No funds, no flags --- Tigers talk dollars and sense (Age)

[tony_montana]

A number of Richmond supporters are doing a great job of making themselves look like wankers on another site. I've just had a read of the crap they're peddling on another site re the Tiger Fund. Its just shameful, a group of idiots think they can dictate how, when and why the club will spend money from the fund.

Its Just Disgraceful IMHO. People pledge money, then thats it. No one has the right to tell the club how its going to spend the money or asking for almost dollar by dollar accounts. Its just shameful IMHO. These wankers should ring the club and get there money back, I'm sure the club wont have a problem returning the donations. IMHO these donations wouldnt be more than 10k. What a disgrace.

agree to a certain extent 10flags. But people should be allowed to put forth their own opinions. For mine I'd rather we wiped the debt immediately first. If we put the whole 2.3 mill on the debt today we'd save 200-250k on interest this season, thats a couple of extra specialised coaches right there for the beginning of next preseason. interest on debt is a complete waste of money - we're already halfway there in terms of the debt push it hard and we'll wipe that in no time then go for the bonus warchest... Even if we dont raise an extra 1.5 mill, we'll get ourselves 4-500k in saved interest repayments, thats plenty of development coaches right there.

Just my opinion

cheers

Everyones entitled to their opinion and I respect that and I dont have a problem with that. What I do have a problem with is people demanding or making demands of the club because they donated some money. Big deal, I donated, you donated, lots of us have donated, but thats the end of it, let Brendon Gale work out how the money will be spent. Some of the stuff thats been written the last 2 or 3 days is just unbelievable.

yeah fair enough - i havent seen it but making demands and kicking up a stink abt it is ridiculous

[10 FLAGS]

And I ask this question

The players who donated money! They invested into their futures at Richmond! Dont they deserve the club to invest in them right away? Those blokes invested what was it $125,000 ... what do you reckon our players would think if suddenly the 50/50 split becomes the lets pay off the $4.5 million first and then after that we'll put the money into the footy department. The players would be disgusted. Theres way more stakeholders whose investment is way more important than that of the rank and file. What about the private group who invested over a million bucks into the fund. That fund was heavily supported by David Mandie whose been one of the great Richmond benefactors ever, he probably reckons that he and his friends invested in the 50/50 split ... what do you tell him if this small group of people on the other site continue to pressure the club. What do you tell the players - Sorry guys we'll invest in late 2012 and the improvements will become apparent years from now. Its just ridiculous. The people who are making demands and the people complaining should be ashamed of themselves IMHO.

[Infamy]

A number of Richmond supporters are doing a great job of making themselves look like wankers on another site. I've just had a read of the crap they're peddling on another site re the Tiger Fund. Its just shameful, a group of idiots think they can dictate how, when and why the club will spend money from the fund.

Its Just Disgraceful IMHO. People pledge money, then thats it. No one has the right to tell the club how its going to spend the money or asking for almost dollar by dollar accounts. Its just shameful IMHO. These wankers should ring the club and get there money back, I'm sure the club wont have a problem returning the donations. IMHO these donations wouldnt be more than 10k. What a disgrace.

agree to a certain extent 10flags. But people should be allowed to put forth their own opinions. For mine I'd rather we wiped the debt immediately first. If we put the whole 2.3 mill on the debt today we'd save 200-250k on interest this season, thats a couple of extra specialised coaches right there for the beginning of next preseason. interest on debt is a complete waste of money - we're already halfway there in terms of the debt push it hard and we'll wipe that in no time then go for the bonus warchest... Even if we dont raise an extra 1.5 mill, we'll get ourselves 4-500k in saved interest repayments, thats plenty of development coaches right there.

Just my opinion

cheers

Except the other way we save $100-125k per season in interest and get $1.25 million on the football department straight away. That's far more than the couple of extra development coaches you suggest. It will go towards resurfacing Punt Road Oval, paying for development coaches and recruitment staff immediately, not in a few years.

[gerkin greg]

I know I'd prefer more recruiters on the ground now, before all the state and junior leagues start their seasons, than pay all the debt off first and hire them in October.

Same goes for development coaches.

Has the club said what they are likely to spend the clams on first?

[Penelope]

I know I'd prefer more recruiters on the ground now, before all the state and junior leagues start their seasons, than pay all the debt off first and hire them in October.

Same goes for development coaches.

Has the club said what they are likely to spend the clams on first?

[Stripes]

This is a letter from Benny Gale that has been posted up on PRE in response to what the club intends to use the FTF for. I was going to post it here but thought this might be a no no so therefore the link. Interesting reading 

http://www.puntroadend.com/yabbse/index.php?topic=42677.345

[10 FLAGS]

And the CEO has rightly told how it is. Now everyone should just accept it and get on with the job of helping the club. 

[Hard Roar Tiger]

Nice and simple - easy to follow, may e he could coach as well!!!

[gerkin greg]

Sweet 

[one-eyed]

So from that table....

	$2,000,000......	$4,000,000......	$6,000,000
Reduce Debt	$1,000,000	$2,000,000	$3,000,000
Oval	$1,000,000	$1,000,000	$1,000,000
Total Player Payments		$500,000	$500,000
Reserves Side		$500,000	$500,000
High Performance			$1,000,000

So if we can generate the $6m target by April next year then we'll probably be carrying a $1m debt in 2012; $500k debt in 2013; and then be debt free by 2014 as planned.

The $4m target is planned for December this year so we should know by season's end how close we are to that target and whether will go alone with our own VFL side in 2012. The final lodgement of our 2012 TPP is in December also so we'll know if we can "pre-pay" players to free up salary cap to exploit free agency which is coming in at the end of the 2012 season in readiness for 2013 and beyond.

The $2m target has already been achieved so our debt is down to $3.5m already and the reconfiguration of the oval can presumably be put out to tender in readiness for work to start at season's end.

[WilliamPowell]

The $4m target is planned for December this year so we should know by season's end how close we are to that target and whether will go alone with our own VFL side in 2012. The final lodgement of our 2012 TPP is in December also so we'll know if we can "pre-pay" players to free up salary cap to exploit free agency which is coming in at the end of the 2012 season in readiness for 2013 and beyond.

I reckon December is leaving it far too late to determine if we can field our own VFL side in 2012.

For one I cannot see the VFL (or whatever they are called come Dec  ) being prepared to wait that long to know the structure of the Comp. They would start planning for 2012 around mid year.

Also as a club I think we we would needed longer than 3 months to set up. Eg finding top up players (under the rules we must have a certain number of non VFL players), finding the extra staff req'd (trainers etc)

We need to get this right on all levels as the key of haviong this side is developing our cubs

So unless we are in position to say "Yay or Nay" by say July-Aug (absolute latest) then I can't see us having our own VFL side in 2012

[gerkin greg]

Ok so we should have already paid 1m off the debt and locked in the oval upgrade.

Leaves us with 300k in the fund.

So we need to knock another 700k into the FTF in approx the next 4 months to confirm the reserves side for next year, and 500k off debt.

Then work on another 1m in the following months leading up to December to get us the cash for the TPP in time, and another 500k off the debt.

Then 2m over the off-season ending with another gala type night before next season kicks off to get us across the line.

That sound reasonable? 

[Infamy]

I can't see us fielding our own reserves until the 2013 season at the earliest

[1965]

I can't see us fielding our own reserves until the 2013 season at the earliest

Coburg Coach has been appointed for two years.

So 2013 at the earliest sound right.

 

[Dubstep Dookie]

Any reason why we can't generate 4 million by august/sept? Or am I being too optimistic?