One-Eyed Richmond Forum

Football => Richmond Rant => Topic started by: Jackstar 1960 on October 13, 2016, 07:39:24 PM

Title: Operating Loss at Punt Rd for 2016
Post by: Jackstar 1960 on October 13, 2016, 07:39:24 PM
Batten down the hatches
RFC will announce operating loss
Rumored to be approx $2m
Let's see what creative accounting occurs here
Title: Re: Operating Loss at Punt Rd for 2016
Post by: WA Tiger on October 13, 2016, 07:42:23 PM
Just add it to the other losses.
Title: Re: Operating Loss at Punt Rd for 2016
Post by: Francois Jackson on October 13, 2016, 08:01:19 PM
but yeah i wouldnt want to sack hartley or dimwit aye board.

next year will be more

Title: Re: Operating Loss at Punt Rd for 2016
Post by: Go Richo 12 on October 13, 2016, 08:15:35 PM
Another honourable loss.
Title: Re: Operating Loss at Punt Rd for 2016
Post by: The Machine on October 13, 2016, 08:21:31 PM
Was told we will make a modest profit.
Title: Re: Operating Loss at Punt Rd for 2016
Post by: YellowandBlackBlood on October 13, 2016, 08:22:17 PM
Another loss by Hardwick!

How many losses are we going allow this guy to have?  :banghead

Sack him now!
Title: Re: Operating Loss at Punt Rd for 2016
Post by: dwaino on October 13, 2016, 08:26:28 PM
Another loss by Hardwick!

How many losses are we going allow this guy to have?  :banghead

Sack him now!

Clearly Balme's fault!!!111111111!!!11eineinuno
Title: Re: Operating Loss at Punt Rd for 2016
Post by: Dougeytherichmondfan on October 13, 2016, 08:35:54 PM
If this turns out to be the case, it should finish the board.

Their entire mantra was premised upon being a solid financial position despite on field performances being poor.

Complete failure.
Title: Re: Operating Loss at Punt Rd for 2016
Post by: Stalin on October 13, 2016, 08:51:16 PM
Sack penny, Benny, Dimma, Betamax
Title: Re: Operating Loss at Punt Rd for 2016
Post by: (•))(©™ on October 13, 2016, 08:54:06 PM
Here's an example of poo management across the board.

ME Bank logo still surrounds Punt rd despite pulling their s'ship 6 months ago.

What sort of rabble is this mob?
Title: Re: Operating Loss at Punt Rd for 2016
Post by: Stalin on October 13, 2016, 08:55:21 PM
Embarrassing.

75000 members and cannot make a buck


Maybe saints and doggies will throw us some dollars
#equalization.
Title: Re: Operating Loss at Punt Rd for 2016
Post by: (•))(©™ on October 13, 2016, 09:22:56 PM
Was told we will make a modest profit.

And you believed them?

This board will be strongly challenged by the Malvern group and if smart enough, will,have out-accounted them in their preparation.

New board needed for the season start to ensure hardwick will be sacked before the halfway mark.
Title: Re: Operating Loss at Punt Rd for 2016
Post by: tony_montana on October 13, 2016, 09:27:57 PM
hilarious- my word there is some poo that comes out of punt road
Title: Re: Operating Loss at Punt Rd for 2016
Post by: The Machine on October 13, 2016, 09:41:16 PM
Was told we will make a modest profit.

And you believed them?

This board will be strongly challenged by the Malvern group and if smart enough, will,have out-accounted them in their preparation.

New board needed for the season start to ensure hardwick will be sacked before the halfway mark.



Yes i do ;)
Title: Re: Operating Loss at Punt Rd for 2016
Post by: WilliamPowell on October 13, 2016, 09:46:30 PM
Batten down the hatches
RFC will announce operating loss
Rumored to be approx $2m
Let's see what creative accounting occurs here

This has been in the media for weeks

And your number is wrong. Loss yes that big no but nice try

And please spare me with the creative accounting rubbish. That's typical of people who want to scare monger. Accounts are prepared under law ... nothing creative about it

Ox, re ME bank - sponsorship ended 12 months ago

How we can make a loss, easily

No replacement for ME bank sponsorship

Crowds down on budget

Merch sales down on budget

Event revenues down pn budget

It aint rocket science
Title: Re: Operating Loss at Punt Rd for 2016
Post by: (•))(©™ on October 13, 2016, 09:53:53 PM
Batten down the hatches
RFC will announce operating loss
Rumored to be approx $2m
Let's see what creative accounting occurs here

This has been in the media for weeks


Ox, re ME bank - sponsorship ended 12 months ago -   EVEN BETTER!!

