Why would they leave the debt to the AFL and now have to pay 6% interest. The AFL shits me, we have to pay back and melbourne, bulldogs, nth melbourne get all the hand outs they want.

I read the debt to be a $5M commercial bill + the $1.5 debt to the AFL.

Man, that we could still make a decent profit after paying off part of our debt to the AFL AND our increased spending in the football dept, is a sure sign we're on the right track. A finals berth in 09 would make this even sweeter.

This part that brought it home with me was the comparison between our total assets from 07 to 08.
2007: $5,244,247
2008: $10,960,828

I also love hearing all these dipshits talking about our "handouts" from the AFL. We have to pay it back you flowering clowns!


Perhaps they feel that it will be easier to pay off with the interest when we have a more solid infrastructure in place, than throwing all our eggs in one basket now to avoid the fee, and leaving a big hole in our funds. Not sure.

Either way, I think I have a man-crush on Greg Swann.

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WADA medical director Dr Alan Vernec describes Essendon* FC drug case as biggest scandal in team sport the world of sport has seen. #WC2WB

#GUILTY

How come on the website it says we made a profit of $1.65m when in the report it says a profit of over $6m??

Giving two years with no interest calculated helped us get our house in order, and 6% is a fair rate.

If it was always going to be interest-free, what incentive would we have to pay it back?

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

Accounting guidelines require us to record grants as revenue. We received around $5M in grants during this financial year. These grants are specifically to be used toward the redevelopment. For the purpose of demonstrating how the club traded in 2008 the board decided to announce our true trading profit rather than the inflated statutory figure.

Come on Mark, you should have done a Richmond and announced a profit figure including grants. No one checks the small print these days

On a serious note, well done to everyone at the club for this result. 21 months seems a long long time ago

Fantastic result and everyone involved from board down should be congratulated. Supporters such as me really do truly appreciative the turnaround and I for one want to publicy thank one and all for their efforts.

When do we float and is the IPO restricted to members as it should be?

A really good result...if the aforementioned sentence was reality - the Carlton Football Club is a BUY.

Hi Mark, good to see you about.

Can you give us a bit of an insight into what fundraising initiatives the board has in mind to help raise the $7.95mill we need to contribute to the redevelopment?

Budzy, The Blue Believer program is one fundraising initiative with all donations going towards the development cost.

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Mjonc signing off at 8888

Its a pleasing little report - shows strong improvement 2008 on 2007 but also, if you get to look at other Clubs, shows how we have a fair bit to to to catch-up. That being said, you have to start somewhere and 2008 shows some really good signs:

* Sponsorship / hospitality us roughly 35% from 7.4m to 10m. Again, we have a way to go but this is a fantastic turnaround yoy. Imagine the budgeters would be considering finals and how much more this could turn around.
* Membership and reserved seating up over 20% yoy.
* Gaming up alot (!)
* Revenues up overall from 25.5 to just on 32m
* On the costs side alot of this has been invested in the football department plus also the marketing department.
* On the liquidity point the CLub is trying to pick up the operating cashflow to expand, so what is raised will generally be spent
* The risk to this would be a drop-off in membership or sponsorship, so this week's announcement is a positive. Key risk is recession / depression in 2009 but hopefully the Carlton rise continues and keeps this at bay.

Yes, we still owe the AFL money but 'terming this out' for a year at an interest rate still suits us as its cheap and to a friendly source. The current management clearly arent about debt reduction for the sake of it - its about growing the Club, growing the brand and 'catching up' to the big-boys. This is great to see.

http://carltonfc.com.au/tabid/4311/Defa ... wsid=69891

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WADA medical director Dr Alan Vernec describes Essendon* FC drug case as biggest scandal in team sport the world of sport has seen. #WC2WB

#GUILTY

How does the AFL get away with charging the club's it givesw a loan to interest on that loan considering that the reason the clubs are asking for the Loan is they aint got $$$.
Surely the AFL should be like your parent and give you the money to be repaid without interest....

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Stay tuned We're in for a BUMPY ride

Flower me!! Someone on here who actually knows what they are talking about!!!! Not that I understood a word of it. Crikey I will meet a normal sensible Collingwood supporter next.



Nah I won't.

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A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty" -Winston Churchill

L.M 35-06

A small bump to let everyone know this thread has been unstickied.

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