One-Eyed Richmond Forum

Football => Richmond Rant => Topic started by: one-eyed on June 15, 2013, 11:45:37 AM

Title: Gary March on SEN / Club is officially debt free!
Post by: one-eyed on June 15, 2013, 11:45:37 AM
Our Prez will be on SEN shortly.
Title: Re: Gary March on SEN
Post by: tony_montana on June 15, 2013, 12:19:43 PM
Just heard him say we are officially debt free  :cheers
Title: Re: Gary March on SEN
Post by: Phil Mrakov on June 15, 2013, 12:26:50 PM
Just heard him say we are officially debt free  :cheers

Awesome

What's Carlton's debt looking like these days?
Title: Re: Gary March on SEN / Club is offiically debt free!
Post by: one-eyed on June 15, 2013, 12:26:58 PM
Summary

* Pretty important win against Eagles. 5-5 would've been under the pump. 6-4 gives a good platform for the 2nd half.

* No easy games but winnable games in the next 6 weeks. Important today from that perspective and because we're playing a side we're competing against for a top 8 place.

* Development of where the team is at. Slowly becoming a side that plays over 4 quarters. To be a top side need that consistency. Not quite there yet but we are getting there. Eagles game best 4 quarter effort. Play that kind of footy and you will make the finals.

* If we didn't make the finals? If you lose 3 best players to knee injuries then out of coach's control. We expect to play finals though.

* Journey under Dimma - 65 games avg vs Carlton r1 2012; 80 by r1 2013. Now it's up to 90. Should be 100 by end of season. Rewards are now coming from the recruiting efforts over the past 4-5 years.

* Favourite players - Grimes. Admired the way he goes about his footy; Lids - matured as a leader, wasn't sure he would become that but he has. Thinks he gets bagged unfairly. Has won us games. Unfairly criticized about not breaking a tag as the media doesn't understand his role which may be a run with role or some specific role. Gets hardly marked does Brett.

* Dusty - developing as he becomes an adult; game developing as well as his tank improves and the defensive side of his game is improving ( 6 tackles against Eagles and marked Priddis well).

* Feel for McLardy as he's been there himself. Unity is No.1 in any football club. Prez and 8 other board members need to be unified and then right through the CEO and rest of the football club.

* Prez need heart and soul in the direction of the footy club. March says he's now the most dispassionate person on gameday but he care about the direction of where we are heading as a club.

* Stepping down at the end of season (Oct). Last function will be B&F. New Prez will come from board - O'Shannessy, Speed or Dalton. Full board decision.

* Club in good shape. We just had a board meeting and Club is now debt free for first time in 10 years  :thumbsup.

* Flabbergasted by Eddie and Newbolt's comments to give Melbourne $2 million. Already an inflationary in football. What you need instead is good leadership and management. Don't understand how giving out handouts fixes up Melbourne's problem.

* Equalisation with Sydney's salary cap is an issue. Swans forecast to make a loss yet were able to buy a player for $800k. If that was a Melbourne club we would be hauled before the AFL. There's a issue with the expansion clubs and March included Sydney in that.

* 18 clubs isn't too many as long as the game is developed in its entirety (eg: junior development to sustain 18 teams).

* March is going to Cairns to cheer us on.
Title: Re: Gary March on SEN / Club is officially debt free!
Post by: dwaino on June 15, 2013, 12:44:24 PM
Good on you March for telling it like it is. I can't believe Eddie is keen for Melbourne to receive more cash and even suggesting they get to increase their salary cap after he has been moaning for years about Sydney. I didn't give a toss about salary caps in the past because players still needed to be traded, but with free agency everyone must be equal. It's not fair when a situation can occur when club can successfully negotiate pay cuts with players and do everything in every way possible to structure their TPP to keep a marquee player but lose them through restrictive free agency for no other reason than another club is allowed to spend more money.
Title: Re: Gary March on SEN / Club is officially debt free!
Post by: dwaino on June 15, 2013, 12:45:40 PM
Just read the debt free bit  :gotigers does that mean we'll start making considerably more operating profits?
Title: Re: Gary March on SEN
Post by: tony_montana on June 15, 2013, 12:47:05 PM
Just heard him say we are officially debt free  :cheers

Awesome

What's Carlton's debt looking like these days?

big, 5-7 mill, but with the pokie king on board they can comfortably service it and then smash it in a few years
Title: Re: Gary March on SEN
Post by: Phil Mrakov on June 15, 2013, 12:49:36 PM
Just heard him say we are officially debt free  :cheers

Awesome

What's Carlton's debt looking like these days?

big, 5-7 mill, but with the pokie king on board they can comfortably service it and then smash it in a few years

The afl should ban that poo
Title: Re: Gary March on SEN / Club is officially debt free!
Post by: Muscles on June 15, 2013, 02:16:39 PM
Just read the debt free bit  :gotigers does that mean we'll start making considerably more operating profits?

I reckon that they'll spend the spare cash on the football dept, Dwaino
Title: Re: Gary March on SEN / Club is officially debt free!
Post by: dwaino on June 15, 2013, 02:58:42 PM
Just read the debt free bit  :gotigers does that mean we'll start making considerably more operating profits?

I reckon that they'll spend the spare cash on the football dept, Dwaino

Yeah that's all good. I just remember WP banging on with his accountant terms how important it was to wipe off our bottom line. Would be awesome to spend that money on footy and still bank some cash  :cheers
Title: Re: Gary March on SEN / Club is officially debt free!
Post by: Judge Roughneck on June 15, 2013, 03:44:22 PM
They could use houli prayer room for this
Title: Re: Gary March on SEN / Club is officially debt free!
Post by: WilliamPowell on June 15, 2013, 09:28:22 PM
Just read the debt free bit  :gotigers does that mean we'll start making considerably more operating profits?