How we can make a loss, easily

No replacement for ME bank sponsorship - Peggy, Benny, Dimmer

Crowds down on budget - Dimmer

Merch sales down on budget - deluded/creative financial projection

Event revenues down on budget - Peggy Benny

It aint rocket science

You're right, Willy - It ain't.
Title: Re: Operating Loss at Punt Rd for 2016
Post by: Francois Jackson on October 13, 2016, 10:03:07 PM
so let me get this right, ME bank is getting free advertisement on one of the busiest roads in Melbourne?

Well done Peggy Sue and Gail you incompetent fools.

Title: Re: Operating Loss at Punt Rd for 2016
Post by: Hard Roar Tiger on October 13, 2016, 10:21:30 PM
Batten down the hatches
RFC will announce operating loss
Rumored to be approx $2m
Let's see what creative accounting occurs here

This has been in the media for weeks

And your number is wrong. Loss yes that big no but nice try

And please spare me with the creative accounting rubbish. That's typical of people who want to scare monger. Accounts are prepared under law ... nothing creative about it

Ox, re ME bank - sponsorship ended 12 months ago

How we can make a loss, easily

No replacement for ME bank sponsorship

Crowds down on budget

Merch sales down on budget

Event revenues down pn budget

It aint rocket science

And yet Collingwood will make plenty this year despite a 3rd consecutive finish outside the top 8. I guess that's the equivalent of rocket science
Title: Re: Operating Loss at Punt Rd for 2016
Post by: (•))(©™ on October 13, 2016, 10:27:10 PM
so let me get this right, ME bank is getting free advertisement on one of the busiest roads in Melbourne?

Well done Peggy Sue and Gail you incompetent fools.

Yeh.

It's stuffen unheard of.
Title: Re: Operating Loss at Punt Rd for 2016
Post by: (•))(©™ on October 13, 2016, 10:33:20 PM
They left it up because "It looks professional".
Title: Re: Operating Loss at Punt Rd for 2016
Post by: Jackstar 1960 on October 13, 2016, 10:41:18 PM
Batten down the hatches
RFC will announce operating loss
Rumored to be approx $2m
Let's see what creative accounting occurs here

This has been in the media for weeks

And your number is wrong. Loss yes that big no but nice try

And please spare me with the creative accounting rubbish. That's typical of people who want to scare monger. Accounts are prepared under law ... nothing creative about it

Ox, re ME bank - sponsorship ended 12 months ago

How we can make a loss, easily

No replacement for ME bank sponsorship

Crowds down on budget

Merch sales down on budget

Event revenues down pn budget

It aint rocket science

I just googled it
Nah no mention in the media WP
Was told there ain't much change out of $2m
Title: Re: Operating Loss at Punt Rd for 2016
Post by: (•))(©™ on October 13, 2016, 10:56:35 PM
(https://s12.postimg.org/kydbs5g4t/image.jpg)

For posterity.
Title: Re: Operating Loss at Punt Rd for 2016
Post by: WilliamPowell on October 13, 2016, 11:03:45 PM

I just googled it
Nah no mention in the media WP
Was told there ain't much change out of $2m

In the last 3 weeks its been reported in the Age twice

The australian once

And good old Dr Hiscock in his sook piece last week in the HUN said it

The number ive heard is less


And yet Collingwood will make plenty this year despite a 3rd consecutive finish outside the top 8. I guess that's the equivalent of rocket science

Firstly i never said it was acceptable all i said it was easy explained

Now onto the pies. Would think thats pretty obvious as well

Larger sponsorship deals than us (refer thread from weeks ago that had many up in arms)

Greater revenues from coteries

Better revenue deal with the MCG than we have.

More outside revenue streams than us read more pokie revenue

So you are roght it's not rocket science
Title: Re: Operating Loss at Punt Rd for 2016
Post by: dwaino on October 13, 2016, 11:05:15 PM
Just wondering if we should start employing rocket scientists?
Title: Re: Operating Loss at Punt Rd for 2016
Post by: WilliamPowell on October 13, 2016, 11:08:56 PM
Just wondering if we should start employing rocket scientists?

 :lol

I just fond extraordinary that people are apparently so shocked by this news considering our season
Title: Re: Operating Loss at Punt Rd for 2016
Post by: (•))(©™ on October 13, 2016, 11:33:07 PM
Not shocked.
More revelling in their imminent demise.
Title: Re: Operating Loss at Punt Rd for 2016
Post by: Francois Jackson on October 14, 2016, 06:36:17 AM
Just wondering if we should start employing rocket scientists?

 :lol

I just fond extraordinary that people are apparently so shocked by this news considering our season

Ooh please.. the shock isn't the loss as that was guaranteed with this cow in charge. It's  the figure of 2 mil, which I doubt is accurate IMO.

Without knowing what bombers loss was of years gone by I find it hard to believe we are at that level. 

