One-Eyed Richmond Forum
Football => Richmond Rant => Topic started by: one-eyed on September 23, 2011, 02:30:04 PM
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Fighting Fund reduces debt
richmondfc.com.au
Fri 23 Sep, 2011
Richmond Football Club has confirmed it will wipe about $1million off if its debt this financial year thanks to the establishment of the Fighting Tiger Fund.
In keeping with the Club’s plan to split money raised between reducing debt and investing in football, the Club will also invest significantly in meeting football department needs - most notably around the critical upgrade of the Punt Road Oval surface.
When completed, this state-of-the-art surface will support a high-performance program that will ensure no stone is left unturned in the preparation and development of the playing group.
The balance of money pledged to the Fighting Tiger Fund thus far will flow to the Club next year in line with payment terms arranged with some donors.
Read more and the full article at: http://www.richmondfc.com.au/news/newsarticle/tabid/6301/newsid/124017/default.aspx
Benny Gale also says the Club will be announcing new FTF initiatives in the coming weeks so we can reach the $6 million target.
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What will our debt reduce to?
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What will our debt reduce to?
About $3.0-3.5mil
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What will our debt reduce to?
About $3.0-3.5mil
Cheers WP. Plenty of work still to be done then.
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What will our debt reduce to?
About $3.0-3.5mil
Cheers WP. Plenty of work still to be done then.
its a great start though. Next season if we keep on improving our on field performances. I believe more donors will come to out and donate.
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What will our debt reduce to?
About $3.0-3.5mil
Ceratinly heading in the right direction.
WP, is no debt a realisitic aim?
:cheers
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What will our debt reduce to?
About $3.0-3.5mil
Ceratinly heading in the right direction.
WP, is no debt a realisitic aim?
:cheers
Arent you God- You should Know and whilst we're at it can you tell us if all the duds on our list that we all want delisted will get delisted and can you tell us when we will win our next flag and also can you tell us if your a democratic socialist who votes for Gillard Labor coz if you do then I will have real concerns that you are indeed in the know! ;D
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What will our debt reduce to?
About $3.0-3.5mil
Ceratinly heading in the right direction.
WP, is no debt a realisitic aim?
:cheers
Arent you God- You should Know and whilst we're at it can you tell us if all the duds on our list that we all want delisted will get delisted and can you tell us when we will win our next flag and also can you tell us if your a democratic socialist who votes for Gillard Labor coz if you do then I will have real concerns that you are indeed in the know! ;D
God isn't registered to vote.
:thumbsup
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Well done RFC and everyone whose given to the FTF :thumbsup
A bonus is this should also save us some money in loan repayments which can be put to better use in the Club.
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whatever it saves in repayments should be split half debt reduction and half football, just like the fund itself.
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1 million dollars is FA in this day and age. If we're true to form we'll sign Hardwick up for 3 more years soon and sack him halfway through next year with a million dollar payout.
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WP, is no debt a realisitic aim?
I think you'd be hard pressed to find any club that doesn't have some sort of short term debt (eg bank overdraft) during the course of a season just like most businesses that turn over $30+ mil a year
But yes I think getting rid of $4.5mil (soon to be $3.5) loan is a realistic aim and should be achieved. You'd then operate the business on a simply low bank overdraft system if it is required.
Having said IMV unless we achieve the balance of FTF target of $6mil in total during 2012 then I cannot see it being achieved until 2013.
BTW the savings on interest alone is going to free up cash so there's an opportnity right there to use that saving to repay debt outside of payments coming from the FTF. And to be honest that is what I would earmark that cash saving for
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whatever it saves in repayments should be split half debt reduction and half football, just like the fund itself.
Nah don't agree al, as I just posted the stingy accountant in me would earmark those cash savings to go straight to debt reduction ;D
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interesting that the club wouldnt accept a "'donation"" from an Ex Sponsor of $2m , although it had conditions ;)
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interesting that the club wouldnt accept a "'donation"" from an Ex Sponsor of $2m , although it had conditions ;)
Common Jacko spill your guts. Thats one hell of an allegation.