Debt free means 2 things

1/ no more interest payments and

2/ more cash because you're not paying out the interest or the principal repayments

Impact on profit? Would think and I would hope it won't impact at all (yes I mean nil change in profit) because I would want them to be allocating that saving somewhere else eg increase in footy dept spend

What I mean is if the interest bill (expense) was say $100k a year I would want to see that $100k moved to the footy dept for them to spend. The overall expense is the same just it is being spent somewhere else
Title: Re: Gary March on SEN / Club is officially debt free!
Post by: Hellenic Tiger on June 15, 2013, 10:25:58 PM
That's great news given free agency and the need to increase in the footy department. :thumbsup
Title: Re: Gary March on SEN / Club is officially debt free!
Post by: mightytiges on June 16, 2013, 04:02:47 AM
Still 4.5 months until the end of the financial footy year. If we're already debt free (well done RFC  :clapping ) then presumably our revenues this year are significantly up across the board - eg: memberships, sponsorships, gates etc ...
Title: Re: Gary March on SEN / Club is officially debt free!
Post by: Penelope on June 16, 2013, 08:44:24 AM
Good on you March for telling it like it is. I can't believe Eddie is keen for Melbourne to receive more cash and even suggesting they get to increase their salary cap after he has been moaning for years about Sydney. I didn't give a toss about salary caps in the past because players still needed to be traded, but with free agency everyone must be equal. It's not fair when a situation can occur when club can successfully negotiate pay cuts with players and do everything in every way possible to structure their TPP to keep a marquee player but lose them through restrictive free agency for no other reason than another club is allowed to spend more money.
going off topic a tad, but sydney have a clear advantage over their rivals in terms of free agency bargaining.

Im not sure what their salary cap concession actually is, but for arguments sake lets say it is 10%

that means that in a free agency bidding war they can bid 10% higher than a rival, but in reality it is an equal bid, or should be treated that way, anyways.

It gives them a clear advantage.
Title: Re: Gary March on SEN / Club is officially debt free!
Post by: tony_montana on June 16, 2013, 09:41:54 AM
I think it is 10% al or thereabts, about 800-1mill extra its absolute rubbish
Title: Re: Gary March on SEN / Club is officially debt free!
Post by: RedanTiger on June 16, 2013, 07:15:46 PM
Good on you March for telling it like it is. I can't believe Eddie is keen for Melbourne to receive more cash and even suggesting they get to increase their salary cap after he has been moaning for years about Sydney. I didn't give a toss about salary caps in the past because players still needed to be traded, but with free agency everyone must be equal. It's not fair when a situation can occur when club can successfully negotiate pay cuts with players and do everything in every way possible to structure their TPP to keep a marquee player but lose them through restrictive free agency for no other reason than another club is allowed to spend more money.
going off topic a tad, but sydney have a clear advantage over their rivals in terms of free agency bargaining.

Im not sure what their salary cap concession actually is, but for arguments sake lets say it is 10%

that means that in a free agency bidding war they can bid 10% higher than a rival, but in reality it is an equal bid, or should be treated that way, anyways.

It gives them a clear advantage.

Yeah it's a bit weird really.
As a player you get two offers - One from Richmond for $500K pa, one from Sydney for $550K pa.
Do you really think that they are equal by taking the COL into account (or even slightly against Sydney because the allowance doesn't cover the true difference)?   
Title: Re: Gary March on SEN / Club is officially debt free!
Post by: Penelope on June 16, 2013, 07:47:16 PM
i dont know what the true difference in cost of living actually is, but if the league allow them 10% extra salary cap to cover it they are saying that a 550k wage in sydney is equivalent to a 500k wage in melbourne and therefore that same criteria should also come into play in a free agency bidding war
Title: Re: Gary March on SEN / Club is officially debt free!
Post by: Rampstar on June 16, 2013, 07:53:52 PM
no team which wins the premiership should have enough room to an $800,000 per year player to their list. just that on its own shows that the rules on the salary cap are no good.
Title: Re: Gary March on SEN / Club is officially debt free!
Post by: WilliamPowell on June 16, 2013, 08:39:58 PM
no team which wins the premiership should have enough room to an $800,000 per year player to their list. just that on its own shows that the rules on the salary cap are no good.

In principle I dont' have a problem if the cost of living allowance was only for their rookies ($50k odd + match payments) and lowly paid players (say those on $150-$180k a season) but when it being used for someone like Tippett who's on over $800k a year then that is clearly rorting
Title: Re: Gary March on SEN / Club is officially debt free!
Post by: YellowandBlackBlood on June 16, 2013, 09:33:53 PM
no team which wins the premiership should have enough room to an $800,000 per year player to their list. just that on its own shows that the rules on the salary cap are no good.

In principle I dont' have a problem if the cost of living allowance was only for their rookies ($50k odd + match payments) and lowly paid players (say those on $150-$180k a season) but when it being used for someone like Tippett who's on over $800k a year then that is clearly rorting

Well I do WP. I thought it was ok to help establish the side in Sydney. They have now done that they should no longer get it. All teams should have the same cap or it is unfair and not a level playing field.
They have won 2 premierships in 17 years. More than most teams in the league. They no longer need assistance.
Title: Re: Gary March on SEN / Club is officially debt free!
Post by: Yeahright on June 16, 2013, 09:54:19 PM
If you can't live off 100k a year you're doing something wrong.
Title: Re: Gary March on SEN / Club is officially debt free!
Post by: Willy on June 16, 2013, 11:44:33 PM
Or too much of something right.  :cheers