One-Eyed Richmond Forum

Football => Richmond Rant => Topic started by: one-eyed on July 05, 2010, 12:25:01 AM

Title: Tigers in cash hunt to service $4m debt (Age)
Post by: one-eyed on July 05, 2010, 12:25:01 AM
Tigers in cash hunt
July 5, 2010


RICHMOND chief executive Brendon Gale has not ruled seeking special help from the AFL next year to help the club service its $4 million debt.

Melbourne, the Western Bulldogs and North Melbourne are all expected to receive added funding from the AFL - and the Tigers could be next.

''I wouldn't rule anything out,'' Gale said yesterday.''The debt is a debt we manage. It doesn't prejudice our ability to go forward or operate. But it certainly limits our ability to invest in a few different areas and take some risks.''

Gale said the Tigers were continuing to investigate the feasibility of hosting matches in Hobart. He met Tasmanian Premier David Bartlett last week.

''As a Tasmanian, I think it will be great to have more football games in Tassie,'' Gale said on 3AW. ''At the moment it's confined to Launceston.''

The Tigers will next year stage the first of two ''home'' games in Darwin.

http://www.smh.com.au/afl/afl-news/tigers-in-cash-hunt-20100704-zvst.html
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: Ramps on July 05, 2010, 05:17:12 AM
RICHMOND should not BEG, we should not ask for MONEY from the AFL under this program. If Gale wants a debt reduction then he should ask the supporters and members to pay for it, why should we be held hostage after?

The club should open a seperate bank account, Richmond supporters should be told what it is, and anyone who wants to go donate money at the bank can do so! It can happen and at least we know we have members who care, we have 42,000 members, if 20,000 members donate say $50 each then thats a  million bucks right there, now is the time for the club to ask the members, the members are happy with the club and Hardwick, we will all donate! Over 4 or 5 years we will raise the money and pay out the debt.
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: Infamy on July 05, 2010, 08:38:39 AM
RICHMOND should not BEG, we should not ask for MONEY from the AFL under this program. If Gale wants a debt reduction then he should ask the supporters and members to pay for it, why should we be held hostage after?

The club should open a seperate bank account, Richmond supporters should be told what it is, and anyone who wants to go donate money at the bank can do so! It can happen and at least we know we have members who care, we have 42,000 members, if 20,000 members donate say $50 each then thats a  million bucks right there, now is the time for the club to ask the members, the members are happy with the club and Hardwick, we will all donate! Over 4 or 5 years we will raise the money and pay out the debt.
I'd rather we just had a fundraising night to eliminate our debt like Hawthorn & Melbourne have done. At least that way the supporters get something back for their donations.
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: Tigermonk on July 05, 2010, 10:22:35 PM
They should take advantage from the AFL just like the other clubs have before them. AFL is making millions off the clubs

Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: Rodgerramjet on July 05, 2010, 10:27:55 PM
RICHMOND should not BEG, we should not ask for MONEY from the AFL under this program. If Gale wants a debt reduction then he should ask the supporters and members to pay for it, why should we be held hostage after?

The club should open a seperate bank account, Richmond supporters should be told what it is, and anyone who wants to go donate money at the bank can do so! It can happen and at least we know we have members who care, we have 42,000 members, if 20,000 members donate say $50 each then thats a  million bucks right there, now is the time for the club to ask the members, the members are happy with the club and Hardwick, we will all donate! Over 4 or 5 years we will raise the money and pay out the debt.

Sensationalistic press Ramps, just another article attempting to deflate and worry the tiger supporters, after all there has been far to much positiveness about the playing group over the last few weeks and certain sections of the press just can't have that, oh no that just wouldn't be right would it Commetti you stuffing parasite idiot.
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: RedanTiger on July 06, 2010, 02:24:43 PM
Think Gale has played it well again.

Just a gentle reminder to AFL and Tasmania that we are not out of the woods because we have 42,000 members and a few wins.
Six weeks ago we were a basket case in the style of Fitzroy.
With the talk about Tassie and how it should be gifted to those poor clubs like North and the Demons, Benny is reminding the AFL of our still desparate financial position, while on the other news story he is emphasising our ties to Tassie.

