LoGiudice - Carlton President
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.

Author:	Mosquito Fleet [ Thu Feb 23, 2017 11:43 am ]
Post subject:	Re: Mark LoGiudice - Carlton President
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

Author:	Blue Boys [ Thu Feb 23, 2017 11:53 am ]
Post subject:	Re: Mark LoGiudice - Carlton President
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.

Author:	robertbb [ Thu Feb 23, 2017 12:03 pm ]
Post subject:	Re: Mark LoGiudice - Carlton President
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.

Author:	Mosquito Fleet [ Thu Feb 23, 2017 12:12 pm ]
Post subject:	Re: Mark LoGiudice - Carlton President
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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Author:	Blue Boys [ Thu Feb 23, 2017 12:13 pm ]
Post subject:	Re: Mark LoGiudice - Carlton President
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.

Author:	robertbb [ Thu Feb 23, 2017 1:10 pm ]
Post subject:	Re: Mark LoGiudice - Carlton President
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?

Author:	The Normal One [ Thu Feb 23, 2017 2:49 pm ]
Post subject:	Mark LoGiudice - Carlton President
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?

Author:	TruBlueBrad [ Thu Feb 23, 2017 6:27 pm ]
Post subject:	Re: Mark LoGiudice - Carlton President
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 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.

Author:	Mosquito Fleet [ Thu Feb 23, 2017 9:28 pm ]
Post subject:	Re: Mark LoGiudice - Carlton President
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 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...

Author:	JackWorrall [ Fri Feb 24, 2017 12:28 am ]
Post subject:	Re: Mark LoGiudice - Carlton President
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.

Author:	murraycray [ Fri Feb 24, 2017 5:06 am ]
Post subject:	Re: Mark LoGiudice - Carlton President
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 ?

Author:	Mosquito Fleet [ Fri Feb 24, 2017 8:34 am ]
Post subject:	Re: Mark LoGiudice - Carlton President
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

Author:	bondiblue [ Fri Feb 24, 2017 9:08 am ]
Post subject:	Re: Mark LoGiudice - Carlton President
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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Author:	TruBlueBrad [ Fri Feb 24, 2017 11:11 am ]
Post subject:	Re: Mark LoGiudice - Carlton President
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 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.

Author:	kingkerna [ Fri Feb 24, 2017 7:08 pm ]
Post subject:
Game, set and match

Author:	Mosquito Fleet [ Fri Feb 24, 2017 7:22 pm ]
Post subject:	Re: Mark LoGiudice - Carlton President
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 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?

Author:	TruBlueBrad [ Sat Feb 25, 2017 5:32 am ]
Post subject:	Re: Mark LoGiudice - Carlton President
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?