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do tell ;)
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you will have to PM
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Well if it was an ex-major sponsor then that would likely mean either Motorola or the T.A.C.?
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what about esso?
or tetley?
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Tetley Tigers! ;D
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What about Alan Bond. What would he want back at Punt Road. :rollin :lol :rollin
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Take your pick Jack :whistle
CUB
Tetley
Esso
Bond :-X
TAC (nup)
Motorola (nup)
AFG
idiot Smith (they are still a lower level sponsor)
Luxbet (they are stil a lower level sponsor)
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nah
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nah
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nah
Not an ex-major sponsor then.
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No, although they were a sponsor who had signs around Punt Road
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Go all in, JJ.
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interesting that the club wouldnt accept a "'donation"" from an Ex Sponsor of $2m , although it had conditions ;)
You are a moll. Full stop. End of story. You have good but are too obsessed with evil for the good to add anything of value.
I have a genuine dislike of supporters who vent at the club to compensate for their own
Pathetic existence.
If embarrasses them and has no impact on the clubs reputation.
Understand this Jack.
Your opinion is fraudulent.
You are a fraud, at best you are mischievous.
Stop riddling this forum with juvenile rantings.
It's effectively graffiti.
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well its the truth.
Ask Brendan Gale that we knocked back a donation from a ex sponsor that had conditions attached, fact.
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hey instead of you supporters attending suppporters forum nights etc and asking weak questions like eg Why did we rookie Hislop etc ::) ::), why dont you ask some real questions.
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Yep, because the club would really answer those type of questions. FFS, you know they mostly feed us BS.
Just go all in mate. You either go all in or you eff off.
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Yep, because the club would really answer those type of questions. FFS, you know they mostly feed us BS.
Just go all in mate. You either go all in or you eff off.
Check you PM
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hey instead of you supporters attending suppporters forum nights etc and asking weak questions like eg Why did we rookie Hislop etc ::) ::), why dont you ask some real questions.
Some of us actually turned up and did ask some "real" questions that were hardly popular ;). Nothing stopped you Jack from going and asking questions yourself.
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Read by PM.
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well its the truth.
Ask Brendan Gale that we knocked back a donation from a ex sponsor that had conditions attached, fact.
Gee you are pathetic sometimes and you wonder why people get annoyed at you and pot you :banghead :banghead
Some positive decent news and you turn it into one of your snipes at the club.
Too be honest if your innuendo is true then the Club was 100% correct in refusing money that had conditions to it no matter how much it was. Everyone was well aware of what the FTF was for, what the $$$ are to used for so for someone or company to think their money is more important than anyone else that they can demand conditions is nothing short of a disgrace. We dont need their $$$
And TBBH it says more about them than it does the club
WOuld suggest this former "sponsor" have a look at the late Mr Mandie and his family and how they went about supporting the RFC, no conditions just a great passion and unconditional love for this Club.
They are the type people we need at the RFC not self serving ego manics with hidden & personal agendas
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stuffed if I know who the stuffing morons are who keep telling you stuff Jackstar. Most people know who you actually are so I suppose if people do still trust you with information then its proof that the club really doesn't read internet forums. Except RFCO who does seem to know how to keep things to himself.
Perhaps you inhabit a few wheelie bins?
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stuffed if I know who the stuffing morons are who keep telling you stuff Jackstar. Most people know who you actually are so I suppose if people do still trust you with information then its proof that the club really doesn't read internet forums. Except RFCO who does seem to know how to keep things to himself.
Perhaps you inhabit a few wheelie bins?
Well I know of someone who once told Jack something and then was absolutely mortified and disgusted that it ended up on here .... FACT ;) ;D
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$2 million bucks for what Jacko reckons was asked for wasnt a big deal IMHO and the club should have taken the cash. I dont know if there were other conditions but if it was just the one Jacko reckons then the club made a mistake IMHO. $2 million bucks is $2 million bucks and the fund would be close to $5 million now if we had taken it.
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interesting that the club wouldnt accept a "'donation"" from an Ex Sponsor of $2m , although it had conditions ;)
I have heard about this donation and the conditions attached. IMHO Gale was correct in not accepting the conditions. You really should not be raising this on a public forum. Why do you go out of your way to cause problems for the club? If you think the conditions are acceptable, I would question your morals or lack of in this case.
