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PostPosted: Sat May 05, 2012 9:51 am 
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Stephen Kernahan
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Kaptain Kouta wrote:
For the sanctimonious, Judd plays a sport which makes a lot of money from gambling, and is very heavily entwined with many of the larger gambling agencies. By the high standards you set, surely Juddy has to give up the game immediately, or he will be a hypocrite if the highest order.


Not at all.

That he earns income from playing the game is public knowledge.

There's no problem with Judd having an investment in a gambling operation if it's out in the open but when you're talking about an industry which preys on the vulnerable it's appropriate that the public is aware of who gains from society's losses.

I could be wrong but the original article suggests the structure was put in place in a way to hide Judd's involvement. There may or may not not be a legal issue there but I think there's an ethical one and if there wasn't he probably wouldn't have gone to the effort to hide it.

Quote:
...Judd's attempt to keep his investment confidential ran foul of Victorian Commission for Gambling Regulation rules, which require people connected to gaming venues to be disclosed on a public register.


It's not the end of the world but it's not pretty and he probably doesn't need defending.

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PostPosted: Sat May 05, 2012 10:32 am 
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Bruce Doull
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I was under the impression that some people here felt Judd earning any money directly or indirectly was an ethical issue.

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PostPosted: Sat May 05, 2012 12:00 pm 
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Craig Bradley
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Couldn't care less where Judd puts his own money.

My only concern in this matter is whether there are any salary cap implications which doesn't seem the case.

Poor judgement though, surely someone knew you must declare your identity in such investments. A whole lot of unnecessary bad press...

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PostPosted: Sat May 05, 2012 2:36 pm 
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Ken Hunter
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Juddy is entitled do what-ever he likes with his money, just like the rest of us!


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PostPosted: Sat May 05, 2012 5:39 pm 
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Mike Fitzpatrick

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GWS wrote:
If it was James Hird you'd all be all over it like Lance at a pie night.


Not me. I could not give a flying flower.
It's his money, he can do what ever he wants.


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PostPosted: Sat May 05, 2012 6:06 pm 
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Harry Vallence
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for those interested, here's the decision:

http://www.austlii.edu.au/au/cases/vic/VCC/2012/47.html

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PostPosted: Sat May 05, 2012 6:50 pm 
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Bruce Doull
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GWS wrote:
I could be wrong but the original article suggests the structure was put in place in a way to hide Judd's involvement. There may or may not not be a legal issue there but I think there's an ethical one and if there wasn't he probably wouldn't have gone to the effort to hide it.



Judd loaned/invested half a mil in a company and asked that his involvement be kept confidential. The company invested in a hotel that has pokies. Judd is informed that his investment can't be kept confidential due to the gaming regulations and he then asks for his money back.

That's how I've had it explained to me.

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PostPosted: Sat May 05, 2012 7:09 pm 
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Rod Ashman
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This story reminds me of the line "A little knowledge is dangerous."

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PostPosted: Sat May 05, 2012 9:22 pm 
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Stephen Kernahan
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Good to hear he's got his money back.

Might have got some extra with a term deposit...

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PostPosted: Sun May 06, 2012 4:32 am 
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Trevor Keogh

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Give the guy a break - he will learn - he won't hit his business prowress until he is 45 or so he isnt even 30 yet,


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PostPosted: Sun May 06, 2012 9:02 am 
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Stephen Kernahan
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woof wrote:
GWS wrote:
If it was James Hird you'd all be all over it like Lance at a pie night.


Not me. I could not give a flying flower.
It's his money, he can do what ever he wants.


You'd be happy for the captain of your football club to invest in the manufacture of kiddie porn?

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PostPosted: Sun May 06, 2012 9:26 am 
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Ken Hunter
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GWS wrote:
woof wrote:
GWS wrote:
If it was James Hird you'd all be all over it like Lance at a pie night.


Not me. I could not give a flying flower.
It's his money, he can do what ever he wants.


You'd be happy for the captain of your football club to invest in the manufacture of kiddie porn?


Since when is investing in pokies illegal? :confused: Not worth replying too but I just couldn't resist. :banghead:


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PostPosted: Sun May 06, 2012 10:53 am 
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Stephen Kernahan
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SurreyBlue wrote:
Since when is investing in pokies illegal? :confused: Not worth replying too but I just couldn't resist. :banghead:


It's not illegal but you have to disclose your interest on a register. He didn't and that's why there's a legal question.

It may be that Judd was completely unaware of what the money was going to be used for but considering his levels of application to the other things he does in his life that strikes me as highly unlikely.

As I said before I don't think it's the end of the world and the comparison with kiddie porn was simply to refute the suggestion that what he does with his money is of no interest but he's the figurehead of the club and what he does reflects upon it.

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PostPosted: Mon May 07, 2012 12:56 pm 
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Mike Fitzpatrick

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GWS wrote:
woof wrote:
GWS wrote:
If it was James Hird you'd all be all over it like Lance at a pie night.


Not me. I could not give a flying flower.
It's his money, he can do what ever he wants.


You'd be happy for the captain of your football club to invest in the manufacture of kiddie porn?


The hole you are digging has just got bigger.


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PostPosted: Fri May 11, 2012 8:50 am 
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formerly Fevola

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AFL Website today. AFL investigating a deal between Judd and Board member for $500K. Is it that serious ? Geez Carlton are the only ones with 3rd party deals.......


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PostPosted: Fri May 11, 2012 9:04 am 
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Ken Hunter

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Drewgirl wrote:
AFL Website today. AFL investigating a deal between Judd and Board member for $500K. Is it that serious ? Geez Carlton are the only ones with 3rd party deals.......



..money was invested prior to the other person becoming a board member.. ..i think he's gotten his cash back now as well, so not sure if there's any overlap timing wise..

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PostPosted: Fri May 11, 2012 9:30 am 
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Bruce Doull
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Beat up.

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PostPosted: Fri May 11, 2012 11:06 am 
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Stephen Kernahan
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The AFL is probably just making sure, there was no special deal where Judd got more than he was entitled to from a Carlton board member.
If he did, then the club is in deep do-do

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PostPosted: Fri May 11, 2012 11:14 am 
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Mike Fitzpatrick

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500,000 in and 500,000 out means he lost money.


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PostPosted: Fri May 11, 2012 11:40 am 
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Stephen Kernahan
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woof wrote:
500,000 in and 500,000 out means he lost money.


FYI, you don't necessarily get your money back in every business investment. Sometimes you actually lose dollars not just potential income.
If the stake was worth $500k on a legitimate valuation when he cashed in, there'll be no problem. It was worth $400k, then there's trouble.

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