Laguna wrote:
In my opinion, change needs to occur within the board. And while I am an advocate of a complete board spill and a new direction, we need to be mindful of the financial reliance we currently have on both the Pratts and the Mathiesons.
Until that can be addressed we need to be careful with what we wish for.
thats a myth
The Carlton brand is worth more than the current sponsors provide.
It will survive in a different way afterwards.
Can you imagine the Pratts and Mathesons pulling their support for the club if they are not re-elected?
What are they doing there in the first place if they link their board positions with sponsorship etc? (they wont anyway because they benefit from the relationship more than the club does)
The Blues has a 23 million dollar debt when Elliott was booted out at the end of 2002. At the time our revenue was about 20 million dollars per year.
We now have a debt of 6 million dollars and a revenue of about 46 million dollars per year (almost 10 million coming from gaming, 10 million from memberships, 9 million from the AFL and 13 million from sponsors+)
So our debt has decreased from 23 million to 6 million in about 11 years. Thats a retirement of debt of about 2 million dollars per year.
Its a myth to believe that these Oligarchs are pouring in funds from their own pockets to keep the club afloat. Thats what they want you to believe....that they are saviors and that the members cant live without them...
I can assure you the Oligarchs on the board have benefited far more from the club than the other way around....They use this club as a corporate play toy...even though they may like supporting the blues.
So do the members and they contribute about 22% of the total club revenue each year. And buy most of the merchandise and attend functions etc////