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stuffed if I know who the stuffing morons are who keep telling you stuff Jackstar. Most people know who you actually are so I suppose if people do still trust you with information then its proof that the club really doesn't read internet forums. Except RFCO who does seem to know how to keep things to himself.
Perhaps you inhabit a few wheelie bins?
Well I know of someone who once told Jack something and then was absolutely mortified and disgusted that it ended up on here .... FACT ;) ;D
Big deal, get over it ::)
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stuff off idiot.
Why dont u stfu!
Laggig do gooder.
Well done Jak
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interesting that the club wouldnt accept a "'donation"" from an Ex Sponsor of $2m , although it had conditions ;)
I have heard about this donation and the conditions attached. IMHO Gale was correct in not accepting the conditions. You really should not be raising this on a public forum. Why do you go out of your way to cause problems for the club? If you think the conditions are acceptable, I would question your morals or lack of in this case.
Why would Brendan be right in not accepting ?
I am really interested in your thoughts, considering we are selling home games to "' cash in "'
I would think the conditions involved with the donation wasnt that a concern
Considering some of the ""dead wood "' we have on the board. Might have been a good injection of ideas and cash to the club
::) ::)
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stuff off idiot.
Why dont u stfu!
Laggig do gooder.
Well done Jak
Thanks Brackets.
Interesting this forum, lets dont post things on here when the club makes decisions that mighten be the right decision, lets all be quiet and say nothing.
On the football side I things, if they sign up Daniel Jackson again they are more deluded soles that I thought they were
Edit: edited quote
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interesting that the club wouldnt accept a "'donation"" from an Ex Sponsor of $2m , although it had conditions ;)
I have heard about this donation and the conditions attached. IMHO Gale was correct in not accepting the conditions. You really should not be raising this on a public forum. Why do you go out of your way to cause problems for the club? If you think the conditions are acceptable, I would question your morals or lack of in this case.
Why question peoples morals. We were offered 2 million dollars for what seems to be a quite reasonable request. We should have taken the money IMHO.
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I have to laugh, posters on here complain about not getting value for money with the membership.
Club always keen to accept the supporters money which is hard earned ::)
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Interesting this forum, lets dont post things on here when the club makes decisions that mighten be the right decision, lets all be quiet and say nothing.
On the football side I things, if they sign up Daniel Jackson again they are more deluded soles that I thought they were
You analogies as always a re flawed and you are being hypocritical
Your really don't get it do you.. are you that clueless when it comes to running a business and am not talking about being a manager at a business I am talking about the running a business where the buck stops with you and you are bound by laws
"decisions that mighten be right" What the.... who are you to judge? Seriously? That's why companies have boards to make decisions. If you don't like them then you are are free to stand for the board at an election and let your peers decide if you are a better person....
$2 million bucks for what Jacko reckons was asked for wasnt a big deal IMHO and the club should have taken the cash. I dont know if there were other conditions but if it was just the one Jacko reckons then the club made a mistake IMHO. $2 million bucks is $2 million bucks and the fund would be close to $5 million now if we had taken it.
Flags you are assuming what Jack has told you is 100% correct/accurate ....
Even if it is I will repeat the Club was 100% correct in not accepting this donation with strings attached....trust me ;) and let me do Jack if you want to know why PM me ;D
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what i posted was correct, end of story
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:lol
If the club had accepted the money with conditions stipulated then jacko would be on here whining about how the club sold out and will do anything for money.
LMAO at an attention whore complaining that the club wont whore itself out.
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we have "'sold out "' anyway you clowns
We sell home games last time I looked,
You people just dont get it,
Do you get 11 homes games a year ???
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Why would Brendan be right in not accepting ?
I am really interested in your thoughts, considering we are selling home games to "' cash in "'
I would think the conditions involved with the donation wasnt that a concern
Considering some of the ""dead wood "' we have on the board. Might have been a good injection of ideas and cash to the club
::) ::)
You really have no idea....perhaps it was simply rejected because it is ethically wrong to accept it.