Very clever operator, our Benny.
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: tony_montana on July 06, 2010, 07:15:25 PM
Think Gale has played it well again.

Just a gentle reminder to AFL and Tasmania that we are not out of the woods because we have 42,000 members and a few wins.
Six weeks ago we were a basket case in the style of Fitzroy.
With the talk about Tassie and how it should be gifted to those poor clubs like North and the Demons, Benny is reminding the AFL of our still desparate financial position, while on the other news story he is emphasising our ties to Tassie.

Very clever operator, our Benny.
this.

Add a fundraiser next year too, reckon we could smash most of it in one fell swoop if we go on to have a good year next year
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: Ox on July 06, 2010, 08:17:27 PM
RICHMOND should not BEG, we should not ask for MONEY from the AFL under this program.

we're not begging ffs and if you don't ask you don't get.
Alternatively we could sit around saying nothing in the hope the afl would just say,"hey,you know what,richmond needs money so lets give it to them.

I favor the more productive approach personally
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: Smokey on July 06, 2010, 09:38:46 PM
Wonder if the combination of the debt and the wave of success we are currently riding has anything to do with the phone call I got from the club today selling me a $200 raffle ticket?  Good timing?
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: mightytiges on July 17, 2010, 06:09:05 PM
RICHMOND should not BEG, we should not ask for MONEY from the AFL under this program. If Gale wants a debt reduction then he should ask the supporters and members to pay for it, why should we be held hostage after?

The club should open a seperate bank account, Richmond supporters should be told what it is, and anyone who wants to go donate money at the bank can do so! It can happen and at least we know we have members who care, we have 42,000 members, if 20,000 members donate say $50 each then thats a  million bucks right there, now is the time for the club to ask the members, the members are happy with the club and Hardwick, we will all donate! Over 4 or 5 years we will raise the money and pay out the debt.
I'd rather we just had a fundraising night to eliminate our debt like Hawthorn & Melbourne have done. At least that way the supporters get something back for their donations.
Something like Melbourne's debt demoliton website....

http://www.debtdemolition.com.au/

Reducing our debt reduces money "wasted" on interest repayments which could be going to facilities, equipment, etc that will make us a strong side.
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: Ramps on July 17, 2010, 07:31:18 PM
club has to do something, no point just talking about it, Benny Gale needs to start the campaign asap.
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: mightytiges on August 01, 2010, 07:02:41 AM
The Dees have only $612k remaining of their original $5m debt to pay off. That's an impressive effort and the RFC should consider something similar with our larger supporter base.

http://www.debtdemolition.com.au/

Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: one-eyed on August 05, 2010, 05:07:46 AM
Melbourne has wiped clear all of its $5m debt within 2 years via its debtdemolition campaign

http://www.theage.com.au/afl/afl-news/demons-wipe-out-last-of-their-5m-debt-20100805-11fu2.html
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: WilliamPowell on August 05, 2010, 07:10:28 AM
Melbourne has wiped clear all of its $5m debt within 2 years via its debtdemolition campaign

http://www.theage.com.au/afl/afl-news/demons-wipe-out-last-of-their-5m-debt-20100805-11fu2.html

Yeah but how long before they are in debt again

They need to make profits consistently (with or without AFL handouts). Haven't seen them do that yet
Title: Western Bulldogs to maul $5m debt (Herald-Sun)
Post by: one-eyed on October 08, 2010, 01:14:36 AM
The Bulldogs are copying Melbourne's idea with their own "Bulldoze the Debt" appeal to wipe out their own $5 million debt.

http://www.heraldsun.com.au/sport/afl/western-bulldogs-to-maul-debt/story-e6frf9jf-1225935687691

THE Western Bulldogs are set to launch an aggressive bid to wipe off their $5 million debt.

Supporters will soon be asked to contribute to a "Bulldoze the debt" appeal, with the club hopeful of clearing its books within three years.