My guess is a half a mil loss

Title: Re: Operating Loss at Punt Rd for 2016
Post by: Stalin on October 14, 2016, 08:14:27 AM
Sack the bums
Title: Re: Operating Loss at Punt Rd for 2016
Post by: WA Tiger on October 14, 2016, 08:20:34 AM
Sack the bums

Gee I thought you might be sleeping in, it's taken a while this morning... ;D
Title: Re: Operating Loss at Punt Rd for 2016
Post by: Harry on October 14, 2016, 08:55:17 AM
Another honourable loss.

 :snidegrin
Title: Re: Operating Loss at Punt Rd for 2016
Post by: Harry on October 14, 2016, 09:01:25 AM
Is it too late to bring back hiscock.

Benny Fail and Peggy O'No are out of their depths and people and the media that defend them have little idea.  Without the supporters reaching into their pockets this board has done nothing.
Title: Re: Operating Loss at Punt Rd for 2016
Post by: Hard Roar Tiger on October 14, 2016, 12:44:41 PM

I just googled it
Nah no mention in the media WP
Was told there ain't much change out of $2m

In the last 3 weeks its been reported in the Age twice

The australian once

And good old Dr Hiscock in his sook piece last week in the HUN said it

The number ive heard is less


And yet Collingwood will make plenty this year despite a 3rd consecutive finish outside the top 8. I guess that's the equivalent of rocket science

Firstly i never said it was acceptable all i said it was easy explained

Now onto the pies. Would think thats pretty obvious as well

Larger sponsorship deals than us (refer thread from weeks ago that had many up in arms)

Greater revenues from coteries

Better revenue deal with the MCG than we have.

More outside revenue streams than us read more pokie revenue

So you are roght it's not rocket science

So, whose accountable for finding alternative revenue?
If we assume that supporters are largely accountable for membership revenue - what impact does anyone at Richmond have for everything else?
At its most basic level, to have a worse deal than Collingwood on the stadium deal is ridiculous - our attendances are at least on a par with theirs over the last 4 years.
Again, it begs the question - what is their long term vision in this area and what exactly are they accountable to deliver to the members.
And finally, what is worse, a current  board that has no idea what it is doing and is both unaccountable and complacent or a potential board that has no idea what it's doing but actually gives a poo?
Title: Re: Operating Loss at Punt Rd for 2016
Post by: (•))(©™ on October 14, 2016, 12:50:13 PM
What I'd like to know is, how can replacing O'neal, Gale and Hardwick put us in any worse a position?

Anyone??

Seems they've got the majority believing otherwise.
Title: Re: Operating Loss at Punt Rd for 2016
Post by: Harry on October 14, 2016, 12:56:30 PM
What I'd like to know is, how can replacing O'neal, Gale and Hardwick put us in any worse a position?

Anyone??

Seems they've got the majority believing otherwise.

Oh no Ox, we can't have that.  We'd have chaos, with people rioting and looting and burning down punt road.  We need stability.
Title: Re: Operating Loss at Punt Rd for 2016
Post by: big tone on October 14, 2016, 01:10:04 PM
We sound like a very fragile organisation.
Regardless of our year on field, we had over 70,000 members. That will go down in 2017 as some people have had enough of the clubs incompetence.
Why do we except a board that cannot keep up with the Coolingwoods of this world?? It's not that we are just a little off the pace, it's seems miles off.

So with our side failing this year combined with us losing money,  why isn't their more change at the club?
We sign the same players, sign the same coach and the board basically stays the same.

Madness!!
Title: Re: Operating Loss at Punt Rd for 2016
Post by: WilliamPowell on October 14, 2016, 01:25:31 PM
Would also need to know costs incurred for the set up of the new fitness club venture down in Beaconsfield
Title: Re: Operating Loss at Punt Rd for 2016
Post by: torch on October 14, 2016, 04:52:42 PM
Batten down the hatches
RFC will announce operating loss
Rumored to be approx $2m
Let's see what creative accounting occurs here

$2 million? how
Title: Re: Operating Loss at Punt Rd for 2016
Post by: Hard Roar Tiger on October 14, 2016, 08:42:52 PM
Would also need to know costs incurred for the set up of the new fitness club venture down in Beaconsfield

A high margin business not
Title: Re: Operating Loss at Punt Rd for 2016
Post by: cub on October 14, 2016, 08:46:29 PM
This is poohouse
Title: Re: Operating Loss at Punt Rd for 2016
Post by: Harry on October 14, 2016, 08:54:47 PM
So we are giving free advertising to ME Bank?  That's nice of us.
Title: Re: Operating Loss at Punt Rd for 2016
Post by: Diocletian on October 14, 2016, 09:35:21 PM
We're a community-minded club.... :gotigers
Title: Re: Operating Loss at Punt Rd for 2016
Post by: Hard Roar Tiger on October 15, 2016, 06:25:17 AM
Is it too late to bring back hiscock.