SO are you saying if I win Lotto tonight, go and see Brendan on MOnday and say here's a cheque for the FTF of say $1mil but you can only have it if you agree to my list of conditions he should take it ::)
As it I said it would say more about me and my loyalty to the RFC than the Club
As for a "good injection of ideas" :rollin :rollin
:rollin
what i posted was correct, end of story
What you posted was pathetic because it was another snipe for the sake of it
End of story
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i dont know what the big deal is jack was posting what has happened and to be honest i think he has a point.
Us supporters are told to continually dig deep into our pocket when times a tough yet if true they knocked back an offer of that amount well thats just crazy.
What were the conditions because if it involved March and a few others it would've certainly beeen worthwhile because that blokes time his done, time for a fresh face at the top.
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I like Jack and appreciate his posts. :thumbsup
While Jack is around I have some chance of flying under the radar. :lol
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interesting that the club wouldnt accept a "'donation"" from an Ex Sponsor of $2m , although it had conditions ;)
I have heard about this donation and the conditions attached. IMHO Gale was correct in not accepting the conditions. You really should not be raising this on a public forum. Why do you go out of your way to cause problems for the club? If you think the conditions are acceptable, I would question your morals or lack of in this case.
Why would Brendan be right in not accepting ?
I am really interested in your thoughts, considering we are selling home games to "' cash in "'
I would think the conditions involved with the donation wasnt that a concern
Considering some of the ""dead wood "' we have on the board. Might have been a good injection of ideas and cash to the club
::) ::)
First of all, it was wrong of me to question your morals ... I apologise for that comment. Yes it is a good thing to have an "injection of ideas and cash to the club", however there is a right way and a wrong way to do business. Ethically, this deal is wrong - its not good practice to "burn" people. Clubs are about people and their supporters. Clubs should be run by the elected board and CEO, not the sponsors.
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i dont know what the big deal is jack was posting what has happened and to be honest i think he has a point.
Us supporters are told to continually dig deep into our pocket when times a tough yet if true they knocked back an offer of that amount well thats just crazy.
What were the conditions because if it involved March and a few others it would've certainly beeen worthwhile because that blokes time his done, time for a fresh face at the top.
without knowing the conditions it's crazy not to accept?
I hope I win lotto so I can head down to the club on Monday offer Benny a cheque and my list of conditions and tell him he is crazy not accept because it is $2mil for crying out loud
Let's see my conditions.... :whistle
1. Got change the jumper; get rid of the yellow sash put a pic of a tiger head on the jumper instead but the pic needs to be the tiger of the Kelloggs Frosty Flakes packet
2. Re-name the Jack Dyer Medal the "The Golden Turnup aka The Johnny Manton Medal"
3. Oh and Benny would have to resign ..why? Why not ;D
That's not unreasonable for $2mil is it :help :help
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I have to laugh, posters on here complain about not getting value for money with the membership.
Club always keen to accept the supporters money which is hard earned ::)
Not any more!
They screwed me once too often!
Finito!
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Yes it is a good thing to have an "injection of ideas and cash to the club", however there is a right way and a wrong way to do business. Ethically, this deal is wrong - its not good practice to "burn" people. Clubs are about people and their supporters. Clubs should be run by the elected board and CEO, not the sponsors.
spot on 100%
:clapping :clapping
:cheers :bow
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Devils advocate.
Jeanie Pratt and the Blues seem to have it right
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Devils advocate.
Jeanie Pratt and the Blues seem to have it right
Devils advocate???
The way you are treated I thought you were the Devil.
:lol :lol
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also Freo seem to be cashed up by having people on the board from there Mining Sponsors eg Paying huge bucks for Lyon and paying out Harveys contract. etc
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just maybe we havent got it right at Punt Road. think about it
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Devils advocate.