Bulldogs chief executive Campbell Rose yesterday described the task as a "mountain of gigantic proportions", but is confident it is achievable.

Servicing the $5 million debt costs the Dogs about $480,000 a year in interest, hampering the clubs' ability to keep up with others clubs' football budgets.

The "Bulldoze the debt" concept will include a major invitation-only function on the Whitten Oval turf next year. It closely mirror's Melbourne's Jim Stynes-inspired "Debt Demolition" appeal, which has raised $5.1 million so far.

"I think Melbourne set the benchmark and I think we should be trying to replicate that." Although Demons' supporters are generally more affluent than Dogs' fans, Rose is confident the club can win enough support from its rank-and-file.

Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: torch on October 08, 2010, 01:25:59 AM
I guess we could do the same thing ...

Lets start right now ...

torch - $500

Eat The Debt Total - $500

 :thumbsup
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: the claw on October 08, 2010, 10:42:51 AM
i am reasonably sure the heading is wrong the debt has blown back out to 5 mil.
i dont know how many debates i have had with fools who think debt is okay as long as its sevicable.

must say i was disappointed to hear it had blown back out a lot of supporters actually support march me included because we were doing something about the debt albeit slowly.

its funny in so many ways the club is where it was at under casey with the exception that some much needed money has gone into the footy dept and we will have new facilities.

for such a big club i think it a disgrace that we have debt its time you did something meaningful about it gary.
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: tiger till i die on October 08, 2010, 11:08:38 AM
i am reasonably sure the heading is wrong the debt has blown back out to 5 mil.
i dont know how many debates i have had with fools who think debt is okay as long as its sevicable.

must say i was disappointed to hear it had blown back out a lot of supporters actually support march me included because we were doing something about the debt albeit slowly.

its funny in so many ways the club is where it was at under casey with the exception that some much needed money has gone into the footy dept and we will have new facilities.

for such a big club i think it a disgrace that we have debt its time you did something meaningful about it gary.

I didnt think 5 mill was that tmuch too a football club. Lets get a wealthy Arib to buy our club  8)
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: Ramps on October 08, 2010, 11:13:00 AM
the board and the management have procastinated far too long on this. its time to do something about it, we hear talks that something will happen but alas theres still nuffin!
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: 3rogerd on October 08, 2010, 10:27:46 PM
im sure we can expect announcement soon with the
new facility to be opened tie in nicely. :thumbsup

1. new sponsors.
2. new 20m facility.
3. new stage of the 3. 0. 75.

 
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: jackstar is back again on October 08, 2010, 10:58:48 PM
i am reasonably sure the heading is wrong the debt has blown back out to 5 mil.
i dont know how many debates i have had with fools who think debt is okay as long as its sevicable.

must say i was disappointed to hear it had blown back out a lot of supporters actually support march me included because we were doing something about the debt albeit slowly.

its funny in so many ways the club is where it was at under casey with the exception that some much needed money has gone into the footy dept and we will have new facilities.

for such a big club i think it a disgrace that we have debt its time you did something meaningful about it gary.

Totally agree, pointless  discussing it on here though, you will get shot down in flames
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: yellowandback on October 08, 2010, 11:19:25 PM
Bit like discussing anything contrary to you cause you end up abusing people and banging your head.
 :banghead :banghead :banghead :banghead
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: Danog on October 08, 2010, 11:20:22 PM
I've made a personal vow to donate $5 million to the club if I win the lotto.  ;)
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: Smokey on October 08, 2010, 11:21:32 PM
I've made a personal vow to donate $5 million to the club if I win the lotto.  ;)

What if you only win $1m?

 :P
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: jackstar is back again on October 08, 2010, 11:24:33 PM
Bit like discussing anything contrary to you cause you end up abusing people and banging your head.
 :banghead :banghead :banghead :banghead
:banghead :banghead ::) ::) ;) ;) :birthday
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: jackstar is back again on October 08, 2010, 11:25:14 PM
I've made a personal vow to donate $5 million to the club if I win the lotto.  ;)

What if you only win $1m?

