Board Election 2015 / Chadwick & O’Shannassy re-elected [update]

[Petey]

you stuffing liar. he said without the donations we would have made a loss

[WilliamPowell]

you stuffing liar. he said without the donations we would have made a loss

Are you directing your liar comment to me or rogerd3?

If you are directing it at me I stand by what I said

Based on the full financials and the requirement of following accounting standards and corps law which the club is bound to do the club made a profit.

"Without donations"?  I would suggest going by what I've read that is simply untrue. Take away any line of revenue you can say the club wouldnt have made a profit.

If Mr Russo is referring to contributions made to the FTF or the Jack Dyer Foundation, then I suggest he take a lesson in accounting standards and corporation law and understand what a business is required to do with regard to revenue they control. One hopes he is not "scare mongering" regarding the off field

The FTF is a revenue arm of the club, where the funds come from is not relevant it is part general operations of the club. The club doesn't list the FTF revenue separately. Legally they don't have to as it falls under general ops revenue to it gets included in one of the standard categories. Should the list it separately? IMV yes they should but they are not required to legally so they don't. 

Is the Club too reliant on its operation and what it generates? That is another discussion altogether. Though, I have flagged every year since its inception my concerns about how much the club relies on it. However, it is indeed genuine ops revenue and form parts of the club bottom line.

As for the JDF, same rules apply in that in that the club ultimately controls the funds so they are bound by law to include it as part of its revenue and profit. The difference between the JDF and the FTF is that there is special deed arrangement that states what the funds must be used for. Yes all funds received are deemed "donations" but there's is nothing underhanded here; club is following their legal obligations. To suggest otherwise is well.... I'll leave it at that 

couple of key areas of revenue that increased significantly 2015 -v- 2014:

- gaming revenue up $1.9 mil
- sponsorship marketing up $715+k
- JDF contributions up $284k

[Petey]

rogerd. he said Russo has been running around saying we made a loss, which is not what he said

[Francois Jackson]

still waiting on the answer to my first question William? Adding to that did the current board members outline their vision before they were appointed.

Angus, a bit hypocritical of you to mention I've not answered one of your questions, you do it constantly.   

Board appointed directors don't have to outline their vision to the members. just like people who stand but we don't have an election because the number of candidates equals the number of vacancies. On that case they are elected unopposed

Of the current mob who got elected onto the board via  members voting, the most recent was Rex Chadwick (by a massive margin I might add) and his "vision" was clearly explained and obviously embraced by the members.

sure okay so once again can you please answer me question.

If you are content with the current directors please explain to me why they are superior to Russo's? Its an honest question as i would like to know. If its the fact we delivered a profit then say it. If its personal reasons then declare it.

not hard bello

 

[Hard Roar Tiger]

Stability's great - as long as it doesn't become stagnation...

Or complacency

[WilliamPowell]

sure okay so once again can you please answer me question.

Any chance one day you can answer some of the questions I've posed to you?

Or at least the one I've asked you at least 3 times that you have blatantly refused to answer and that is: Please tell me how Russo is going bring a premiership to the RFC and how as 1 vote out of 9 he is going to make massive changes at the club?

But to answer your "first" question. I don't know if Russo would be any better or worse because he hasn't told me anything outside of trying to play the emotive card to get my vote. He's lack of respect for the process that is now in place is not good enough IMHO. And he can try and spin it any way he likes but IMESHO he has shown a total disrespect to the Club he claims to love and wants to serve but more importantly to members he wants votes from

As for the other 3 standing as I have said a couple of times their pitches to the members I found underwhelming. At least Dowd hasn't made promises he cannot keep

How much clearer can I make it?

All the others currently on the board, outside of Chadwick in 2009 and a few of them that were elected back in 2004 have had to share their visions because they were appointed or filled casual vacancies. When there time came to face election, there were no other candidates so they haven't had to do anything

I also answered your 2nd question in that "appointed" directors don't have present their vision to the members because they are appointed.

If you are content with the current directors please explain to me why they are superior to Russo's? Its an honest question as i would like to know.

No I am not happy with everyone that currently sits on the board. The current director I am most disappointed in is Speed, not sure what he is doing there if not getting the presidency put his nose so out joint as some have suggested.

