Haven't read the report yet, but very interested in the revenue from pokies.

Wasn't it meant to produce millions and sustain our financial viability for the foreseeable future?

I guess it's only year one.

Some very concerning numbers in there. Even if you take the spin out of it, last year we only had a profit of $780k which is very low. Richmond made a $3m profit this year!

Our pokies revenue is up $5m, yet somehow translates into a $1.5m turnaround in our profits.

Net current asset deficiency of over $8m

Yet interestingly, no mention from the auditors with regards to going concern - first time in many years from what I recall.



It seems a lot higher to me. Almost mind boggling. They don't specify in the financials but the below numbers give you an indication:

- Wages and salaries expenses up $2.6m from last year
- 'Other creditors' up $2.3m

Putting two and two together, it seems like those are the payouts (not yet paid) for the sacked coaches.

Big numbers.

Gaming Revenue up $5mil
Football dept spend up $2.5mil
Marketing dept spend up $4.4mil

Dont worry about the bottom line.

We added a revenue stream so increased our spend in the Football and Marketing departments. You'd want to see a further breakdown on those expenses, but payouts to coaching staff and shiny new social media toys explain most of it.

Plant & Equipment went up $2.5mil so I assume that includes increases for player facilities. Couple of other interesting things but the gaming side of things is changing the business.

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"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

The Tigers had how many fundraising campaigns this year? Most of there 'profit' was generated from those fundraising events and the deeps pockets of their supporters.

Current Asset deficiency.

Other Creditors increased by about the same amount.

_________________
"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

Wait, what? I thought some of our wealthy supporters were going to pay out Ratts as long as we got Mick. I'm sure I read that somewhere....

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when you have eliminated the impossible, whatever remains, however improbable, must be the truth

Feelgood Hit of the Winter - GHRP-2, GHRP-6, CJC-1295, AOD-9604, Humanofort and Hexarelin

It's in the report proper, page 11 note 2c.

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Mens sana in corpore sano.

Bring back the laurel wreath logo!!!

Hahahahahaha!

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"Truth, for the tyrants, is the most terrible and cruel of all bindings; it is like an incandescent iron falling across their chests. And it is even more agonizing than hot iron, for that only burns the flesh, while truth burns its way into the soul"     — Lauro Aguirre

Idiots throwing money away on Rattan's contract PLUS the assistants and then paying overs for MM and HIS assistants.
We needed more in the football dept but foolishly chasing Collingwood's expenditure is going to break clubs.
If I did this with the family finances, my wife would kill me.
Justifiably.

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Let slip the Blues of war (with apologies to William Shakespeare) (and Sir Francis Bacon, just in case)

Always something to explain how [REDACTED] this basketcase of a club we have been for the last decade
Thank god we have some guys who have been successfull in the business world coming on the board that may help run the club better


Brad your posts are often deluded on how good and solid things are.


As another poster said if you ran your own financial life like the board has run the CFC you would be rooted

Paying out sacked coaches before their contract is up is bad for business yet we have done it repeatedly. The club has been a joke. Hopefully sticks will have nothing to do with the board in a years time and the new blood will right the ship.


More importantly the board will be innovative and look to better ways to make money such as playing games overseas etc


There is nothing wrong in being true blue but being a realist is important as well

My posts are deluded?

Someone asked how gaming revenue went up but we made a loss. I explained it, what's deluded about that?

Besides having to pay out coaches that you were in favour of sacking, what in particular about the way we run our financial affairs are you concerned with?

_________________
"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

Brad's posts deluded? I don't think so.

If you ran your own budget like is presented in the CFC financials you'd hardly be rooted.

Divide everything by 1000 and treat it as an individual who made $46,958.24 for the year. He or she would have a little over $4,000 in the bank plus around $3,000 in shares . His or her credit cards, car loan etc would only be a little over $17,000 and they would have a car worth about $21,000 with a $1,500 stereo in it. They would have spent approximately $700 more on rent, food, entertainment etc for the year than they had come in through their wages. Net worth is their bank account ($4,000) + shares ($3,000) + Car with stereo ($22,500) less credit card and car loan debts ($17,000) = $12,500 down from $13,300 the year before since they spent a bit more than they earned.

By no means mega rich, and after the promotion he or she happened on a $9,500 pay increase but unfortunately this year they had to pay out an ex boyfriend/girlfriend just to get them out of their life and have also forked out quite a bit of dough wooing a new prospective.

Yes you did explain it and I was the one that asked the question.

We pumped money into the footy department (some of it was to pay out coaches) and went back wards on the field.

We pumped money into the marketing department and have very little to show for it currently.

Marketing dollars need to turn into revenue dollars, Revenue went up 7 million last year, 5 million from pokies, 1 million from the AFL and 1 million from membership.

The return on investment so far is appalling.

My concern is the extra $4.4 mil spend on marketing with no demonstrable positive return.

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T E A M

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"One of my favorite philosophical tenets is that people will agree with you only if they already agree with you. You do not change people's minds." - Frank Zappa

Certainly from a membership point of view you'd be right in saying that. But the wider engagement with members and fans has been a very welcome step. Being able to quantify the benefits will always be difficult if you look past the member tally (which we should expect to grow as well, of course).

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Is that you @TheKouk ?

Nah I'm @TheKook.

What - it cost us $4.4m to buy some flip cameras to lug around on preseason trips? We couldn't even get the snags right at the (completely botched, naturally) training session!

$4.4m is a significant, significant amount of money for a business the size of Carlton. And as someone else has said, I can't see one tangible thing we have achieved over the last 12 months which we can point to and demonstrate some ROI for that $4.4m. Membership failed to hit a target and is miles behind other clubs of our size. Membership packs and seating were still all over the place.

This set of results is a major reinforcement of my perception of the club as having a lot of money flying all over the place without anyone having a clue about what to do with it, beyond waving a chequebook around and just buying 'stuff'.

Amateur hour stuff. It would be great to have the sense that there is some genuine heat being felt by some key people at the club, but obviously that's a long shot. Sticks got his extra year's farewell tour, so it will be steady as she goes. Great.

Good stuff Verbs