Benny Gale on 3aw @ 1pm

[10 FLAGS]

Financially this year what are people expecting profit wise not including the funds from the fund.

Are you just talking soley profit Flagman or are you interested in the Balance Sheet as well eg the debt?

Remembering they are 2 different beasts, interest on the debt affects profit but the debt reduction is tied to a generation of cash = totally seperate to profit 

Interested in how the balance sheet looks at the end of the year and in particular statement of cash flows and how its impacted the financial position of the club.

[WilliamPowell]

So you dont' want to know about profit? Your now more interested in cash flow? A different document again. I have said this many times Cash doesn't equal and mean profit

But to answer your original question about Profit without the FTF monies I expect a profit between $400-$900k.

Re the Balance Sheet again without the FTF monies I would think the debt ($4mil) would remain at either the same level or down slightly by say $200-500k.

I would think any extra cash generated (again without the FTF money) would be used to fund the increase of spend in the footy dept for 2011.

I would not expect to see any sort of great change in our cash reserves especially if we make any reduction to our overall bank debt.... the only way the debt can get reduced is by cash.... and around and around we go....

[one-eyed]

Here's the audio of Benny Gale's interview on 3aw:

http://www.richmondfc.com.au/roarvisionarchive/tabid/11454/contentid/372818/default.aspx