Jeanie Pratt and the Blues seem to have it right
have they
The BLues want the pratt money and will dance with the devil or anything else to keep it. If that's the way they do business it doesn't make it right
Though I will say jeanie Pratt is a very smart business person so she would be an asset
also Freo seem to be cashed up by having people on the board from there Mining Sponsors eg Paying huge bucks for Lyon and paying out Harveys contract. etc
Bad example Freo have the integrity and morals of a dead cow after the last fortnight ;D That's why Ross Lyon will fit right in
just maybe we havent got it right at Punt Road. think about it
there are certainly things that are wrong but in this making a decisions that is ethically sound is the right thing
And BTW my devil's advocate:
Where does it stop? Say you take the offer this time, what happens the next time? What if you give someone what they want this time what stops from demanding things all the time... a bit like being held to ransom isn't it?
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there are certainly things that are wrong but in this making a decisions that is ethically sound is the right thing
Shame they couldn't have been ethical in their GF guarantee!
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yes the GF guarantee . mmmmmmmmm
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yes the GF guarantee . mmmmmmmmm
Ppl have supported this club for years through thick and thin and then they do something like that to show just what they think of their loyalty
They can stick their ethics right up their you know what
Laughable what WP just said about Carlton dancing with the devil
Richmond would tango with Osama if it meant it could rip off supporters and make more money
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stuff off idiot.
Why dont u stfu!
Laggig do gooder.
Well done Jak
Lmao, call someone a lagger then congratulate the BIGGEST lagger on this forum :scream
Edit: edited quote
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If people want to play games do the deal and reverse the decision.
Can't play the moral cowboy both ways.
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Ppl have supported this club for years through thick and thin and then they do something like that to show just what they think of their loyalty
They can stick their ethics right up their you know what
Laughable what WP just said about Carlton dancing with the devil
Richmond would tango with Osama if it meant it could rip off supporters and make more money
FNM I agree with you about the GF Guarantee debacle. What they did to people with that was terrible. But it is one of the problems when you have a change in all areas of management. Decisions get made to implement changes in alot of areas eg membership & coterie that may impact unfairly on members. I think the way the did it was what was the most disppointing and I think the Club has suffered for it
But from where I sit this alledged "bribe" for want of a better word is a different beast IMHO as I don't view as ripping off supporters. This is about being a good corporate citizen in the business world
And I reckon a few years ago you may have been right about the club "dancing with Osama" but things are different now as I don't believe Beeny Gale does business that way and that IMHO is bloody good thing
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depends what the conditions were - 2 million is a lot of money and brings is very close to our goal.
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Apparently one was too bring Jackstar back as the director of recruiting
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I understand that afew on here reckon that the club did the right thing but AFL footy is dog eat dog and because of that and our circumstances we should have taken the money. Money talks and rubbish ... We should have taken the $2 million IMHO.
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we were a "dog eat dog club " during the 70,s etc.
Now, who knows
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I understand that afew on here reckon that the club did the right thing but AFL footy is dog eat dog and because of that and our circumstances we should have taken the money. Money talks and rubbish ... We should have taken the $2 million IMHO.
Disagree
So you are you saying we should've taken the money at any cost?
As I asked and no ones bothered to answer. Where do you draw the line? You do it this time then you do it everytime and then you get the lunatics running the asylum
And btw in a "dog it dog world" to succeed it really at times it depends on what sort of dog we're talking about. ;D
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just maybe we havent got it right at Punt Road. think about it
Hardwick is stuffen hopeless.
Was supposed to bring a hardness to the club.
L M A O !
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The way I see it is that a donation is monetary gift given to yo with no strings attatched . Therefore you are not obliged to provide a favour or favours for it. Nor are we obliged to do something a certain way or another way so that the ends justify the means.
Many of us have mortgages, we wouldn't accept them being paid off for us if it meant our domestic life at home would be run by an external person or peoples merely because they are lifting a burden off our shoulders. That's not what a donation or gift is. You wouldn't give money to the Royal Children's Hospital Appeal and then say to the Hospital that they can only deal with patients in this way or that way when the paediatricians know best.......
I say kudos to the club for standing their ground. This to me shows that the club has a plan and whether it be right or wrong and at this point in time lets be honest we don't have the answers but they have their plans and they will stick to it and not allow anybody or anything to compromise their principles.
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I understand that afew on here reckon that the club did the right thing but AFL footy is dog eat dog and because of that and our circumstances we should have taken the money. Money talks and rubbish ... We should have taken the $2 million IMHO.