 :P

would be 4 short ;)
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: tiger till i die on October 08, 2010, 11:27:56 PM
I've made a personal vow to donate $5 million to the club if I win the lotto.  ;)

What if you only win $1m?

 :P

would be 4 short ;)

would let it ride all on 32 black  :thumbsup
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: jackstar is back again on October 08, 2010, 11:32:35 PM
Put in all on Moudre tomorrow at Caulfield, although its only paying $2.70
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: Danog on October 09, 2010, 12:03:27 AM
I've made a personal vow to donate $5 million to the club if I win the lotto.  ;)

What if you only win $1m?
 :P
I don't buy lotto tickets if it's less than $25 million jackpot.
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: yellowandback on October 09, 2010, 07:24:10 AM
Put in all on Moudre tomorrow at Caulfield, although its only paying $2.70

moudre? What has it beaten?

Precedance for me.
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: jackstar is back again on October 09, 2010, 07:37:40 AM
Put in all on Moudre tomorrow at Caulfield, although its only paying $2.70

moudre? What has it beaten?

Precedance for me.

moudre beat module ( highly rated Lloyd Williams horse) last June by 3 lengths
Won 2 out of 3 this prep. Moral beaten last start thanks to C. Williams
Will win today and start favorite for the Caulfield Cup next week :thumbsup
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: yellowandback on October 09, 2010, 10:11:06 PM
Put in all on Moudre tomorrow at Caulfield, although its only paying $2.70

moudre? What has it beaten?

Precedance for me.

moudre beat module ( highly rated Lloyd Williams horse) last June by 3 length
Won 2 out of 3 this prep. Moral beaten last start thanks to C. Williams
Will win today and start favorite for the Caulfield Cup next week :thumbsup

and beaten by another (and much better) Lloyd Williams horse today. After much thought, I changed my mind and backed the class horse in the field. He won with something in hand. He might be worth something in the big one although there was another v special horse that ran today. Might win a plate and a cup. :whistle
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: jackstar is back again on October 10, 2010, 07:56:32 AM
Barts horse is a stuff
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: one-eyed on October 19, 2010, 06:34:22 AM
Q. What is the club doing to pay off existing debt?

A. There will be an announcement re: this before the beginning of next season, probably around Feb/March in regards to the theme/naming/thoughts behind it.

It's not Save Our Skins of old or Debt Demoilition from other clubs, it will be something different.

http://www.bigfooty.com/forum/showthread.php?p=19375454#post19375454
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: Owl on October 19, 2010, 08:54:23 AM
The dismantle debt campaign? The Jungle Fiscal Conservatism Campaign? bah im out of ideas
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: yellowandback on October 19, 2010, 09:00:23 AM
The dismantle debt campaign? The Jungle Fiscal Conservatism Campaign? bah im out of ideas


turn to our supporters yet again for money campaign?
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: wayne on October 20, 2010, 01:53:15 PM
Collywood just announced a $14m 7 year sponsorship deal with CGU.  :o

Pricks.
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: Ramps on October 20, 2010, 01:54:54 PM
Collywood just announced a $14m 7 year sponsorship deal with CGU.  :o

Pricks.

7 years is a hell of a long time in sponsorship terms - to long IMHO. Especially if its a major sponsorship.
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: wayne on October 20, 2010, 02:17:14 PM
Collywood just announced a $14m 7 year sponsorship deal with CGU.  :o

Pricks.

7 years is a hell of a long time in sponsorship terms - to long IMHO. Especially if its a major sponsorship.

http://www.collingwoodfc.com.au/newsfeatures/news/newsarticle/tabid/5586/newsid/104288/default.aspx

My bro-in-laws uncle owns PFD foods (he's worth $748m), the Collingwood coaches box sponsor, he apparently would hand over big cheques to the Pies for sponsorship but they'd reject him because it wasn't enough. No idea how much he's paying for his coaches box sponsorship though.
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: mightytiges on October 20, 2010, 10:30:52 PM
Collywood just announced a $14m 7 year sponsorship deal with CGU.  :o

Pricks.

