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PostPosted: Sun Feb 27, 2011 9:03 am 
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Ken Hunter
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BlueMark wrote:
Maverick wrote:
Anyone else have a slight moral objection to the fact that we're relying on cancer-like socially destructible machines to essentially save our club financially. I realise we kinda have to do it but still......


Ah yeah, but it at least I will be kept employed dealing with the fallout.


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PostPosted: Sun Feb 27, 2011 9:12 am 
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Wayne Johnston
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JohnM wrote:
The three key areas of revenue shortfall the report identified are:

Membership and reserved seating.

Sponsorship.

Non-football revenue.


This is where we've fallen behind Essendon*, Hawthorn, Geelong (and of course a LONG way behind collingwood).

Obviously the pokies deal is designed to address area 3. I'd guess that splitting out home games between the MCG and ShitStadium makes it hard for the club to package attractive premium membership/seating options... so it's no surprise we're falling behind there. The sooner we can somehow negotiate a shift to the MCG, the better. Hopefully work is being done on this at board and executive level.

As for sponsorship, take away the 'from the heart' Visy sponsorship and we're a bit thin there. More work is definitely needed.

But we're coming from a LONG, LONG way back. Elliot left us in such bad shape it's scary. What's clear though is we need less of the "We're Carlton **** the rest" attitude, and a lot more savvy and intelligence, if we're to catch up to Geelong and Essendon*, and even get remotely close to Collingwood who are absolutely creaming us in virtually every respect.

Love to hate them, but they are clearly the benchmark for Victorian clubs and should be respected as such.


c'mon John, Elliott was near on 10 years ago..!!

...Id've thought Harrison or Moulton would've been in here by now to put the concerns to rest... :donk:

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PostPosted: Sun Feb 27, 2011 1:28 pm 
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Ken Hands
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Agree, we can no longer use Elliott as our scapegoat. I want to know why we aren't bringing in the corporate sector we have long been associated with. Why is our club no longer marketable?

The pokies deal is a handout and to a certain extent so is the visy deal. Remove these two from the equation and we will struggle into the future.


Conundrum


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PostPosted: Sun Feb 27, 2011 2:31 pm 
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Geoff Southby

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Traditionally, clubs look to their president/chairman as the key rainmaker for big corporate support.

So we look to Sticks for this.


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PostPosted: Sun Feb 27, 2011 2:49 pm 
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formerly Fevola

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So When are the pokies starting.? This august or last.


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PostPosted: Sun Feb 27, 2011 3:15 pm 
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Stephen Silvagni
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Drewgirl wrote:
So When are the pokies starting.? This august or last.


This coming August I think.


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PostPosted: Sun Feb 27, 2011 3:26 pm 
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formerly Fevola

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So they are not planning on getting any revenue to repay debt till August.? Wow no plan B.?


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PostPosted: Sun Feb 27, 2011 3:28 pm 
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Stephen Silvagni
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Drewgirl wrote:
So they are not planning on getting any revenue to repay debt till August.? Wow so much for having plan B.


I reckon we'll get some sort of clarification on our financial position soon from Swann considering the the press we are getting.


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PostPosted: Sun Feb 27, 2011 3:30 pm 
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Bruce Doull
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Drewgirl wrote:
So they are not planning on getting any revenue to repay debt till August.? Wow no plan B.?

Any additional revenue, at least from pokies. We should have lower costs this year in comparison to last year.

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PostPosted: Sun Feb 27, 2011 3:32 pm 
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Alex Jesaulenko
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Every AFL club depends on handouts from supporters.

Collingwood's Vice President is the son-in-law of Pratt and one of their biggest financial contributors. Eddie has a great knack of getting people to put their hands into their pockets at fundraisers at Raheen.

I'm not a bean counter, but I believe the Pies' revenue includes the turnover of their hotels which are losing money. The Pies made just $1 million from a revenue of $75 million. If they hadn't paid off $7.2 million of debt that due last year, they'd have liabilities of $25.5 million to our $10.8 million. They have cash in the bank, but it's a small furphy that they're well managed and living by their own means.

AFL Victorian clubs audit
Quote:
PREMIERSHIP glory has paid off for the Pies, with the club using its gigantic revenue flow to completely pay off a $7.25 million loan due last year.

But bad smells linger from the club's ill-fated purchase of two pubs for $14.5 million in 2006 and 2007, just before the market crashed.

The club has slashed the value of the pubs every year since. This year it cut another $4.39 million from their value. That leaves Albert Park's Beach Hotel, which the club is still trying to offload, worth just $1.56 million.

Collingwood is holding on to the other pub, the Diamond Creek Hotel, worth about $3.7 million.

I'd love someone to go through the annual reports of the clubs and explain it in plain English.

The Dogs are more asset rich than the rest of the Victorian based clubs.

For mine, Hawthorn are the biggest club with their cash reserves, membership and income derived from playing in Tasmania.

Geelong's revenue is high because they control Kardinia Park and make money from reserved seats like we used to control Princes Park. We're locked into Docklands with a crap deal like every club bar Essendon*. Elliott was a poor President, but Collins and the AFL should be blamed for locking a big Victorian club into a smaller stadium. I felt sick looking at that huge social club the Pies have at the MCG.