Benny Fail and Peggy O'No are out of their depths and people and the media that defend them have little idea.  Without the supporters reaching into their pockets this board has done nothing.

Whosecock?
Title: Re: Operating Loss at Punt Rd for 2016
Post by: Stalin on October 15, 2016, 09:07:08 AM
We're a community-minded club.... :gotigers

Yes we support banks for free  :facepalm
Title: Re: Operating Loss at Punt Rd for 2016
Post by: (•))(©™ on October 15, 2016, 04:10:06 PM
We're a community-minded club.... :gotigers

Yes we support banks for free  :facepalm

But we look professional.
Title: Re: Operating Loss at Punt Rd for 2016
Post by: YellowandBlackBlood on October 15, 2016, 04:16:32 PM
And stable.
Title: Re: Operating Loss at Punt Rd for 2016
Post by: (•))(©™ on October 15, 2016, 04:17:34 PM
No. we LOOK like a stable.
Title: Re: Operating Loss at Punt Rd for 2016
Post by: 🏅Dooks on October 15, 2016, 06:43:15 PM
No. we LOOK like a stable.

RFC. Perceptions not premierships TM
Title: Re: Operating Loss at Punt Rd for 2016
Post by: Raoul Duke on October 15, 2016, 06:52:20 PM
Hardwick met his KPI's & got a raise?
Title: Re: Operating Loss at Punt Rd for 2016
Post by: Chuck17 on October 15, 2016, 07:46:29 PM
Hardwick met his KPI's & got a raise?

Yes has developed the best list since he has been at the club
Title: Re: Operating Loss at Punt Rd for 2016
Post by: Diocletian on October 15, 2016, 08:53:56 PM
The best list since the worst list since Fitzroy..... :clapping
Title: Re: Operating Loss at Punt Rd for 2016
Post by: Yeahright on October 16, 2016, 10:55:52 AM
So we are giving free advertising to ME Bank?  That's nice of us.

Left it up in the hope they'll come back to us.
Title: Re: Operating Loss at Punt Rd for 2016
Post by: The Machine on November 16, 2016, 03:59:39 PM
Not a great result and not the modest profit i was told some weeks ago but far from the rumored 2m loss.

Never the less we have some work to do both on and off field if we are to become a serious player in the comp.

Title: Re: Operating Loss at Punt Rd for 2016
Post by: Ivan on November 16, 2016, 05:24:55 PM
Not a great result and not the modest profit i was told some weeks ago but far from the rumored 2m loss.

Never the less we have some work to do both on and off field if we are to become a serious player in the comp.

Rumours of 2m loss

800k negative doesn't look so bad?
Title: Re: Operating Loss at Punt Rd for 2016
Post by: The Machine on November 16, 2016, 06:24:47 PM
Not a great result and not the modest profit i was told some weeks ago but far from the rumored 2m loss.

Never the less we have some work to do both on and off field if we are to become a serious player in the comp.

Rumours of 2m loss

800k negative doesn't look so bad?


800k?....it was 80k
Title: Re: Operating Loss at Punt Rd for 2016
Post by: WilliamPowell on November 16, 2016, 06:28:39 PM
Not a great result and not the modest profit i was told some weeks ago but far from the rumored 2m loss.

Never the less we have some work to do both on and off field if we are to become a serious player in the comp.

Rumours of 2m loss

800k negative doesn't look so bad?

its an $80,000 loss not $800,000 :P  ::)

huge difference don't you think
Title: Re: Operating Loss at Punt Rd for 2016
Post by: taztiger4 on November 16, 2016, 07:32:31 PM
all things considered that is an acceptable result
BLK going under - $300k
No PRO Naming sponsor - $500 k ??
poor on field attendance - $100k a game ? 1.1m
Title: Re: Operating Loss at Punt Rd for 2016
Post by: Beans on November 16, 2016, 07:33:30 PM
Would have made over $200k profit if it wasn't for $300k writedowns of bad debts.
Title: Re: Operating Loss at Punt Rd for 2016
Post by: WilliamPowell on November 16, 2016, 09:25:48 PM
all things considered that is an acceptable result
BLK going under - $300k
No PRO Naming sponsor - $500 k ??
poor on field attendance - $100k a game ? 1.1m

BLK who are in receivership not closed would not have any impact on this year's result. The events have happened today, that is only advised ASICS today so cannot be in our 2016 result as it has happened after clubs find year end

The $300k sponsorship bad debt would be Metro Solar and someone else

Naming rights to PRO would be over a million.  For memory with ME Bank it was around the $1mil to $1.5mil a year

Match date revenues I agree would be around  $1 million-plus to $1.5 mil and that's conservative

Dont think it is acceptable to make a loss but certainly could have been alot of worse