AGM 2011 - now Wed Dec 21st not Dec 14th

[Jackstar is back again]

also announcing first they had 69 for and 2 against obviously influences the people who attended who have little idea, just go with the numbers

[The Big Richo]

Yeah, I didn't end up sending mine in. 

The whole running of the club is a disgrace. I think we need to call a SGM and take control.

[Jackstar is back again]

Honestly , when they opened by saying that Gary March was overseas, that says it all.

[gerkin greg]

Agree
Is there any whispers as to is going to take over from No Gary No? Or that he is still planning on standing down?
There was talk of Mike Green but he's now on the Nominations Committee isn't he?
Guessing it will be up to that committee to find a successor to the throne?
Hey Jack why didn't you take the opportunity to voice some of your concerns?

[WilliamPowell]

Seen him on the way out, congratulated him on having enough balls out of the 200 odd attendees

You reckon there were 200 there

take out the players and board and I reckon there would have been about 70 odd myself

end of the day it's done now.. time to move and see how it works 

[Jackstar is back again]

I counted 178 at that included guys like Mike Mikeleson.
I didnt count the front row and didnt count the few later comers who stood at the back

[Jackstar is back again]

Agree
Is there any whispers as to is going to take over from No Gary No? Or that he is still planning on standing down?
There was talk of Mike Green but he's now on the Nominations Committee isn't he?
Guessing it will be up to that committee to find a successor to the throne?
Hey Jack why didn't you take the opportunity to voice some of your concerns?

wrong forum to voice your concerns ,other the financial items as Charles Macek did
To look at Tony Free sitting up there makes you wonder he is clueless
As for Malcolm Speed, sat there with his arms crossed all night,
There was a push for Mike Green years ago although Mike hasnt got the time at present, then again either does Gary March,.

[WilliamPowell]

I counted 178 at that included guys like Mike Mikeleson.
I didnt count the front row and didnt count the few later comers who stood at the back

Fair enough then 

[The Big Richo]

So what is the forum to voice concerns?

[gerkin greg]

OER 

[RedanTiger]

* 7th straight year of making a profit. Operating profit was $1.85m once you take away the grant money.

* The club plans to reduce our debt by at least a million in 2012. They mentioned $2.5m at one point and at another said they plan to reduce it further and hope to get it below $2m by the end of the 2012 season which will be the first time that has happened in a long while. This is in fitting with the plan to have zero debt by 2014.

* The FTF raised $2m by the middle of 2011 so we were able to invest in footy dept. straight away. As we all know about $3m has been raised so far. The Punt Rd oval re-surfacing will being in 2012 with the job completed in time for the 2012-13 preseason.

So why hasn't some of the profit from the last seven years been used to reduce the $4.5 million debt?
The club gets the debt by a succession of loss-making years and when they make a profit it gets spent.
Sounds like the banks - when the business makes a profit they spend it, when they make a loss the members pay it off.
The debt was reduced by using half of the FTF. Presumably the 2012 reduction will also come from FTF donations and zero debt is dependant on FTF donations.

[bojangles17]

Look clown.this is a serious topic.post your garbage elsewhere .it's a disgrace that a president of an afl club be overseas on holidays and so called business when the club has there AGM

i wouldnt be too concerned, there looked to be nothing of any significance on the agenda, thats why i stayed home and watched TV

[WilliamPowell]

So why hasn't some of the profit from the last seven years been used to reduce the $4.5 million debt?
The club gets the debt by a succession of loss-making years and when they make a profit it gets spent.

Sorry Redan that is incorrect

The bulk of the debt relates to borrowings made to fund the admin building & pool years ago, the losses had minimal impact on the debt level

Also, making a profit doesn't necessarily equal cash

FWIW last year (2010) without the FTF they paid of $500k of debt on the back of a $2mil profit

That's 2 acct lessons in 1 day and I'm supposed to be on holidays

And BTW the the FTF monies are being held in a seperate account to the normal trading account which was very pleasing to hear

[mightytiges]

I counted 178 at that included guys like Mike Mikeleson.
I didnt count the front row and didnt count the few later comers who stood at the back

There were 18 rows (9 either side) of 7 seats so that's 126. Dimma, Newy and the some of the players were sitting to the side and of course the "bridal table" up the front had 10 or so. In any case whatever were the exact number of people there at the AGM, it's ended up that around 200 people have spoken for 50,000 members. Yep the members have spoken  . Not automatically sending out proxy forms with the constitutional brochure kept the total votes to a very low number. Some might argue conveniently so for the Board pushing these changes  .

[Darth Tiger]

And BTW the the FTF monies are being held in a seperate account to the normal trading account which was very pleasing to hear

As they need to be for claiming deductabilities.