Disagree
So you are you saying we should've taken the money at any cost?
As I asked and no ones bothered to answer. Where do you draw the line? You do it this time then you do it everytime and then you get the lunatics running the asylum
And btw in a "dog it dog world" to succeed it really at times it depends on what sort of dog we're talking about. ;D
Whether you take the money or not is dependent upon what is requested. In this instance, if Jackos info was correct then I would think taking the $2 million would have been worth it.
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Whether you take the money or not is dependent upon what is requested. In this instance, if Jackos info was correct then I would think taking the $2 million would have been worth it.
That's where we disagree. No disresepct Flagman but you seem to be looking a one small piece of the request and not the entire request. You are seeing the money and not the collateral that would come with the money... I consider the collateral to not be worth $2 mil
The way I see it is that a donation is monetary gift given to yo with no strings attatched . Therefore you are not obliged to provide a favour or favours for it. Nor are we obliged to do something a certain way or another way so that the ends justify the means.
Many of us have mortgages, we wouldn't accept them being paid off for us if it meant our domestic life at home would be run by an external person or peoples merely because they are lifting a burden off our shoulders. That's not what a donation or gift is. You wouldn't give money to the Royal Children's Hospital Appeal and then say to the Hospital that they can only deal with patients in this way or that way when the paediatricians know best.......
I say kudos to the club for standing their ground. This to me shows that the club has a plan and whether it be right or wrong and at this point in time lets be honest we don't have the answers but they have their plans and they will stick to it and not allow anybody or anything to compromise their principles.
:clapping :clapping :clapping excellent post tucker
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Is there more to the requests made than what we already know?
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Is there more to the requests made than what we already know?
What do we know? All Jack said was there were strings attached
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Is there more to the requests made than what we already know?
What do we know - All Jack said was there were strings attached
In the world of OER - we dont know anything, we just discuss possibilities ;D
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Is there more to the requests made than what we already know?
What do we know - All Jack said was there were strings attached
In the world of OER - we dont know anything, we just discuss possibilities ;D
So true :rollin
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Ive got an idea where jack is coming from, was the 2mn the remaining proceeds from the Great Bookie robbery, i understand their was some tiger supporters involved at the time:shh
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Ppl have supported this club for years through thick and thin and then they do something like that to show just what they think of their loyalty
They can stick their ethics right up their you know what
Laughable what WP just said about Carlton dancing with the devil
Richmond would tango with Osama if it meant it could rip off supporters and make more money
FNM I agree with you about the GF Guarantee debacle. What they did to people with that was terrible. But it is one of the problems when you have a change in all areas of management. Decisions get made to implement changes in alot of areas eg membership & coterie that may impact unfairly on members. I think the way the did it was what was the most disppointing and I think the Club has suffered for it
But from where I sit this alledged "bribe" for want of a better word is a different beast IMHO as I don't view as ripping off supporters. This is about being a good corporate citizen in the business world
And I reckon a few years ago you may have been right about the club "dancing with Osama" but things are different now as I don't believe Beeny Gale does business that way and that IMHO is bloody good thing
Just sick of them WP.
You know, if they had actually produced something in the last 30 years worth shoving it in your face you might say, hey, bad luck FNM
But they've been abysmal in nearly every aspect and you'd think they'd be going that little bit extra to hold on to those that have stuck with them instead of doing that.
I'll be watching our next GF on Foxtel :thumbsup
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I'll be watching our next GF on Foxtel :thumbsup
What on delay? ;D
For the live GF - it's Ch 7 ;D
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I'll be watching our next GF on Foxtel :thumbsup
What on delay? ;D
For the live GF - it's Ch 7 ;D
Oh yeah, that as well lol :thumbsup
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In the world of OER - we dont know anything, we just discuss possibilities ;D
;D
In the world of OER - we know everything, we just discuss possibilities ;D
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In the world of OER - we dont know anything, we just discuss possibilities ;D
;D
In the world of OER - we know everything, we just discuss possibilities ;D
Even if thats confusing - that is also true ;D :cheers