However, out of the remaining current board members only 2 are up for re-election. So any others I am not fans of aren't going anywhere until their time for re-election comes and if they have to face an election. Over the years I have take time (call it research if you like) to find out what each does on the sub committee's they sit on; so I have a clear view (IMHO obviously) of their strengths & weaknesses.

Of the 2 that are up for re-election I know what both have done. One in particular I know what he stands for, what he's done behind the scenes without sprouting it of about it to the media and that's Rex Chadwick. As for the other one, I am not here nor there

So, sorry the emotive card that Russo is clearly playing isn't for me but it seems to be enough for you. For me understanding what they bring to the table and stand for does.

If its the fact we delivered a profit then say it. If its personal reasons then declare it.

What are you talking about?

I have said that after reviewing all the info available the club made a profit. That's what the numbers and the details attached to those numbers says. 

But to make it very clear to you here you go:

Based on all the information available to me via the Full Financial Reports for 2015 which includes all explanatory notes included in the report, applying all the relevant accounting standards and corporation law the RFC has made a profit. Based on the fact that I do this stuff for a living I think I may have some sort of idea what I am talking about.

Clear enough?

[tdy]

I think Russos implied claim is he give the board exposure to the property development business where they can offer players investment opportunities to increase their wealth without it being under the salary cap thus attracting players we might at the moment be missing. Like the guy who went to Collingwood over us,treloar wasnt it.  He has a point,clearly other clubs do it. Cameron Ling alluded to it early on in  his TV career as one way players get looked after.

The last guy to do that at Richmond was Casey. That turned out to be a disaster. There are also salary cap laws now that include other jobs and post football earnings from sponsors or major club contributors.

There appear to be ways as alluded to by Ling.

[Francois Jackson]

Thanks William il take your criticism on board
I believe you have now answered me question. For a while there I thought you were being obtuse

[Penelope]

lol
unlike yourself?

[Diocletian]

If anyone's interested, Russo himself is posting in this thread on Big Footy as "A New Game Plan" :

http://www.bigfooty.com/forum/threads/joe-russo-wants-on-the-board.1117203/page-5#post-42019538

[Francois Jackson]

Very interesting read there Doc 

[Hard Roar Tiger]

It's not awe inspiring but he is asking questions of the board that WP is asking of him (an outsider).
I mean seriously how on earth can he answer these questions when the board cannot or isn't prepared to answer?
Me thinks board is fat and lazy

[YellowandBlackBlood]

It's not awe inspiring but he is asking questions of the board that WP is asking of him (an outsider).
I mean seriously how on earth can he answer these questions when the board cannot or isn't prepared to answer?
Me thinks board is fat and lazy

That's a ridiculous statement.  The current board have totally turned the club around from a financial basket case to a club that has made a profit year after year after year.  This is on the background of increased spending on the football department. We have record membership and the AFL now give us unprecedented exposure with Friday night games.
FFS do you think that this just happens?  It takes a lot of work.  Ok, we all hate losing finals but the bloody board don't run out onto the ground on game day.
The biggest plus from tbe current board is that there are no leaks. When was the last time you could say that about Richmond?
Calling them fat and lazy is one of the most ridiculous things I've read and you give them no credit for turning this vlub around to being one of the biggest clubs in the land.

[Tommy]

It's not awe inspiring but he is asking questions of the board that WP is asking of him (an outsider).
I mean seriously how on earth can he answer these questions when the board cannot or isn't prepared to answer?
Me thinks board is fat and lazy

That's a ridiculous statement.  The current board have totally turned the club around from a financial basket case to a club that has made a profit year after year after year.  This is on the background of increased spending on the football department. We have record membership and the AFL now give us unprecedented exposure with Friday night games.
FFS do you think that this just happens?  It takes a lot of work.  Ok, we all hate losing finals but the bloody board don't run out onto the ground on game day.
The biggest plus from tbe current board is that there are no leaks. When was the last time you could say that about Richmond?
Calling them fat and lazy is one of the most ridiculous things I've read and you give them no credit for turning this vlub around to being one of the biggest clubs in the land.

2nd those sentiments.

Couldn't have said it better myself.

Good work Y & B.

[Francois Jackson]

There comes a time when a fresh face is required.

500k is handy, but hardly inspiring considering where its come from and what we do with it.

get it to a mil and be in the top quartet of spend then history says we are closer to a flag than mid table clubs.

Ooh yes and perhaps get speed into replace peggy sue. She still believes a pass mark is a finals win