7 years is a hell of a long time in sponsorship terms - to long IMHO. Especially if its a major sponsorship.
Is CGU there only major sponsor now? $2m per year doesn't sound as much as I thought they could get for their whole jumper sponsorship given how Eddie bleats about how much the Pies guernsey is worth and the agreement is signed just after they've just won a premiership. How much in total were idiot Smith and Luxbet paying us? I thought it was around $1.8m or something combined.

ps. I see in the link they've listed the Richards/Dyer trophy as one of their trophies won this year. I guess it's good in one way they still see us as well as Carlton and Essendon as their main rivals. It was only 4 years ago we were unbeaten against all three of the other "Big 4" clubs in one season :-\.
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: WilliamPowell on October 21, 2010, 07:15:23 AM
Collywood just announced a $14m 7 year sponsorship deal with CGU.  :o

Pricks.

7 years is a hell of a long time in sponsorship terms - to long IMHO. Especially if its a major sponsorship.
Is CGU there only major sponsor now? $2m per year doesn't sound as much as I thought they could get for their whole jumper sponsorship given how Eddie bleats about how much the Pies guernsey is worth and the agreement is signed just after they've just won a premiership. How much in total were idiot Smith and Luxbet paying us? I thought it was around $1.8m or something combined.

ps. I see in the link they've listed the Richards/Dyer trophy as one of their trophies won this year. I guess it's good in one way they still see us as well as Carlton and Essendon as their main rivals. It was only 4 years ago we were unbeaten against all three of the other "Big 4" clubs in one season :-\.

No CGU is their joint major sponsrs with Emirates. Emirates is worth another $2 mil to them a year so that's $4mil in total. They have been in negotiations for some time from what I understand. Aussie Home Loans told them back in May/June that they wouldn't be continuing.

I don't think 7 years is too long especially as some clubs can't even crack $2mil for their majors. Remember the Bulldogs deal with Mission Foods is worth $1.5-$1.8mil a year and that's for jumper (back & front) and shorts

As for DS & Luxbet - your number is what I"ve heard too MT.

C'wood get the bigger $$ because they can offer more exposure wise - FTA coverage will do that

I'd be very happy with a 7yr deal for $14mil  
Title: Re: Tigers in cash hunt to service $4m debt (Age)
Post by: mightytiges on October 24, 2010, 08:07:47 PM
Collywood just announced a $14m 7 year sponsorship deal with CGU.  :o

Pricks.

7 years is a hell of a long time in sponsorship terms - to long IMHO. Especially if its a major sponsorship.
Is CGU there only major sponsor now? $2m per year doesn't sound as much as I thought they could get for their whole jumper sponsorship given how Eddie bleats about how much the Pies guernsey is worth and the agreement is signed just after they've just won a premiership. How much in total were idiot Smith and Luxbet paying us? I thought it was around $1.8m or something combined.

ps. I see in the link they've listed the Richards/Dyer trophy as one of their trophies won this year. I guess it's good in one way they still see us as well as Carlton and Essendon as their main rivals. It was only 4 years ago we were unbeaten against all three of the other "Big 4" clubs in one season :-\.

No CGU is their joint major sponsrs with Emirates. Emirates is worth another $2 mil to them a year so that's $4mil in total. They have been in negotiations for some time from what I understand. Aussie Home Loans told them back in May/June that they would be continuing.

I don't think 7 years is too long especially as some clubs can't even crack $2mil for their majors. Remember the Bulldogs deal with Mission Foods is worth $1.5-$1.8mil a year and that's for jumper (back & front) and shorts

As for DS & Luxbet - your number is what I"ve heard too MT.

C'wood get the bigger $$ because they can offer more exposure wise - FTA coverage will do that

I'd be very happy with a 7yr deal for $14mil 
Ta for that WP. We've certainly have fallen a long way behind the Pies over the past decade when in 1999 they were losing $1m a year and we had more members than them. Until we become successful onfield it's going to stay that way too  :-\.