Carlton may have a bad membership and communication departments, but that's no excuse for a list such as our's to lose members like we did last year. An attitude of We're Carlton, @#$%&! the rest and our slogans can't be blamed for members not renewing. Collingwood and Essendon* supporters are just as confident or arrogant that their history of success will hold them in good stead. They don't hide from it and try to be humble.

Ratten and Kernahan bad...

Buckley and McGuire good...

:garthp:


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PostPosted: Sun Feb 27, 2011 3:38 pm 
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Geoff Southby
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JohnM wrote:
Traditionally, clubs look to their president/chairman as the key rainmaker for big corporate support.

So we look to Sticks for this.


Yes whenever it's bad it's Kernahan's fault. Any good financial news Swann gets credit.

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PostPosted: Sun Feb 27, 2011 6:32 pm 
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Harry Vallence

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Kouta wrote:

Carlton may have a bad membership and communication departments, but that's no excuse for a list such as our's to lose members like we did last year. An attitude of We're Carlton, !@#$%& the rest and our slogans can't be blamed for members not renewing. Collingwood and Essendon* supporters are just as confident or arrogant that their history of success will hold them in good stead. They don't hide from it and try to be humble.

Ratten and Kernahan bad...

Buckley and McGuire good...

:garthp:


You cannot be serious including Ratten into this argument, surely.

With respect to the arrogance of Pies & Bombers supporters, you missed the point completely. Their clubs don't treat their supporters with the contempt that ours does and the blame fall squarely on the communications and membership departments, which is overseen by the board.

We need a cleanout of the board and get some fresh ideas with less legal people and more smart business people to steer the club in a new direction.


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PostPosted: Sun Feb 27, 2011 6:42 pm 
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Stephen Silvagni
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Oh dear. This "Collingwood and Essendon* are so much better than us" attitude is why, some times, it is highly embarrassing being a Carlton supporter. Too many metro soft cocks.


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PostPosted: Sun Feb 27, 2011 8:11 pm 
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Alex Jesaulenko

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The way I look at Carlton and the mess they are still in is a bit like a truck delivery driver.

For years he was the best delivery driver going around whipped around in his Bedford van and made a nice tidy profit -

Then someone ( Elliott) thought if I buy a Pantech I can deliver more goods in comfort so he borrowed money to by a Pantech but wasn't delivery anymore goods

So they sacked him and Brought in Collo who said lets forget this Pantech and rent out this B double we will make lots of money doing that (only Collo was a stake holder in the B Double) The share holders thought this was great we could move a lot more in a B double- only thing wrong was if you didn't fill the B double you lost out and you were still paying for the Pantech that needed lots of repairs but never earns you anything-

So now they are hoping that a fleet of scooters (pokies) is going to earn them enough to pay back the loan on the Pantech .


should have kept the Bedford and maybe put a Turbo in it

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PostPosted: Sun Feb 27, 2011 10:37 pm 
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Stephen Kernahan
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It was reported that we are going to have a Debt demolition campaign ala Stynes and his Demons this year

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PostPosted: Sun Feb 27, 2011 10:40 pm 
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Bruce Doull
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So what in the hell was Blue Believers for then??

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PostPosted: Mon Feb 28, 2011 5:49 am 
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formerly King Kenny
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Donstuie wrote:
So what in the hell was Blue Believers for then??


This was to raise fund for the new complex, they then chose to extend it another year as a naming convention for our debt demolition campaign. I may be wrong, but pretty sure I read this somewhere over summer.


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PostPosted: Mon Feb 28, 2011 7:49 am 
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Geoff Southby
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There's nothing new in this article and none of the data should surprise anyone. Carlton has a lot of debt for a football club - Fact. Carlton has chosen to try and rebuild off the field and fund its share of the new development rather than pay off debt.

This note from our Auditors has been in the accounts for most of the last decade. In parallel our revenues have picked up (not enough IMHO but perhaps the pokies will assist) and we've sought to compete for the off field performance teams. Alot of this has been done but not doubt Collingwood will continue to set the bar here and advance their Club faster than ours (they could for example employ a few minders to look after a Fevola if they ever recruited him!).

I wouldnt worry about a rollover date. Its not GFC anymore. Banks will happily rollover debt these days as the Banks are slowly becoming competitive again. besides with the AFL over the top there won't be a problem.

We've never stopped being high in debt and we've never stopped having a weak balance sheet. We have however prioritised expenditure and we are moving ahead. A debt reduction campaign is one way to do it but also if the pokies pick up it might assist. A GF performance would surely go down well too.

(As for individuals not sure what a President has to do with this)


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PostPosted: Mon Feb 28, 2011 8:32 am 
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Mike Fitzpatrick

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At the recent AGM Swann stated that they expect the debt to reduce by 700k by the end of the season. We have a long way to go but at least we have pumped money into the footy department and facilities. I would be far more concerned if our footy department and facilities were run down and we had the debt, it was not too long ago that the players on our list were asked to bring there own footy to pre season training.


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PostPosted: Mon Feb 28, 2011 12:53 pm 
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Wayne Johnston
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buzzaaaah wrote:
It was reported that we are going to have a Debt demolition campaign ala Stynes and his Demons this year


It blows my mind how innovative and progressive 11 board members can be...!!

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