If you look at the financial reports it often makes sense. Any club that doesn't match with your criteria will often be getting assistance funding for a major infrastructure project like a training facility.

_________________
29 different attributes,
And only 7 that you like;
20 ways to see the world,
Or 20 ways to start a fight.

It's done in a very logical and purposeful manner.

You just don't want to listen.

_________________
"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

I have been looking at the financial reports....particularly of North Melbourne.

The "future fund" gifts to North Melbourne are alarming.

http://www.nmfc.com.au/staticfile/AFL%2 ... nal%29.pdf

page 13.

They are now a profitable club. That should mean there are no more gifts from the future fund.

"As part of this commitment, the AFL has agreed to continue to provide certain financial assistance to (North Melbourne) including funding assistance in 2014 of $2.73 million from the Future Fund."

How much was Carlton's loss for 2014 again?
1.6 million...but that is right. Their loss was nearly as much as what North got out of the AFL from the future fund in 2014.

The answer from the sceptics is " Carlton is a big club, though, so a "one-off" loss is fine. Keep funnelling the money into North then."

10 years ago I had some sympathy with "equalisation" measures. After 10 years of watching Carlton getting pummelled by clubs that (all animals are equal but some are more equal than others) have been equalised I am a bit sick of the process...particularly as Carlton gets no sympathy or assistance as it is a "big club". (Not nearly as big a club as the Mirvac Waverley Tasmanian AFL Hawks though...I wonder how Hawthorn got to be such a big club?...I don't need to wonder for that long, It is common sense. Follow the money trail).


http://www.afl.com.au/staticfile/AFL%20 ... Report.pdf


Essendon*, Richmond and Western Bulldogs also got approx 3 million out of the future fund in 2013 - Some of that was for the redevelopment of their grounds/facilities- but the question is - is this amount justified? Should Essendon* be receiving any money from the Future Fund considering their role in bringing the game into disrepute?

http://www.afl.com.au/staticfile/AFL%20 ... Report.pdf


In 2006, the AFL obtained 18.6 million from Mirvac from the sale of Waverley - why wasn't that funding shared EQUALLY amongst the 12 clubs that contributed towards the making of Waverley back in the 1970s? Instead, Hawthorn was the only one that got any real benefit out of the sale of Waverley.

http://www.afl.com.au/staticfile/AFL%20 ... t_2006.pdf

The only +ve in the report is the improvement in the nett asset position of $2.8m from FY13.

A shocking result and sub judice gets somewhat of a pass as he wasn't president but still on the board at the time so not totally absolved
Must do better next year financially a really average performance
I couldn't care about AFL handouts we know they will never help us get our own house in order both on and off the field

its a pretty average to sub average club isnt it?

_________________
Due to recent budget cuts and the rising cost of electricity, gas, and oil....... the Light at the End of the Tunnel has been turned off. We apologize for the inconvenience.

That's a good attitude. Carlton should make itself strong and not worry about others...100% see where you are coming from. It is up to Carlton to build its membership. get stronger on the field, build its revenue etc.

However, I have one slight reservation. I want handouts to Hawthorn, North and Port (in particular) to finish. All these clubs are profitable in real terms now. Hawthorn should lose their Tasmanian deal, North and Port should no longer get funds from the future fund....unless Carlton gets given an equal amount as well.

overall revenue dropped by less than 1% so that's not a train wreck but not sure what marketing and other dept costs are? increased by 2.4 mil ...

Marketing costs might be due to 150th and marketing that?


Pretty average that the merch sales were no better despite all the special merch for the 150th.

The bloody awful start to the year [REDACTED] everything.

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I hope Essendon* folds.

OK so regarding Operating Expenses the club, until 2012, defined it as:

Operating Expenses = FD Costs + Marketing/Other Department Costs

In 2013, this changed to:

OE = FD Costs + Marketing/Other Costs + Member Venue Costs

Hence the jump. Additionally, expenses jumped about $7 million in 2012 under the previous definition. Marketing expenses have obviously dropped since then, while FD costs have held, otherwise there would be a much higher discrepancy in 2013 & 2014.

Oh for the days when XBRL will be ratified and used globally. Until then, shady finance lurks around every corner.

_________________
29 different attributes,
And only 7 that you like;
20 ways to see the world,
Or 20 ways to start a fight.

good one!

_________________
dane's trolling again

Global accounting standards are only going to help anyone who is interested in best practice.

I'm not saying that this was shady, I'm saying it draws suspicion too easily when it's just a change in definition.

_________________
29 different attributes,
And only 7 that you like;
20 ways to see the world,
Or 20 ways to start a fight.

Dunno people are only hung up about that.
There are more shady goings on around club and most of you guys have no idea.
As a non member which is inexcusable for the members to have already missed I'll allow you to crystallize it before tonight... Or I'll do it.

You blokes are dreaming if you believe this club is on the right track....

But a discerning eye and mind like mine can pick up all the irregularities whilst the sleep walkers follow on hope... Recruiting is just a small example.
I'll allow you blokes some time and space to seek what this club is becoming.. Has become.. Is becoming...

_________________
Due to recent budget cuts and the rising cost of electricity, gas, and oil....... the Light at the End of the Tunnel has been turned off. We apologize for the inconvenience.

Did we have member venue costs in 2012?

_________________
"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

No, we only began reporting member venue revenue and costs in the 2013 FY.

_________________
29 different attributes,
And only 7 that you like;
20 ways to see the world,
Or 20 ways to start a fight.

Then what's the change in definition, and how is it shady and suspicious?

If we had the member venues in 2012 it would have been reported the same.

_________________
"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

It's not shady at all, my point was in a global age, having all these different accounting standards for a given field for a given country seems kinda dumb, and when people don't understand what's happening and what isn't being reported, it draws suspicion (especially post-GFC).

Maybe there's a school of thought that feels their work will be outsourced, but I prefer to see the glass half-full and believe more opportunities will open up internationally for those willing to make the shift.

_________________
29 different attributes,
And only 7 that you like;
20 ways to see the world,
Or 20 ways to start a fight.

You lost me

_________________
"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

Discussion on the Independent Nominations Committee has been moved here -> viewtopic.php?f=2&t=34446

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